Insurance Win

[wez130]

Never had a really expensive quote, but swiftcover sent my renewal for my A6 (me 34, no claims, her 27 with 1 fault claim), had gone up from £600 to £850 with no explanation why, i got straight on to the comparison sites and found a quote for £437, almost half of what swiftcover wanted, i guess that's a win

 

[Minstadave]

Swiftcover went mad with my renewal for 700 to 1100 for an A3 2.0T (27 3 years NCB), Admiral were 630 so I moved on.

 

[Peerzy]

Good price, bearing in mind the excess only applies to fault claims.

Value wise though, in event of it being written off or totalled, you will only get the value of the car, not what it costs to replace. In short the trade cost of your model, without the added profit, warranty, tax and service costs that are added to the sale price when you buy from a dealer.

Jack

I was under the impression that with your payout you should be able to basically buy your car again locally to you. So showing them 10 AT links with a 2007 3.4S Boxster S with my miles and spec for £18k would 'prove' that's what I needed to replace my car.

Well if you are happy with that excess then fine. Most people could get a good quote with a ~£1000 excess.It is nothing special. One of the main reasons to have insurance for most people though is the safety net of knowing that if they crash their car ( or even if someone crashes into theirs and runs off/has no insurance), they only have to pay a small excess to get it fixed.

You also do a small amount of miles as well. I wouldnt call it insurance win, more "I have worked out that having a very high excess means my premium is lower"

The excess doesn't bother me massively, if I write the car off, I lose £900 out of a £15k+~ payout. More than enough more for me replace the car with a similar model/something else. It's less than 7% of the value of the car, and I wouldn't have thought twice about a £250 excess on a £2000 car.

I obviously don't have to pay the excess if the claim isn't my fault and my partners excess is only £650 due to her being over 25. Fire and theft are still only £200 (iirc).

@Peerzy

Guessing GU postcodes are pretty low risk, even with the high excess that's still a good premium for the car. My postcode is D on the ratings. Im 22 with 1 years NCB and even a Skoda Octavia VRS (diesel) would cost me £1400 to insure.

I assume low but I've no idea. I don't seem to have any issues getting insured on anything.

How did you manage to afford a Porsche Boxster S at 21? lol

By saving

Whats your postcode ?

Or at least a postcode of a street somewhere near you that will have the same insurance rating ? (for comparison purposes)

GU21 2PB was my old post code and GU24 9BX is my current post code.

Bear in mind that your insurance, unless you've a guaranteed value which I doubt as this isn't an old classic policy, will be looking to cover the actual value of the car at that time.

So if you insure it at the point it has a market value of £15,000 and then promptly put 50,000 miles on it in the next 11 months before totalling it, you're not going to see £15,000 thanks to all those miles and it being nearly a year older.

That level of excess for me pretty much makes the insurance good for a write off anyway.

Yeah, my understanding of insurance is your payout should be the 'value of your car at the time of crash'.

Where by the 'value of your car' is the amount of money it would take to replace with the closest possible example local to you (within reason).

 

[JackRegan]

If the AT ads are all private sales then it will help, but not guaranteed. You won't get what Porsche or other dealers are selling them for though as that price includes a whole buch of extras. Hence when you buy a new'ish car GAP insurance is a good idea.

Another thing that can catch some people out is when they pay their annual policy monthly they think it is simply monthly insurance, pay as you go so to speak. Any total loss claim made off their insurance will have the balance of the premium deducted from their settlement. A policy has to be paid up to claim off and is then non refundable.

Look at what the book price for your car, I've no idea what it is tbh, but a good way is to ask a dealer or even prentend to want to sell your car to a garage and see what they offer.

Jack

 

[SGWills]

the final settlement goes by condition and mileage, also they check to see if the ads you send them hold the same amount of Tax as the vehicle your claiming against and also if the MOT is due etc. They will remove any finance from your settlement as well and pay the finance company back too.

 

[Fr0dders]

GU21 2PB was my old post code and GU24 9BX is my current post code.

With my WF1 postcode, despite being nearly 30, with 5 years protected NCB and no convictions or claims. The best price on my boring old S60 was ..

£820

Using your Gu24 postcode however, the best price was down to £615

£200 cheaper