Is it worth insuring fully comp If you have to pay £800 towards all repairs?

Gobsh

Is it worth insuring fully comp If you have to pay £800 towards all repairs?

With £250 insurance premium
+ £250 voluntary excess
+£100 compulsory excess
+£200 for using your own repairer

Herzlos

It depends on how expensive your car is and how it impacts the annual premium.

It could still work out cheaper than 3rd party fire & theft whilst being essentially the same thing but with added cover like windscreen or driving other cars.

Edit: How do you get to £800 though? That's only £350 or £550 assuming you don't use their repairer (why not use theirs?)

are you adding the premium to the excess?

Bigphil1474

Depends on your car. If it's a reasonably high value car, where repair bill could be £1000's, then probably yes. If it's a low value car, then probably not.

Not sure why you'd pay £200 to use your own repairer? Maybe I'm missing something. 
Not sure what the £250 insurance premium relates to, but would you pay that every time? 
In reality you'd be paying £350 excess at your insurers approved repairer.

In my experience, TPF&T isn't always that much cheaper than fully comp. so always worth comparing for both if you are happy either way. I only pay £212 for fully comp. with protected NCB, so can't see me getting TP much cheaper.

400ixl

3rd Party is often more expensive than fully comp these days anyway, so that needs to be considered.

You would need to have a car of a value of less than £1k to make the risk worthwhile really as the excess would need to be near to the write off value for you not to be out of pocket.

With a car value so low, why would you want to use your own repairer, you not only pay more, but also do not get the guarantees' you get with the insurer approved.

You could reduce the voluntary excess which will increase the policy amount, but not by anywhere the same amount, means you pay more if you don't claim, but less if you do, so its a risk judgement.

What is the value of the car being insured, and why do you not want to use the recommended repairer if there is a need?

facade

As above, if the car is worth less than £2000 or so, then anything more than a tiny scratch is going to write it off, so there would be no question of using your own repairer, and you'd get £1650 back (on a £2000 car)

Unless the 3PF&T is hundreds cheaper, stick with fully comp, especially if you car is worth more than £2000.

Ectophile

Voluntary excess is often a con by the insurance companies. Try setting it to zero when getting quotes. The difference in premium may be surprisingly small. I have even known it to make no difference.

JohnnyB70

I agree with the above, it depends.

I don’t normally get offered anything other than fully comp on my cars because of the value, but I’d choose it anyway as I’ve some quite expensive cars.

I had my motorbikes on a third-party only policy for a couple of years after some thefts, as otherwise the premium was just too much. I’m back in fully-comp again now.