Car insurance renewal

[Andy from Sandy]

I have two cars to insure and the policy renewal date was on the 13th. This is late because I don't normally do these kind of posts.

I got the renewal through from Admiral. It is their multicar policy and they wanted £638. I decided to put my details in confused.com to see what the result would be. Having been given a lower figure for car #1 I called Admiral for a re-quote. They knocked off £21!

I then started to try different figures at confused.com and got a comparable policy from Admiral that would bring the quote down to £466. I purchased the policies on line. This is two separate policies.

A couple of days later I got a call from Admiral suggesting I convert the two polices to multicar and save a further £40. It was pointed out that this did not include the £30,000 personal injury cover and it could be added for £20 per person. Bingo!

So from an initial, if I had done nothing, £638 I have arrived at the same cover for £466.

I am sure most do what I have decided to do this year but many probably just allow their insurance company to make an automatic bank withdrawal.

Happy Christmas to you all. :cheers2:

[Mslater]

Thanks Andy, but it gets worse than that.

If you pay monthly for your cover you'll find that what actually happens is that you take out a loan to cover the premium. This is charged at a rediculous interest rate and it works out better to buy the insurance on your credit card.

Personally I dont see why you should have to pay any interest, I'm sure it nerver used to be like that. After all its not like they provide cover 'up front'

[Andy from Sandy]

[quote]If you pay monthly for your cover you'll find that what actually happens is that you take out a loan to cover the premium.[/quote]

Fortunately I am able to pay the whole premium in one go, but yes I have seen the extra cost of paying monthly.

When I went to pay they now show that they charge if you use a credit card. I used my debit card to save the £4 or so charge.

I also had this from another online place but can't remember where it was now.

[Jamin_00]

They take advantage as most young drivers cant afford the high premiums to bang out in one go.

Heck most cant afford the high premiums monthly as some quotes you hear nowadays for starters and learners is incredible.

[Ewan]

It always pays to try a few quotes at renewal for any insurance, I would always try confused.com comparethemarket.com and also worth trying a local independant broker.

[danch]

I have used A-Plan for the past 3 years, year on year they beat everything that confused & comparethemeerkat.com come up with & good customer service.:)

Dan

[Mark_T]

I've got into the habit of re-quoting for all our car and home insurance policies every year.

Typically we 'save' between £200 - £300 in total each year by doing this.

Personally I find this sort of behaviour right up there alongside the savings accounts that pay less than the current offers for new accounts from the same bank etc.

All just preying on people who don't review these things frequently, not exactly delivering good customer service ...

[Dedcalm]

[quote=danch;578841]I have used A-Plan for the past 3 years, year on year they beat everything that confused & comparethemeerkat.com come up with & good customer service.:)

Dan[/quote]

I do to, the imports go through the thatcham special schemes and the UK cars go through Basingstoke branch. They have always been very helpful, insurers are good when it comes to claims, their legal cover is also great (used it to great effect).