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Why such a big difference
continualdiamond
Posts: 2,830 Forumite
Why do car insurance companies vary so much???
We were paying £52.75 for ins on our vectra. We got rid of the car, bought a 2002 saab and as we had 2 mths left with our current insurance company,so decided not to switch in order to get another no claims. But ended up paying 2 mths at £77 :eek: , granted it did include a £15 charge for changing car details.
Have just bought new insurance to start in Feb when this one is due for renewel and got it for £40 :T :T .
Thats such a huge difference £77 - £40
We were paying £52.75 for ins on our vectra. We got rid of the car, bought a 2002 saab and as we had 2 mths left with our current insurance company,so decided not to switch in order to get another no claims. But ended up paying 2 mths at £77 :eek: , granted it did include a £15 charge for changing car details.
Have just bought new insurance to start in Feb when this one is due for renewel and got it for £40 :T :T .
Thats such a huge difference £77 - £40
Mummy to two girls: October 2013 and February 2016
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Comments
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continualdiamond wrote: »Why do car insurance companies vary so much???
Different insurers have different profiles and claim histories. If a contributing factor to a high volume of claims applies to your circumstances, you will find the policy cost may increase.0 -
Different insurers will also have different target markets. Many retailers and service providers are the same. They often use the price as a way to deter business rather than refuse it right out.
This is in addition to the quite correct comments above from nickmack.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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