Richard A Thackeray
Legendary Member
I’ve paid it, & printed off my documentation
One thing that surprised me greatly, the given estimated value’, given that it’s a 2018 model (albeit ULEZ compliant)
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Insurance renewal.
- Thread starter simongt
- Start date
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One thing that surprised me greatly, the given estimated value’, given that it’s a 2018 model (albeit ULEZ compliant)
cyberknight
As long as I breathe, I attack.
- Location
- Land of confusion
Just had my house insurance quote through , about a 20 % price hike !
did a quick price comparison as a new customer and its nearly £20 a month cheaper and in line with other companies for the same cover.
Logged on and tried to find a number to call ( next week i dont expect them to be there now ) and all you get is a chatbot that doesnt load or a " i want to cancel " form which i filled in .
did a quick price comparison as a new customer and its nearly £20 a month cheaper and in line with other companies for the same cover.
Logged on and tried to find a number to call ( next week i dont expect them to be there now ) and all you get is a chatbot that doesnt load or a " i want to cancel " form which i filled in .
PedallingNowhereSlowly
Senior Member
According to Mr. MSE himself, 26 days prior to renewal is the optimum time to apply for a new policy. So I've arranged next years van insurance today. A few observations.
Current insurer doesn't issue a renewal quote until 17 days prior to the current policy expiring. Current insurer makes it impossible for an existing customer to provide a quote.
There is no number to call, anywhere. Not on any of the documentations. Not provided on the insurers website.
The cheapest alternative quote I found, was 6.3% dearer than last years premium. Last year's premium was for a brand new vehicle, so irrecoverable theft or write-off would mean the insurer paying for a brand new replacement vehicle.
The quotes this year don't include new-for-old cover. But they are no less expensive for it. I'm advised by various quotation tools that the trade value of the vehicle is less than 48% of the new price. The cheapest equivalent vehicle I can find on Autotrader is 84% of the new value. That's a difference of £8,800.
The legal expenses cover offered with most policies seems to carry so many caveats, it is not much better than a no-win/no-fee legal support.
The van is now costing somewhere in the region of 50 pence per mile, given the relatively low mileage it covers. I suspect higher this year, on account I'm going to be using it less. And that's without properly factoring in the purchase price/age deprecation. That's just fuel, insurance, tax, maintenance and mileage depreciation.
Odd how the system is rigged to encourage vehicle owners to use them more, rather than less.
Current insurer doesn't issue a renewal quote until 17 days prior to the current policy expiring. Current insurer makes it impossible for an existing customer to provide a quote.
There is no number to call, anywhere. Not on any of the documentations. Not provided on the insurers website.
The cheapest alternative quote I found, was 6.3% dearer than last years premium. Last year's premium was for a brand new vehicle, so irrecoverable theft or write-off would mean the insurer paying for a brand new replacement vehicle.
The quotes this year don't include new-for-old cover. But they are no less expensive for it. I'm advised by various quotation tools that the trade value of the vehicle is less than 48% of the new price. The cheapest equivalent vehicle I can find on Autotrader is 84% of the new value. That's a difference of £8,800.
The legal expenses cover offered with most policies seems to carry so many caveats, it is not much better than a no-win/no-fee legal support.
The van is now costing somewhere in the region of 50 pence per mile, given the relatively low mileage it covers. I suspect higher this year, on account I'm going to be using it less. And that's without properly factoring in the purchase price/age deprecation. That's just fuel, insurance, tax, maintenance and mileage depreciation.
Odd how the system is rigged to encourage vehicle owners to use them more, rather than less.
Drago
Legendary Member
- Location
- Suburban Poshshire
Bizarrely it costs me barely half to insure a 50k camper for 6000 miles a year (social only) than it did to insure an 18k Mini electric for 3000 miles a year (social only.)
It's bananas.
It's bananas.
Regular.Cyclist
Über Member
- Location
- South West Scotland 🏴
We got a letter from our current insurance company telling us that they are no longer selling any insurance and will be passing our details to another company who will provide us a quote when our renewals are due later this year.
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chris-suffolk
Über Member
I used to know a guy, drove a land rover defender - so maybe not £50k, but still not a cheap vehicle to buy new. He got a quote, and queried it, as he thought it was too low. Explanation was that 'in our experience, if anything hits you, it will come of worse'.
fossyant
Ride It Like You Stole It!
- Location
- South Manchester
That's all changed now as they are so easy to rob - prices through the roof for insurance.
fossyant
Ride It Like You Stole It!
- Location
- South Manchester
Well, the insurance bingo starts again in the Fozzy house. Little Aygo due up in three weeks. Opened the comparison site a couple of weeks ago, and refreshed last year's quote - checked all details. Pressed go. Price £900 (two young drivers) OK fine.
Now the insurance is within the 30 days, I refreshed it with the actual cover start date (the policy wasn't through the comparison site).
Refresh......
£7,000 minimum
What ?
Checked details, nothing's changed. Being somewhat wary of doing lots of refreshes, I removed son and daughter. £350, daughter back on £850, son back on £7k - eh ?
The policy has business use on it as my son needed it for work (couldn't use pool car as under 25). Since he's not there now, so I took off the 'business' use.....
£1,100
We put business on the existing policy earlier in the year and it made maybe £200 to the policy price. Seems the insurers don't want young drivers using business cover.
Now got to await the current insurer's renewal price.
Now the insurance is within the 30 days, I refreshed it with the actual cover start date (the policy wasn't through the comparison site).
Refresh......
£7,000 minimum
What ?
Checked details, nothing's changed. Being somewhat wary of doing lots of refreshes, I removed son and daughter. £350, daughter back on £850, son back on £7k - eh ?
The policy has business use on it as my son needed it for work (couldn't use pool car as under 25). Since he's not there now, so I took off the 'business' use.....
£1,100
We put business on the existing policy earlier in the year and it made maybe £200 to the policy price. Seems the insurers don't want young drivers using business cover.
Now got to await the current insurer's renewal price.
Well.. Churchill was £30 cheaper than last year (even with a hugher mileage limit, 7,500 instead of 6,000) so I've stuck with them.
chris-suffolk
Über Member
Surely if the company need him to be able to drive for business, and won't/can't provide a pool car, then they need to pay the additional insurance costs. Else, don't drve for business purposes.
Had the same debate when I was working, amazing how quickly they managed to let me use the pool car.
johnblack
Veteran
- Location
- South Northamptonshire
Daughters (21) Aygo renewal has come up, she insures it herself, best quote is her existing insurer, Hastings, has dropped significantly, now just over £400.
