Winter tyres insurance increase UK

Makes sence from insurers point of view.They don't want you putting performance tyres on for summer and ice tyres for the winter as the people that would change their tyres like this are car 'enthusiasts' so a high risk group for them to insure.Insurers want boring mondeo man with his 1.6lt on all season tyres.He is unlikely to go out pulling handbrakes in the snow. :new_2gunsfiring_v1:
 
gonzogicken said:
Insurers want boring mondeo man with his 1.6lt on all season tyres.He is unlikely to go out pulling handbrakes in the snow. :new_2gunsfiring_v1:
all season tyres are quite rare as OEM (noble exceptions would be outback or forester). what car manufacturers mostly fit are summer tyres
 
Milo said:
gonzogicken said:
Insurers want boring mondeo man with his 1.6lt on all season tyres.He is unlikely to go out pulling handbrakes in the snow. :new_2gunsfiring_v1:
all season tyres are quite rare as OEM (noble exceptions would be outback or forester). what car manufacturers mostly fit are summer tyres

You know what i mean.they dont fit performance stuff just middle of the road tyres :thumbsup:
 
gonzogicken said:
Milo said:
gonzogicken said:
Insurers want boring mondeo man with his 1.6lt on all season tyres.He is unlikely to go out pulling handbrakes in the snow. :new_2gunsfiring_v1:
all season tyres are quite rare as OEM (noble exceptions would be outback or forester). what car manufacturers mostly fit are summer tyres

You know what i mean.they dont fit performance stuff just middle of the road tyres :thumbsup:
so i thought :thumbsup: but by no means they would be all season more bog standard summer. in a way they would be like flip flops that some would regard all season here :lol:
that insurance buisness is a pure case for the ombudsman imo
 
There is another possible/probable explanation. I worked in insurance a long time ago and it's as devious and dirty as any investment/speculation business. Right now insurance companies are still hurting from the effects of 9/11 and more recently, the economic fallout from the Icelandic volcano. When you add that to the current economic situation it is easier to see why this industry, which operates at the bottom of the trough along with banking/bondholding, is desperate to claw back their losses anyway they can.

To look at what's happening it is necassary to understand that the primary business of insurance companies is investment via speculation on stock markets/armaments (see starting wars/invading third world countries) oil/pharmaceuticals etc, and the way they aquire the capital to do this is by selling insurance policies, much the same as the major supermarkets/bulk/discount retailers. The nett directive is to increase the value of the company shares through the maximum profit/minimum time using whatever means.

Hence the issue of winter tyres commanding a higher insurance premium is actually counter intuitive/productive but it's deemed a viable source of increased revenue. An example of this is where the insurance company ask your occupation. It doesn't matter what you answer, your premium is loaded under the guise of risky profession even if you say " I use public transport Monday to Friday and the car is kept in a secure garage during the week and only used at the weekends", you will still be loaded. This was one of many reasons I was pleased to leave the industry although car indemnity was only one of the areas I worked in, the operational methodoligy behind pensions and investments turned my stomach then and still does now.
 
Love your Summary of Insurance companies Fozzybear. Well said.

They are "hurting" just like the banks so there gonna share the pain with
the rest of us!
 
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