Please fill in the form to report an unsuitable comment. Please state which comment is of concern and why. It will be sent to our moderator for review.
Anon 12:28. It is simple economics. If you log on to Amazon and see two identical products, sold by two different vendors at different prices you buy the cheapest (or best value). The more expensive vendor will have to reduce their price to compete or they won't make any sales.
Insurance is no different unless you are suggesting that the insurance companies are operating as a cartel and price fixing.
Interestingly, the recent increase in IPT and if discount rates are cut then you won't see your premium fall, but probably increase.
Speaking to some ex-colleagues (opponents) in the insurance industry they are suggesting that the MoJ's figures are grossly overstated anyway and that even if the proposed reforms are rolled out unchanged then, at most, the average policy saving will be nearer £30. Not forgetting that in that average are commercial policies, young / old drivers, drivers with convictions etc. who will be paying a high premium to start with. The 'average' saving to the 'average' policy will likely be about £15-£20.
Factor in all of the above (IPT and discount rate) and your 'average' policy will likely be £20 worse off than if everything was left as is!
Well done to the government who have once again demonstrated it has no idea what it is doing
The Gazette offers you up-to-the-minute national and international news, opinion, features, in-depth articles plus a jobs and appointments section.
Please click the link below for a digital edition
The Law Society is the independent professional body for solicitors. We represent and support our members, promoting the highest professional standards and the rule of law.
Find out more about the benefits of membership
Find out more about the Law Society
The Professional Development Centre provides webinars and training to meet the learning and developmental needs of legal professionals.
We run PDC training seminars, conferences and networking events for our members.
Law Society Publishing titles, e-books and selected key works from other legal publishers.
It brings you quick, access to the library catalogue and value added legal information sources.
© 2019 The Law Society all rights reserved
Site powered by Webvision