Car Insurance Article Discussion

p1an0player

I've received my renewal notice. There are a couple of tweaks I want to make about the information they hold, not major things at all.

But I'm worried if I phone and tell them this, they will take them as amendments to the current year's policy and charge me an amendment fee!

What shall I do? Just change insurance company and avoid the problem?

mushypeaman

In this article http://www.moneysavingexpert.com/insurance/cheap-car-insurance-tricks the following statement is made.

"Fully Comprehensive
This is the widest level of cover and therefore the most expensive. The big advantage is if you have an accident and it was your fault you will be able to claim the cost of repairing your own car as well as those of the other drivers.
The cover also includes accidental damage and vandalism, for example if somebody causes damage to your car when it is parked in the street and they then drive off. Plus you'll be able to drive hire cars or other people's cars if you have their permission, although this will probably only be Third Party."

I think this is misleading. I have always had Third Party Fire & Theft insurance, and this has always contained the provision to drive other people's cars with Third Party cover.

e00c

hey guys,

not sure if this has been posted... there's too many pages to read! lol

Firstly, use the price comparison websites - They give the best deals. (cash back etc)

Also - - If it's a young driver (male)... it tends to be over the top for costs!

Get around this by putting one of your parents as the MAIN driver.

Name your self as the second driver..... (2 lots of insurance.. but it's cheaper!)

It cost me £30 for the year to get put on my g/f's car.


They did want to charge £35 admin charges.... (this is all done online).... I rang them up, threatened to leave... my argument was...

"What admin charges?! It's done by a computer. let me speak to your supervisor".... they came back, offered to add windscreen cover and wipe the admin charge. Result!

Being named as a second driver doesn't limit you how much you can drive the car by the way! (however.... some insurance companies don't offer no-claims for 2nd drivers... check this out before hand!)

johnado

After trying all the suggestions on the site I recently discovered and used largely by accident a comparison site quotemequickly.com (it appears to be a brokers site lloyd latchford) but it seems to do exactly what it says on the tin and could be extremely usefull to others - firstly it is extremely quick - prices are from a range of insurers and are competitive.

It does not use existing no claims bonus entitlement - but discounts hence useful for drivers or for an additional car without bonus - and any existing bonus can still be used elsewhere.

Does not offer protection of no claims - but does offer guarantee of premiums for 3 years.

Only asks for claims and conviction info for the preceeding 3 years unlike most sites which request 5 years and is only interested in claims history where proposer was at fault.

And offers monthly direct debit at a dicount to anual lump sum.

Takes some beating in my mind !

gregwa1983

I’ve just gone and got a new quote for my car that came up £120 cheaper than my current price. so I rang up Norwich union my current policyholder who i've been with for 5 years and the fella on the phone said that they don’t compete with others companies until my policy is due to expire in may. I asked if there is any thing he could do and he said no. so hear are my questions to any one with an answer, could I leave Norwich union before may and go with the cheaper company or would they charge me, or should I say that to them to try and jeer them up into matching the price.

any help would be good thanks

rudekid48

e00c wrote: »

hey guys,

not sure if this has been posted... there's too many pages to read! lol

Firstly, use the price comparison websites - They give the best deals. (cash back etc)

Also - - If it's a young driver (male)... it tends to be over the top for costs!

Get around this by putting one of your parents as the MAIN driver.

Name your self as the second driver..... (2 lots of insurance.. but it's cheaper!)

It cost me £30 for the year to get put on my g/f's car.


They did want to charge £35 admin charges.... (this is all done online).... I rang them up, threatened to leave... my argument was...

"What admin charges?! It's done by a computer. let me speak to your supervisor".... they came back, offered to add windscreen cover and wipe the admin charge. Result!

Being named as a second driver doesn't limit you how much you can drive the car by the way! (however.... some insurance companies don't offer no-claims for 2nd drivers... check this out before hand!)

:eek: :eek: Anyone who follows this advice needs their head feeling !! :eek: :eek:

Before anyone is tempted, just search the word FRONTING on the rest of this site...............

de_Sales

Quentin wrote: »

... You may be able to accept an excess which is higher than your car is worth, making the comprehensive quote cheaper than a third party one.

[1] Car worth £250. Excess is £1000 (to reduce the premium)

Is payment of the £1000 excess required in the case of a 3rd party claim for say £4 million?


[2] Suppose the car is 21 years old but still goes beautifully. In the event of an accident resulting in a 3rd party claim for say £4 million, could the Insurance company argue it was only worth £50 (not £250) and so the policy is void?

How does one set the worth of such an old car to forestall any wriggling out?

Quentin

1) No

2) The car should be insured for its market value.

de_Sales

If only a car dismantler is willing to purchase, and they'll only offer a value below a value that attracts any insurance quotes, then there is no other route to insurance?

Even if the dismantler gave a big enough value, could the insurer still wriggle out of a £4 million payout by saying a dismantler's value is not a market value?

If I bought the car for a high enough value (£250) instead of accepting it as a gift, I don't suppose that would be a market value (with £4 million at issue)?

Quentin

Agree the value when you take out the insurance (special policies are available for old cars which are difficult to value).

You confirm the condition of the old car with photos.