Admiral - monthly installments

MikeDaveRoss_2

I insured 3 cars on Admirals new Multicar policy a couple of months ago.

You can get a quote online but U have to phone up to buy.

The woman took 30mins on my mobile going through the quote all over again & at the end I said I wanted to pay monthly & was told it was a 5% premium.

When I recieved the documentation through one of my cars (the highest priumium) had increased by approx 50%!

I challenged this & was told thats how much it was & would have to provide evidence of my online quote...which I just happened to print off! They agreed to knock some money off but was still more than I was quoted.

I was then told its because I am paying monthly which adds approx 16%! (the couldnt give me an exact figure!) @ which point I asked why it was only applied to one car then?!? No answer.

I just turned 25 & now they quote even lower online. I phoned them to inform that unless they honour the quote i will cancell my direct debit. This time I was told it was more because I phoned up to buy it!?! U CANT BUY ONLINE!

After again being quoted the mysterious 16% i told them im cancelling the direct debit @ which point i was told they can re-quote me if i give them my CC details....I put the phone down!

A real shame as they are by far the cheapest...now i know why!

Astaroth

This is the difference between interest rate and APR (which has to be calculated on a loan of £1500 and includes fees and a few other things). According to More Th<n's website (seeing as Admiral doesnt say anything on their own site) Admiral charges a 8.5% rate for DD payments but as an APR that is 21.8%. It could be that admiral has reduced the rate to 5% (which would be about 16% APR) but More Th<n for some strange reason has been too quick in updating their site.

scheming_gypsy

when you've got your quote from Admiral get a quote from Elephant. Elephant phone you about your qoute and quite often they'll switch system and let you buy the Admiral one.