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17th June 2024, 11:33 | #11 | |
Doesn't do things by halves
Rover 75 2.5 Connoisseur Auto (1999) Dealer launch model. Join Date: Mar 2007
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But this is Maninder ...
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That has nothing to do with age and everything to do with a lack of concentration and awareness. Simon
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17th June 2024, 12:18 | #12 | ||
Give to Learn
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Ok all well and good to the above, but I'm after car insurance, not insurance for me has a human being. The car should be insured not the person ie one price for Rover 75 albeit diesel petrol etc. We all know it is still a big con and we can do nowt about it. That is the end of my ranting on this conversation and thread i will now unsubscribe from said thread as it's all small talk which never gets anywhere they have us over a barrel with a gun at our heads.
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Arctic Givology Learn to Give Everything is Achievable ad altiora tendo. Check out our Nano meet dates http://www.midlandsnanomeets.co.uk/ http://www.the75andztclub.co.uk/index.php?thepage=howto " You do the work , we supply the expertise " |
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17th June 2024, 12:39 | #13 |
This is my second home
Rover 75CDT, Jaguar XF-S 3.0V6, Astra Techline Estate and Corsa 1.2 SXI Join Date: Dec 2007
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I know we motorists feel had done by the insurers, but some facts may be helpful.
The motor insurance industry in the UK is highly competitive - to the point that motor insurers overall make hardly any profit from it. The profits are made largely from their ancilliary and other financial services. Simon - I say that it is a case of premium differentiation based on risk, in which age is a factor, but it is most certainly not age discrimination. Steve (Arctic) - At the present time it is the driver that controls the vehicle and therefore dterermines the risk, not the car. PS I have no interest in the motor insurance industry nor do I work in it.
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18th June 2024, 09:15 | #14 | |
This is my second home
Rover 75 cdt club + Rover 2.5 KV6 Conni SE Join Date: May 2008
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21st June 2024, 12:01 | #15 |
Gets stuck in
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I've just received my renewal for my motorhome....last years was £500ish the renewal is now £1600 with my current insurer refusing to quote. Clean licence for 42 years and no claims. I'm sure they are trying to force older drivers off the road!!
Here in Spain it is the vehicle that is insured not the person. Last edited by picky747; 21st June 2024 at 12:09.. |
21st June 2024, 19:18 | #16 |
Precise
Rover 75 Tourer 2.5KV6 Connoisseur SE Join Date: Mar 2013
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I enquired about "modern classic car insurance" from one of the brokers mentioned in this thread.
The reply in due course "none of our insuers would quote" why? because I am over 80! In the end I stayed with my present insurer with my costs actually just under the cost of the outgoing cost. |
21st June 2024, 21:43 | #17 |
This is my second home
Rover 75CDT, Jaguar XF-S 3.0V6, Astra Techline Estate and Corsa 1.2 SXI Join Date: Dec 2007
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Looking at the age demographic of MG/Rover ownership, I wonder if some insurers have heard of the triple-lock on pensions and want a share.
Just a thought!
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22nd June 2024, 04:52 | #18 | |
This is my second home
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Your renewal of £1600 must be so disappointing and disheartening, sorry. Next week I am borrowing a 16 year old estate car from a very good friend. Through go compare I was quoted between £1400 to £2000 plus for comprehensive. Third party fire and theft was more expensive. Some insurance companies refused to quote. Eventually I found an insurer who would cover under the conditions of car borrowed, the car is Thatcham security protected, fully comp for £250 first payment and then a rolling payment of £116 every month for as long as is needed with no cancellation fee. It was the best deal I could find. I have had no speeding offences or convictions or made any claims in more than 20 years and have the NCB protected for 20+ years. I am aged 69 years young I was telling my wife I had some friends over the years who worked as insurance brokers, they all had nice houses, nice clothes, a permanent tan and a lovely car, that was a long time ago. Could it still be the same. The insurance industry is changing and we have to go along with it. If we don’t or if we do, we are stuffed either way. I think it helps to have a moan and support each other. |
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22nd June 2024, 09:55 | #19 |
This is my second home
Rover 75CDT, Jaguar XF-S 3.0V6, Astra Techline Estate and Corsa 1.2 SXI Join Date: Dec 2007
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It's not as bad as we think.....
Young drivers have often paid £3k+ for car insurance for years.
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22nd June 2024, 17:29 | #20 |
This is my second home
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Write-off?
Naturally, agree with most of the above. However, at the mention of insurance, there are pitfalls on the economical aspects of 'cover'. At current values, and anticipated costs allowing for market trends, the Insurers will always seek a minimum settlement in the event of a claim for damage or loss. The words 'economic residue leading to write-off’ solutions are another way of saying they don’t care, they are in the insurance business – not the motor trade. For instance, age has its drawbacks. Many 25 year old cars are lovely, cherished and highly valued by the owner but, to the trade, they are dinosaurs and many of them are insured for risks that amount to, in the event of a major claim, a ridiculously low pay-out. It’s the ‘write off value’ that counts. How many of us have so-called ‘fully comprehensive’ cover? We see value in the care and maintenance we have lavished on a car over the years but insurers see it as a dinosaur worth a pittance and will only pay on a ‘residual value’ following a serious accident. Even on cover of 3PF&T a car will only be valued at its market value which is significantly lower than what an enthusiast would want. A more realistic policy would be 3rd party only. Effectively, insurers are essentially an offshoot of the bankers. And that last word was correctly spelled. Believe me, directors are all very well remunerated for doing absolutely nothing of any value. Does anybody know anyone who has had an 'agreed value' on their 75 at the inception of their policy?
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