2 Cars 1 insurance policy

[The German Flower Pot]

i need some advice

ive got my 2 cars

94 e320 coupe
95 e320 coupe



ive got 9 points

61 in a 50 (£60 & 3 points in oct 2004)
106 in a 70 (£200 & 6 points in jan 2005)



ive had 2 accidents

£1,500 claim in march 2004 (mum drove my car into my house on my insurance)
£14,000 claim in august 2005 (i drove my car into a lamp post)


so after taking that lot into consideration i need to put both my cars on 1 policy but norwich union want an extra £980 to add my car!

but my yearly policy for the 1 car is £305 fully comp, protected no claims and they want 3 times that to add the other car!!!

so ive herd some companies do 2 car policys and my insuranc eis up in october

any help would be great

 

[hawk20]

Well they clearly haven't made any money out of insuring you so far and some of them think that is the purpose of being in business. Joking apart, you could say you are pretty lucky that they haven't turned you down for insurance. Sounds a pretty reasonable deal to me, given the circumstances.

You could try Liverpool Victoria and Direct LIne; I have found both of them pretty reasonable. With Direct Line the named driver can earn their own NCB.

Failing that you could always try Confused.com and the AA who both scour a fair slice of the market looking for the best quotes.

 

[The German Flower Pot]

forgot to say im 36 and from passing my test in 1993 to 2005 id never had even a small dink but my mum was lerning to drive in my old car and the other accident was a wet car park and it had oil on it and i slid doing 20 ish head on into a lamp post ut they wrote it off as the front end of mercs are very expensive shame as it ws a lovly car

i usually try all them places but i was more looking for people who are in the same situation where they have got a good deal on insuring both thier cars on 1 policy

 

[hawk20]

forgot to say im 36 and from passing my test in 1993 to 2005 id never had even a small dink but my mum was lerning to drive in my old car and the other accident was a wet car park and it had oil on it and i slid doing 20 ish head on into a lamp post ut they wrote it off as the front end of mercs are very expensive shame as it ws a lovly car

i usually try all them places but i was more looking for people who are in the same situation where they have got a good deal on insuring both thier cars on 1 policy

Sounds like you had some bad luck. Can happen to anybody. If you explain all that, they should bear it in mind. Is there some major advantage in having both cars on the same policy?

 

[The German Flower Pot]

2 cars on the same policy i though was better as the car is group 17-18 and if i insured the other car afresh with a seperate company they want £1,100

so i though my company would insure the other car for the sme or less than the 1st car but aparantly not

so im trying to find 2 car or more households and who they go with and whats best to do

other way around it is whip bits off the engine of the turbo as i wont use it often so no one can nick it (its going to be parke on my driveway with the insured one behind it and both cars are cat 1 alarmed then when i want to use the turbo just change which car is on the policy for a month or 2

they love to make it soooooo hard

im still not decided on how much of the TT conversion to mention, i should declare it all but that will risk them tripling it, but if i make a claim they wont pay!

 

[Devonian]

im still not decided on how much of the TT conversion to mention, i should declare it all but that will risk them tripling it, but if i make a claim they wont pay!

Your quire correct there if you don't declare conversions then have an accident they wont pay out so you might as well not bother to insure it anyway.

On your other point of having two cars, your single car policy most likely covers you to drive another car not belonging to yourself (Usually only third party of road traffic rules) so you could register it in someone elses name. Though of course if you use it regularly it should really have it's own policy.

There was an ad in this months mercedes owner mag from peart (www.peart.co.uk 0845 604 4512 ) insurance stating "up to 65% discount for second car" I have no personal experience of them but might be worth a try

Andy

 

[hawk20]

other way around it is whip bits off the engine of the turbo as i wont use it often so no one can nick it (its going to be parke on my driveway with the insured one behind it and both cars are cat 1 alarmed then when i want to use the turbo just change which car is on the policy for a month or 2

they love to make it soooooo hard

im still not decided on how much of the TT conversion to mention, i should declare it all but that will risk them tripling it, but if i make a claim they wont pay!

They are not making it hard. They have lost money on insuring you the last few years. A lot of money.

You absolutely must declare modifications or your policy is null and void. If someone gets injured and sues for damages, loss of earnings and the like it could cost you a fortune.

BTW in some Counties your speeding offence at over 100mph would lead to prosecution for dangerous driving. Might be an idea to give up modified cars for a while till your licence is safe and your insurance more manageable.

 

[C250TDSportAuto]

so after taking that lot into consideration i need to put both my cars on 1 policy but norwich union want an extra £980 to add my car!

but my yearly policy for the 1 car is £305 fully comp, protected no claims and they want 3 times that to add the other car!!!

When I had 2 cars in my name, I searched around and found Highway. Even though my NCD was in use on my other car on another policy with a different insurer, which i had explained to them, they offered it to me on my new policy anyway. They did this because the first price they offered me was way too high and I was going to try elsewhere. That's something I don't think most insurers will do. I think they must need the business. At the end of both policies my NCD was 5 years for each car. Must be worth a try.

As for the 2 on 1 policies. I didn't find the quotes i had that cheap really

 

[stuartmac]

Hi,

im trying to find 2 car or more households and who they go with

you could always try Confused.com and the AA

The moneysavingexpert.com website has links to moneysupermarket.com, confused.com and, most recently, comparethemarket.com. I've used the moneysavingexpert.com links for a couple of years; we're a two-car household (at one time three-car) and I went through the palaver only this last week for the W210 E320 CDI we've just acquired.

Apart from confused.com and comparethemarket.com having really horrible and user-unfriendly screen layouts (speaking from long experience of computer system screen design ), moneysupermarket.com has *always* come up with the cheapest quote. This time, I also checked DirectLine ('cos they won't allow any of the aforementioned screenscrapers or webbrokers in) but they were nearly £200 more expensive.

Hth.

Regards,

 

[busby20]

i need some advice

ive got my 2 cars

94 e320 coupe
95 e320 coupe



ive got 9 points

61 in a 50 (£60 & 3 points in oct 2004)
106 in a 70 (£200 & 6 points in jan 2005)



ive had 2 accidents

£1,500 claim in march 2004 (mum drove my car into my house on my insurance)
£14,000 claim in august 2005 (i drove my car into a lamp post)


so after taking that lot into consideration i need to put both my cars on 1 policy but norwich union want an extra £980 to add my car!

but my yearly policy for the 1 car is £305 fully comp, protected no claims and they want 3 times that to add the other car!!!

so ive herd some companies do 2 car policys and my insuranc eis up in october

any help would be great

Have you tried Admiral.com ? they advertise a "multi car" policy which my son used and he thinks it's good - though don't know if your particular circumstances would make a loy of differance-might be worth trying.

 

[The German Flower Pot]

my 3 years are up for the point this october and january

as for them having lost lots of money on me!

well i passed my teast in july 1993 and have made 1 claim ever that was my fault

in my early days (1994) i had a E30 bmw 320 coupe and was paying £1,500 a year and it was over a grand like that for years so they have had way more out of me and it annoys me that they charge me £305 for 1 car and then triple that for the 2nd car on a 1,000 mile policy!

money grabbing gits

with anything else in life you buy or get more than 1 you get the nd cheaper in most cases except insurance

pigs

great advice though chaps

im going to try the one that still give you 65% ona 2nd car ad yes ill tell them its a twin turbo but as for etails ill be vague as the more i go on the more it will go up

 

[hawk20]

You are so unfair. Most years car insurance loses money or makes very little. It is one of the most competitive fields of all. Just check out all the adverts to see how many players are competing for business.

Surely you have had enough trouble without being what you call "vague" about your performance modifications. If you do not declare the full facts you could have your policy made null and void and find it very difficult to get others to insure you again. With insurance honesty is definitely the best policy. I know this isn't what you want to hear. But think about it. It just might be good advice.

 

[The German Flower Pot]

vague as in "its a twin turbo conversion done befor the car wa handed over to its 1st owner, bhp around 350" thats all i know and they might want more but my ino on such stuff is unfortunatly vague

most insurance companies loose or make very little money!

are you sure?

they make a ****** fortune, if they did not then why are there so many of them?

if they made no money like a spoon shop then just like the fabled spoon shop they would no longer exist

insurance should be for the person not the car

and

the government should do a car insurance & house insurance system as then we would get a fairer policy rather than it varying wildly depending on how the person on the phone felt that day

its all a big rip off

 

[hawk20]

vague as in "its a twin turbo conversion done befor the car wa handed over to its 1st owner, bhp around 350" thats all i know and they might want more but my ino on such stuff is unfortunatly vague

most insurance companies loose or make very little money!

are you sure?

they make a ****** fortune, if they did not then why are there so many of them?

if they made no money like a spoon shop then just like the fabled spoon shop they would no longer exist

insurance should be for the person not the car

and

the government should do a car insurance & house insurance system as then we would get a fairer policy rather than it varying wildly depending on how the person on the phone felt that day

its all a big rip off

Your theory that if they made no money they would no longer exist doesn't really hold water -except in the long run of course. Look at car production. Like insurance it is hugely competitive but many car makers lose mega bucks of money. GM was the biggest but has been losing a bundle. Ford loses quite a few billion a year. Chrysler was losing billions too when Mercedes sighed a sigh of relief at finding a buyer. It is a very hard world out there.

People live in hope that things will get better and some years are better than others. But relentlessly the truth will out. Before the Second World War there were over 300 British car makers. Yes really. Makes you've never heard of like Allday and Onions. All were UK owned and based. Slowly, slowly they have all gone to the wall and carmaking is now in the hands of giants. And keep watching. More yet will go to the wall. When did Fiat last make a profit?

Why are Land Rover, Volvo and Jaguar up for sale by Ford? Because they are losing money in this tough, global competitive world.

 

[hawk20]

Interesting BBC piece on the decline of Detroit: -
http://newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/1/hi/business/6346299.stm

 

[Marco Polo]

Hawk is right. Insurance policies are based on the principle of 'Uberrima Fides' - Latin for perfect good faith, the legal definition of which, when applied to insurance contracts, means that the contract must be made in perfect good faith, concealing nothing - the insured must observe the most perfect good faith towards the insurer and declare everything. The responsibility is on you - if you fail to do so your policy is voidable, and they would most likely refuse to pay out in the event of a claim.

I'm not sure that I agree with Hawk about the profit that insurance companies make - when they take a hit, like with the recent floods, they are not slow to hike up the premiums to recover their losses. They have shareholders who expect a return on their investment and I don't think they are disappointed too often.

 

[hawk20]

All I'm saying is that it is a very competitive game offering lots of choice. Some firms make money at it. Some don't. Some years they make a profit -all together on average- some years they don't. Very tight game to be in.

Just imagine they insure my 150 mph, £50k plus S class, for unlimited mileage in UK or in Europe (no extra charge), for £430 per year including legal fees policy, protected NCB, and wife as named driver. One crash could cost the premium ten times over, or more. A write-off by accident or theft would cost them over 100 years of premiums. Would you want those risks? I wouldn't. Great value.

 

[Marco Polo]

I accept your point - in terms of what potentially they could have to pay out, the cost of the insurance is peanuts.

I look at insurance companies like bookmakers - they've assessed the odds based on experience, probability and all other known factors, set the odds and accepted your bet. But did you ever see a poor bookmaker?

But maybe you're right, the way they try to wriggle out of paying up because of the small print in the clauses you never read until it's too late could mean that's the only way they can make a profit:cry:

 

[hawk20]

Yes. The wriggling and use of small print is something we are all scared of, I guess. And rightly. Perhaps we should be more concerned with payment record than price. Coverage more than cost?

And in terms of your point about what they potentially have to pay out, their big worry is the escalating payments for injury/loss of earnings etc.