a98pmalcolm Posted June 22, 2011 Share Posted June 22, 2011 Hay all. Ok i spent bloody ages trying to sort my insurance on the phone to companys and i have finaly came out with 2 options both with benifits. Option: 1 Sky Insurance Total cost £790 fully comp Insured to drive other peoples cars 3rd party Im with them already so less hassel to contine with them APR on paying monthy about 13% making monthly payments reaonable £400 total excess Option 2: HIC (Sister Company to Adrian Flux) Total cost £785 fully comp Insured to drive other peoples cars 3rd party Like for like Mods cover APR on paying month 34% which is VERY high, or 3 monthly installments with a set charge of £50 interest But for my next year policy i get a 10 - 20% discount. £400 total excess What apeals the most with HIC is my 10 - 20% discount cover for next year, Sky Insurance bumped my insuance buy £160 this year and the only reason there offereing it now at £790 and not £867 (after lots of hassel) is because Competition Car Insuance offered it for £788 but Competition Car Insuance wont Insure to drive other peoples cars 3rd party which i need as i use my mums car here and there. But with Sky i can pay a £200 deposit and pay around £65 a month without worry of paying silly amount of interest and im with them already so less hassel of sorting out all the paper work with a new insurance company, HOWEVER im going to have to go through all the hassel of insurance again next year as they will try and charge me more. My feeling is going with HIC and pay my insurance outright. What do you guys/girls think? Thanks Paul Quote Link to comment Share on other sites More sharing options...
Homer Posted June 22, 2011 Share Posted June 22, 2011 The APR on the HIC policy is outrageous, I'd be a bit wary of the future discount claim as they'll be sure to state next year the base rate has risen, thus negating the discount (a common ploy by pretty much every insurance company - in any other business it would be called fraud, but insurance companies still seem to get away with it!) Have you asked Sky about the 4 month payment plan? I use this every time. The payment is spread over 4 months but there is no APR, only a small fee. It makes things much more manageble rather than taking out a high APR loan for a year. Quote Link to comment Share on other sites More sharing options...
SilverSoop Posted June 22, 2011 Share Posted June 22, 2011 I don't know how true this is but I heard on the news that companies are planning to raise insurance premiums by as much to 30% more!!!! I hope this is not the truth because that's just bloody silly Quote Link to comment Share on other sites More sharing options...
The-Plethora Posted June 22, 2011 Share Posted June 22, 2011 Do either of those quotes have an agreed value? Quote Link to comment Share on other sites More sharing options...
Dnk Posted June 22, 2011 Share Posted June 22, 2011 Have you tried Livingstone Warman Ins brokers ? Quote Link to comment Share on other sites More sharing options...
stevie_b Posted June 22, 2011 Share Posted June 22, 2011 What Homer said. It might be worth finding out if HIC will commit to an actual 10-20% reduction next year in the final premium. Otherwise they can offset this reduction with any number of teeth-sucking reasons to raise the premium by 10-20% (or worse), leaving you where toy started. Insurance companies' premium calculation processes make FIFA's voting procedures look crystal-clear. Quote Link to comment Share on other sites More sharing options...
TubbyTwo Posted June 22, 2011 Share Posted June 22, 2011 Thought about trying a classic insurance company? Quote Link to comment Share on other sites More sharing options...
Paul Whiffin Posted June 22, 2011 Share Posted June 22, 2011 Did you try Competition Car Insurance in the end? Quote Link to comment Share on other sites More sharing options...
johnny g Posted June 22, 2011 Share Posted June 22, 2011 Thread moved to Insurance Quote Link to comment Share on other sites More sharing options...
Havard Posted June 22, 2011 Share Posted June 22, 2011 Is this a daily driver then? Quote Link to comment Share on other sites More sharing options...
Abz Posted June 22, 2011 Share Posted June 22, 2011 As said by Homer, what if HIC said next your your insurance is now £1,200 but we will knock off 20% for you as agreed. That will be £960 please sir, that price is if you pay in one go, if you don't then please add 34% more! Quote Link to comment Share on other sites More sharing options...
a98pmalcolm Posted June 22, 2011 Author Share Posted June 22, 2011 Did you try Competition Car Insurance in the end? YEr i did thanks for directing me there way. There the ones that gave the cheapest quote and for the reason HIC and Sky matched there price but Competition woudnly cover me 3rd party on anyone elses car and i need that as i use my mums here and there.. Yer good point homer with HIC that HIC may bump up the price next year and then lower is 10 - 20 % mite be worth calling them tomoro evening and get in in writing then go from there.. Quote Link to comment Share on other sites More sharing options...
a98pmalcolm Posted June 24, 2011 Author Share Posted June 24, 2011 Ok desided im sticking with sky. Especially as HIC didnt add the legal cover, it was then £802 with legal cover and i questioned there 10 -20 % off next years policy, but that 10 - 20 % what ever the premium would be so after a little shop about and haggling i could get the 10 - 20 % off from anywere. Im more than likely not goin to pay a deposit as i dont need to and just pay monthly as i really want my management soon lol. Thanks for all the advice people. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.