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Model specific boards => Golf mk7 => Topic started by: fredgroves on 03 July 2017, 20:57

Title: Compulsory excess?
Post by: fredgroves on 03 July 2017, 20:57
I'm a bit of a noob when it comes to car insurance.

The compulsory excess is dependent on the car model? I've been quoted four hundred quid compulsory excess... Does this seem excessive?

Strikes me as making any claim worthless short of a major prang and even then is going to hurt my pocket.

Title: Re: Compulsory excess?
Post by: Mark V GTD on 03 July 2017, 20:59
i thought they give you options to reduce the excess by paying a higher premium (which still hurts your pocket of course).....
Title: Re: Compulsory excess?
Post by: fredgroves on 03 July 2017, 21:06
No that's voluntary excess...
Title: Re: Compulsory excess?
Post by: Guzzle on 03 July 2017, 21:07
Hmmm that does seem an excessive excess.

How much more was the next best quote, and did they also quote such a large excess?
Title: Re: Compulsory excess?
Post by: hog_hedge on 03 July 2017, 21:20
I have a £100 compulsory and £0 voluntary on the GTI. Is it your age?
Title: Re: Compulsory excess?
Post by: fredgroves on 03 July 2017, 21:35
Compulsory excess has nothing to do with age, well at least once you are over 25 and I'm double that lol
Title: Re: Compulsory excess?
Post by: SRGTD on 03 July 2017, 21:55
That sounds high for a compulsory excess Fred. What model Golf do you have?

Insurers usually apply high compulsory excesses;
Some insurers may adopt a strategy of increasing their compulsory excess levels to help control overall claims costs, and to make themselves more competitive in terms of their premiums compared to competitor premiums. The natural tendency when comparing motor insurance quotes is to focus on the premium, rather than the other terms such as excess or policy cover, so an insurer with such a strategy may help them to win additional business. Do you know if the premium from insurer who's quoted the £400 compulsory excess is significantly less than other insurers premiums with a lower excess?

Might be worth contacting them and asking them why the compulsory excess is so high.

Title: Re: Compulsory excess?
Post by: fredgroves on 03 July 2017, 22:25
Have to say I didn't shop around much... My wife and kids are on an admiral multi car policy and it wasn't until I'd signed up that I started to think "isn't that a bit high?"

Then thought to ask you lot...
Title: Re: Compulsory excess?
Post by: mcmaddy on 03 July 2017, 22:52
I've got 100 compulsory and 50 voluntary on my gti pp and I'm 43. I'd be shopping around for a better insurer.
Title: Re: Compulsory excess?
Post by: fredgroves on 03 July 2017, 23:13
I wonder if it's based on the no claims...
Title: Re: Compulsory excess?
Post by: TonyJ on 04 July 2017, 08:26
Have to say I didn't shop around much... My wife and kids are on an admiral multi car policy and it wasn't until I'd signed up that I started to think "isn't that a bit high?"

Then thought to ask you lot...

We were on an Admiral multi car for several years, but the recent renewal was really high, even after bartering the down.
We've left Admiral now, and gone to Aviva. Try them for a quote. Lower premium, AND lower compulsory excess
Title: Re: Compulsory excess?
Post by: SRGTD on 04 July 2017, 09:33
Have to say I didn't shop around much... My wife and kids are on an admiral multi car policy and it wasn't until I'd signed up that I started to think "isn't that a bit high?"

Then thought to ask you lot...

We were on an Admiral multi car for several years, but the recent renewal was really high, even after bartering the down.
We've left Admiral now, and gone to Aviva. Try them for a quote. Lower premium, AND lower compulsory excess

+1 for Aviva; I've found them to be very good in terms of competitive premium, excess, good product and customer service.
Title: Re: Compulsory excess?
Post by: RCMike on 04 July 2017, 11:26
I've got £250 compulsory and £0 voluntary. As i have other cars insured with different companies, i got them all to quote and for me and the companies that quoted lower compulsory, also quoted higher premiums (by around 200~250). I'm well over 25 with lots of NCB (used on the Golf) by the way. My other cars have £0 compulsory excess so i'm assuming in my case, the insurance group of the car has a big effect.   
Title: Re: Compulsory excess?
Post by: fredgroves on 04 July 2017, 13:06
Thanks Mike.

I guess its swings and roundabouts... if I don't have a prang then I have a cheaper premium.
Title: Re: Compulsory excess?
Post by: Jim_mk7.5 on 04 July 2017, 15:42
Have to say I didn't shop around much... My wife and kids are on an admiral multi car policy and it wasn't until I'd signed up that I started to think "isn't that a bit high?"

Then thought to ask you lot...

You should try comparethemarket.com as you can filter by comp/voluntary excess so just see results with lower excess. Normally use this for all insurance, albeit not my own car as its a company one.
Title: Re: Compulsory excess?
Post by: GTD184 on 13 July 2017, 14:53
I would be wary of Admiral if you are insuring a new car because I obtained a quote from them most recently for my new Tiguan R-Line and was advised that they do not offer a replacement vehicle in the first 12 months! They only pay market value!......went with Aviva in the end on a multi car policy that cost less for my GTD and R-Line Tiguan combined than Direct line insurance premium renewal for my GTD!

Insurance companies are a law onto themselves and have a licence to print money!! :angry:
Title: Re: Compulsory excess?
Post by: SRGTD on 13 July 2017, 15:16
I would be wary of Admiral if you are insuring a new car because I obtained a quote from them most recently for my new Tiguan R-Line and was advised that they do not offer a replacement vehicle in the first 12 months! They only pay market value!......

Shows how important it is to consider the overall package (premium, scope of cover provided, excess, cost of any optional add-ons) and not just the premium. The insurer offering the most competitive premium isn't necessarily offering the best deal.
Title: Re: Compulsory excess?
Post by: brettblade on 14 July 2017, 08:25
I would be wary of Admiral if you are insuring a new car because I obtained a quote from them most recently for my new Tiguan R-Line and was advised that they do not offer a replacement vehicle in the first 12 months! They only pay market value!......

Shows how important it is to consider the overall package (premium, scope of cover provided, excess, cost of any optional add-ons) and not just the premium. The insurer offering the most competitive premium isn't necessarily offering the best deal.

Indeed, Admiral (and their group of companies) also told me that my manufacturer fitted factory options would have to be declared if they were to be covered by the policy.  Aviva, on the other hand, advised that they cover everything fitted at factory and, if I recall correctly, everything fitted as a genuine option by the dealer.