Quote:
Originally Posted by Tyler
That dig was not at you Gary, as your quote was no where near the quotes i have been getting. I understand that there are a lot of false claims etc and some of the pay outs are huge, but it just seems like the people who are not causing the issue are getting penalised... You guys at Ketih Michaels quoted me £850 if i pay in full or £930 if i pay in installments. The only other quote i got was £9.5k if i pay in full or £11k if i pay in installments... That is what shocked me..
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I didn't take it as a dig.... it just that these no-win-no-fee lot are killing the market, and insurers get the blame for it.
In 2010 there were 200,000 whiplash claim (so ignoring any other injury... just whiplash) with an average payout of £5000 (including legal fees), so the insurers paid out £2bil just on those claims.... which makes up 20% of everyones premium.
Thats why you just won't get insured these days if you live in an area of high PI claims (Birmingham, Bradford etc...)