Had a call from ecar today about freezing the value of my car incase it is written off. As it was a new scheme for them they were offering 3 years for price of 1. They asked me the value of my car and I stated the price as £4000 but the market has changed since i purchased and they are now £4,500 or more on autotrader and he excepted that. The cost is £180 which seems good value at £60 per year and wondered if anyone else had experience of these policies and if they are worth the paper they are written on? Mileage is unlimited and only an mot needs to be kept upto date and you can move your insurance to other companies. Sorry for lack of paragraphs as my phone browser seems to be ****
Insurance; Fixed car values
- Thread starter Usel
- Start date
I can't speak for UK insurers on this, but my gf is a New Zealander and these policies are quite common. For example, she has a Subaru Legacy RSB (206kW awd sedan) that cost her $20,000 NZD about 6 years ago. She has it insured still for $20,000 NZD at a fixed price for a slight premium. And so far the insurers over there, if they agree with the price, do pay out as agreed.
I personally think its a great move, as it would give me a little bit more security!
I personally think its a great move, as it would give me a little bit more security!