Other than those insurances that are mandatory...

self insurance will always be cheaper in the long-run, but only on average - some people will be "winners" on a premium paid v benefit received, vast majority will not. It's whether you have the stomach (and means) for the worst case scenario should it happen.

I choose to extend my cars warranty (which is insurance really), as an example, it's not cheap at £400 and I'll probably never need it. But, just say the engine failed, that would be £12k - 15k to sort, even seemingly basic things like a new headlamp would be £1200. So I'd rather pay it knowing its likely a waste of money.

Everyone has a different approach to risk v cost

Posted By: SimonOTBC on June 11th 2024 at 10:47:50

Message Thread

LV car insurance ..... (General Chat) - ghostof barry butler, Jun 11, 09:37:16
- Last year with Hastings 219 this year 349 ! (General Chat) - MORDENCANARY, Jun 11, 16:27:58
- Japan is great at this. Every car has two insurances: (General Chat) - Hongky, Jun 11, 13:33:36
  - We do to an extent, only 3rd party is legally required here (General Chat) - megson, Jun 11, 15:51:32
- Have you tried Shelia’s Wheels? (General Chat) - BigGrantHolt, Jun 11, 12:51:55
- A family member had a nightmare with them last year (General Chat) - camcan, Jun 11, 11:57:16
- The new 'fair pricing' rules will have an impact on that as well. (General Chat) - megson, Jun 11, 10:54:00
- Try a cashback app… (General Chat) - Eric Morecambe, Jun 11, 10:41:31
  - renewed through Compare the market (General Chat) - ghostof barry butler, Jun 11, 11:04:27
    - Cashback… (General Chat) - Eric Morecambe, Jun 11, 13:02:16
- Nationalisation often mentioned for water, gas, electricity (General Chat) - Chopper, Jun 11, 10:13:24
  - Other than those insurances that are mandatory... (General Chat) - SimonOTBC, Jun 11, 10:47:50
  - If you nationalised car insurance, it would cost even more (General Chat) - jamesward, Jun 11, 10:16:03
    - Being back capital punishment (General Chat) - SCC 28, Jun 11, 10:22:38
      - Surprised Reform haven't jumped on this tbh (General Chat) - jamesward, Jun 11, 10:29:33
        
        Interesting (General Chat) - SCC 28, Jun 11, 10:39:48
        
        You only have to watch Scam Interceptors to know where most (General Chat) - jamesward, Jun 11, 10:45:36
        
        i went down a rabbit hole on youtube watching the hackers hack the indian call centers (General Chat) - Chris Peacock, Jun 11, 20:13:47
- Mine eith them went up.massively, but I couldnt find cheaper (General Chat) - Azteca, Jun 11, 09:52:35
- This year has seen huge increases across the board for car insurance premiums (General Chat) - Yellalee, Jun 11, 09:50:39
  - Can see a decrease if you shop around (General Chat) - SCC 28, Jun 11, 10:14:49
    - And how much time you are prepared to spend trying to save a few quid (n/m) (General Chat) - Chris Peacock, Jun 11, 15:18:10
- Meerkat it (General Chat) - Old Man, Jun 11, 09:49:04
  - This is what the problem is - insurers don't expect loyalty as expect you to change (General Chat) - Ruttles, Jun 11, 11:09:16
    - You didn't want to buy the written off car back? (n/m) (General Chat) - SimonOTBC, Jun 11, 13:26:37
    - Back bumper recently got scratched at a car park in Cardiff. When visiting 2 local (General Chat) - Augustus Pablo, Jun 11, 11:19:11
  - I have to move each year now (General Chat) - SimonOTBC, Jun 11, 09:50:31
    - Mine didn't go up by much, but for the first time ever (General Chat) - jamesward, Jun 11, 09:56:03

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