Renewal time

[toby1]

LV wanted £386 for next year's insurance. Sounded too high to me. A quick seach later and AXA has won the day with £268.

I've been with LV for the last 3 years so I find it strange they didn't want to keep me this year.

That is all.

 

[paul hayward]

you wont ever make any sense out of it:lol:...i really will need to shop around a bit when my insurance is up as im pretty sure they will try and sting me a bit this year

 

[DY2]

My mother bought a new car yesterday,
helping her shop around for insurance...

She was with 'Budget' on her old car, and called them to see how much it would be on the new car... (she pays monthly direct debit and her cover was only 3rd party, Fire and theft.), They wanted £110 from £41.

I am with elephant on my car, so I went there, and got her a quote.... £35 per month, Fully comp.

Always worth looking around.


Also, with the renewal, i always go back to the website and input my data again, and get a new customer quote. Two years back, I got a renewal quote for £630.... the new quote, as a new customer came in at £495.

I quickly called them and paid for the new quote, and then sent back my old paperwork without using the renewal.

 

[willsco]

Apologies for the epic first post - but I feel the need, the need to share.....

I feel as though I have reached platinum member status with insurance companies over the last month or so.

On the last Friday of November I trashed my X5 daily drive by (very embarrassingly) driving it into a security barrier that is normally open when I get to work but on this day was not - it ripped the bonnet, wings, smashed the windscreen then scraped over the roof ripping the bars off.

I was persuaded, against my better judgement, by my insurers to go with to go with their approved repair agents - rather than BMW who are next to my work and, in my opinion, better qualified to repair an X5

Needless to say the approved fixers couldn't produce an assessment easily and went beyond the insurers max time of 3 days to assess (they took 5 days) so I got the car moved to BMW. Meanwhile the first assessment was submitted and the insurers wrote the vehicle off and sent the salvage company to get the car.

I said hang on - wait for BMW's assessment - which took another 3 days.

When the insurers got this assessment they confirmed the write-off

I was then offered the first settlement value which was a joke.

There then followed a series of offers and my rejections using evidence of real world prices based on Autotrader and similar adverts

We reached an impasse after a week where they said the only way forward was to have an independent assessor look at the car.

The assessor came out 2 days later and took one look at the car and said it was not a write-off and that it should be repaired.

At no time during this 3 week period did I get a courtesy car - despite my policy guaranteeing one. You only get one once the car is assessed. You do not get one if the car is written off.

The day after trashing the X5 I bought my first Mercedes - an SL500 R129

The SL was a change of scenery to the Porsche 928 I had owned for 8 years - I wanted a convertible V8

I spoke to the insurance company I'd had my 928 insured with to replace the 928 with the SL500 on the same policy

As they do not recognise the SL500 as a "classic" car it could not be insured on the same type of policy (classic) so as I'd just sold the 928 to buy the SL500 I cancelled the policy and started shopping round for new cover.

During this process I learned that I had not been earning no-claims bonus as classic policies do not allow this. This was news to me.

I was also asked if I had any outstanding claims elsewhere - err, yes I have an X5 that is written off or quite expensive to repair - "how expensive?" they asked. Don't know I said - quite a lot though.

Consequently the insurance ended up being over £500 compared to the £170 for the 928!!

Two days after picking the SL500 up I received a nasty stone chip on the windscreen whilst driving on the M5 - so now I am going through insurance to get that sorted!

I think I have been on the phone to car insurance companies for about 23 of the last 34 days.....

Hence my self imposed platinum status

If anyone has got this far - thanks for reading!

 

[toby1]

Not sure what it has to do with my renewal but thanks for your post anyway

 

[willsco]

Apologies - I was venting

I guess the summary was - when striving to get the best deal on your insurance - look closely at what you actually get - then look closer again - at the small print - few people have the patience to read the small print - but its generally where the caveats live that enable the insurers to lower their prices to get higher ranking in comparison site search results.

 

[ChrisKnottIns]

...She was with 'Budget' on her old car, and called them to see how much it would be on the new car... (she pays monthly direct debit and her cover was only 3rd party, Fire and theft.)

Sometimes, Fully Comp is cheaper than TPF&T with the same insurer. I guess it says you care more about your car.

 

[Miffy]

Sometimes, Fully Comp is cheaper than TPF&T with the same insurer. I guess it says you care more about your car.

Yes, I have noticed this for a few years. When my renewal came up and I had a very scare high quote, I decided to use the mearkats to test all variations and tpf&t was over 60 more than fully comp

 

[dog68]

I checked on a comparison site today, and my insurers quoted me almost half that i'm paying now

 

[dbanbery]

after insuring an XR3i which has cost me roughly £800 per year. with the replacement of my R129, the insurance has been met with surprise.

All quotes have been £1k +++ for the escorts renewal whether its a classic policy or not. This year, but with the multi car, i did get a discount as it was together with the Mrs's car. thats gone now.

a number of different quotes for the SL500 have been less than a third of that easily, and that includes a NCB earning classic hybrid sort of policy from adrian flux - £405 fully comp with £250 excess. insurewise quoted cheaper too, but i think i may go for the flux policy since it is a better product.

i'm 29 with 6 or 7 years NCB, one claim in 2011 for theft that paid out £2k. SD+P nop commuting.

 

[ChrisKnottIns]

after insuring an XR3i which has cost me roughly £800 per year. with the replacement of my R129, the insurance has been met with surprise.

All quotes have been £1k +++ for the escorts renewal whether its a classic policy or not. This year, but with the multi car, i did get a discount as it was together with the Mrs's car. thats gone now.

a number of different quotes for the SL500 have been less than a third of that easily, and that includes a NCB earning classic hybrid sort of policy from adrian flux - £405 fully comp with £250 excess. insurewise quoted cheaper too, but i think i may go for the flux policy since it is a better product.

i'm 29 with 6 or 7 years NCB, one claim in 2011 for theft that paid out £2k. SD+P nop commuting.

Did you ask us for a quote? If so, how did we fare?

 

[grober]

The rule is "it pays to change" company loyalty is a foreign concept to the insurance industry- they see it as an opportunity to constantly jack up your renewals in comparison to what you would pay as "new business" to another company. Just the way it is. Just make sure you are comparing "like with like" in terms of cover / benefits

 

[dbanbery]

Did you ask us for a quote? If so, how did we fare?

i didnt, but i havent committed to anything yet so there is still time.

do you think you will be competitive for an ungaraged location?

 

[toby1]

No harm in trying, it doesn't cost you anything!

I tried last year but they quoted more than LV

 

[Miffy]

i didnt, but i havent committed to anything yet so there is still time.

do you think you will be competitive for an ungaraged location?

They was for me