I used to do this with Directline. Their renewal was always a bit steep but I'd call them, say I was leaving and they'd knock enough off to make me stay. Not last year. Wanted £55pm and wouldn't budge so left for Aegeas and now pay £32pm.
Car insurance - ripoffs
- Thread starter pc-guy
- Start date
Deleted User 298457
Deleted User 298457
Just realised that I want to stay with Admiral but I get a £250 free excess insurance voucher if I go through GoCompare 
I hope you aren't using their financing facility, my god - better off going to a loan shark!
Why are you paying monthly
I hope you aren't using their financing facility, my god - better off going to a loan shark!Just realised that I want to stay with Admiral but I get a £250 free excess insurance voucher if I go through GoCompare
Why are you paying monthly
I don't always have that amount of money sitting available. Not everyone has hundreds of pounds sitting for things like this, many are also not happy putting it onto an interest free credit card either.
Deleted User 298457
Deleted User 298457
The vicious circle of poverty.
However, it isn't like car insurance is a surprise, and by taking it out on finance you a simply paying more for absolutely no reason. £32 PCM is £384 quid fella... without the interest in there, your quote was probably more like £310... that's £74 quid to borrow £310 quid. Bonkers
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There is very little in the way of rational reasons to pay massive apr for a monthly car insurance policy over using an interest free credit card.
You're still borrowing money either way, may as well be at the lowest possible cost.
I'm well aware of the costs, it's clearly laid out on my policy document. Thanks for your concern though!
Deleted User 298457
Deleted User 298457
Well that PSU you just bought off MM could have been 'free', just sayin'
Will be interesting to see what happens with GIPP this year.
Overall it should be a benefit to the customer, as price walking (luring people in with a competitive quote and then systematically ****ing them over every single renewal) will no longer be allowed and insurers will have to demonstrate that they're pricing new and renewal business the same. This is likely to have a detrimental impact on frequent switchers though as big composites will need to up their new business price as they can no longer afford to price at a year 1 loss.
Overall it should be a benefit to the customer, as price walking (luring people in with a competitive quote and then systematically ****ing them over every single renewal) will no longer be allowed and insurers will have to demonstrate that they're pricing new and renewal business the same. This is likely to have a detrimental impact on frequent switchers though as big composites will need to up their new business price as they can no longer afford to price at a year 1 loss.
I suspect every company will just price more or less the same and new prices will rise and renewal prices won't change. Why offer cheaper pricing for new customers if your old customers have no incentive to leave for a cheaper price?
Deleted User 298457
Deleted User 298457
I'm afraid........
^ this.
A bit like car insurance equality between women and men. Women just ended up paying more
Well just done mine, found LV cheaper so rang Churchill to tell them they were expensive by £120 but not telling them that yet, After a few minutes the guy was going back and forth with his supervisor. In the end I asked him to talk to me directly. Churchill got within £5 of the best quote, when I told him he said he could match it but not beat it. So I said, ok thanks for your time, I will go with LV as they got there first.
It was virtually the same last time as well but if they over charge me I will give my business to someone else on principal. They either give me their best price or I will switch as it is so easy nowadays.
On a side note, my friend stays loyal to his insurer and has for years. His quote was £600 more than going to them as a new customer. even cancelling it and paying the early settlement charge he will be £400 in profit. Insurance companies are robbing scum.
It was virtually the same last time as well but if they over charge me I will give my business to someone else on principal. They either give me their best price or I will switch as it is so easy nowadays.
On a side note, my friend stays loyal to his insurer and has for years. His quote was £600 more than going to them as a new customer. even cancelling it and paying the early settlement charge he will be £400 in profit. Insurance companies are robbing scum.
Mine is reasonable as a total but a bit odd on the individual breakdown
3 car multicar policy, same drivers one each car
Merc SLK250d AMG Line £305
Merc C220d coupe AMG Line £354
Ferrari California T £362
I think the total is a decent deal but the breakdown of them is very odd
Didn't some insurers issue partial refunds last year due to low usage?
3 car multicar policy, same drivers one each car
Merc SLK250d AMG Line £305
Merc C220d coupe AMG Line £354
Ferrari California T £362
I think the total is a decent deal but the breakdown of them is very odd
Didn't some insurers issue partial refunds last year due to low usage?
Some people think I'm crazy but I find it easier (as in don't really need to think about it) to manage my finances paying things monthly than a lump sum dunno why. Credit charge is usually a little under the cost of a month's insurance (about £3/m more). It isn't about affordability - possibly the opposite :|
So far I've not really had much change insurance wise - automatic renewals have been within £1-2/m or so - sometimes down as well as up - not had any unpleasant surprises yet like all too many friends/family who suddenly get a like 400% increase on their automatic renewal! (I'm still on edge when the time comes around expecting it though).
So far I've not really had much change insurance wise - automatic renewals have been within £1-2/m or so - sometimes down as well as up - not had any unpleasant surprises yet like all too many friends/family who suddenly get a like 400% increase on their automatic renewal! (I'm still on edge when the time comes around expecting it though).
Deleted User 298457
Deleted User 298457
You're crazy. It makes no sense. You are giving money away for absolutely no good reason. Comparing monthly cost is also daft.
Deleted User 298457
Deleted User 298457
^ 100%.
Yeah but AFAIK it was like 25 quid
. Waiting to see record profits this year from them! 
2 ways to look at that, not overly generous but then again they didn't have to do it
Deleted User 298457
Deleted User 298457
Very true!
I'm concerned ringing up and declaring my lower mileage will actually attract a net increase given how the random number generator works
Convenience - it makes it so much easier for me when I've got most of my expected costs coming out monthly - for a relatively small amount it isn't worth the extra effort I have to go to otherwise managing it.
Maybe just coincidence but I've also never had any huge price increases either paying monthly - whether that is just coincidence or not another matter but I'm not inclined to rock the boat - my last 4 years for instance on one vehicle:
2018 - 516.83
2019 - 462.62
2020 - 453.87
2021 - 465.77
I find it amusing - my pickup costs me like £380/year, an average runabout hatchback like £500.
Very true!
I'm concerned ringing up and declaring my lower mileage will actually attract a net increase given how the random number generator works
Mileage is one of those thing I find makes little or no difference, same with business use but as you say anything could happen