Jump to content


Show
Photo

You Vs Insurers? Who Won At Renewal Time?

insurance renewal cheaper

  • Please log in to reply
26 replies to this topic

#1 jeebowhite

jeebowhite

    Resident Loon

  • Super Mod
  • 16,086 posts
  • Name: James
  • Ford Model: Sea Grey Mondeo MKIV 1.8TDCi 140ps Zetec
  • Year: 2007
  • Location: Kent
Contributor

Posted 13 May 2013 - 01:09 PM

OK so, I love insurance renewal time! maybe I am sad...

 

You see, I have been with the same insurers for the last four years, and each time they want to renew my policy, they charge me a lot more, so I like to play the game!

 

For the record, I tend to go for 10 month accelerator policies, as opposed to 12 months.

 

Today I got a letter, renewal was £758! so I jumped on the price comparison websites... Got a best price of £950'ish for a 12 month cover. Phoned up the Owners club insurance who found me an excellent deal of £630 plus all I was getting from my current insurer, but the penalty was a £450 excess (non negotiable!)

 

I phoned up Admiral, and advised them of this better deal (much more different). Told them that I was getting all the bells and whistles with Adrian Flux, but I added in a few that Admiral hadn't yet offered me.

 

So if I took the policy exactly as it was, they would have given me the same price of £630, whilst thats good, it wasnt good enough!

 

So after a bit of talking I got the price to an acceptable £665, for that I got all the stuff I had before, but also got:

 

Key Cover (£1000.00 cover)

Lower Excess (£300 instead of £350)

Excess will drop by £150 in January on my birthday

Current Modification's included.

 

All in all, I saved just over £70 off their renewal price and got a handful of goodies to boot!

 

oh and if I want to add a tuning box, it will only cost me £20, unfortunately the same couldn't be said of Adrian Flux's company as they would have had to add almost £100

 

Goes to show, look around, and see what you can get!

 

Year five begins...



Have something to contribute?

Sign in or register to start a topic...

Sign up to FOC Premium Membership To Remove These Ads

#2 stevegtuk

stevegtuk

    Stevegtuk

  • True Ford Enthusiast
  • PipPipPipPip
  • 549 posts
  • Name: Steve
  • Ford Model: MONDEO
  • Year: 2006
  • Location: Yorkshire

Posted 13 May 2013 - 04:40 PM

mines due on the 15th, i got my renewal of £660 from esure without all the mods on te car. I was intending to decleare most of them as im just asking for trouble if i dont, so i figured it will be a load more than the original quote with esure, so i rang adrian flux. I put in the mods and got a Quot back of £610 with also key cover, lower excess and personal accident, which wasnt covered with esures so i took it striaght away.

Yes i could have done more shopping around, but i couldnt be bothered with giving my details every time blah blah blah,,, and with this quote saving me £50 with mods and the extra cover there was no point even bothering.



#3 Preee

Preee

    Ford Fruitcake

  • Moderator
  • 4,099 posts
  • Name: Paul
  • Ford Model: Focus Tit X Mk3 | Fiesta Zetec Mk7
  • Year: 2012
  • Location: Shropshire
Contributor

Posted 13 May 2013 - 04:49 PM

I never keep the same insurance company for more than a year , i always change as they always put the price up , just by shopping around i manage to get the price lower , if you stay , loyalty seems to be worthless to these insurance companies.



#4 Lenny

Lenny

    Retired Moderator

  • FOC Supporters
  • 9,427 posts
  • Name: Leonard
  • Ford Model: Focus ZetecS
  • Year: 2010
  • Location: Ireland
Contributor

Posted 13 May 2013 - 05:04 PM

Aw huh!! Just received a form from my insurance today to fill in ALL Modifications!!
I can't remember all of them lol

#5 b1g_dav3

b1g_dav3

    Ford Enthusiast

  • Moderator
  • 2,516 posts
  • Name: David
  • Ford Model: Fiesta Zetec S TDCi
  • Year: 2013
  • Location: Lancashire
Contributor

Posted 13 May 2013 - 06:09 PM

Ask Adrian Flux how much it'd be modified, sometimes you find if you do a small engine mod, you end up with a reduction with them as they specialise in modified vehicles. They used to insure one of my Mini's.



#6 Turvey

Turvey

    Feet Under The Table

  • Budding Enthusiast
  • PipPipPipPip
  • 368 posts
  • Name: Kevin
  • Ford Model: Focus 1.6 Zetec
  • Year: 2005
  • Location: Orkney

Posted 13 May 2013 - 09:56 PM

I always use a comparison site after I get my renewal from my current provider. I then go back to current insurer and tell them that I'm cancelling for a cheaper policy and 9 times out of 10 they'll match it or get close enough to stay with them.

 

I have also started going through cash-back sites as well which makes the deal even sweeter  ;) Typical Scot, short arms, deep pockets  :D



#7 b1g_dav3

b1g_dav3

    Ford Enthusiast

  • Moderator
  • 2,516 posts
  • Name: David
  • Ford Model: Fiesta Zetec S TDCi
  • Year: 2013
  • Location: Lancashire
Contributor

Posted 14 May 2013 - 12:29 PM

You can always cancel the policy and take out a new one with the same company, if you're not too peeved that they tried ripping you off for your loyalty, but all do it :P



#8 Dal.

Dal.

    Feet Under The Table

  • New Member
  • PipPipPipPip
  • 139 posts
  • Ford Model: Focus ST225
  • Location: Cambridgeshire

Posted 14 May 2013 - 12:42 PM

None of the so called "specalists" such as Sky / Adrian Flux / Greenlight could get near my Aviva quote of £360 last year with mods declared.

 

So all in all for a modified Focus ST with circa 280bhp, I think I won :)



#9 jeebowhite

jeebowhite

    Resident Loon

  • Super Mod
  • 16,086 posts
  • Name: James
  • Ford Model: Sea Grey Mondeo MKIV 1.8TDCi 140ps Zetec
  • Year: 2007
  • Location: Kent
Contributor

Posted 14 May 2013 - 03:30 PM

some good success stories.

 

You do have to play the game and play one off the other to get a reasonable quote and reasonable price!

 

My cost is only so high due to my accident a few years back. At least now, next time I renew, it wont have happened in the last three years, should be cheaper still, plus my discount for hitting 25 :D

 

I find that loyalty is only worth something to some insurers, so far though, I have to say challenge Admiral, and they will do all they can to keep you. As of yet, I have no reasons, wishes, or negative experiences really worth leaving them!

 

Cheap quote, cheaper excess, cant complain!



#10 Steve

Steve

    Administrator

  • Admin
  • 4,938 posts
  • Ford Model: Kugy
  • Location: Dorset
Contributor

Posted 14 May 2013 - 05:04 PM

i always find hat with a lot of online quotes is sometimes the voluntary excess is overlooked. with voluntary excess it will make the quote cheap.. tescos do this.

 

Of course using compare sites the actual second year will always be more expensive as the comparison site makes all the money on year one. year two the insurance companies make up their losses. A percentage stay on purely because of laziness.

 

with Adrian Flux they usually always try and beat any price i find.

members should always try Owners Club insurance (administered by AF).. nothing to loose and many members have saved loads



#11 Brigante

Brigante

    Resident Ranter

  • FOC Supporters
  • 2,405 posts
  • Name: Charlie
  • Ford Model: Focus Ghia 1.6 115BHP
  • Year: 2005
  • Location: Nottinghamshire
Contributor

Posted 14 May 2013 - 05:22 PM

i was with admiral, paying about £1200 for my focus

 

just before renewal i had a change of address n they come back with a quote of £2400!!! just cause of the new address

 

i got a quote from greenlight and they come back with a quote of 695quid with all mods declared

 

when i phoned admiral to say i wouldnt be renewing with them they asked if i'd stay if they'd match the lower quote

 

i just said it was too late. dont see how they'd come down too 700quid anyway after quoting me 2400quid at my new address

 

 

i dont use comparison sites cause they always give me silly quotes of 1800quid at  the cheapest or around 1400 with a silly black box fitted



#12 jeebowhite

jeebowhite

    Resident Loon

  • Super Mod
  • 16,086 posts
  • Name: James
  • Ford Model: Sea Grey Mondeo MKIV 1.8TDCi 140ps Zetec
  • Year: 2007
  • Location: Kent
Contributor

Posted 15 May 2013 - 10:07 AM

I would have gone with Adrian Flux, however the excess was just too high (450 compulsory) whereas with Admiral its £350 for the next 7/8 months and then 150 ish from Janurary onwards.

 

Admiral only just gave me the better quote...

 

Rule of thumb - Do a comparison, then go direct to them, see if they give it cheaper.

 

Also take this scenario.

 

Lets say you have a policy for £1000 for your car. with a compulsory £100.00 excess.

If you choose a £100.00 voluntary excess, your quote may only come down by a tenner or twenty quid!

if you choose a £200.00 voluntary excess, again, it may only come down by about £50 or £60 quid.

 

Moral of the story (learned the hard way by myself!) dont rely on a high excess to bring your insurance down. I had to find £750 for my excess, which I thought was the cheaper way to go... It wasnt...

 

And when your only going to cost yourself an extra 10-20% on your insurance premium by keeping your excess as low as possible, in the worst case scenario, you will be better off, as you wont need to sell a limb to pay the excess, then sell your bottom, bent over a desk - when the insurance comes renewing next time around...



#13 jeebowhite

jeebowhite

    Resident Loon

  • Super Mod
  • 16,086 posts
  • Name: James
  • Ford Model: Sea Grey Mondeo MKIV 1.8TDCi 140ps Zetec
  • Year: 2007
  • Location: Kent
Contributor

Posted 16 May 2013 - 01:03 PM

just thought I would post an update to this. My insurance just cost me another £20.00

 

Seems that they didnt have it on their system that I have the LED light bulbs on the car, so I have made them aware and its classed as "sport lighting" unless its an "optional extra" from the manufacturer :P

 

So for that £20.00, I can now make any light changes I like to the car, not that I will be doing that much! but be aware, that if you do install any LED footwell lights, or change any standard bulbs for LED ones, you must notify your insurer, as small a change as it seems, its either a small or no fee now, or a void insurance policy if the worst happens!



#14 BeccaaCat

BeccaaCat

    Serial Poster

  • Budding Enthusiast
  • PipPipPipPip
  • 469 posts
  • Name: Rebecca
  • Ford Model: Mountune Fiesta Zetec S
  • Year: 2009
  • Location: Berkshire

Posted 16 May 2013 - 02:01 PM

I think we won :P
Got the insurance down from £2300 to £1400, and they gave us an introductory 3 years NCB too :)

#15 Jack92

Jack92

    Settling In Well

  • Budding Enthusiast
  • PipPipPip
  • 39 posts
  • Name: jack
  • Ford Model: Fiesta
  • Year: 2011
  • Location: Lancashire

Posted 16 May 2013 - 06:39 PM

I think we won :P
Got the insurance down from £2300 to £1400, and they gave us an introductory 3 years NCB too :)


Who's that with?


I personally feel like the insurance have won every year with me so far, although one of the only reasons i bought the fiesta was cheap insurance my quote on the s1600 is £880. Finally I'm paying less than the value of the car for insurance

Have something to contribute?

Sign in or register to start a topic...


Not what you're looking for?

Register now, we have a huge community of enthusiasts to answer any questions you might have




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users