Car insurance rates in the UK

Paranoia is very easy to sell and that’s especially true with the car insurance industry.

If someone would sit down to write a book about the HUGE scam the car insurance companies do in the UK and I am sure in most of the countries, that person would not have a hard time to collect data.

Last night one of friend who doesn’t speak English asked me to help him to get an insurance on his newly purchased Renault Clio. Purchase price a whopping £330 pounds. About $500 Dollars and the car is 14 years old with a small 1400 cc engine.

We usually buy car insurance online, because it’s open 24/7 and you get a whole bunch of quotes on these insurance affiliate web sites.

The friend was born in 1972 has a drivers license for 20 years and has been driving his own car during that time. So, he is 40 years old and has been driving for 20 years.

The cheapest insurance offer was £1,004.00 pounds and the most expensive was £ 18,720.04 by a company called “Wiser Choice”. Many of them were in the £2,000 to £3,000 pounds range.

Do anyone thinks there is something wrong with this picture? Do you people out there think that this is not a scam?

You are looking at a person with 20 years of driving experience, has a family, married, children, not drinking, no convictions, no insurance claim during the past.

So, why is his insurance quotes came in that high? Well, because he is not insuring his own vehicle and himself, but he is insuring the guy with the

£ 200,000 thousand pounds  Bentley and the £100,000 thousands pounds Mercedes.

The insurance industry says too many cheaters and too many expensive cars on the road. That’s not true. The cheaters are the insurance companies themselves who jacks up the negative data.

The other friend of mine had a flat tire and slid into the farmers field. getting a flat tire, the front and rear plastic bumper cover popped off their brackets that holds them in place and a dent above where the gas is put in the car. And a punctured window washer fluid tank.

The insurance company was Allianz insurance and their approved repair center gave them an over £3,000 thousand pounds repair bill for a job that with even the worst intentions would not cost over £500 pounds.

(In Britain only the approved repair centers can give estimate on accident repairs).

This is an obvious scam. So this guy pays and insures  other people’s cars and also pays for these high repair bills that’s way way out of reality.

Nothing to do with his 20 years of driving experience and the meager £330 pounds cost of his car.

This is a widespread scam from insurance companies. Yet they are giving huge huge bonuses to themselves and also building huge glass office buildings using this scammed income, of Hugely inflated insurance costs.

If someone would look at the actual cost of maintaining an insurance policy. One would discover that these companies would be bankrupt in no time if they weren’t allowed to scam people out of Billions of Pounds or Dollars.

Why? Because approximately 90 percent of drivers never have an insurance claim in their life. So that means they have not had an accident that the insurance company was involved in in any way.

Yeah we see accidents on the road and it appears to be more than that, but in reality we think so because of the number of cars on the road. Lots of cars and those few accidents we see appears to seem more because of our false perception. -We drive a lot and see many many cars, if one see an accident once a month, by the end of the year it appears as they’ve seen more than that. But to see that one accident per month, we see millions of cars go by that had no accident. So it is a false perception of the truth.

The insurance companies are using paranoia to suggest what if someone hits your car and has no insurance. Well, I don’t care because I want myself and my own car insured and not someone else’s that is worth a half million dollars.

I want to insure my £330 pounds worth of car. I have no money to insure the other guy’s mania of expensive car. Let him insure his own.

If we all would just insure our own person and our own car, than the paranoid suggestions the insurance companies are using would not work, because knowing I have no insurance I might get hit by someone and have to pay my own repair bills. That would be justice.

The way it is now is a SCAM. Nothing but a scam to cheat billions of Dollars out of  the motorists.
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