Change of car when paying insurance monthly?

daelo

daelo

daelo

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OK lets say, using myself as an example :rolleyes:

I pay my insurance monthly with a seperate finance company who pay the insurer in one pop, lets say £100 month equating to about £1300 once the interest is added on , this would be on say a group 17 (old style) car.

Now then, if i was to change the car on the policy to something say of group 5 or 6, so roughly 2/3's less risk can I expect any kind of pro-rata refund in any shape or form?

I literally don't know what might happen in this situation , would it affect the policy in any way, ie stopping you getting a full years ncb by not having it accumulated over the course of the year on ONE car?
 
When I've done that the insurance company notify the finance company, who then alter the monthly payment to reflect the cost of the new premium.
 
I think I'm slowly coming to the decision that the car I have at the moment is slowly ruining me and I can't enjoy it for what it is, a fun sporty hatchback , 182.

So I need change for the better, leave my pride at the door, and start 2012 with a car that is cheap to run, economical and won't let me down, without sinking more cash into a car that isn't suited to my needs, I need to start as a mean to go on!

So if anyone else has any similar experiance with changing cars whilst on a monthly payment plan i'd love to hear from them! Unfortunatly my insurer is closed as its a bank holiday!
 
I don't think you're going to save much money moving to a smaller, cheaper hatchback unless you're going all out bangernomics.

The 182 is surprisingly economical (I average 30MPG normally, but when driving sensibly even on A/B roads I often see upwards of 36MPG), everything is cheap, tyres aren't bad for the 16s, but if that's a bother I'm sure someone on the owners club would be willing to swap some 15s for 16s.

FWIW, when changing on a monthly payment policy, they've just adjusted the payments to suit the change in policy price.
 
Phone your insurer and ask, they will probably just adjust the payments. But they will probably add on a fee for doing it (it might be about £40). I also suspect they won't give you a their best price since you're tried into a policy with them.

If there's going to be an overlap between the two cars they will usually let you have two cars on a policy as a temporary measure but you will pay extra for this.
 
I changed twice this year while on a monthly plan with Tesco. Both the vehicle changes were adjusted pro-rata by them.

All very simple to arrange as both the insurance and finance are with the same company. Changing was free but I briefly had to cover two cars at once and that resulted in a £50 additional charge.
 
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daelo said:
So I need change for the better, leave my pride at the door, and start 2012 with a car that is cheap to run, economical and won't let me down, without sinking more cash into a car that isn't suited to my needs, I need to start as a mean to go on!
Click to expand...

I've gone from a Xsara VTS (170bhp and 'fun') to a Clio 1.2 (75bhp and 'yawn'). This was not done to try and save money, but to get a car that my girlfriend could realistically insure on her own policy once she passes her test. In the meantime though, it's my daily drive. Other than saving money on the tax, it's not *that* much cheaper (if at all) to run. The VTS would average around 28mpg on the commute (~9miles in traffic), and the Clio does 34mpg. I'd rather have a bit more power than an extra 6mpg. I'm sure driving the VTS with a lighter foot I'd have seen 34mpg.

The Clio has less 'toys' - no climate control. It also cost more than the VTS to buy, despite higher mileage and being only 6months newer.

I've waffled a bit, but my point was - don't think getting a 'cheap' little hatch is going to save you much money.
 
GeX said:
I've gone from a Xsara VTS (170bhp and 'fun') to a Clio 1.2 (75bhp and 'yawn'). This was not done to try and save money, but to get a car that my girlfriend could realistically insure on her own policy once she passes her test. In the meantime though, it's my daily drive. Other than saving money on the tax, it's not *that* much cheaper (if at all) to run. The VTS would average around 28mpg on the commute (~9miles in traffic), and the Clio does 34mpg. I'd rather have a bit more power than an extra 6mpg. I'm sure driving the VTS with a lighter foot I'd have seen 34mpg.

The Clio has less 'toys' - no climate control. It also cost more than the VTS to buy, despite higher mileage and being only 6months newer.

I've waffled a bit, but my point was - don't think getting a 'cheap' little hatch is going to save you much money.
Click to expand...

Perhaps if you were lighter with the Clio also, you'd see 40mpg? What age is the Clio, my sisters 1.2 75bhp sees 50mpg easily.

Any Toyota, be it an Aygo, Yaris or similar will result in around 50+mpg no matter how hard you drive them. With £20 tax and cheap tyres to replace (not to mention insurance 1-3 groups) you'd save yourself a bomb compared to the 182.
 
It's a 52 plate, the book figure is 47mpg - so tbh, doing 9miles a day in heavy traffic I won't be seeing 50mpg.
 
My trip computer for the last ~2000 miles is seeing about 38mpg , thats about a month and a half of driving, but its not just the fuel its the tax, insurance and general maintenance.

As i don't know for definate when the cambelt was changed, it was between 60-70'000 miles, now on 92000 I would like to do it again within the next 20,000 miles (1 Year) to be on the safe side which is going to not see much change from £600, and in that time anyway things are bound to go wrong as it's going to be tipping over 100,000 miles!

Need to speak to my boss about some form of payrise this week, but if its a flat out no, then I'm sure i'll be better off with something like a pug 306 diesel to simply get me to and from work in relative comfort, whilst being better on fuel, tax and also cheaper insurance, until such time arises that I will be awarded a payrise!

Bear in mind i only bought this car last year, from which i was in a better paid job and only had to commute 1 mile to work, so it was bought as a plaything, not to drive 70 miles a day (which im also worried is slowly wrecking it!)
 
£1300 to insure a Clio 182? :eek: Are you 17 and live in the ghetto or something? :confused:


As Mike said they're not that expensive to run; Michelin PS3's are £120 a corner, and I average 33.9MPG in mine.
 
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