UK car insurance protection racket increasing premiums (21Jan21)
Written by Dr. Wealth on February 19th, 2012
The legalised theft on people’s money via the car insurance protection racket continues, with people now being asked to pay extra if they are unemployed “Because they travel more”, but if they are unemployed, they have less money so travel LESS. It is about time this legalised fraudulent protection racket was broken up – but it never will be, because politicians get nice backhanders from it. Recorded from BBC Weekend Breakfast, 21 January 2012.
This entry was posted on Sunday, February 19th, 2012 at 7:12 pm and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Tags: 2012, 21, Car, defraud, fraud, increase, increased, Insurance, January, legalised, motorist, motorists, pay, premium, protection, racket, scam, theft, uk, unemployed
15 Comments at "UK car insurance protection racket increasing premiums (21Jan21)"
What would you suggest as the alternative then liarpoliticians – government bureaucrats deciding premiums?
Insurers are worse than Bankstas IMO.
If they INCREASE one Group b/c of “Statistics” .. then they should REDUCE premiums for all others .
But NO … that wouldn’t occur to them .
Pure insanity! We really are all fucked.
@StandUp555
If they are ripping people off so much why wouldn’t other insurers come in and take some of their profits?
Best way to destroy a monopoly is send another business after them-M.Friedman
This is purley a gimmic to discourage, the young from driving on the roads!!!
Being forced to pay insurance is in itself an absolute joke, being forced to pay a corporation a large chuck of your earning for a service which most never actually use, and when you do use it, the bastards raise the price next time to re-new it, what an utter joke, were all just slaves on a tax farm.
@27johnny … LOL , ever heard of “The Club” aka Monopoly ?
Come to Germany where you pay a 180% premium if you are a beginner !
The German TYPE OF Insurance Industry is where YOU are heading soon ….. unfortunately.
Check out German Msg boards where youngsters are asked to pay 1800 Euros for their first insurance … and usually “ride” on Daddy’s to save money.
Their “first car” normally costs less than their first insurance .
Simple, tell them you have a job, how they going to find out?
@StandUp555 if insurance is overpriced – as you say, what is preventing another insurance comany from undercutting the over-priced insurers – and making a fortune – whilst the overpriced insurers go bust ?
You seriously go and need to study 10th grade economic theory.
@kbdkbd99 … thanks, but having worked in the back offices of insurance underwriters and banks ( maths, actuaries etc.) for years , I guess it is you who needs an upgrade !
Blame the Asians for doing all the car insurance scams thats why the price is so high..you dont think these kids are driving fancy cars from working 9-5 do you?
@StandUp555 you claom to have worked in the back-office, yet if this were true, you would understand the difference between front, middle, and back-office function – and you would know that these decisions are not a back-office role.
Take it from someone who works in the bulge-bracket (do you know what that means ?), not some junior back-office clerk in a 3rd-rate re-insurance outfit.
The b@#@#s spread lies that prostitution is the oldest profession.
I put it to you readers that actually “protection” forces people into prostitution.
Almost increased by 100 pounds, Bitch please im getting 6 grand insurance quotes!
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