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  • FIRST POST
    • lloydyyy
    • By lloydyyy 11th Aug 18, 7:55 PM
    • 360Posts
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    lloydyyy
    Car insurance renewal time
    • #1
    • 11th Aug 18, 7:55 PM
    Car insurance renewal time 11th Aug 18 at 7:55 PM
    My car insurance is up for renewal. Direct Line have offered a renewal price of 286, which includes legal cover and protected NCD. Guaranteed hire car cover is included as standard.

    I had a look elsewhere and LV were competitive:
    • Standard policy: 260 - 21 cashback = 239
    • With protected NCD: 276 - 21 cashback = 255
    • With legal cover and protected NCD: 301.03 - 21 cashback = 280
    • With legal cover, protected NCD and guaranteed hire car cover: 320.93 - 21 cashback = 299.93
    LV said that if I don't choose the hire car cover and mine is written off, then I wouldn't be provided with a hire car. My car came close to being written off in 2015 and I added the cover with the LV quote, just in case. Plus, my car is about 10-years old and so it would be at a greater risk of being written off.

    Is it worth having protected NCD (currently have 10 years), legal cover and hire car cover? I used my legal cover for a non-fault claim a few years ago for personal injury and to fight the third party in proving the incident wasn't my fault (even though I was hit from behind). I suppose it's one of those things that you don't realise the importance of until you need it.
    Last edited by lloydyyy; 11-08-2018 at 8:18 PM. Reason: Clarity
Page 1
    • Quentin
    • By Quentin 11th Aug 18, 8:50 PM
    • 38,007 Posts
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    Quentin
    • #2
    • 11th Aug 18, 8:50 PM
    • #2
    • 11th Aug 18, 8:50 PM
    Your legal cover probably saved you 25% of your compensation payment, so presumably you are quids in on that already - but all this is your decision


    If you have a fault claim you will likely go down to 3 years NCD with no protected NCD


    Do dummy quotes online with 10 and 3 years NCD (and a claim in your history) to see what difference it makes to give up the protected NCD
    • lloydyyy
    • By lloydyyy 11th Aug 18, 10:52 PM
    • 360 Posts
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    lloydyyy
    • #3
    • 11th Aug 18, 10:52 PM
    • #3
    • 11th Aug 18, 10:52 PM
    Do dummy quotes online with 10 and 3 years NCD (and a claim in your history) to see what difference it makes to give up the protected NCD
    Originally posted by Quentin
    Good idea. Interestingly, Zenith came out the cheapest at 353 with the same excess, hire car cover, protected NCD and legal cover. That was with 3-years NCD.

    I ran another quote with 10-years NCD. Hastings came out at 340 with the same excess, protected NCD, hire car cover and legal cover.


    There's very little difference between the quotes despite a 7-year NCD difference. Work that one out!
    Last edited by lloydyyy; 11-08-2018 at 10:56 PM.
    • Quentin
    • By Quentin 11th Aug 18, 10:59 PM
    • 38,007 Posts
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    Quentin
    • #4
    • 11th Aug 18, 10:59 PM
    • #4
    • 11th Aug 18, 10:59 PM
    You say very little difference in quotes - but you aren't comparing like with like! (Especially with hastings in the mix!)
    • lloydyyy
    • By lloydyyy 11th Aug 18, 11:02 PM
    • 360 Posts
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    lloydyyy
    • #5
    • 11th Aug 18, 11:02 PM
    • #5
    • 11th Aug 18, 11:02 PM
    I don't understand. I thought the quotes were like-for-like; same level of cover. It sounds like I've misunderstood.


    Edit: I re-ran the same quote with Hastings - 3-years NCD, protected NCD, legal cover and hire car cover - came to 420!
    Last edited by lloydyyy; 11-08-2018 at 11:07 PM. Reason: Added info
    • Quentin
    • By Quentin 11th Aug 18, 11:08 PM
    • 38,007 Posts
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    Quentin
    • #6
    • 11th Aug 18, 11:08 PM
    • #6
    • 11th Aug 18, 11:08 PM
    Some would say you get what you pay for - there is more to comparing insurers than just who is the cheapest!
    • lloydyyy
    • By lloydyyy 11th Aug 18, 11:12 PM
    • 360 Posts
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    lloydyyy
    • #7
    • 11th Aug 18, 11:12 PM
    • #7
    • 11th Aug 18, 11:12 PM
    Some would say you get what you pay for - there is more to comparing insurers than just who is the cheapest!
    Originally posted by Quentin

    Gotcha. The light bulb lit up moments after I replied when I originally said I didn't understand.

    Like-for-like with Hastings, there's a difference of 80. Protecting my NCD costs an extra 31.52 with 3-years NCD. Whereas protecting my 10-years NCD costs an extra 14.


    Edit: Did a comparison with LV. 3-years NCD (no option to protect) - 415.52. 10-years NCD (protected for an extra 15) - 333.34. Difference of 82.18. Surprising!


    I think I'll protect my NCD. It's peace of mind.
    Last edited by lloydyyy; 11-08-2018 at 11:28 PM. Reason: Added info
    • peter12345678910
    • By peter12345678910 12th Aug 18, 6:16 AM
    • 314 Posts
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    peter12345678910
    • #8
    • 12th Aug 18, 6:16 AM
    • #8
    • 12th Aug 18, 6:16 AM
    But if you do have an incident even a no fault one the insurance will still go up. I am no Eienstien but if you do a dummy 3 year ncb you also have to add a dummy incident with no potected ncb?

    I am sure you can't just take away 3 years you also have to give a dummy incident at a made up date.
    When you look into an abyss, the abyss also looks into you.

    Friedrich Nietzsche
    • DUTR
    • By DUTR 12th Aug 18, 9:25 AM
    • 11,504 Posts
    • 6,563 Thanks
    DUTR
    • #9
    • 12th Aug 18, 9:25 AM
    • #9
    • 12th Aug 18, 9:25 AM
    But if you do have an incident even a no fault one the insurance will still go up. I am no Eienstien but if you do a dummy 3 year ncb you also have to add a dummy incident with no potected ncb?

    I am sure you can't just take away 3 years you also have to give a dummy incident at a made up date.
    Originally posted by peter12345678910
    That's not the case for everybody.
    • lloydyyy
    • By lloydyyy 12th Aug 18, 10:43 AM
    • 360 Posts
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    lloydyyy
    I had a non-fault incident in 2015 which I left on the quotes when I checked prices with 3 and 10-years NCD.

    At the time of the incident my premium didn't increase, but on subsequent renewals I think I was subject to a small increase.
    Last edited by lloydyyy; 12-08-2018 at 10:44 AM. Reason: Spelling
    • FreddieFrugal
    • By FreddieFrugal 12th Aug 18, 10:55 AM
    • 1,704 Posts
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    FreddieFrugal
    I'm with Directline - renewed last month - my policy and my wife's.

    Their renewal price was the cheapest by far when I did comparison quotes. The other prices were higher than I had paid the previous year.

    There's was lower by about 50.

    Was very pleased - it's nice when your current insurer actually tries to compete for your custom rather than punish you with an overinflated price.
    Mortgage remaining: 42,260 of 77,000 (2.59% til 03/18 - 2.09% til 03/23)

    Savings target June 18 - 22,281.99 / 25,000
    • DUTR
    • By DUTR 12th Aug 18, 10:56 AM
    • 11,504 Posts
    • 6,563 Thanks
    DUTR
    I had a non-fault incident in 2015 which I left on the quotes when I checked prices with 3 and 10-years NCD.

    At the time of the incident my premium didn't increase, but on subsequent renewals I think I was subject to a small increase.
    Originally posted by lloydyyy

    Chances are the premium would have increased anyways, as inflation and other factors come into play eg insurance tax.
    • lloydyyy
    • By lloydyyy 12th Aug 18, 11:11 AM
    • 360 Posts
    • 58 Thanks
    lloydyyy
    I'm with Directline - renewed last month - my policy and my wife's.

    Their renewal price was the cheapest by far when I did comparison quotes. The other prices were higher than I had paid the previous year.

    There's was lower by about 50.

    Was very pleased - it's nice when your current insurer actually tries to compete for your custom rather than punish you with an overinflated price.
    Originally posted by FreddieFrugal

    I received my renewal and rang Direct Line to haggle on the price; I did the same last year and it paid off. This year they dropped the price by about 30, which made their renewal cheaper than LV's price even after cashback. This will be the third year I've been with Direct Line as they've been very competitive on price each time. They were brilliant a few years ago when I was involved in a non-fault incident - they handled everything brilliantly and the legal cover was magic.


    Curious to know if you opted for protected NCD and legal cover with Direct Line?
    Last edited by lloydyyy; 12-08-2018 at 11:12 AM. Reason: Grammar
    • EssexExile
    • By EssexExile 12th Aug 18, 11:36 AM
    • 3,273 Posts
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    EssexExile
    Are you sure the LV quote doesn't include a hire car? With ours a hire car is included but we pay extra for one of a similar size to our own car.
    Tall, dark & handsome. Well two out of three ain't bad.
    • lloydyyy
    • By lloydyyy 12th Aug 18, 11:39 AM
    • 360 Posts
    • 58 Thanks
    lloydyyy
    Are you sure the LV quote doesn't include a hire car? With ours a hire car is included but we pay extra for one of a similar size to our own car.
    Originally posted by EssexExile

    Positive. Guaranteed hire car cover is extra. I'd have a courtesy car as standard for repairs, but I'd need to select the extra cover to have a courtesy car if mine is a write-off. Direct Line includes this cover as standard but with LV it's an optional extra.


    Edit: I ran another comparison without my non-fault incident and it made no difference Hastings nor LV.
    Last edited by lloydyyy; 12-08-2018 at 8:07 PM. Reason: Added edit
    • FreddieFrugal
    • By FreddieFrugal 12th Aug 18, 8:32 PM
    • 1,704 Posts
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    FreddieFrugal
    Curious to know if you opted for protected NCD and legal cover with Direct Line?
    Originally posted by lloydyyy
    No, not on either policy.

    Price includes multi car discount.

    Was impressed that I didn't even have to haggle this year. They just offered the lowest price to start with.
    Mortgage remaining: 42,260 of 77,000 (2.59% til 03/18 - 2.09% til 03/23)

    Savings target June 18 - 22,281.99 / 25,000
    • lloydyyy
    • By lloydyyy 12th Aug 18, 9:46 PM
    • 360 Posts
    • 58 Thanks
    lloydyyy
    How come? Interested to know why.
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