Admin Charges by Car Insurers

MissMoneypenny

Sorry, forgot to add the:

Charges
The Post Office - £15.00
More Than - "up to £25.00"
Esure - "whatever it says on your policy schedule"
Kwik Fit charge up to £25 for admin fee's
Elephant = £15
AA = £30
ecarinsurance = £0, £15, £20

Doesn't Charge
The National Farmers Union
Virgin car insurance
According to a recent survey LV= / NU Direct / Barclays/ Marks & Spencer/ CIS/Insure It All/What Car/Volvo/Ford Sure/RAC
all charge no amendment fee.

aj3001

Adrian Flux = £50, Norwich Union Direct and Churchill have never charged me a fee

pennylaneuk

Esure - 'whatever it says on your policy'
I just changed my address with them and they just charged me a whooping £56 (£13 admin fees) for the priveledge.
I feel like Ive just been well and truely ripped off. Where the heck do they start to justfy such a huge sum of money. To pay their 'ad mans' fees I wonder?
Penny

dunstonh

pennylaneuk wrote: »

Esure - 'whatever it says on your policy'
I just changed my address with them and they just charged me a whooping £56 (£13 admin fees) for the priveledge.
I feel like Ive just been well and truely ripped off. Where the heck do they start to justfy such a huge sum of money. To pay their 'ad mans' fees I wonder?
Penny

£13 is nothing. Some poor sod at an insurance company call centre has to be paid for. The computers have to be paid for. The regulatory costs have to be paid for. The office and associated costs have to be paid for.

So, I think £13 is totally reasonable.

The rest is due to increased risk of your new postcode.

raskazz

Hastings Direct £40 + insurance premium tax = £42.

Not stated in documents either. Total disgrace.

lisyloo

OK, lets go back to the old method where the insurance premiums were more expensive and charges like this were hidden within that.

I think that's what this thread is about.
Giving people the information so they can make an informed choice.

Of course there are likely to many other factors (and probably much more important one IMO like coverage, initial cost and customer service).

easynotec3

raskazz wrote: »

Hastings Direct £40 + insurance premium tax = £42.

Not stated in documents either. Total disgrace.

That's because that is not an admin fee (Insurance Premium Tax not applicable on admin charges)

This would have been an additional premium due to a change in the risk

ranger1066

Hastings direct do charge £42 admin fee, but its does state in the policy booklet.

dunstonh

You dont pay IPT on admin charges so in raskazz's case just under £12 of that £42 is increased premium due to increased risk. £2 is IPT. The rest is admin charge which will be around £28

nickmack

MarkyMarkD wrote: »

More Than - "up to £25.00"

Not sure under what circumstances More Than charge for amendments. I've made an address change, plus several vehicle and policy changes in the last year and never been charged at all.