📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Car Insurance

Options
I have just used compare the market filled in all the details
and got a good quote call the Admiral and found out the quote has jumped from 534 to 926 because I wanted to pay monthly and some one has hit me and I didnt claim on my insurance they claimed on theirs
why am I paying some much more? any Ideas

Comments

  • dunstonh
    dunstonh Posts: 119,785 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    A jump of 534 to 926 would not be due to monthly. It may have increased it by 10-20% but thats about it.

    If you are in a high risk area or are a higher risk individual, then it may not take much for them to decide to price themselves out of contention. Cherry picking is not unusual. i.e. they offer a good price for those they want but expensive for the rest.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Quentin
    Quentin Posts: 40,405 Forumite
    slvphotos wrote: »
    .....why am I paying some much more? any Ideas

    They told you!

    You usually pay extra if you want to pay on the drip, and you need to declare your accident to all new insurers you approach for a quote. Their original price was given when they thought you had a "clean" history!
  • Being involved in an accident, even if indisputably not your fault, is invariably bad for your wallet. A 70% load is a bit on the high side so sounds like the Admiral are only interested in the lowest risk customers.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.