Insurance for new drivers, stupidly cheap.

OllyM said:
This is stupid - take the policy out, it'll last a few months if that and they'll pull it and you'll need to find new insurance. Don't rely on it, that's for sure. You'll lose out on a few months worth of NCB too.
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For those few months paying 183 rather than around 2k, I think it's worth it for me.
 
skippi90 said:
If the cover was still in tact at the time of the accident, they would have to pay out.
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But we've all heard of companies offering super cheap insurance and then when you need them it's impossible to get through to them, paper work takes months to arrive, people never phone back/turn up etc...
 
Why is it worth it? It won't make a blind bit of difference other than the fact you will be paying more for your first years NCB in the long run?
 
Hxc said:
Why is it worth it? It won't make a blind bit of difference other than the fact you will be paying more for your first years NCB in the long run?
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Insurance will go down a bit when I turn 19 so even if the policy only lasts 2 months, I'll be 19 in March so hopefully a bit will be knocked off.
 
I can better your £185

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I can't see them giving me it for that somehow :D £2.49 a month would be nice though :D
 
I could fit some to my car, £35 for goodridge hoses, and a few hours fitting them...

The thing is tho, if the so called glitch gets fixed, you'll send up paying more as it's a mod.

I always wondered if declaring a mod that doesn't exist is as bad as not declaring a mod the does exist?

I only renewed my insurance 2 days ago, and I wasn't 100% sure if changing to disks and calipers from a different car (not aftermarket stuff) counts as "uprated brakes"...
 
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I wouldn't bother.

I made a mistake and gifted a fair few people >£1000 discount on their eCar quote. As far as I am aware, eCar sent letters out cancelling the insurance to everyone.
 
If you need to claim your policy will be invalidated. That's whole point of insurance. If you aren't interested in protecting the actual value of your car to yourself then just get third-party only cover :confused:.....
 
Right people.

It's quite obviously a mistake, and insurance is different to other products when it comes to your consumer rights.

Effectively, your insurer can cancel the policy if they've made a mistake - at ANY TIME - provided they return to you, pro rata, the remaining premium. You will get no NCB. You will need to find new insurance, and fast.

There is precedent for this. Last year, the broker Hastings Direct used realised it had made a mistake with its underwriting criteria for a number of customers. What happened? Hastings Direct withdrew the policies and cancelled them - some customers had been on the policies for MONTHS.

Still cancelled.

It can and it WILL happen.
 
Having said that, would be interesting to see what would happen if someone needed to claim. If a few people want to test the outcome that would be good :p
 
but it will NOT invalidate your insurance. Its exactly the same as if youve been quoted £2k online if it was meant to be £2.5k but there had been an error they would still have to honour any claim made before it was cancelled

And full cover will be inforce until they have notified you of the cancelation.
 
mattyg said:
but it will NOT invalidate your insurance. Its exactly the same as if youve been quoted £2k online if it was meant to be £2.5k but there had been an error they would still have to honour any claim made before it was cancelled

And full cover will be inforce until they have notified you of the cancelation.
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Sorry but no. It is the brokers fault for quoting incorrectly. The underwriter couldn't give a toss that one of their brokers made a mistake and they would just tell their broker (and customer) to **** off if they tried to claim on that missold policy.
 
NathanE said:
Third party claims would probably be honoured but first party claims would definately not!
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Are you sure? I get what fox is saying about them being able to cancel any time, but surely not while you are making a claim (unless its clearly a mistake (that a jury would agree with) - like £30 for a new driver).
 
Hey, people crash their cars and try to claim on their perfectly valid policy every day... not all of them get the payout they were expecting. The underwriters job is to find mitigating factors that reduce (or completely void) the settlement. I can bet that this particular "braided hose exploit" would be a huge mitigating factor on any settlement.
 
NathanE said:
Sorry but no. It is the brokers fault for quoting incorrectly. The underwriter couldn't give a toss that one of their brokers made a mistake and they would just tell their broker (and customer) to **** off if they tried to claim on that missold policy.
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That i can understand however surely if you have a certificate of insurance from the company then it has to be inforced
 
NathanE said:
Hey, people crash their cars and try to claim on their perfectly valid policy every day... not all of them get the payout they were expecting. The underwriters job is to find mitigating factors that reduce (or completely void) the settlement. I can bet that this particular "braided hose exploit" would be a huge mitigating factor on any settlement.
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But that is completly differant to having a policy Avoided/void

I thought the underwriters were there to take a large % and to pay out in the event of a claim.
And it was the Loss adjusters job to ERR adjust the claim
 
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