I must be doing something wrong - re car insurance

dr_moomoo

I've never, ever been able to save money by going to another insurance provider. I've not been able to beat anyone down, and while some options are cheaper than my current provider, they demand a deposit if I am going to pay monthly (the only way I can afford to) - which ups the cost of the overall policy anyway, so I wouldn't save any money!

As my renewal is coming up next month, I'd be interested to know if anyone else has this problem, or if I am simply doing something wrong.

Thanks!

custardy

so on confused.com your current provider is cheapest?
do you have anything like bans,points etc?

dr_moomoo

It's not necessarily cheapest on the comparison sites, but when I actually look at the quotes individually, they all wind up with some sort of a deposit or other, which pushes the price up, as I can't afford to pay it all in one fell swoop. I never wind up with anythign cheaper. I've not got any bans, points, etc andhave about 7 years no claims.

custardy

well i went with the AA for the same reason,not the cheapest but a very low deposit in comparison.
however i was pushed for time and quidco was down at the time.
IIRC i could have got £75 cashback on my policy thus making it the cheapest

dr_moomoo

What does cashback mean? I don't understand the idea of it? Sorry to sound thick!

Insurance_Advice

Hello Dr_moomoo

Unfortunately all insurers will charge you extra for paying on instalments. However different insurers have different A.P.R.s if you choose to pay this way and this is something you could take into consideration to help to lower you monthly instalment.

With 7 years no claims discount, there is a good chance that you can find cheaper insurance at renewal time, but you will have to put the time in to search it out, it's never simple. Good luck.

Insurance_Advice

dr_moomoo wrote: »

What does cashback mean? I don't understand the idea of it? Sorry to sound thick!

Don't apologise dr_moomoo, you're not the only one that doesn't understand the idea of cashback.

For example, the Post Office is offering £50 cashback at the moment. This means that if your premium was £250, then they will offer you £50 cash back, thus making your actual premium £200. You would pay £250 to the Post Office and then you usually have to wait a stipulated amount of time for your £50, I think it's around 60 days with the Post Office but it is a good deal.

It's always worth ensuring that you only use reputable cashback companies. From my experience the Post Office cashback scheme is one of the better ones. They have been conducting this offer, on and off, for a couple of years now and I've never heard of any complaints of customers not being paid out.

Quentin

dr_moomoo wrote: »

What does cashback mean? I don't understand the idea of it? Sorry to sound thick!

Checkout quidco's website.

If you buy insurance via their site they will pay you cashback which varies eg. £100 (Privilege), £90 (AIG), £80 (Legal & Gen), £75 (Lloyds tsb & Pru) and lots more.

dr_moomoo

Thanks very much for all your replies. I don't mind putting in the time to search, but I started giving up when I didn't find anything cheaper! I have been with Direct Line since I first started driving so I must be getting something wrong.

dr_moomoo

I've gone through all the sites and have found a good deal through Quidco which means i get £70 cashback from More Than. Does that actually happen *cynic hat on*? I'll go for it anyway as it's a good deal, but is there anything I have to do (apat from signing up with Quidco and then buying the policy through their site) in order to make sure I get the cashback?

**woody123**

dr_moomoo wrote: »

I've gone through all the sites and have found a good deal through Quidco which means i get £70 cashback from More Than. Does that actually happen *cynic hat on*? I'll go for it anyway as it's a good deal, but is there anything I have to do (apat from signing up with Quidco and then buying the policy through their site) in order to make sure I get the cashback?

If you click your earnings tab you should be able to see if the transaction has been tracked, it usually takes about 3 months for you to get your money...

You do have to be patient if indeed it has been tracked and if not i'm afraid you may have to e-mail quidco..

P.S Make sure you have put your paypal acc info or your bank details so that they can pay you..