Whilst I agree with informing the insurers of mods i do sympathise with those that are younger not doing so (unleash the rants of you wont when they crash into you). Insurers are their own worst enemies, they complain about having to pay out vast sums of money and as a result they hike up premiums whilst telling us its due to uninsured drivers causing the hike. Is it not just as likely that if the premiums were more affordable that there would be less uninsured drivers on the road ? They say there are more uninsured drivers around than ever before, but cant seem to see the link that insurance premiums are not only at their highest ever level but are still increasing as roads get safer???!! (according to police road traffic accident reports).
To me they will use all and any means to increase premiums, put on snow tyres and your not safer, its obvious isnt it ? now you'll go out when you MIGHT have stayed home so now your an even higher risk than before. Fit bigger brakes and now you MIGHT drive faster so again your a higher risk.
New female drivers are statistically a lower risk than the same aged male. They aren't allowed to charge males more though, poor poor Mr insurance man. NO not poor insurer, he's pleased as punch, now he has to charge the same. Did they drop all male policies down to match their female counterparts ? did they bo**ocks, they brought the female policies up in line with the males.
If the insurers weren't so greedy, then this wouldn't be an issue and there would be very few uninsured drivers (including those who dont declare mods).
Just like the estate agents that complain about slow house sales, whilst THEY dictated the prices that led to the situation I have no sympathy.
Insurers optimise capitalism at its worst, get greedy and then complain thats its someone else's fault when they cant afford it !!
Rant over.
