Claim "Friendly" Insurers

On Holiday · 11 Nov 2015 at 14:09

Wrote off my car last month, looking for insurance on a new car, before I start ringing round - are there any I should put at the top of the list that won't rinse me as much as others may do for having an own-fault claim?

Thanks

Edit: Being 21 certainly doesn't help either.

On Holiday · 11 Nov 2015 at 14:13

Ah, thought there may be insurers that don't mind drivers with a claim as much as others do.

I see Sky, Adrian Flux etc thrown around as being more competitive in that respect - though haven't tried them yet.

On Holiday · 11 Nov 2015 at 14:18

Makes sense, haven't received a settlement figure just yet from my current insurers, but I'm expecting 10,000-14,000 depending how kind they're feeling.

On Holiday · 11 Nov 2015 at 16:57

Called Admiral (current insurers)

They "cancelled" my policy a couple days ago as the car was wrote off.. So if I go and put I've had a cancelled policy in the last 5 years on comparethemarket, it bumps prices up by about £800 !

Called Admiral to see what it would be like to re-activate the policy until March 2016 on the same model car and if it would still count as a "cancelled policy", they said £23.66 and it wouldnt count as cancelled (need to check that..). So looks like going with renewing/re-activating is my only logical option atm to save getting stung further.

On Holiday · 11 Nov 2015 at 18:05

Ah right. Thanks for the info.

I didn't get round to asking them if it that now counts as a cancelled policy which I need to declare in future to insurers, just assumed that it was.

"As a result, all insurance cover for this vehicle is cancelled for you and any other drivers on the policy with effect from 05/11/2015."

Anyways. I had 3 and a bit no claims, so if I had made it to March 16 it would've been 4. They've told me that they're knocking 2 years off so if I carry on to March 16 I'll have 2 years no claims. If not, then I have 1 years NCB at present.

Is that an Admiral thing or, when it gets to March 16, are other insurers going to accept that i have 2 years NCB bearing in mind the claim would've been in the last 12 months.

I've no problems staying with them though, happy with how the claims been going so far.

On Holiday · 11 Nov 2015 at 18:17

Oh okay, thought it was just an Admiral thing, as I assumed if you have a claim then you lose them all.

That's right then isn't it? (Probably the way I worded it)

So as of now, I have 1 years no claim. If I re-active my policy til March 2016 I'll have 2 years NCB.

On Holiday · 11 Nov 2015 at 22:19

Yeah am happy to stick with them. Was just getting quotes on comparethemarket to prepare myself for the worst

On Holiday · 12 Nov 2015 at 15:57

Thought I'd bump this one back up save opening a new thread.

I wrote off my Subaru WRX STI Type UK Hatchback 2008 with 26,000 miles on it off a couple weeks ago (having only owned it since August 2015).
It also has the Prodrive Performance Pack optional extra which is around £1200

I paid £15,000 for it with a full service included, had FSH and in great condition so I was happy with that price.

I've had a settlement figure / first offer from Admiral today
Market Value: £11500 minus excess.. £10800

How should I go about asking for more? Or am I being unreasonable?
I definitely do not expect £15,000 back at all. But I was hoping for more around the £13,000 mark which could help me get closer to the same model with less than 50k miles.

The lowest price same model is £11800 which has 10,000 more miles and does not have the PPP.

As it stands on ebay I cannot find any with less than 50,000.

On Autotrader the closest one I can find, though 2 years newer but with 25,000 and PPP is £16000.

Thought I should mention that I do intend to buy back the car from them and then either scrap it myself or sell it on to a scrapper which should bring me a minimum £3000 back, but I'm yet to ask how much they for me to buy it back.

On Holiday · 12 Nov 2015 at 16:02

Simple as that then?

I'm currently making a list of all the Subaru Impreza WRX STI Hatchbacks for sale (there's only around 10-15) with mileage, condition, price and whether it has PPP.

On Holiday · 12 Nov 2015 at 16:04

Oops, quoted instead of edited .

List of 2008-2010 same model cars.

2009 - No PPP - 35,500 miles - £15995
http://www.pistonheads.com/classifi...a-sti/subaru-impreza-im6-wrx-sti-2009/4910380

2008 - No PPP - 50,000 miles - £12989
http://www.ebay.co.uk/itm/2008-Suba...037233?hash=item33a7b5bbb1:g:a-gAAOSwwbdWJlE9

2008 - No PPP - 59,382 miles - £14500
http://www.ebay.co.uk/itm/2008-Suba...027823?hash=item46439c4e2f:g:lbQAAOSwo6lWPrwt

2008 - No PPP - 67,000 miles - £12450
http://www.ebay.co.uk/itm/Subaru-Im...139097?hash=item2ca3e33b59:g:9AMAAOSwo6lWNQOs

2008 - No PPP - 67,000 miles - £13495
http://www.ebay.co.uk/itm/Subaru-Im...088268?hash=item2ca41f7dcc:g:i70AAOSw14xWOz6D

2009 - PPP - 39,000 miles - £15994
http://www.pistonheads.com/classifi...0-bhp--18-alloys--fssh--privacy-glass/4830358

2008 - PPP (330S) - 53,000 - £14975
http://www.ebay.co.uk/itm/2008-Suba...583164?hash=item3f569594bc:g:njEAAOSw5ZBWM46h

2008 - PPP - 60,000 miles - £12,998
http://www.ebay.co.uk/itm/2008-08-S...760210?hash=item1c5c3fa912:g:NBAAAOSwT5tWOkTX

2008 - PPP - 76,000 miles - £11995
http://www.ebay.co.uk/itm/2008-Suba...844030?hash=item3d08097abe:g:HzYAAOSw4SlV7qwt

PPP = ProDrive Performance Pack - value of £1250 (plus £250 labour to fit)
9 to 10 months MOT left - no advisories on previous MOTs
Had full service prior to sale - £500

On Holiday · 12 Nov 2015 at 16:29

Okay

Just thought it might be an idea as to the condition and history prior to writing it off etc.
Never had a claim before so just throwing everything in.

EDIT: On the phone now - they're sticking to the Glass's Guide value of £11500 - They said it's in the highest bracket already as it has very low miles which has added £3000 onto the valuation..
I asked them to re-consider that based on there are none available for that price with less than 50,000 miles.. They said they don't go on market value or based on whats available for sale at present but they can go to £11700..

They say the Prodrive Performance Pack cannot be included as it isn't in the Glass's guide list.

Salvage Price of the vehicle if i want to buy it back - £2575 and they pay me back £8426.

On Holiday · 12 Nov 2015 at 16:51

I said that I've made a list of the same model cars for sale and that I'll send it over and she replied "that wouldn't be necessary, we can't go on current market value"

I did say that I valued prodrive pack at £1200 but she said she can't take that into consideration as it's not listed in glass's guide list.

Anyway, she said she'll call back tomorrow to ask if I've made a decision..

Guess I'll just say I reject that offer, I couldn't buy the same model car for the price they're offering and that they need to re-evaluate or something?

On Holiday · 13 Nov 2015 at 17:51

Update:

Got called to see if I had made a decision, I said I'd reject it and she put me on hold for the "engineers to review the value". Off hold and she pushed to 11900.

She said that's the top book price in the Glass's guide etc - in response to that I said that I'm not a trader and cannot purchase vehicles at trade price) and there are no same models on the market for that price of similar mileage/condition.

She said again that market value does not equal asking price so can't go by the online advert prices etc.

Said I think I'll have to make a complaint then as there's no way I can purchase the same model car in same condition with mileage, and that I know for a fact the trade price of my own vehicle when it was purchased in June by the dealer that sold it to me was higher than what they're offering.

Anyway, she said she'll pass it onto senior members to review the valuation against three other guides and I'll hear back Monday/Tuesday

On Holiday · 13 Nov 2015 at 17:55

Alright, I'll wait half the day Monday for their call, otherwise I'll call them up towards the end of the day and get an email address to contact them through.