Car ins renewal £633.21 down from £1311.12 - thanks MSE

grey_lady

:beer:

Car ins renewal £633.21 down from £1311.12 - following the advice in Martin's article, thanks MSE!

Sagz_2

£633.21 :eek:

Thats twice as much as my first car cost!!

grey_lady

I had a theft claim a couple of months ago :-(

withabix

Rule 1 of insurance: Change company every year.

rudekid48

withabix wrote: »

Rule 1 of insurance: Change company every year.

Rule 2 of insurance: Don't then whine when you change to a crap one just because they were cheap.

Rule 3 of insurance: You get what you pay for.

Rule 4 of insurance: Expense is relative - save £xx now and wait 6 months for your claim cheque or pay £xx more and wait 4 weeks.

Rule 5 of insurance: There are no rules - just common sense.

kelloggs36

Doesn't work like that though.

JonBoy_SCFC

rudekid48 wrote: »

Rule 2 of insurance: Don't then whine when you change to a crap one just because they were cheap.

Rule 3 of insurance: You get what you pay for.

Rule 4 of insurance: Expense is relative - save £xx now and wait 6 months for your claim cheque or pay £xx more and wait 4 weeks.

Rule 5 of insurance: There are no rules - just common sense.

if you have a £150 banger and get 3rd party only cover then you don't need to worry about rudekids advice and just go for the cheapest:money:

agaveworm

rudekid48 wrote: »

Rule 2 of insurance: Don't then whine when you change to a crap one just because they were cheap.

Rule 3 of insurance: You get what you pay for.

Rule 4 of insurance: Expense is relative - save £xx now and wait 6 months for your claim cheque or pay £xx more and wait 4 weeks.

Rule 5 of insurance: There are no rules - just common sense.

Boo yeah!!!!

grey_lady

hhmm - sounds like there's some disgruntled insurance salesmen on here :-)
or people that have had bad experiences with claims in the past?

In my own experience if a company tries to make you wait an unreasonable length of time for your claim, or doesnt offer you enough in the event of your car being stolen / wrote off, then complain, haggle and if serious enough go to the fsa (ombudsman)

I went for the cheapest quote last year and on my recent theft claim the company made me three offers, i rejected the first two and the last one came in 30% higher than the first one. This was all done inside a few weeks
(Im guessing they were hoping the car would be found) - apart from the haggling over how much they were going to give me for a replacement car (which i suspect most companies would do) i dont see how going for the cheapest quote affected the service?

horseykitty

I posted on here a couple of weeks ago because I wasn't going to apathetically just let my insurance renew - I went on comparison sites and asked if anyone knew about Diva. Well, the upshot is I renewed with More Th>n - I got an upgrade from TPFT to fully comp and it has cost me £130 less than the cheapest quote my broker Swinton could get me. So I'm very pleased.

The only downside to this is that my hubby was stopped driving home from work on Weds (day of renewal) for having no insurance registered for my car - we had some strong words between us (he didn't believe I had renewed it) but this was all sorted out when we rang them in the morning and the certificate can through later that day - he has since presented his docs at the station. I'm just glad we don't live in one of those areas where they automatically take the car off you!

So I'm glad I looked into changing - I'm going to do the same with my building and contents insurance because the quote I've had is nearly £300 less than I am presently paying my building society. Do you have to wait until renewal is due to swap or can you do it mid term?

dacouch

rudekid48 wrote: »

Rule 2 of insurance: Don't then whine when you change to a crap one just because they were cheap.

Rule 3 of insurance: You get what you pay for.

Rule 4 of insurance: Expense is relative - save £xx now and wait 6 months for your claim cheque or pay £xx more and wait 4 weeks.

Rule 5 of insurance: There are no rules - just common sense.

I agree with the above totally, Insurance can potentially be one of the most important
purchases in your life should you ever need to use it. Making a mistake in the information you give the Insurers or chosing the wrong Insurer can potentially cost you thousands. For evidence of this have a look around the Insurance Forum for evidence of people who are having problems with the Insurer they chose. I and other members like Rudekid48 try our best to help people out on the MSE Insurance Forum with their problems which are generally about their claims.

Insurance is like any other product in that in a lot of cases (Not all) you get what you pay for. Have a look at the lengthy thread on here about Swift Cover. There are poeple on there who are waiting months for their claims to be paid.

Insurers are not all the same when it comes to quality of service, claims handling and policy cover.

If the cheapest price was always the best option then M&S and Waitrose would have no customers, people chose these companies because of the quality of their products and service. In the same way as most people will not buy a Kia but will spend money on say a BMW as it is perceived to be more reliable

It does not apply as much as it did in the past but Insurers often look more favourably on a borderline claim if the customer has been with them for a few years over a new customer.

To summarise when buying Insurance you should take into account a number of factors. These include the price, the suitability of cover, the quality of the Insurer and the claims service.