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Insurance - Yet Again

Started by Robodene , Mar 19 2015 10:24 am

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#1 Robodene

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Posted 19 March 2015 - 10:24 am

Which? member asked why his AA premium had shot up by £119 (for a car: from £500). He asked how much the brokerage charge was. He was eventually told that it was £200 (!) and that it was previously £45. Which? was told that this was for "marketing....sales...and online activity.. and across the industry new business is heavily discounted..... and was loss making".  Ahh.

I often wondered how much of my money actually went to the insurer.


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#2 Studley Ramrod

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Posted 19 March 2015 - 10:33 am

A very nice man !  


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#3 Robodene

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Posted 19 March 2015 - 11:58 am

So, here I am intending to change my insurer, to Bennetts perhaps. Good progress now (£84 + legal), but two issues of note:

    1.   7 years NCD reduces the premium by £19.75. To protect that would cost £10.80. Yeah, right.

    2.   'Riders must be over 75': Oops!  Well, I am ok this year because I just squeeze under that before renewal. Phew! "Next year?", I ask: "As an   existing customer you will be able renew.....subject to the insurer....etc", the nice man says.  We will see. 

Insurance is such fun.


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#4 chrisr

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Posted 19 March 2015 - 12:33 pm

Over 75?

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#5 Robodene

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Posted 19 March 2015 - 12:38 pm

'fraid so! :rolleyes:


1940s Ariel 350 (ex-military) Khaki > Black & White '56' Kymco Venox 250 Metallic Grey '56' TDM 900/A (ABS) Silver[b] '56' Yamaha MT-03 White <p>[b] '14' Yamaha MT-07 Matt Grey[b] '17' Honda Rebel 500 

#6 muddy

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Posted 19 March 2015 - 01:39 pm

'fraid so! :rolleyes:

Good stuff. I hope I'm still riding at your age.


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#7 jiff

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Posted 19 March 2015 - 05:03 pm


......1) The sense of what you have writen implies that the premium goes UP when the insurer reaches 75.....though that's not quite
what you've said........ I'd guess you're now 74........or have I misunderstood?

......2) My experience with Bennets was not good (see previous post, last year) ...in short, my premium went up £160 on renewal,
though I had made no claim (9yrs NCB) nor changed anything with the bike......no satisfactory explanation offered!
.......back with C.Nash now.

.....3) Every year our AA Membership renewal goes up by about £120.......every year I query it, in relation to equivalent cost for new member.....every year am offered a 40% reduction..........not insurance, I know, but same 'loss leader' approach

#8 Robodene

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Posted 19 March 2015 - 06:25 pm

My thought was that it might be difficult to find an insurer once you are 75...? I'll let you know next year.

And the other issue, well, it seems to me that you can only obtain the best premiums by changing insurer every year. Renewing a policy is not the best, ah, policy. I had a go at Churchill once and got nowhere; I should have moved on.

I had not thought about the AA. I shall have to. 


1940s Ariel 350 (ex-military) Khaki > Black & White '56' Kymco Venox 250 Metallic Grey '56' TDM 900/A (ABS) Silver[b] '56' Yamaha MT-03 White <p>[b] '14' Yamaha MT-07 Matt Grey[b] '17' Honda Rebel 500 
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