Or better still stop using repairers like 4th Dimension who deliberately ramp up the costs of claims with over inflated storage fees , loan vehicle costs and repair prices ( using refurbished parts that apparently cost more than new ones)
Average car insurance £995
- Thread starter Berin
- Start date
Can somebody explain how insurers profit by employing the services of a company, which inflates claims, somehow benefits insurers, who pay the inflated claims?
Ask American health insurances? Is it not a very similar scenario? 
Ask American health insurances? Is it not a very similar scenario?
I don’t think that is a very good comparrison. The US healthcare system is a vast machine, in essence not so very different than our own, entirely dependent upon the supply of drugs and care from outside providers. It swallows money. In a word, grossly inefficient, like the NHS. If though we look at a private health care provider like Bupa or Axa, they strictly control costs and premiums.
The motorcycle market in the UK is tiny, with easy assessment (is a bike viable if it is to be repaired, yes or no) and reasonably easily repaired if so. If not, write it off and move on. It would make no sense to employ the apparently monopolistic services of 4th Dimension, unless it made good economic sense for insurers to do so. Nobody seems able to explain it any other way. What I suspect might be the reality is maybe much simpler. The bikermate world gets to hear some horror stories (sometimes from a mate’s mate) and automatically believes - and repeats - that every bike even looked at by 4th Dimension will be treated the same. If though, the reverse is true, and 4th Dimension really are creaming it in, by successfully biting the hand that feeds them (ie ripping off the fat cat insurers, over a prolonged period) then good luck to them, I wish I’d have thought of it.
Thanks Richard. Makes sense.
I always assumed car/motorbikes repairs was essentially a "virtually created" market with artificially inflated costs in "most cases". But I see your point.
I'm happy to say that only one friend over 17 years I've been in the Uk had to deal with insurance because of a stolen bike and he had zero issues.
I always assumed car/motorbikes repairs was essentially a "virtually created" market with artificially inflated costs in "most cases". But I see your point.
I'm happy to say that only one friend over 17 years I've been in the Uk had to deal with insurance because of a stolen bike and he had zero issues.
No idea yet they continue to use a service which continually overinflates claims and has a Trustpilot rating that in mainly one star and that is only because you cannot give them a zero https://uk.trustpilot.com/review/www.4thdimension.co.uk
I think this is a misconception.
The general "plan" is to limit/stop all private traffic within cities or larger urban areas. This has some sense (limiting it) as traffic is one of the major sources of pollution and people over-use private transport A LOT, especially for short and extremely short routes. Shifting those to public transport or active travel might be beneficial.
Then, the ways this is being done might be debatable. But I really do not think it is a matter of leaving it to "the rich".
Also, well off people have the luxury of not driving at all.
One the other hand one can argue that we're essentially handing over public infrastructure (the roads) to businesses only – or that by blocking private transport local government has full control over your travel budget and can fleece you accordingly (something something the ridiculous prices of trains in the UK) but it's a bit long-winded (and one of my personal tin-hat theories, I admit it).
Not sure the insurance prices hikes are strictly connected to this to be fair.
Nope, the plan is to “eliminate ownership of private vehicles”
They tell you about it.
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When it comes to repairing vehicles via insurance, the company providing the service has to provide photographic evidence of repairs at every stage of the repair, this has prolonged the repair procedure, as a photograph has to be taken at each stage, so this has made repairs more expensive.
The lack of trust is making all of your lives more expensive.
The lack of trust is making all of your lives more expensive.
Black Rock and Vanguard own and run our country, just about every politician sings from their hymn sheet. They also own or have controlling shares in an awful lot of banks and insurance companies, they could and probably have influence on everything I pointed out if they wanted to. I imagine the insurance industry has far more access and influence on policy and politicians than the voting public ever have. But making money is far more important than doing what’s right for the good of society.
I did not say change laws………
what I said was, Encourage or even demand the legal system hammers those that commit the crimes of damaging or stealing vehicles…………. They can lobby politicians.
I did‘nt say demand………
what I said was, Encourage their customers get more training (rather than just the basic to past the test).………. with worthwhile discounts.
I said, How about the insurance industry insist that vehicle manufacturers fit robust and effective vehicle security (for instance, Rangerover-Landrover
)……… Refusing to insure vehicles doesn’t help customers, putting pressure on manufacturers to fix or retrofit robust security does.I didn’t say, police or set prices…….
what I said was, How about they investigate the obscene cost of oem parts (the instrument screen on a Honda AT1100 cost £3600 plus labour to replace
)…..… highlighting the ridiculous oem part prices and putting pressure on them to lower parts prices will help. Thanks for you kind words, “Tough shit, mate” not quite sure what I have done to insult you, or have I interpreted that wrong? oh by the way mate, I don’t auto renew insurance, never have and never will, I always shop around for the best quotes, but my point was, insurance companies don’t want to quote on personal risk, they seem to want to lump their customers into groups. I’ve done everything I can as a driver/rider to reduce the risk of an accident, My bike is in a brick garage with 6 security devices fitted, I’ve done my bit to lessen the risk of a claim, how about the insurance industry reward those who do with lower premiums.
Having just got home from work, contributing my bit to the defence of our nation, I’m off to bed……. Good night.
So it’s not the motor insurance industry persecuting GSer’s alone.
Average UK car insurance quote hits record £995
Rise in prices comes after insurers register surge in cost of claimswww.ft.com
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It’s all the fault of BlackRock and Vanguard. I read it here.
My wife’s insurance for her little A1 has only risen by £10 a year to £167, then again she only drives about 20 miles a week anyway!
My old Q3 now costs £327 up from £249 last year!
Robbery I tell you, robbery.
My old Q3 now costs £327 up from £249 last year!
Robbery I tell you, robbery.
Yes, your right, it is, “I read it here” Can you not respond to other members post without being a condescending Dick, sorry, Richard.
Yeah. Currently every motor manufacturer is making plans (quickly) to pivot into "mobility providers".
I've heard the self driving thing a million times by now.
It does serve a purpose as cars sit unused 70% (or more) of their time.
You can have a vehicle drive itself around to people in need and it will have a more useful usage over its lifespan.
I do not think the self driving prophecy will be as quick and as easy as those people think though, as that would mean removing a lot of agency from people, and there might be some "minor" complications here and there...
The woman was therefore correct; shopping around is the only reliable way of reducing an annual premium. That though is nothing new, it’s just that, for the first time in ages bods are seeing their traditional premiums (ie those they have got comfortably used to for years) going up, sometimes incredibly fast or (in extreme cases) no quote at all.
Before this, they couldn’t be arsed or simply didn’t need to shop around at all. From your post, it took your renewal premium hitting £900 to prompt you into seeking an alternative, a figure that you subsequently over halved. The days of very cheap motor insurance, bought with all but zero effort, are (for now at least) over. They’ll be back…. But when? Who knows.
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Has to provide? Where did you dream that one up from?
Are the repair technicians fully clothed in the pictures?
Are their faces pixilated?
My friend has just been taken out on a roundabout. The other driver didnt see him on the roundabout. All captured on Innov cameras. I’m dealing with the claim as he will be in hospital for an estimated 6 weeks with pelvis, shoulder and broken ribs. They are seeking an early admission of fault from the drivers insurance.
They want to provide private health care upon his discharge. The very early estimate is circa 50k and that’s just one accident.
They want to provide private health care upon his discharge. The very early estimate is circa 50k and that’s just one accident.
Not the midgets.
No doubt your friend will be cursing rip-off insurers, as will the third party.
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