Any experience with temporary insurance from Privilege ?

BiggaThanBen

Just wonder how much it could cost.

E.g. if am buying a new car and keeping the old one till it is sold how much extra would I pay roughly for a month (the current policy is £250 annualy, to make it easier assume the car that I am buying is exactly the same as the current one).

Also do you pay the amendment fee only once in this case ?

Considering whether to part-exchange the old car and potentially lose £1-2K or sell it privately..

InsideInsurance

What are you considering doing? Buying a standalone temporary policy on it or adding it to your existing policy as a temporary additional vehicle?

For a standalone policy there are no admin fees but the rates are much higher than an annual policy.

For a TAV amendment you pay an admin fee per time you make an adjustment so if you have to add it on a second time because the first runs out before you've sold it then a second fee would be payable.

BiggaThanBen

the latter
How much is admin fee and how much would be the temporary cover roughly, as percentage of the current premium ?

InsideInsurance

Its been years since I was with Privilege. I think there admin fee is something like £30.

When I added a TAV for a couple of weeks the charge for the TAV itself was minimal, under £5. How many drivers you have on your policy does impact the cost. If you have an insured only driver then the impact is small as you can only drive 1 car at a time. If you have multiple drivers then premiums can be more as both vehicles could be out on the road at the same time.

Ultimately, call them, they'll do a quote