XS Direct Insurance - Young Drivers - WOW

zudecke

Guys,

Just did a comparison quote search using quickcarquote.co.uk and the best price it gave me was a staggering £1731.69, or £159.78 per month from a company called XS Direct. How can this be? I have held my license for just a year, first time driver, no NCBs and the next cheapest quote was from Zenith for £3919 with a voluntary excess of £400.

The XS Direct quote says :

Voluntary: £0
Compulsory: £3000
Total: £3000

What does that mean exactly?

Their policy is here: http://www.expresscarinsurance.co.uk/docs/xs-direct/XS-DIRECT.pdf

Appreciate any help with this!

(PS these prices are based on a 1.6 Mini COoper 2006 3dr Hatchback standard)

Thanks again,

Zudecke

goRt

You haven't stated your age, but statistically speaking young inexperienced drivers are very likely to have expensive accidents with other objects (cars, pedestrians, trees, etc.) insurers know this and price the risk accordingly

davetrousers

Is that a £3000 excess?:eek::eek:

EDIT: Yes it is!

The Total Excess is £3,000 for male policyholders and £1,500 for female policyholders,
regardless of who is driving.

dacouch

The £3000 excess is an "All Sections" Excess this is very very unusual and basically you pay the excess even if you hit a third party and are not claiming for the repairs to your own vehicle.

Think very very carefully before taking cover as this is not like a normal policy

jd87

I'm surprised a third-party excess is even legal.

raskazz

jd87 wrote: »

I'm surprised a third-party excess is even legal.

Why would it not be?

zudecke

OMG, I have to pay £3,000 in excess if I crash into someone or if someone crashes inrto me??

But like, £3,000 is a monster of a figure.. How does that work?? £3,000 covers most damagers - so what is the insurance for lol??

Cheers,

Zudecke

(PS. I'm 23)

jd87

zudecke wrote: »

OMG, I have to pay £3,000 in excess if I crash into someone or if someone crashes inrto me??

No, only if you crash into someone. If someone crashes into you then you claim on their insurance.

bouncydog1

I think your best bet will be to go to a reliable broker and set your sights on a less flashy car - at the end of the day it's a mechanism to get you from A to B that's all. Why spend such a massive amount on insurance when you could get a low group vehicle and pay much less.

Drive carefully for a couple of years to build up no claims (and save money) and then look at getting a better car then. Statistics also show that your car is likely to be damaged during the first years of driving because of inexperience (slower reactions, etc).

zudecke

Cheers guys.

Also found a quote from Quinn Direct for 2454 annually or £523.56 + £209.42 for 10 months. Fully comp with only a £250 excess.. Bloody good, no?

ANd even better, a company I found using Gocompare.com called FLUXDIRECT, offering fully comp for £1456.

Have you guys heard of these companies?

Cheers again.

Zudecke

dacouch

jd87 wrote: »

I'm surprised a third-party excess is even legal.

I think the RTA makes the Insurer settle the third party claims without deduction of the excess and they Insurers recover it from the policyholder.

It is very rare to have a third party excess