Car insurance successes stories

ahqaf

This link is really informative and effective for me. Because I get enough experience from this tread.

50Twuncle

I really wish that MSE would leave us ancients alone
I am 50 years old and despite MSE's assumptions - that cheap motor insurance is now a thing of the past (http://www.moneysavingexpert.com/car-insurance/#BBseven) - motor insurance is now the cheapest that I have ever paid
Surely - you mean "over 70" not "over 50" ?
Whilst my reactions may not be as quick as when I was 20 - I am not yet over the hill !!
I am currently paying less than £140 fully comp from a mainstream insurance company....

tonitarzan

Its not always happy ending. People need to remember that these insurance companies are out to make money

paparossco

Followed the guide, haggled, and nearly halved the renewal quotes. Three cars, fully comp including a nineteen year old for £699 through Admiral Multi-car. I have to say it was much easier taking to a contact centre in Nova Scotia than Mumbai, they could understand my Scottish accent better :-)

The_Deep

Having been hit head on by a car which was overtaking an unmarked police car, (so totally blameless, and writing off my 10 month old Mazda6, Saga put up my next annual premium to £380, a 26% increase.

L&V quoted £316 and Saga price matched it. As I spend up to 6 months of the year in Spain, I think that I got a very good deal.

MadamMim2013

Very excited, not only have I slashed my monthly car insurance payments in half, to less than £25 (on a fully comp policy for a large 4x4) I got a huge discount on my home insurance & points too!
So chuffed to have saved so much, it's more £ to put towards repaying our debts :j:j
Gotta love MSE!! Thankooooo x

frodob

According to many policy small prints this is basis for any settlement especially in case of write-off yet there seems some ambiguity in comparison sites and in general advice on whether this means a) what one might receive if resell car or b) what one would have to pay to replace. MSE site seems to favour latter, which is certainly what I would have expected, but ambiguities remain and some sites automatically value old car on what seems to be former, whilst insurance quote just obtained values it at "market value". I have a 10 year old Peugeot Convertible and am concerned not to have the value too low in case of write off. Went through the Glass's guide exercise (courtesy of AA membership) and obtained trade-In values varying 1860-1230 depending on condition or Private Sale 2390 and likely Dealer Asking Price 3150. I have opted for the last figure and will probably haggle with eventual insurer on this point but would appreciate any thoughts from the forum. Perhaps also a point worth a few lines in the the main guide?

Quentin

Dealer "asking price" is not "market value"!

Unless you have an agreed value policy, the market value at inception of the policy is irrelevant.

In the event of a write off, then the value will the pre incident market value.

frodob

Quentin wrote: »

Dealer "asking price" is not "market value"!

Unless you have an agreed value policy, the market value at inception of the policy is irrelevant.

In the event of a write off, then the value will the pre incident market value.

having completed re-insurance have checked new policy wording which actually defines market value as cost of replacing similar vehicle. So with regard to the Glass's Guide alternatives cannot be trade-in value but must be their private sale or am I misunderstanding?

Quentin

frodob wrote: »

having completed re-insurance have checked new policy wording which actually defines market value as cost of replacing similar vehicle. So with regard to the Glass's Guide alternatives cannot be trade-in value but must be their private sale or am I misunderstanding?

Not "private sale" .

The market value is defined by the FOS as the cost to replace the car at a "reputable dealer" immediately before the theft/damage that lead to the claim.