Insurance Questions - Changing Cars

ScarySquirrel

ScarySquirrel

ScarySquirrel

Soldato
Joined
13 Jan 2004
Posts
23,945
Location
South East
I have a quick question.

My girlfriend just bought a new car which is in insurance group 1, and her insurance SHOULD be less. However she just called her insurance company (Zurich) to inform them, and apparently the premium stays the same until renewal.

Now, I have no doubt that had she bought a Ferrari or something, they'd have no issue in whacking the premium right up, and quite rightly. So why does going the other way not get her a pro-rata saving?

Also, I am looking at getting a new car in June. I just renewed my insurance for my current car. If I get a new one, can I just cancel my current insurance and get a pro-rata refund? Or will I be forced to either keep it insured for the remainder of the year, or will I HAVE to insure my new car with my current insurer?

Thanks
 
Re your girlfriends car, yes it does stink but probably nothing you can do about it unelss you cancel and change insurer

re yours yes you usually can cancel and get a partial refund howver it will be slightly less that pro rata
 
Changing car mid policy usually means you have to bend over whether you cancel or remain.

What did she get in the end?
 
Ok thank you.

I'm afraid she did get a C1 in the end. But it suits her and I think will be a good choice in the long run. Then again, I know bugger all about cars.
 
I have been lusting over Honda S2000's. I have to wait until June to finish paying off a loan to my Mum, and also I turn 25 so the insurance will be a little cheaper than if I got one now.

I'm trying to work out if I can afford the running costs. Part of me is saying "Save the money, you don't need a new car", and part of me is saying "Sod it, you only live once, go for it".

I've driven a crappy Corsa for the last 8 years. It is 13 years old, faded from red to a nice shade of pink, and I just want something I can enjoy whilst I am young. My concern is that I am not a 'car person', so I worry that I don't know enough to do an S2000 justice, and that I might run it into the ground through lack of knowledge.
 
If you don't know what you're doing and buy an S2000, you're more likely to run it backwards through a hedge than into the ground TBH.

Take it steady until you get used to RWD.
 
Lum said:
If you don't know what you're doing and buy an S2000, you're more likely to run it backwards through a hedge than into the ground TBH.

Take it steady until you get used to RWD.
Click to expand...

I am talking more from a maintenance point of view. I know how to drive :)

Although I know the S2000 is known for being a little tail happy, so of course would take it very easy.
 
just because its a group one doesnt mean it will work out cheaper, insurance companies will go by how many bumps and claims a particular car has, they work along the lines of a 1ltr car with a claim percent of 40% in the UK would not be statistically be cheaper than a 2ltr if the claim percent is 10%

******all figures are made up and would depend on other rating factors aswel ******
 
This is dependent on the insurer. I've had refunds before due to changing to cheaper to insure vehicles mid-policy.
 
Churchill refunded my Type-R policy 3 months after paying in full when I got rid of it. Pro-rata obviously and they charged £40 admin fee (small compared to the £1000 I got back) but it paid for my MX-5 in full. It does mean I lost 3/4 months of NCD time but my previous years counted.

I'm 25 in June too, nothing special planned but looking to save for an RX-7. Would love an S2000 but I'm not sure I have the ability to sit on money that long :D
 
You must log in or register to reply here.
Back
Top Bottom