Car insurance due in 23 days, what to do?

dllive

Hi guys,

My car insurance with Admiral expires on 15 June.

Ive been on the comparison websites and I can get the same cover for £147 with Aviva. For the current year I paid Admiral £176 (after haggling them down from £210).

Im expecting a renewal email from Admiral in a couple of days with their quote.

1) Should I wait until theyve sent me a quote and then phone them to say that I can get the equivalent with Aviva for just £147?

2) If they dont reduce their quote accordingly and I decide to go with Aviva, is it straightforward to do so? (ie: is it much hassle)

Thanks

la531983

£147 for car insurance?!?!?!?! What are you driving?

dllive

la531983 said:

£147 for car insurance?!?!?!?! What are you driving?

Skoda Fabia. I do have 27 years no claims and high excesses. TBH I thought most people paid about the same, absolutely horrified when my partner told me last week she pays £900pa on her car insurance!!

la531983

There is no such thing as 27 years no claims tbf, max any provider will account for is 10. But even so, £147 is dirt cheap.

No, people dont defo pay the same lol. I suspect you are in the cheapest 0.1% in the country.

dllive

I always thought it was the small car, low annual mileage, no claims and high excess that kept it so low. Im pretty sure I havnt erroneously filled anything in that would make it so low.  I didnt realise Im in the 0.1% !

la531983

dllive said:

I always thought it was the small car, low annual mileage, no claims and high excess that kept it so low. Im pretty sure I havnt erroneously filled anything in that would make it so low.  I didnt realise Im in the 0.1% !

https://www.gocompare.com/car-insurance/guide/how-much-does-car-insurance-cost/

dllive

Thanks @la531983 . Reading that article, I suppose I am fortunate in where I live (Devon); have no claims, small car, low mileage etc...

DullGreyGuy

dllive said:

I always thought it was the small car, low annual mileage, no claims and high excess that kept it so low. Im pretty sure I havnt erroneously filled anything in that would make it so low.  I didnt realise Im in the 0.1% !

Depends on how high the excess is, tends to be a U shaped curve where when you get to very high excesses premiums go back up again because of the negative selection from the type of person that agreed to a £2,000 excess etc. 

Oddly, possibly, for some insurers the cheapest option is £0 excess, again likely to reflect more on the type of person that selects this than anything. £635 is the average uk car insurance premium in Q1 this year. 

subjecttocontract

We have 3 and pay £279, £408 & £1135 pa for car insurance....£147 sounds like a steal.

akira181

1) Doesn't matter. If you call, they can find your renewal price then and there. Might be cheaper than Aviva, unlikely though as it's insanely cheap already. I imagine they would match it.

2) Aviva is fairly easy to go with. All they might ask for is proof of NCB, which the previous insurer should state in a letter or on the renewal quote. Aviva will accept either as proof, or at least they did for me in the past.

£147 is insanely cheap. I have 6 years NCB and I paid 550ish last year and need to renew next month.

Now I'm getting quotes for 900ish, and that's with an additional year NCB, never had a speeding/parking ticket in my life, my annual mileage dropping from 10k to 7k, and a £250 excess.

Converting my EU license to a UK one would save me £50 but still, an extra £250 for doing less miles and not claiming is outrageous. Insurance is broken.

dllive

Thanks guys. Youve now made me think that my premium is suspiciously cheap. (ie: Ive filled something in wrong). But I cant think what. Each year I put in the same details (I obviously do have a quick check to make sure its all correct).