Anyone with Quinn Direct?

Thank god I've just seen this, I was going to renew my policy with them tomorrow!

Back to looking around then!

But you can kinda see why they have gone into administration, they gave me a quote of £600 fully comp on an MR2 Turbo at 22 with 6 points.
 
GT3 said:
Thank god I've just seen this, I was going to renew my policy with them tomorrow!

Back to looking around then!

But you can kinda see why they have gone into administration, they gave me a quote of £600 fully comp on an MR2 Turbo at 22 with 6 points.
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If you have 5 years no claims that seems about right ? I was insuring a VX220 turbo at 21 with admiral for around £900
 
Firestar_3x said:
What are you talking about?

Young drivers (17 - 19 year olds) with no experience shouldn't be allowed to insure group 17 cars with 300bhp on the cheap.

I fail to see how that statement is self righteous, i haven't decided anything, but the rest of the insurance industy has, thats why they go to quinn, everyone else works by pricing them out of these cars, this is exactly why quinn are now in trouble because too many of these young drivers who shouldn't be in these cars are crashing them.
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Sorry, What are YOU talking about? :confused:

I'm going to ignore your "17 - 19 year olds shouldn't be allowed to drive X,Y,Z" because that is all a matter of opinion, but I am going to point out that Quinn did not offer magically cheap insurance quotes on expensive/powerful cars. They only "back door" they had was their non age retstricted DOC cover which could be abused rather badly, but came in very handy (I actually still have a policy running with Quinn for the DOC cover alone). The most powerful car Quinn would insure sub 21 was a 155BHP 2.5L Subaru Legacy, so you quite obviously have no idea what you are talking about...
 
Firestar_3x said:
What are you talking about?

Young drivers (17 - 19 year olds) with no experience shouldn't be allowed to insure group 17 cars with 300bhp on the cheap.

I fail to see how that statement is self righteous, i haven't decided anything, but the rest of the insurance industy has, thats why they go to quinn, everyone else works by pricing them out of these cars, this is exactly why quinn are now in trouble because too many of these young drivers who shouldn't be in these cars are crashing them.
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What are you talking about?

I was 21 with a 1997 Fiesta, just passed, and Quinn were the only ones who would insure me at a reasonable price (if you can call £1300 pa reasonable, when all others were £2k).
 
[TW]Fox;16267805 said:
Really? What happened to the car you were insuring with them?
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I realize that might have sounded a bit dodgy :). It still own the car that I've insured with them, it is taxed, has MOT, runs, drives and is not beyond cost effective repair (as the terms in my policy state), I just don't drive it anymore. It is insured more so that I can have it "stored" on the road, and so I get some NCB for the year (which I will not get on the Classic policy the GTI is insured on).
 
Sam said:
If you have 5 years no claims that seems about right ? I was insuring a VX220 turbo at 21 with admiral for around £900
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Yeah 5 years ncb, a lot of companies will insure me now for that kinda price UNTIL I tell them about my 6 points (2x phone while driving offences) where they double the price unlike Quinn who charged no extra.

Is my renewal letter sufficient proof of no claims for another company? Otherwise I'm screwed as I have been with Quinn 4 years.
 
GT3 said:
Yeah 5 years ncb, a lot of companies will insure me now for that kinda price UNTIL I tell them about my 6 points (2x phone while driving offences) where they double the price unlike Quinn who charged no extra.

Is my renewal letter sufficient proof of no claims for another company? Otherwise I'm screwed as I have been with Quinn 4 years.
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If you phone them up and ask for proof of no claims they will send you a letter.
 
Why would you be screwed? Quinn are still operating as normal for existing customers, you will be able to get proof of your NCB as usual :confused:
 
I just wouldn't think a company going into administration is going to rush out of their way to help me. For a start their online system lets me log in but won't let me amend my details or cancel my renewal from going ahead. They better answer the phone tomorrow.
 
Well I'm assuming your policy won't be renewed if they aren't accepting new UK policies ;).

If you just want proof of NCB then your renewal letter will be fine, that's what I used when switching companies :).
 
Joshy said:
Sorry, What are YOU talking about? :confused:

I'm going to ignore your "17 - 19 year olds shouldn't be allowed to drive X,Y,Z" because that is all a matter of opinion, but I am going to point out that Quinn did not offer magically cheap insurance quotes on expensive/powerful cars. They only "back door" they had was their non age retstricted DOC cover which could be abused rather badly, but came in very handy (I actually still have a policy running with Quinn for the DOC cover alone). The most powerful car Quinn would insure sub 21 was a 155BHP 2.5L Subaru Legacy, so you quite obviously have no idea what you are talking about...
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My point was Quinn has / had people on its books that other insurance companys have effectively priced out of the market to keep them away, these other companys don't think its worth covering them because the risk is too high, Quinn thought they could cover these people for cheap and what do you know they got it very wrong.........

Clearly my exaple of this was somewhat extreme but it was to illustrate a point, if Quinn hadn't got it so wrong why are they in administration again?

Young drivers are statistically more likely to have a crash in the first few years of driving, thats why every other insurance company doesn't really want them on the books and the price they quote reflects the RISK.

Hatter The Mad said:
What are you talking about?

I was 21 with a 1997 Fiesta, just passed, and Quinn were the only ones who would insure me at a reasonable price (if you can call £1300 pa reasonable, when all others were £2k).
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Good for you, whats that got to do with my point.
 
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My sisters insured with them and has like 10+ years of NCB. She's insured with Quinn untill November - will she still be able to get proof of NCB off of them in November?
 
My friend sent an email from my computer to Quinn yesterday about a cheque that is 12 weeks overdue from a claim
I dont think he will be getting that :/
 
me and my gf are with quinn on monthly payments. may for gf's renewal and mines not till november.

hope things are still okay we'll just have to hope for no accidents.

StevenG
 
Firestar_3x said:
My point was Quinn has / had people on its books that other insurance companys have effectively priced out of the market to keep them away, these other companys don't think its worth covering them because the risk is too high, Quinn thought they could cover these people for cheap and what do you know they got it very wrong.........

Clearly my exaple of this was somewhat extreme but it was to illustrate a point, if Quinn hadn't got it so wrong why are they in administration again?

Young drivers are statistically more likely to have a crash in the first few years of driving, thats why every other insurance company doesn't really want them on the books and the price they quote reflects the RISK.
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What you seem to be condoning is the Industry's idea to completely price any and all young drivers completely off of the road. Quinn were by far the cheapest insurer for me on my little 1.4 205. I literally got the figure of £3,500 from every single insurance company I rang, and I hadn't done a single thing "wrong", other than living in London, being young and being born with a Willy. I don't consider myself £3,500 worth of risk in a 85BHP car, and I think I proved that by not having a single accident in the 205, or even the 220BHP 5 Series and 170BHP 3 Series that I drove fairly regularly under their DOC cover. I don't think it really is fair to price ALL young drivers off of the road...

I think Quinn's administration issue have more to do with bad management than the risks they are willing to insure. I think it is fair to say the Admiral group are very strong, and yet they are willing to insure the Young Driver on a range of retardedly quick machinery when others will run for the hills. I'm looking to take a policy out with Admiral on a 276BHP imported Toyota Soarer in the near future as a 19 year old, even with prospective modifications declared to bring the Horsepower to around 350BHP, plus bigger wheels, big brakes, suspension work, etc, somehow I'd be paying several hundred pounds LESS than a 18 year old work collogue pays on a 1.6 automatic Ford Focus with Quinn Direct... Feel free to work that out ;)
 
Quinn Insurance aren't in administration because they were too cheap (i.e. losing money through undercutting like some of you are saying) - the actual business was making over €20m a month profit, it's just that the company was guaranteed against assets whose value has plummeted in the last few years and this was deemed to be too risky to allow it to continue in its current path. And understandably so.

They've made nearly £3000 out of me in this past two years. I went with them at the time because at 22 they were over £1000 cheaper than anyone else, and almost as much cheaper the year after that. Just done a quick check and it looks like my renewal in 5 weeks time is going to be about £600 more for the year. Not happy!
 
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