motor insurance rant

[Tony Pratt 1Participant @tonypratt1]

My RAC quote is due soon, will be interesting to see if it has gone up the usual 20% which I then have to negotiate down.

Tony

[BC ProfParticipant @bcprof]

I too had trouble with the trust website. Correct data entered from the trust document was flagged as not complete when attempting to progress to the next set of data . Finally found the solution . Complete the rest of the data then go back and delete the data that was "processing" and put the same data in the same places . What a wonderful system !

Brian

[Dave HalfordParticipant @davehalford22513]

Posted by Peter Cook 6 on 14/06/2022 19:15:05:

Credit card acceptance fees are not allowed in the UK. However over here you would have been hit with $120 worth of the dreaded VAT.

And we all know America doesn't have State sales taxes

[Alistair Robertson 1Participant @alistairrobertson1]

I had an interesting experience last week while renewing my car insurance. A renewal quote came through the post about 15% higher than last time so I phoned up and try to get some discount.

Not a big reduction was forthcoming so I was able to quote the companies on-line price and the lady said she would meet it, but I countered with less and said "every time you give me a derisory discount I will lower my offer" This threw her completely and she said "OK I will give you £20 off the on-line price"

I of course accepted and considered that it was 10 minutes well spent!

[CirclipParticipant @circlip]

My new three year quote from SAGA informed me that the policy had been increased by more than 50%. Just finished the sixth year with no claims. I quote :-

"New Financial Conduct Authority pricing regulations introduced on 1st January 2022 ensure price equality for renewing and new customers. So, while some existing customers may find their price goes up, the GOOD news is your price will be the same or lower than a new customer who starts a policy in the same way you did".

OK., this is a house and contents policy But I'm sure the FCA regs may be tried to be used on motor insurance.

After a 'Conversation', New price is now LESS than past quite of three years ago for same cover.

Regards Ian.

Edited By Circlip on 25/08/2022 10:48:43

[Roger VaneParticipant @rogervane67137]

My car insurance renewal came in at 70% more than last year. Seems that i was loaded due to a minor coming together of mirrors – just a few hundred pounds, and I didn't even make a claim. All this despite having protected no-claims bonus.

Needless to say that i didn't renew, but went to a comparison site and found a better insurance for less than I paid last year – and a £20 Halfords gift card as a bonus. It pays to look around.

[Bo’sunParticipant @bosun58570]

Hi All, nearly fell of my stool earlier this year when I got the renewal from LV for my 2018 Ford Ranger XLT. £14 cheaper, now what's that all about? Not complaining as you might have guessed. Can't remember the actual premium, but it was less than £300.00.

[Nick Clarke 3Participant @nickclarke3]

A few weeks back I got caught by a manned speed camera on my way home from the college I taught at on my motorbike. Having a quiet rant with some students the next day they were saying 'Oh you must have been going fast Sir!' I just murmured at that point not really wanting to say I was doing 47 mph in a 40 limit! A question of image!

The interesting thing was that when I told the bike insurers I has SP30 and 3 points on my licence my premium did not go up. My car premium was the same – no change but my wife's insurance on which I was a named driver did go up. That led to some long and pointed silences at home for a while!

 

Edited By Nick Clarke 3 on 25/08/2022 15:39:51

[Engine Doctor ( Phil )Participant @enginedoctorphil]

Just make sure you don't leave buying your insurance too late . If an isurer know you need the insurance yesterday the price will sky-rocket . If you have time to shop around and put the start date say in a fortnights time you get a better quote . We , my wife and I found out the hard way .

[pgk pgkParticipant @pgkpgk17461]

Posted by BC Prof on 25/08/2022 08:36:08:

I too had trouble with the trust website. Correct data entered from the trust document was flagged as not complete when attempting to progress to the next set of data . Finally found the solution . Complete the rest of the data then go back and delete the data that was "processing" and put the same data in the same places . What a wonderful system !

Brian

That worked here today – fill in all the boxes then delete them all and repeat with exactly the same data. Carp system!

Just make sure you don't leave buying your insurance too late . If an isurer know you need the insurance yesterday the price will sky-rocket . If you have time to shop around and put the start date say in a fortnights time you get a better quote . We , my wife and I found out the hard way .

The sweet spot used to be 3 weeks prior but some guys on one car forum have found that's a bit more variable and nearer a month now. In my case I’d done a quote 5 weeks prior and got good results -had to lie about start date cos they only go 1 month ahead – but then edited the start date on the quotes that were returned.

It's like haggling in the souk

pgk

[Richard MillingtonParticipant @richardmillington63972]

Posted by Circlip on 25/08/2022 10:48:04:

My new three year quote from SAGA informed me that the policy had been increased by more than 50%. Just finished the sixth year with no claims. I quote :-

"New Financial Conduct Authority pricing regulations introduced on 1st January 2022 ensure price equality for renewing and new customers. So, while some existing customers may find their price goes up, the GOOD news is your price will be the same or lower than a new customer who starts a policy in the same way you did".

OK., this is a house and contents policy But I'm sure the FCA regs may be tried to be used on motor insurance.

After a 'Conversation', New price is now LESS than past quite of three years ago for same cover.

Regards Ian.

Edited By Circlip on 25/08/2022 10:48:43

Saga have just asked me for a 25% increase on the house insurance, I'll be going elsewhere.

[Colin HeseltineParticipant @colinheseltine48622]

I cannot remember the last time I saw an insurance quote less than £150. It must have been at least 30 years ago. Currently one is around £650 and the other £380. The first of those is limited mileage (8000).

Colin

[Mike PooleParticipant @mikepoole82104]

Perhaps the tactic of saying give me your best price for a renewal and if I like I will stay, I think Alistair is a good negotiator perhaps we should all practice the art of a good haggle.

Mike

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