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Geoff Mackenzie
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 Posted: Thu Mar 13, 2008 2:17 pm Post subject: Classic insurance |
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Confused.com are currently running a £1m lottery for requesting a quote. In
an idle moment, of which I have many these days, I entered the details of
the E to see what sort of quote I could get.
The email I received back said that they had contacted 97% of insurers, and
not one was prepared to quote. They listed 20 - reasons included "won't
quote on modified cars", "don't do classics", "registered keeper must be the
same as the owner", "won't quote if previously declined" etc. Fair enough;
I was strictly accurate in all the details I gave; probably could have done
better by fudging things a bit, but thought it better to play straight.
Where it all disappeared into fairyland and gave me the giggles was that one
of the companies who declined to quote was the one which has actually
insured the car for the past ten years. Ho, hum. Good stuff, this
interweb.
GMacK |
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Rob.
Guest
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| Posted: Thu Mar 13, 2008 4:46 pm Post subject: Re: Classic insurance |
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Geoff Mackenzie wrote:
| Quote: |
Confused.com are currently running a £1m lottery for requesting a
quote. In an idle moment, of which I have many these days, I entered
the details of the E to see what sort of quote I could get.
The email I received back said that they had contacted 97% of insurers,
and not one was prepared to quote. They listed 20 - reasons included
"won't quote on modified cars", "don't do classics", "registered keeper
must be the same as the owner", "won't quote if previously declined"
etc. Fair enough; I was strictly accurate in all the details I gave;
probably could have done better by fudging things a bit, but thought it
better to play straight.
Where it all disappeared into fairyland and gave me the giggles was that
one of the companies who declined to quote was the one which has
actually insured the car for the past ten years. Ho, hum. Good stuff,
this interweb.
GMacK
|
I like that, have similar here had to renew a policy, was sent the
renewal for about $500, phoned them up and asked for a discount, several
reasons, like having other polices with them, and then told them, I only
drove low miles, OK it came down $300. This was about the same as the
previous year. Why did they jack the price up over 150% for starters.
Yes the MG has been insured with them for the last 8 years.
r |
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Timo Geusch
Guest
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| Posted: Thu Mar 13, 2008 11:31 pm Post subject: Re: Classic insurance |
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"Rob." <mesa@mine.com.> writes:
| Quote: |
Geoff Mackenzie wrote:
Confused.com are currently running a £1m lottery for requesting a
quote. In an idle moment, of which I have many these days, I
entered the details of the E to see what sort of quote I could get.
The email I received back said that they had contacted 97% of
insurers, and not one was prepared to quote. They listed 20 -
reasons included "won't quote on modified cars", "don't do
classics", "registered keeper must be the same as the owner", "won't
quote if previously declined" etc. Fair enough; I was strictly
accurate in all the details I gave; probably could have done better
by fudging things a bit, but thought it better to play straight.
Where it all disappeared into fairyland and gave me the giggles was
that one of the companies who declined to quote was the one which
has actually insured the car for the past ten years. Ho, hum. Good
stuff, this interweb.
GMacK
I like that, have similar here had to renew a policy, was sent the
renewal for about $500, phoned them up and asked for a discount,
several reasons, like having other polices with them, and then told
them, I only drove low miles, OK it came down $300. This was about the
same as the previous year. Why did they jack the price up over 150%
for starters.
|
Because that's how they make money - the first year is usually a loss
leader, and depending on the rest of the market, they try hiking the
rates when it seems "appropriate". |
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Jim Warren
Guest
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| Posted: Fri Mar 14, 2008 12:57 pm Post subject: Re: Classic insurance |
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Timo Geusch <tnewsSPAMMENOT@unixconsult.co.uk> wrote in message
news:87iqzq5vcd.fsf@odie.unix-consult.com...
| Quote: |
"Rob." <mesa@mine.com.> writes:
Why did they jack the price up over 150%
for starters.
Because that's how they make money - the first year is usually a loss
leader, and depending on the rest of the market, they try hiking the
rates when it seems "appropriate".
|
That's how Carole Nash treated me when I insured the PI. Decent price first
year. Second year it went up 20% because it now covered European travel
(which I didn't want) and free breakdown assistance (which I never used).
Third year, it went up another 20%, but without additional features this
time. They lost my business.
Jim |
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Dave Plowman (News)
Guest
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| Posted: Fri Mar 14, 2008 6:59 pm Post subject: Re: Classic insurance |
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In article <7r8lt31dipo6ootqkpunifal9nctks2ptl@4ax.com>,
Chris Bolus <chrisB@RILEYELFb0lus.com> wrote:
| Quote: |
Sadly there's no reward for loyalty in the insurance world - unless you
have a bump and end up tied to them to retain your protected NCB.
Generally it tends to be cheaper to move on each year.
|
I was with the same company for over 30 years and never a claim. Two cars
with them for much of the time too. Then they got taken over and the next
premium quote doubled. The previous one was merely competitive - not low.
I wrote to them asking for an explanation and got no reply. Obviously a
company with a death wish.
--
*I don't have a license to kill, but I do have a learner's permit.
Dave Plowman dave@davenoise.co.uk London SW
To e-mail, change noise into sound. |
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Chris Bolus
Guest
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| Posted: Fri Mar 14, 2008 9:13 pm Post subject: Re: Classic insurance |
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On Thu, 13 Mar 2008 18:31:46 +0000, Timo Geusch
<tnewsSPAMMENOT@unixconsult.co.uk> wrote:
| Quote: |
"Rob." <mesa@mine.com.> writes:
Geoff Mackenzie wrote:
Confused.com are currently running a £1m lottery for requesting a
quote. In an idle moment, of which I have many these days, I
entered the details of the E to see what sort of quote I could get.
The email I received back said that they had contacted 97% of
insurers, and not one was prepared to quote. They listed 20 -
reasons included "won't quote on modified cars", "don't do
classics", "registered keeper must be the same as the owner", "won't
quote if previously declined" etc. Fair enough; I was strictly
accurate in all the details I gave; probably could have done better
by fudging things a bit, but thought it better to play straight.
Where it all disappeared into fairyland and gave me the giggles was
that one of the companies who declined to quote was the one which
has actually insured the car for the past ten years. Ho, hum. Good
stuff, this interweb.
GMacK
I like that, have similar here had to renew a policy, was sent the
renewal for about $500, phoned them up and asked for a discount,
several reasons, like having other polices with them, and then told
them, I only drove low miles, OK it came down $300. This was about the
same as the previous year. Why did they jack the price up over 150%
for starters.
Because that's how they make money - the first year is usually a loss
leader, and depending on the rest of the market, they try hiking the
rates when it seems "appropriate".
|
Frequently I find an online quote with whatever is my current insurer at
the time ends up cheaper than the renewal they send out. But they never
discount it to match their online quote!
Sadly there's no reward for loyalty in the insurance world - unless you
have a bump and end up tied to them to retain your protected NCB.
Generally it tends to be cheaper to move on each year.
When I wanted to switch my car policy to a campervan about a month in,
it ended up costing me about £90 to cancel the policy as none of them
seem to have the flexibilty to switch between these types of vehicles!
--
Regards, Chris (Please take out my car to reply by plain text email)
------1967 Riley Elf------1978 Mini 1000------1971 Mini Clubman------
--1972 Mini Clubman estate--1979 Ford Capri--1984 VW Type 25 camper-- |
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Ian
Guest
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| Posted: Fri Mar 14, 2008 10:30 pm Post subject: Re: Classic insurance |
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On 14 Mar, 16:13, Chris Bolus <chr...@RILEYELFb0lus.com> wrote:
| Quote: |
Frequently I find an online quote with whatever is my current insurer at
the time ends up cheaper than the renewal they send out. But they never
discount it to match their online quote!
|
Renewal quote from Swinton this year (for a Micra): £160
Online quote from Swinton: £135
Phoned up the branch: £130
Ian |
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