Another small rip off against the motorist

Honest John Back Room » Motoring discussion
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Fri 16 Oct 2009 13:10
Another small rip off against the motorist - retgwte

A long running battle between my insurance company and the other drivers insurance company has been settled, after years and close to the court date the other side have admitted 100 % liability and paid up in full

I note they have paid up the full amount of all claims ?plus interest?

my insurance company have forwarded my excess and you guessed it no interest added

its only a few quid but for one of the big insurance companies doing this day in day out must be getting quite significant sums out of the British public this way

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Fri 16 Oct 2009 13:13
Another small rip off against the motorist - TheOilBurner
One insurance company offered to let me pay my premium in instalments with interest costing 23% APR!!

I politely declined.

Maybe you can find out what APR your insurance company charges for such a service, send them a kind letter about the excess with a copy of some sales literature about the APR they would charge you and see what they say...
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Fri 16 Oct 2009 13:17
Another small rip off against the motorist - retgwte
Its the standard interest rate you can apply to all courts summons

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Fri 16 Oct 2009 17:16
Another small rip off against the motorist - Mr.Tee43
But insurance companies are so poor you know, they don't make any money at all, so they have to rip you off left right and center.
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