Potential insurance write off - old car

rajeshk4u

Car insurance companies are crooks.

Yes, your car is worth £500, but it is a car that you know well and that you have looked after and maintained.

If your bought someone else's £500 car, it is n' the same thing, it won't drive the same, it won't feel the same, it won't have the same wear and tear. It may have other other wear and tear, such as cigarette butts burns or something.

I can't explain my point well. I will quite happily wear a pair of shoes for 5 or 6 years, but if they were damaged, I would not wear another persons 5 year old shoes. They are not the same things. It is the same with cars, we become oblivious to the wear and tear of our own car, but it is n't the same as accepting someone else's wear and tear. I have not explained this so well, but if someone can re-phrased it for me....

I wish for older cars, car insurance companies had "fixed" valuations when you take out a quote. My car might have a market value of £500, but its loss is worth £2,000 to me...... Let them charge premiums according to customer valuations.

Aylesbury_Duck

rajeshk4u wrote: »

Car insurance companies are crooks.

Yes, your car is worth £500, but it is a car that you know well and that you have looked after and maintained.

If your bought someone else's £500 car, it is n' the same thing, it won't drive the same, it won't feel the same, it won't have the same wear and tear. It may have other other wear and tear, such as cigarette butts burns or something.

I can't explain my point well. I will quite happily wear a pair of shoes for 5 or 6 years, but if they were damaged, I would not wear another persons 5 year old shoes. They are not the same things. It is the same with cars, we become oblivious to the wear and tear of our own car, but it is n't the same as accepting someone else's wear and tear. I have not explained this so well, but if someone can re-phrased it for me....

I wish for older cars, car insurance companies had "fixed" valuations when you take out a quote. My car might have a market value of £500, but its loss is worth £2,000 to me...... Let them charge premiums according to customer valuations.

There's nothing stopping you from trying to insure your car so that you get £2,000 in the event of its loss. Speak to a broker to see how it can be done.

Alternatively, if you practice bangernomics (I do as well), self-insure on top of a regular policy. Put the money that you're saving by not running a newer car aside each month to build a pot that can buy you a £2,000 car when your £500 car goes pop or is written off.

caprikid1

Insurance companies will do everything possible to pay out the bare minimum. I dealt with Direct Line recently when one of their insured drivers ran into the back of me at speed on a motorway.


They lied, bullied both myself, repair companies etc . It was a horrible experience both during the accident but actually worse after dealing with these crooks. I was left out of pocket considerably.


The insurance company will not pay for 10K of repairs for a £1K car. Why should they pay 10K out for a car worth 1K. Putting you back in the position you were pre accident is to give you enough money to replace the car like for like.


I know if you have had a car a long time its "Worth more to you" but that's not the insurance companies valuation. Provide lots of eBay / auto trader equivalents and see what they offer.


Ultimately you will be out of pocket in terms of time if nothing else.


Good luck.