Stressed Car Insurance

gletley

Gloomendoom wrote: »

I'm paying just over £200 fully comp, protected no claims for a modified Chrysler 300C, including business use.

Surely a bog standard Corsa must be cheaper to insure.

Who are you with and does it include no claims protection by uninsured drivers. Our excess is £80 if we make a claim and that includes a new window screen.

ceredigion

gletley wrote: »

We purchased a Vauxhall Corsa this year £600, 2004 reg. Before that we had a Ford Mondeo Estate 2002, which had serious problems and was not worth the cost of repair, but the insurance was really low for full comp.

The insurance renewal has come through at £345 for the year, full comp, which also covers a courtesy car and uninsured drivers, which seem to be on the increase. We've been told Vauxhall parts cost more to replace and insurance for a Ford would be cheaper?

We have searched on line and all the quotes come out at roughly the same for full comp.

We are a retired couple, no claims for over six years and do approx 5000 miles a year.

Is it worth going for third party, fire and theft instead, as the car is only worth £600?

gletley wrote: »

We were paying £190 for full comp on the Ford Focus Estate reg 2002, now we are paying £345 for the Corsa design, full comp. Bit of a shock to say the least, I know that car insurance has gone up, but that is a bit choking. We've been told a lot of the increase is due to smash for cash claims and whiplash neck claims as well, unfortunately, as the insurers said, a lot of the claims are false, but they have to take people at their word.

Big difference.

Gloomendoom

gletley wrote: »

Who are you with and does it include no claims protection by uninsured drivers. Our excess is £80 if we make a claim and that includes a new window screen.

LV

The no claims protection maintains the NCD for any number claims. Fault or non-fault.

My excess is £250. I'm unlikely to make a claim for anything less than £500.

System

gletley wrote: »

We purchased a Vauxhall Corsa this year £600, 2004 reg. Before that we had a Ford Mondeo Estate 2002, which had serious problems and was not worth the cost of repair, but the insurance was really low for full comp.

The insurance renewal has come through at £345 for the year, full comp, which also covers a courtesy car and uninsured drivers, which seem to be on the increase. We've been told Vauxhall parts cost more to replace and insurance for a Ford would be cheaper?

It is right. It is because the Corsa is a boy racer car, not the cost of repairing at that value. My 19 year old son found it was £500 cheaper to insure a 2 litre Ford Mondeo Estate than the 1.2L Ford Fiesta which he'd just blown the engine on.

System

Gloomendoom wrote: »

LV

The no claims protection maintains the NCD for any number claims. Fault or non-fault.
.

NCD protection is somewhat of a con and if you've more than several years NCD is not worth paying for. Many people mistakenly believe it means their insurance won't go up if they have a claim. It will, it is just that you'll retain the percentage discount on whatever the quote would be with no NCD.

AdrianC

Tarambor wrote: »

It is right. It is because the Corsa is a boy racer car, not the cost of repairing at that value.

For young drivers, yes - a Corsa is probably more expensive because of higher claims from that type of driver.

For OAP drivers, like the OP, there may be a high correlation with older drivers who are starting to lose their spatial awareness, so have changed to a small car because it's "easy to park", leading to a lot of relatively low-value parking damage claims.

For middle-aged drivers, Corsas may well be low-risk (so long as there's not a younger family member also covered).

Insurers work to a high degree of granularity with their actuarial statistics.

Gloomendoom

Tarambor wrote: »

NCD protection is somewhat of a con and if you've more than several years NCD is not worth paying for. Many people mistakenly believe it means their insurance won't go up if they have a claim. It will, it is just that you'll retain the percentage discount on whatever the quote would be with no NCD.

I am well aware of what it covers. It states quite clearly on my policy document that the actual premium may go up following a claim/accident.

Quentin

Tarambor wrote: »

NCD protection is somewhat of a con and if you've more than several years NCD is not worth paying for. Many people mistakenly believe it means their insurance won't go up if they have a claim. It will, it is just that you'll retain the percentage discount on whatever the quote would be with no NCD.

It isn't until you make a claim that the advantage of protection comes into play

As you point out your premium inevitably rises.

But retaining your Ncd means you pay considerably less than you would if you didn't have protection!

Do dummy quotes with a claim in your recent history with 5 years NCD and with 3 to see the savings protection would give you.

gletley

I've discussed with Saga the high price and have been told that the price is high due to the fact we have zero excess to pay, so if anything happens, we don't have to pay a penny towards the claim. I also got some quotes from a number of other car insurance, quite surprised to find that if we pay excess, even though I am a named driver with my husband being the main driver, the companies would expect excess payment from both of us, i.e £100 would be £200 to pay. I wonder how many other people know about that.
But we will be looking towards buying another cheap car after September, with a lot cheaper full comp.
The stupid thing is, we've not made a claim in 10 years and was due to someone else hitting our car, while parked in a store car park in the snow, of course they never left a note, such nice people!

bigadaj

gletley wrote: »

I've discussed with Saga the high price and have been told that the price is high due to the fact we have zero excess to pay, so if anything happens, we don't have to pay a penny towards the claim. I also got some quotes from a number of other car insurance, quite surprised to find that if we pay excess, even though I am a named driver with my husband being the main driver, the companies would expect excess payment from both of us, i.e £100 would be £200 to pay. I wonder how many other people know about that.
But we will be looking towards buying another cheap car after September, with a lot cheaper full comp.
The stupid thing is, we've not made a claim in 10 years and was due to someone else hitting our car, while parked in a store car park in the snow, of course they never left a note, such nice people!

Saga have a poor reputation for many of their financial products, often an abuse of trust being as they are only for older people.

I don't think you've got that right about the excess, never heard anything like that. So do you pay two excesses for one driver but only one if the other has an accident?