Insurance...is it being affected by the credit crunch?

ive been doing some quotes recently, and everything seems a bit cheap from what i remember! i havent really got a quote for a little while, but something like an 05 fireblade or gsxr is only around £500 fully comp.
Are insurance companies being affected by the credit crunch or is it just my luck that things are going down for me right now? doen a quote for the sv and fully comp was only £160!

[G]

Not something I have noticed.....done a few qoute and mine are generally more than I pay now or the same. reached the might 25 as well and have an extra years NCD

im only 22! soemthing weired going on. oh well, im not compaining!

[G]

They wanted £550 off me last year fully comp.....this year they want £525ish Robbers

technically it should go up, as insurance is invested in stocks, thats how they make thier money, if stocks have a bad time so does insurance...

it could be the premiums changing in general as buying insurance seems to me more expensive in the summer than when I buy it in the winter.

[G]

Originally Posted by 454697819

technically it should go up, as insurance is invested in stocks, thats how they make thier money, if stocks have a bad time so does insurance...

I appreciate some is invested but I thought insurance profit was made on risk.......I.e they collect £200m in premiums.....claims are made for £70m ......they make £130m profit.

They legally have to have the money in the bank to cover if everybody claimed I thought......which would make investing the money not an option.

Originally Posted by G

I appreciate some is invested but I thought insurance profit was made on risk.......I.e they collect £200m in premiums.....claims are made for £70m ......they make £130m profit.

They legally have to have the money in the bank to cover if everybody claimed I thought......which would make investing the money not an option.

I honestly dont know the technicalities, but i though they made money by investment?

i wouldnt have thought the seasons would affect the prices as its a yearly purchase, not like tax when you can buy it just for 6 months through the nice period!
and i would have thoguht that the prices would ahve risen due to stock etc. just hope the prices dont rise when i get the nwe bike, otherwise i will be pi**ed!!!

Well I'll worry about it next year.

[Viney]

I dont think so. Maybe you are just in the 'zone' for decent quotes.

I recently reisured vernas SV, and it wasnt far off last years quotes in all honesty. But then it is about £112