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  • FIRST POST
    • Former MSE Paloma
    • By Former MSE Paloma 3rd Jun 15, 2:34 PM
    • 526Posts
    • 245Thanks
    Former MSE Paloma
    MSE News: 'We challenged our car insurer mid-policy - it was £40/month, now £16'
    • #1
    • 3rd Jun 15, 2:34 PM
    MSE News: 'We challenged our car insurer mid-policy - it was £40/month, now £16' 3rd Jun 15 at 2:34 PM
    Warning: It's predicted car insurance prices are about to spiral up 10%. Urgently check if you can lock in cheaply ...

    Read the full story:

    'We challenged our car insurer mid-policy - it was £40/month, now £16'




    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.

Page 1
    • Quentin
    • By Quentin 3rd Jun 15, 3:57 PM
    • 40,482 Posts
    • 24,574 Thanks
    Quentin
    • #2
    • 3rd Jun 15, 3:57 PM
    • #2
    • 3rd Jun 15, 3:57 PM
    Read the full story:

    'We challenged our car insurer mid-policy - it was £40/month, now £16'

    Originally posted by MSE Paloma
    The "full story" takes some believing:


    As Andy tweeted: "You gave us the confidence to challenge our insurance mid-policy. It was £40/month, now it's £16 Ė thanks. We didn't take no for an answer." Ė £288/year saved.



    Andy may mistaken!


    He claims by being bolshi mid-policy he got his insurer to reduce his premium by £24 a month.


    Then claims his bolshi behaviour realised a saving of £288. So his maths are questionable (£288 = a full year of saving £24/month)


    And insurers are just not going to reduce your premium mid term by 60%.


    Did you check out Andy before publishing?
    • robbies_gal
    • By robbies_gal 3rd Jun 15, 4:06 PM
    • 7,678 Posts
    • 152,147 Thanks
    robbies_gal
    • #3
    • 3rd Jun 15, 4:06 PM
    • #3
    • 3rd Jun 15, 4:06 PM
    i didnt even know you could reduce a policy mid term
    What goes around-comes around
    • KTF
    • By KTF 3rd Jun 15, 4:08 PM
    • 4,745 Posts
    • 1,945 Thanks
    KTF
    • #4
    • 3rd Jun 15, 4:08 PM
    • #4
    • 3rd Jun 15, 4:08 PM
    "We didn't take no for an answer."

    Given that you can cancel your policy mid term for a fee, the insurance company wasn't going to say no anyway. Still, it makes a good headline.

    Plus it would be interesting to know what the cancellation fee was and 'Andys' full calculations as, pointed out above, the maths dont add up.
    • KTF
    • By KTF 3rd Jun 15, 4:09 PM
    • 4,745 Posts
    • 1,945 Thanks
    KTF
    • #5
    • 3rd Jun 15, 4:09 PM
    • #5
    • 3rd Jun 15, 4:09 PM
    i didnt even know you could reduce a policy mid term
    Originally posted by robbies_gal
    You dont. You cancel your existing one (a charge may apply) then you take out a new one at a (hopefully reduced) cost.

    Cancelling mid term may also null any NCB you have collected for the year as it would not be a full years NCB.
    Last edited by KTF; 03-06-2015 at 4:14 PM.
    • Herzlos
    • By Herzlos 3rd Jun 15, 4:11 PM
    • 10,762 Posts
    • 10,642 Thanks
    Herzlos
    • #6
    • 3rd Jun 15, 4:11 PM
    • #6
    • 3rd Jun 15, 4:11 PM
    i didnt even know you could reduce a policy mid term
    Originally posted by robbies_gal
    You can't, you pay a fee to cancel it (losing that years NCB) and take out a new policy. It's maybe worth the hassle for a huge reduction but it seems to be a bit of a stretch.
    • robbies_gal
    • By robbies_gal 3rd Jun 15, 4:18 PM
    • 7,678 Posts
    • 152,147 Thanks
    robbies_gal
    • #7
    • 3rd Jun 15, 4:18 PM
    • #7
    • 3rd Jun 15, 4:18 PM
    thanks dont think i'll bother
    What goes around-comes around
    • Herzlos
    • By Herzlos 3rd Jun 15, 4:31 PM
    • 10,762 Posts
    • 10,642 Thanks
    Herzlos
    • #8
    • 3rd Jun 15, 4:31 PM
    • #8
    • 3rd Jun 15, 4:31 PM
    It'd only be worth if it your circumstances changes in a significant manner, or you'd always just auto-renewed your quotes. But it seems largely pointless as any money savvy customer will probably not be able to save more than the cancellation fee.
    • rudekid48
    • By rudekid48 3rd Jun 15, 5:00 PM
    • 2,158 Posts
    • 3,655 Thanks
    rudekid48
    • #9
    • 3rd Jun 15, 5:00 PM
    • #9
    • 3rd Jun 15, 5:00 PM
    Following this advice will send people scurrying to a price comparison site, such as money supermarket............... who is it that owns MSE again?


    Obviously this wonderful advice is given purely for the benefit of the consumer........
    All matter is merely energy condensed to a slow vibration, we are all one consciousness experiencing itself subjectively, there is no such thing as death, life is only a dream, and we are the imagination of ourselves.
    • AdrianC
    • By AdrianC 3rd Jun 15, 5:33 PM
    • 27,491 Posts
    • 27,666 Thanks
    AdrianC
    I wonder if you lot above have actually read the article?

    It's quite clear that they're talking about cancelling the policy part-way through a year. They also give an "order" of comparison engines with MSM listed third - then talk about the companies and products comparison engines don't list.

    I think you're being a bit harsh, tbh.
    • arcon5
    • By arcon5 3rd Jun 15, 6:32 PM
    • 13,681 Posts
    • 8,656 Thanks
    arcon5
    I wonder if the risk posed by the category he was in rose significantly or he declared a ticket part way in what he'd say if they challenged his policy price and didn't take no as an answer to an increase
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