Bell Direct 14 day cancelation fee charges: What will I pay?

Car_54

chicoe wrote: »

So to confirm, £25 is all that I will be losing? If that's the case, fantastic!

Fantastic = "Imaginative or fanciful; remote from reality" (Oxford English Dictionary)

£25 is an admin fee to cover the cost of setting up the policy.

If that's all they charge, they will have insured you for nothing, which is not a good business model. They will almost certainly also charge for the time you were insured, which works out at about £20 a day.

Foxy-Stoat_3

InsideInsurance wrote: »

That is exceptionally expensive, how young are you/ bad your history/area is??

I have a 4.5L engine, faster and better acceleration with a newly qualified driver and pay less a year than you are a month



Want an accurate figure? Call Bell and check, use saynoto0870.co.uk to get a more favourable number to call.

https://forums.moneysavingexpert.com/discussion/5054843

OP is 20/21, getting a loan for £11,000 to buy this R32 VW (250ish HP)....by the looks of the other threads, never driving on a motorway before....hides for cover!

https://forums.moneysavingexpert.com/discussion/5055532

notanewuser

They will charge for the time on cover. And cancelling after a week or so will probably flag him up for even higher premiums in the future.

A 20 year old, living in Birmingham, with a powerful, status-symbol hot hatch is utter madness, and that's why the quotes reflect that.

OP, back out of this purchase now, buy a more suitable car and try again in 5 years.

chicoe

BeenThroughItAll wrote: »

This isn't going well, is it?
What are you going to do when you've cancelled the insurance with Bell Direct? Drive the car uninsured? Front it with your Mum? Park it in an air-conditioned garage for a couple of years?

My mum does not drive. The car is going to be sorn until January. Which it will be then insured for a full year. I would never risk driving without insurance.

InsideInsurance wrote: »

That is exceptionally expensive, how young are you/ bad your history/area is??

I have a 4.5L engine, faster and better acceleration with a newly qualified driver and pay less a year than you are a month

Want an accurate figure? Call Bell and check, use saynoto0870.co.uk to get a more favourable number to call.

Exceptionally expensive indeed. I tried both my parents house, B90, DY9, about both similar prices. Strange as they are decent postcodes.

20, 2 years NCB, no claims, me main driver, 2 named drivers, one driven over 13 years, 34 year old, one driven 11 years, 29 years old, low risk jobs.

Will try some prestiege insurers.

Car_54 wrote: »

Fantastic = "Imaginative or fanciful; remote from reality" (Oxford English Dictionary)

£25 is an admin fee to cover the cost of setting up the policy.

If that's all they charge, they will have insured you for nothing, which is not a good business model. They will almost certainly also charge for the time you were insured, which works out at about £20 a day.

Hmm, £20 a day is not to bad, a temp cover would mostly likey be tripple that.

Will call up to confirm exact price anyway.

chicoe

notanewuser wrote: »

They will charge for the time on cover. And cancelling after a week or so will probably flag him up for even higher premiums in the future.

A 20 year old, living in Birmingham, with a powerful, status-symbol hot hatch is utter madness, and that's why the quotes reflect that.

OP, back out of this purchase now, buy a more suitable car and try again in 5 years.

Flag up for even higher premiums in the future? In what way?

Foxy-Stoat_3

notanewuser wrote: »

They will charge for the time on cover. And cancelling after a week or so will probably flag him up for even higher premiums in the future.

How will they "flag him up" if the OP cancels the policy?

According to the policy documents they get a 100% refund if cancelled within 14 days and have no accidents.

Foxy-Stoat_3

chicoe wrote: »

Flag up for even higher premiums in the future? In what way?

Wouldn't worry about it, its just a MSE comment!

chicoe

Foxy-Stoat wrote: »

Wouldn't worry about it, its just a MSE comment!

So it's an complete baseless non factual comment then?

notanewuser

Foxy-Stoat wrote: »

How will they "flag him up" if the OP cancels the policy?

According to the policy documents they get a 100% refund if cancelled within 14 days and have no accidents.

Bell is part of the Admiral group, which keeps every single record, even job title changes on quotes/mileage etc from people trying to bring prices down. Not much of a stretch to spot that a high risk policy holder takes out a policy for a new car and then cancels once the cover note has done its job. And then add a loading for that extra risk.

notanewuser

chicoe wrote: »

So it's an complete baseless non factual comment then?

Not if your IT consultant husband does work for them! I also know plenty of people that work there.