Nationwide FlexPlus price increase

Guest2

Guest2

Guest2

Soldato
Joined
6 May 2009
Posts
20,128
FlexPlus is going from £13/month to £18/month starting December 2024.
It covers worldwide family travel insurance, mobile phone insurance and breakdown cover.

A good deal if you use all of it but i only really need the travel insurance (dont have a car and not lost a phone in almost 10 years)

Is there cheap travel insurance policies so I can change the account to regular Flex? What are other doing?
 
Will be reviewing what I can get for £216 a year seperately. I've used the mobile phone insurance a couple of times in the past but the excesses have increased on that.

The breakdown cover and worldwide travel insurance are useful to us but may not be competitive on price any more so will need to see if it's worthwhile going back to the Flex Account with no fee and purchasing the travel and breakdown cover separately now.

Guess those directors bonuses need to be paid somehow. Seems like a totally over the top increase in price.
 
OldKitMan said:
Will be reviewing what I can get for £216 a year seperately. I've used the mobile phone insurance a couple of times in the past but the excesses have increased on that.

The breakdown cover and worldwide travel insurance are useful to us but may not be competitive on price any more so will need to see if it's worthwhile going back to the Flex Account with no fee and purchasing the travel and breakdown cover separately now.

Guess those directors bonuses need to be paid somehow. Seems like a totally over the top increase in price.
Click to expand...
Yeh, guess it's to pay for their 40% bonuses!
 
First I've heard of it. Long gone are the days where they paid interest on deposits in the current account and offered all these. Was a steal 10 years ago, very much not now.
 
Looking at alternatives it could be more pricey

Mobile insurance - AppleCare+ with Theft and Loss (£11.99/month)
Post office - Worldwide insurance for me and partner - Economy Annual Multi-Trip £178.24 (£14.83/month)
 
Guest2 said:
Looking at alternatives it could be more pricey

Mobile insurance - AppleCare+ with Theft and Loss (£11.99/month)
Post office - Worldwide insurance for me and partner - Economy Annual Multi-Trip £178.24 (£14.83/month)
Click to expand...

When last did you claim on insurance? For us I crunched the numbers and over the ten-odd years I paid for the account, I could've bought quadruple the phones I claimed on.

Travel insurance can be had for buttons too, have you tried the comparison sites?
 
Last edited:
Diddums said:
When last did you claim on insurance? For us I crunched the numbers and over the ten-odd years I paid for the account, I could've bought quadruple the phones I claimed on.

Travel insurance can be had for buttons too, have you tried the comparison sites?
Click to expand...
I agree on the mobile insurance.

Worldwide travel (including skiing) is covered by Nationwide. A couple of quick quotes (as im not wanting to get spammed by compare the market and other such sites)

Post office Economy Annual Multi-Trip £178.24 (£14.83/month)
Sainsburys £205 (£17/month)
 
Last edited:
I pay about £60 for a year of travel insurance from the AA (underwritten by AXA), its world wide without USA and no winter sports. If it runs out I don't buy anymore until I go again. If I don't plan to go multiple trips within 6 months I might even just buy 1 off. Depends....sometimes it is as cheap to get a year vs just 2 weeks away....for whatever reason.

I used to pay like £10? (I forgot the number) a month for Barclays's version for their "gadget" insurance..did that a few years and that was like 5 years ago. Probably saved £500 since.
 
Last edited:
If you have medical issues though i would check with them first. We moved when Nationwide wanted extra few hundred when natwest wanted nothing. This year Natwest changed and are also charging more so it makes it slightly pointless to get it packaged.
 
img said:
If you have medical issues though i would check with them first. We moved when Nationwide wanted extra few hundred when natwest wanted nothing. This year Natwest changed and are also charging more so it makes it slightly pointless to get it packaged.
Click to expand...
I dont have medical issue. Yes, looking at the big banks, their prices seems to be around the same for similar services.
 
Apple care is worth it because you shouldn’t be using a case and thus allows for you to not use a case :p

Travel insurance is mainly for the medical side of things, use coverwise and get a basic package it’s £36 for multi trips including the USA.
It doesn’t cover >24 days annoyingly but for those trips just get a specific cover for that trip with the added extras needed for the trip i.e helicopter rescue and you just treat that as a cost to go on the trip.

I don’t see the need in paying for a year multi cover for £100s if you’re only going to be going on a random trip to spain once in a blue moon.
 
Reuben klang said:
Apple care is worth it because you shouldn’t be using a case and thus allows for you to not use a case :p

Travel insurance is mainly for the medical side of things, use coverwise and get a basic package it’s £36 for multi trips including the USA.
It doesn’t cover >24 days annoyingly but for those trips just get a specific cover for that trip with the added extras needed for the trip i.e helicopter rescue and you just treat that as a cost to go on the trip.

I don’t see the need in paying for a year multi cover for £100s if you’re only going to be going on a random trip to spain once in a blue moon.
Click to expand...
Perfect, this is more like it :)

I dont understand this though.

Annual multi trip with winter sports - bronze, policy start date 15/11 - Bronze Annual £40.95 (24 days per trip (ski 17 days/year)
Single trip with winter sports - bronze, policy from 12/12 - 19/12 - Bronze £45.98

Shouldnt a single trip cost a lot less than an annual policy?
 
I use this as it gives breakdown recovery on a Motorhome in Europe plus all the other bits (travel, mobile phone insurance) Stand-alone Motorhome breakdown cover inc Europe is over £250/yr so is well worth it at £13pm, still worth it at £18pm for us.
 
Last edited:
I am going need to do the same and see if separate mobile phone, travel insurance and breakdown cover is better separately.
 
I posted about a similar issue I had with my legacy co op account, then used to give cash back and stopped.. the price of it went up last year to 17.50 per month.

I kept it in the end as it gives my enchanted saving interest rates, it’s also allows me to have the credit card which I do have with lower interest rates, thou I pay it off monthly and I get cash back on the credit card of an amount per year. This makes it cheaper than the modern equivalent of the account which features in the money expert top current accounts to have.

Plus the customer service is really great with the co op… never had any issues getting any stuff resolved.
 
When I realised these things weren't valid for my phone (second hand), the car (too old) so all you're left with is travel? It's cheaper to get a cheap insurance product for me per trip.

My recent trip wasn't even covered by my AXA travel insurance through some nasty loophole. So now I just get a cheap one as so many exclusions. Will never use them again
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom