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And you thought your insurance quote was high

Community Veteran
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Registered: ‎01-08-2007

And you thought your insurance quote was high

At £1.2 million (or monthly installments of £104k) I think zenith are turning into PI Steakers.
http://www.dailystar.co.uk/news/latest-news/330199/Young-driver-asked-to-pay-1-2million-to-insure-10...
I need a new signature... i'm bored of the old one!
4 REPLIES
Community Veteran
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Registered: ‎02-08-2007

Re: And you thought your insurance quote was high

They simply do not wish to insure him so by giving such a high quote they get free publicity !
My Grand daughter passed her test a few weeks ago and got an insurance quote of £12,000 a year, the daft thing is that with a provisional license she could drive her parents car providing someone else in the car had a full license and l plates were displayed yet having passed her test she can no longer afford the insurance needed.
Moderator
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Re: And you thought your insurance quote was high

The motor insurance companies will tell you this is very much down to the rapid increase in false and/or exaggerated claims.
At the end of the day honesty pays for those who aren't.
(A good slogan) Smiley

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Community Veteran
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Registered: ‎12-08-2007

Re: And you thought your insurance quote was high

he insurance company said that the figure quoted was simply their way of saying they did not wish to offer4 cover Wink
CaptainFantasti
Grafter
Posts: 125
Registered: ‎02-10-2007

Re: And you thought your insurance quote was high

I may be wrong but I believe a recent (i.e. this century) edict from the Government meant that insurance companies can not refuse to insure someone.
As others have pointed out, this is the same difference.