Quote:
Originally Posted by l18mnb
my opinion is theyre all in it to screw you over somehow and they always blame the ones with no insurance for premiums going up, never the fact they just wana commit daylight robbery!!!
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They're in it to make a profit, as they have to, being a company with shareholders and all. It's not like we have much choice in that matter, either, as we're required to have car insurance by law.
The fact is, insurance premiums, or rather what they were a couple of years ago, will barely (if at all) cover the cost of payouts - the real money was made from your premium being invested in the stock market by the insurance companies, this is how they made their money. When the stock market took a nose dive, it left the insurance companies short - and the only way they could cover their outgoings is to increase our premiums. Add to that two winters where every BMW on the road spent 90% of its time going backwards and the other 10% embedded in someone elses car, and the fact that personal injury claims are up through the roof (who doesnt need some extra cash at the moment?), then it is innevitable that we all pay more for our insurance.