MSE News: 'We challenged our car insurer mid-policy - it was £40/month, now £16'

Former_MSE_Paloma · 3 June 2015 at 2:34PM

Warning: It's predicted car insurance prices are about to spiral up 10%. Urgently check if you can lock in cheaply ...

Read the full story:

'We challenged our car insurer mid-policy - it was £40/month, now £16'

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Quentin · 3 June 2015 at 3:57PM

MSE_Paloma wrote: »

Read the full story:

'We challenged our car insurer mid-policy - it was £40/month, now £16'

The "full story" takes some believing:

As Andy tweeted: "You gave us the confidence to challenge our insurance mid-policy. It was £40/month, now it's £16 – thanks. We didn't take no for an answer." – £288/year saved.

Andy may mistaken!

He claims by being bolshi mid-policy he got his insurer to reduce his premium by £24 a month.

Then claims his bolshi behaviour realised a saving of £288. So his maths are questionable (£288 = a full year of saving £24/month)

And insurers are just not going to reduce your premium mid term by 60%.

Did you check out Andy before publishing?

robbies_gal · 3 June 2015 at 4:06PM

i didnt even know you could reduce a policy mid term

KTF · 3 June 2015 at 4:08PM

"We didn't take no for an answer."

Given that you can cancel your policy mid term for a fee, the insurance company wasn't going to say no anyway. Still, it makes a good headline.

Plus it would be interesting to know what the cancellation fee was and 'Andys' full calculations as, pointed out above, the maths dont add up.

KTF · 3 June 2015 at 4:09PM

robbies_gal wrote: »

i didnt even know you could reduce a policy mid term

You dont. You cancel your existing one (a charge may apply) then you take out a new one at a (hopefully reduced) cost.

Cancelling mid term may also null any NCB you have collected for the year as it would not be a full years NCB.

Herzlos · 3 June 2015 at 4:11PM

robbies_gal wrote: »

i didnt even know you could reduce a policy mid term

You can't, you pay a fee to cancel it (losing that years NCB) and take out a new policy. It's maybe worth the hassle for a huge reduction but it seems to be a bit of a stretch.

robbies_gal · 3 June 2015 at 4:18PM

thanks dont think i'll bother

Herzlos · 3 June 2015 at 4:31PM

It'd only be worth if it your circumstances changes in a significant manner, or you'd always just auto-renewed your quotes. But it seems largely pointless as any money savvy customer will probably not be able to save more than the cancellation fee.

rudekid48 · 3 June 2015 at 5:00PM

Following this advice will send people scurrying to a price comparison site, such as money supermarket............... who is it that owns MSE again?

Obviously this wonderful advice is given purely for the benefit of the consumer........

AdrianC · 3 June 2015 at 5:33PM

I wonder if you lot above have actually read the article?

It's quite clear that they're talking about cancelling the policy part-way through a year. They also give an "order" of comparison engines with MSM listed third - then talk about the companies and products comparison engines don't list.

I think you're being a bit harsh, tbh.

arcon5 · 3 June 2015 at 6:32PM

I wonder if the risk posed by the category he was in rose significantly or he declared a ticket part way in what he'd say if they challenged his policy price and didn't take no as an answer to an increase

MSE News: 'We challenged our car insurer mid-policy - it was £40/month, now £16'

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free