car insurance Do we have to declare this please help,

mikey72

cindy101 wrote: »

heehee now their an idea:money:, but tbh i dont think we could be bothered with it, i have found a quote bit less than her last years one and its only £200.00 more for full comp, but i am really apprehensive about going fully comp i mean all i feel it would be good for would be the windscreen, and even then scrap yard £80.00, so cant see the benifits really, i know if the car was really a right off they may payout but mum is not interested in the money that car is her baby

I found that increasing our excess to £1000 made fully comp cheaper than tpf&t, but gave us windscreen cover. As you have found, it wasn't worth claiming for even minor damage.

cindy101

yes i found the same on looking at some quotes but the cheapest quote i have is 415, and its 598 for fully comp, last years fully comp was 425,
before i started helping and going online for prices she was paying same company every year it came out the bank and was getting beyond a joke started at £600. going up to £1100, over the years and she would just let them take it never changed company's, then i took over 4 years ago and managed to get it back to £600, and i have so far gotten a lower quote every year using the web sites and changing company's, but every renwal time even if you haven't claimed the they put the price up,, so we change again to the next lower, you would think they would either keep it same or lower it a little to keep your custom we only go with someone else when they higher it, its a mad business aint it,,

cindy101

mikey72 wrote: »

I found that increasing our excess to £1000 made fully comp cheaper than tpf&t, but gave us windscreen cover. As you have found, it wasn't worth claiming for even minor damage.

ohh i hadnt thought of that!! thats a good idea,,
can i get this clear,, sorry im still learning about all this lol,

the excess is what you would pay toward the repair of your own car if damaged right!!,

so if she damaged someone elses and her car was a right off would she still have to pay the £1000, toward the damaged car, or would she lose £1000 off what her cars worth on payout? you get me? lol,

and as she would be very unlikely to claim for repair of her own car if someone hit her due to insurance being a bloody rip off lol,, she would not ever really have to pay the excess ,, it that right?

cindy101

corr you really have to know how to play the game as such dont you!! lol

VictorM_2

Your excess is the first part of any claim that you are responsible for paying, an example settlement would be:

£1000 settlement - £200 Excess = £800 payout

It is to prevent people from initiating small insignificant claims that would clog up the insurer with admin costs along with other reasons.

System

The excess(es) are for Own Damage only :

• Accidental Damage - Example £500
• Fire & Theft - Example £500
• Windscreen or window glass - Example £75

So you do not actually pay the excess, the way it works is the relevant excess amount is deducted from the insurance payout for that particular item. And hence, no excess is deductable from any Third Party part of a claim.


If the excess is more than the payout, then the part of the payout for your own damage is simply reduced to Zero. (You do not end up paying)

mikey72

cindy101 wrote: »

.............the excess is what you would pay toward the repair of your own car if damaged right!!,

so if she damaged someone elses and her car was a right off would she still have to pay the £1000, toward the damaged car, or would she lose £1000 off what her cars worth on payout? you get me? lol,...............

You only pay the excess towards your own car.

So if you cause an accident, they'll pay the other party, and you'll only have to pay the £1000 towards your own car.

If you have someone hit you, as above, you have to pay the first £1000 towards your claim.

If as you've found, they want to write it off, if it's worth £2000, they'll give you £1000, if it's worth £1000 they'll give you nothing.
If like mine, it's worth £400, with a £1000 excess, they still give me nothing, but I saved about 30% on the premium.
It doesn't always work though, sometimes increasing the excess actually makes the premium go up!
(Try Axa direct for a quote.)