Magic Quote car insurance - any thoughts or experience?

salutation90

Hi everyone,

This is my first post to these forums, apologies if I'm putting this in the wrong place, have had a look through all the threads and can't see where else it should go but if any regulars can point me in a better direction I'll repost.

Does anyone have any experience of Magic Quote car insurance? Apart from Central 1st insurance (which these forums have persuaded me to steer well clear of) magic is coming up as the cheapest quote I can find - the next cheapest is nearly £2000 more!!!

Due to company policy on my work lease car (which I have to give back in Feb) I had to declare to the lease team absolutely everything that happened to the car, which was 1 non-fault claim, 1 windscreen, 2 vandalism claims and 1 fault claim.

Magic Quote's website says that they can offer cheaper insurance to people with a history of claims by removing the No Claims Discount and charging a high excess of £1500 for women (£3k for men).

Has anyone got experience of a policy with Magic Quote? Any advice or comments would be greatly appreciated.

mikey72

salutation90 wrote: »

Hi everyone,

This is my first post to these forums, apologies if I'm putting this in the wrong place, have had a look through all the threads and can't see where else it should go but if any regulars can point me in a better direction I'll repost.

Does anyone have any experience of Magic Quote car insurance? Apart from Central 1st insurance (which these forums have persuaded me to steer well clear of) magic is coming up as the cheapest quote I can find - the next cheapest is nearly £2000 more!!!

Due to company policy on my work lease car (which I have to give back in Feb) I had to declare to the lease team absolutely everything that happened to the car, which was 1 non-fault claim, 1 windscreen, 2 vandalism claims and 1 fault claim.

Magic Quote's website says that they can offer cheaper insurance to people with a history of claims by removing the No Claims Discount and charging a high excess of £1500 for women (£3k for men).

Has anyone got experience of a policy with Magic Quote? Any advice or comments would be greatly appreciated.

I think you're stuck.
I would avoid them both on the name alone.
I don't think you have that luxury. Maybe you should see it as paying for the piece of paper you need to be legal, and reconcile yourself to no customer service if you ever need it. With an excess of £1500 when would you make a claim? Depends on what the car you're insuring is worth.

adamc260

Its shocking the insurance industry is so sexist... Men with that company pay an extra £1500 compared to women on their excess =/

They do sound a bit .... strange though =/

dacouch

The Magic Policy has an excess of £1500 unlike a normal policy you pay this if you claim from the policy or if a third party claims from you which is something you must fully understand before you take out cover.

Alternatives I would suggest for you are to speak to a local broker (Not Swintons), if possible ask your employee if they can give you a list of how much the claims you made / were made against you were (If you can get this on headed paper all the better). It may also help if you can find out the name of the Insurer your employer uses as there is a very outside chance that this Insurer may be prepared to offer a quote so it could help the broker.

Another alternative is to get your employer to extend your work lease car for another year or two, if they can then hopefully you can keep your nose clean. If this happens then you will be massively more attractive to Insurers resulting in a considerably lower premium, there may even be a few companies that will be prepared to give you a no claims discount equivalent to the year or two you have remained claim free.

salutation90

Thanks for the replies, I tried a broker earlier today and they said they couldn't help me because of my details (history and postcode I think). I'm really struggling to get the claim history from my employer at the moment, they'll only release it when I give the car back and unfortunately extending the lease isn't an option.

Like you say Mikey72, I may just need to look at it as a way to get legal and keep my fingers crossed I can start getting some no claims years under my belt.

Dacouch - on other policies do you only pay the excess out for damage to your own vehicle and not to vehicles from 3rd parties? I hadn't realised that, I might up the optional excess amount on some of the other quotes and see if they reduce.