Author Topic: INSURANCE  (Read 12857 times)

Offline TaxiMark

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INSURANCE
« on: September 14, 2018, 04:23:20 AM »
Hello lads and lassies, newbie to the site.

I'm driving a joe nearly 20 yrs. Had a bang over a year ago in which I was at fault (first one ever). Insurance renewal is in about 5 -6 weeks. I'm with axa, and expecting to be clobbered. Just wondering if any of yis were in a similar situation or have any insight as to what kind of quote I may be facing?

Basically looking for any advice which might help to keep costs down, was with BJP for years, then went to liberty and recently back to axa. I'm aware with a claim pending .... they have me over a barrel, just wondering if anyone of you had similar experience/advice to offer, and if the likes of Ben Mc Ardle are worth a go ....etc?

Thx Mark.

Offline Belker

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Re: INSURANCE
« Reply #1 on: September 14, 2018, 06:49:35 AM »
I'm no expert in this field, but when the experts do arrive their questions will be;
Did you have NCB protection ?
If the claim was settled, then about how much was it settled for ?

If your 'Bang' was over a year ago, then how much was your last quote
considering the claim was then pending ?

Offline Tony

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Re: INSURANCE
« Reply #2 on: September 14, 2018, 07:35:09 AM »
I know a bloke in a similar situation and his went up from 2.5k to 5.2k, he reckons there was about a grands worth of damage to the both cars and no personal injuries taken
Mr. T-bag to you

Offline dalymount

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Re: INSURANCE
« Reply #3 on: September 14, 2018, 08:37:27 AM »
Sometimes it can be better to settle it yourself if there are no personal injury claims,but the problem with that is,when they meet up with the bar stool lawyers,they soon develope whiplash

Offline Rat Catcher

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Re: INSURANCE
« Reply #4 on: September 14, 2018, 09:54:40 AM »
As Ken notes there are many variables. However, insurance firms never reveal formulae used to dream up quotes, they always say quotes are based on individual circumstances hence they may differ wildly even in circumstances that appear quite similar. In reality you will have to wait until you get your quote but there are a few factors we can ascertain from various drivers' experiences.

The premium will be calculated as a base figure + x% loading for claims + y% loading for penalty points - z% NCD. Loading % (x and to a lesser extent y) vary depending on "circumstances" but it seems that a much higher % will apply to x if you have NCD protection or if step back NCD applies, essentially the % used will negate any perceived advantage attached to such "protections" - may seem fraudulent but it's all in accordance with the T&Cs attached to the policy.

Whether they have you by the testicles or not depends on the amount of the claim. Different firms have different limits for claims in the preceding 3/5 years for new quotes. Always try to shop around, all they can say is no.

As DM notes, if there's no personal injuries and you can reasonably conclude that none will materialise before the Statute of Limitations expires it could make sense to settle the claim yourself. Most insurance firms (probably all?) will afford you the opportunity to repay settled claims so you can assess the net cost/benefit when you receive your renewal notice/quote. This might seem like a strange or foolish thing to do given that you've already handed the thieving bastards four figures to for indemnity but, in reality, what you get for the small fortune is a worthless chit. In the event of a claim they'll get the whole lot back from you with interest one way or the other should you wish to continue trading.

Offline SClass

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Re: INSURANCE
« Reply #5 on: September 14, 2018, 01:26:38 PM »
Hello lads and lassies, newbie to the site.

I'm driving a joe nearly 20 yrs. Had a bang over a year ago in which I was at fault (first one ever). Insurance renewal is in about 5 -6 weeks. I'm with axa, and expecting to be clobbered. Just wondering if any of yis were in a similar situation or have any insight as to what kind of quote I may be facing?

Basically looking for any advice which might help to keep costs down, was with BJP for years, then went to liberty and recently back to axa. I'm aware with a claim pending .... they have me over a barrel, just wondering if anyone of you had similar experience/advice to offer, and if the likes of Ben Mc Ardle are worth a go ....etc?

Thx Mark.



For a lad that's driving two decades
Ye haven't heard about insurance Scum gouging taxi drivers
They were at it when when you started into the game 20 years ago.
But now you'll more than likely get arse raped,
Just breathe in it might not be as bad as WE  think.

Offline The Liffey Lip

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Re: INSURANCE
« Reply #6 on: September 14, 2018, 01:54:25 PM »
Hello lads and lassies, newbie to the site.

I'm driving a joe nearly 20 yrs. Had a bang over a year ago in which I was at fault (first one ever). Insurance renewal is in about 5 -6 weeks. I'm with axa, and expecting to be clobbered. Just wondering if any of yis were in a similar situation or have any insight as to what kind of quote I may be facing?

Basically looking for any advice which might help to keep costs down, was with BJP for years, then went to liberty and recently back to axa. I'm aware with a claim pending .... they have me over a barrel, just wondering if anyone of you had similar experience/advice to offer, and if the likes of Ben Mc Ardle are worth a go ....etc?

Thx Mark.



For a lad that's driving two decades
Ye haven't heard about insurance Scum gouging taxi drivers
They were at it when when you started into the game 20 years ago.
But now you'll more than likely get arse raped,
Just breathe in it might not be as bad as WE  think.

Mark, as you might expect there are a number of very distrustful and cynical people here, most of them being angry at themselves rather than the newcomer. Many have had bad experiences posting personal details online in some other capacity such as dating apps and porn channel services, so go easy and forgive them their transgressions.

There are a number of well-rounded and grounded individuals with no previous psychiatric containment or dependence on chemicals/synthetic highs. You can discern for yourself over time who these folks are. Now, as I myself recall, having posted early on in my short time on this forum, the advice given by Rat Catcher or John M tends to err on the side of sane and sanitised, respectively. Some forum members react rather badly to others mentioning "accidents" or "crashes" for varying reasons. One particular erstwhile poster I remember went ballistic at another current member for referring to a crash whereby the former had sustained somewhat dubious injuries etc. He seldom posts here now as I suspect he sees every thing outside plant or animal as the "enemy".

Keep it safe and mundane and the dogs will eventually stop sniffing your arse and give you the odd lick. Good luck and watch for the P.M. kings....you'll soon learn.

Offline john m

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Re: INSURANCE
« Reply #7 on: September 14, 2018, 02:01:52 PM »
depends on what was settled  expect at least 60% increase at best .

Offline Shallowhal

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Re: INSURANCE
« Reply #8 on: September 14, 2018, 02:04:33 PM »
PM kings?

Offline wacker

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Re: INSURANCE
« Reply #9 on: September 14, 2018, 02:18:24 PM »
You are at the mercy of the axa actuaries and how they feel on the day they are gods in their own world.

A lot will depend on the pay out anyways they have you now they own your ass nobody else will touch you now.

Offline The Liffey Lip

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Re: INSURANCE
« Reply #10 on: September 14, 2018, 02:20:51 PM »
PM kings?

Yes...? PM Dawn and PM Dusk....they sell all shades of shite here.

Offline Vikkiz

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Re: INSURANCE
« Reply #11 on: September 14, 2018, 02:27:09 PM »
PM kings?

Yes...? PM Dawn and PM Dusk....they sell all shades of shite here.
They must know I've fuck all money because I never get PMs.
Just like taxinark probably will be in 5 or 6 weeks time when he gets his quote, penniless. Depending on what your current policy was I'd say add at least 50%. But it all depends on the various variables into the insurance game. As you'd well know with your 20 years experience

Offline Shallowhal

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Re: INSURANCE
« Reply #12 on: September 14, 2018, 02:28:02 PM »
Ah...set adrift on memory bliss....not up on PM Dusk though!!

Offline silverbullet

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Re: INSURANCE
« Reply #13 on: September 14, 2018, 02:28:41 PM »
Prepared to be fucked Over, that way you won't be disappointed.

Offline The Liffey Lip

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Re: INSURANCE
« Reply #14 on: September 14, 2018, 02:30:30 PM »
Ah...set adrift on memory bliss....not up on PM Dusk though!!

She's obviously under 52 then?

 


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