Car Insurance - Extras!

RoxRoxBling

I'm in the process of renewing my car insurance. I like the price of the cheapest quote that I've found, however when I add on extra's, it adds on to the price.

So I thought I would come on here, to ask for help and discuss the extra's that I totally absolutly need!!

First: I have 5 years on claims discount. To protect my NCD, adds on £39.34 (annual) Therefore, is this worth and essential.

Second: How essential is legal cover, do you have it on your insurance policy?

Thanx!! :beer:

forgotmyname

None of them are essential until you need them. it's too late then though.

Just making it up here...

Protected no claims. Have an accident premium doubles but you stilll get 50% or whatever. So £500 before 50% off = £250, £1000 after 50% off = £500.
Without protected. £1000 after and 20% off pay £800.
Is that a risk your willing to take?

After an accident thats not your fault. You have out of pocket expenses the other party have not paid. No problem just let your legal team deal with it.
OH you dont have legal cover. OK you need to chase them yourself them.
More time and money to chase them.

bengalknights

Have you tried haggling with the insurer sometimes they just throw it in for joining them

RoxRoxBling

bengalknights wrote: »

Have you tried haggling with the insurer sometimes they just throw it in for joining them

No, I've looked online.

banner188

Protected no claims is a total scam, don't bother with it.
If you are in any accident, regardless of fault, I guarantee you are going to pay extra, either in the short or long term. Do you honestly think the insurance companies will not recoup the money in some way, eventually?

Legal protection is a bit of a personal decision really.
I have a crappy cheap car so to me its worthless. The amount I'd have spent on legal cover over quite a few years would've bought me another car. If I was injured in any way I'd just get a no win claims company. The car is worth jack so no point worrying.
If you have a pretty expensive car I would advise you take it out.

Car insurance, for me, is just a legal requirement so I get the bog standard cheapest deal and it's never failed me yet.

Quentin

banner188 wrote: »

Protected no claims is a total scam, don't bother with it.
If you are in any accident, regardless of fault, I guarantee you are going to pay extra, either in the short or long term. Do you honestly think the insurance companies will not recoup the money in some way, eventually?......

Whatever PNCD is, it's not a scam!

You may well pay extra following any claim, but having your NCD protected means you will pay less extra than were you to have it unprotected.

Like all insurance it's truly only worth having if you have a claim (or one against you)! Personal choice whether you take it or not.

Hintza

Quentin wrote: »

Whatever PNCD is, it's not a scam!

Well it's insuring your insurance.

It might not be quite a scam but it isn't far off it.

banner188

Yes, next they'll be protecting the protected no claims. It's another way of getting more money out of people.
If you are in an accident and have pnc you will still pay extra, not as much maybe, but they already got money in terms of the pnc premium. If you have an accident and don't have pnc then you'll pay a bit more after the fact, but not anymore in total. If you don't have an accident then you haven't payed any extra at all.

Pnc is just a way of getting you to pay towards an accident that may or may not happen. Better idea for you, instead of getting pnc, put the money in a high interest savings account and use it then if you do have an accident.

worried_jim

banner188 wrote: »

put the money in a high interest savings account .

Ahh, those were the days...........

RoxRoxBling

banner188 wrote: »

Pnc is just a way of getting you to pay towards an accident that may or may not happen. Better idea for you, instead of getting pnc, put the money in a high interest savings account and use it then if you do have an accident.

In all honesty, that sounds very tempting, however there's no such thing as

a high interest savings account

and if I loose my ncb, I'd probably be hit with an increase of estimated 300 pounds annual or more. However, a claim with a ncb still is probably no better.

OH.... I'm even more confused than when I orginally posted this thread.

banner188

no-one heard of isa's?