Insurance question

Fantom

Fantom

Fantom

Associate
Joined
13 Feb 2006
Posts
2,445
Location
Cornwall
Hi Guys,

I wrote my s2000 off last week :( and im looking to get a new car and insure it...

Now I have been happily getting quotes on hot hatches here and there and my current insurer "admiral" along with its sister companies are obliterating the competition, other companies are quoting 2-3x the cost that admiral are asking for...

My question is, do you think this is a ploy by admiral, to get me to buy a high insurance car and then screw me at the renewal?

For example a qoute on a 106 GTi comes in from Admiral at £780 and the next closest competitor on the comparison websites is Kwik Fit at £2200!

:(
 
Admiral are always wierdly cheap for younger people on quick cars. I've no idea why, but they've never then screwed me at renewal.
 
Doubt it I mean whats to stop you not auto renewing and taking a fresh insurance quote as a new customer in 12 months time?

Question is would they ask for proof of no claims from themselves???
 
[TW]Fox;17027651 said:
Admiral are always wierdly cheap for younger people on quick cars. I've no idea why, but they've never then screwed me at renewal.
Click to expand...

Yeah, they have always been good to me... But you can understand my concern; if I stretch to a Megane 225 trophy from admiral: £1100 (which I want to) the closest competitor is over £3000!

Admiral could really rinse me if they wanted to...
 
johnny6 said:
Doubt it I mean whats to stop you not auto renewing and taking a fresh insurance quote as a new customer in 12 months time?

Question is would they ask for proof of no claims from themselves???
Click to expand...

Thats a good point, I did run the quote the first time with an "unknown claim costs" as I genuinely don't know the total cost yet (haven't had the payout yet)

But just for curiosities sake I tried it with an estimated claim cost and it hasnt changed the price....freakishly cheap

For a minute there I thought Id have to buy a diesel wagon and try to become uninterested in cars... :eek:
 
Looking at it again its quite worrying - If admiral go bust I will have to get rid of the car!

Anybody experienced this with insurance companies?
 
Stop crashing/damaging cars and they won't go bust.

Get the car. Insure it cheap. If you can't insure the car cheap in 12 months time. Sell it and get something you can insure.

LIVE FOR THE MOMENT MAN
 
[TW]Fox;17027836 said:
If you cant afford the general cost of insuring the car can you really afford the car? This seems very risky.
Click to expand...

I can afford 1k on insurance, however cannot stretch to £3k :(

johnny6 said:
Stop crashing/damaging cars and they won't go bust.

Get the car. Insure it cheap. If you can't insure the car cheap in 12 months time. Sell it and get something you can insure.

LIVE FOR THE MOMENT MAN
Click to expand...

You have a point my friend, anybody know if the megane RS Trophy is set to hold its value?
 
Is buying another really fast car the right answer to the 'What do I do after writing off my fast car and struggling to find insurance' question? :p

Perhaps you need to get a bit older before you buy fast cars.
 
[TW]Fox;17027948 said:
Is buying another really fast car the right answer to the 'What do I do after writing off my fast car and struggling to find insurance' question? :p

Perhaps you need to get a bit older before you buy fast cars.
Click to expand...

I just cant handle S2000's lesson learnt :p didn't have enough respect for the car at this early stage in life...

Instead of going back to slow cars I feel like picking up where I left off (and went a bit silly!), more rapid french hatchbacks! :D

I was looking at the clio trophy with some seriousness... but I don't see it as a worthy upgrade to the 106, sure it has the sachs dampers, but the 106 was excellent on the bilsteins/eibachs - and the extra horsepower is nothing to write home about...
 
Fantom said:
Yeah, they have always been good to me... But you can understand my concern; if I stretch to a Megane 225 trophy from admiral: £1100 (which I want to) the closest competitor is over £3000!

Admiral could really rinse me if they wanted to...
Click to expand...

If you don't make any claims then they aren't going to want to rinse you.

When you're 24 or 25 a lot more specialist insurers become available to you. Such as CCI.

So basically drive steady for a few more years then get with a specialist.
 
your given your renewal price 21 days before the renewal date so if your not happy with the price shop around ?
 
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