GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: mcmaddy on 06 March 2018, 10:35
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Just had my renewal through and it's 30% more than last year! Phoned them up made a few tweaks and managed to get them down to £258 which while it's more than last year is still loads cheaper than I've found on all of the comparison sites. The thing that really got me annoyed was I asked for the market value to be more realistic and not the 29k they have down and also asked to increase my voluntary excess to £200. Believe it or not the price actually increased because they couldn't use the same level of discount. After laughing so hard I nearly dropped the phone I asked if she was being serious, yes she was. It's unbelievable how companies work out insurance policies. Undid the changes and settled on the original price :whistle:
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Last year I changed my Passat for an Amarok. I was about 3 months into my policy with Direct Line which had cost just over £200 for the Passat. They wanted a further £300+ to cover the Amarok. I cancelled that policy got a refund for the remaining 9 months and took out a new policy with Aviva for £230.
As my renewal is coming up soon, I did an online quote with Direct Line as a new customer. The result £189. Go figure.
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It's the ultimate unfathomable beast. I'm with DL and got stuffed with an extra £130 last year due to an zccident which hasn't even been resolved - even now. A foreign lorry, pita. I'd have been better off fixing it myself. God only knows what this year will bring after someone drove into the back of me last September, even though it has been resolved in my favour....
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Another thing I don't get is that if I insure my car on my own it is nearly twice the price of insuring it with my wife as a named driver.
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55yrs old and just enrolled with Flux for £425. I left Sky because they wanted to put it up to £610 due to the theft of my bumper last year.
Has anybody any experience with the agreed value thing. They want 7 photos and if the car is a total loss an agreed value will be paid out. its £15 but is it worth it.?
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Another thing I don't get is that if I insure my car on my own it is nearly twice the price of insuring it with my wife as a named driver.
That's all about the risk factor. With two drivers on the policy the risk is halved even if that person will never drive your car.
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Just had my renewal through and its a bit high, anybody got a good deal with a pedal box fitted.
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Has anybody any experience with the agreed value thing. They want 7 photos and if the car is a total loss an agreed value will be paid out. its £15 but is it worth it.?
My Mk2 Golf GTI is on an agreed value policy. It cost £102 inc the £15 this year with a mileage limit of 3000. With 'classics' it's better to have an agreed value, in my case £8000, as otherwise in the event of even the slightest scrape, it would be considered as an other 28 year old hatchback. Sent to the crusher and a £50 cheque in heading my way.
I'm guessing you are talking about your Mk7 here. In that case it's quite easy to negotiate a value with the insurers in the event of a claim as there are so many similar cars out there for sale as a guide. I'm not sure that agreed value is necessary. With my Mk2, well, just try and find another.
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Has anybody any experience with the agreed value thing. They want 7 photos and if the car is a total loss an agreed value will be paid out. its £15 but is it worth it.?
My Mk2 Golf GTI is on an agreed value policy. It cost £102 inc the £15 this year with a mileage limit of 3000. With 'classics' it's better to have an agreed value, in my case £8000, as otherwise in the event of even the slightest scrape, it would be considered as an other 28 year old hatchback. Sent to the crusher and a £50 cheque in heading my way.
I'm guessing you are talking about your Mk7 here. In that case it's quite easy to negotiate a value with the insurers in the event of a claim as there are so many similar cars out there for sale as a guide. I'm not sure that agreed value is necessary. With my Mk2, well, just try and find another.
Exactly.. Sounds good for a classic,but for a standard car maybe not worth the while. Thanks.
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Agreed value car insurance policies do tend to be primarily for classic cars, for the reasons dubber36 has outlined in his post, or for supercars with a particularly high value.
I'm guessing you are talking about your Mk7 here. In that case it's quite easy to negotiate a value with the insurers in the event of a claim as there are so many similar cars out there for sale as a guide. I'm not sure that agreed value is necessary. With my Mk2, well, just try and find another.
Agree, either negotiate a value with your insurer, or buy GAP insurance so you won’t need to go through the hassle of negotiating with your insurer, as the GAP policy will kick in.
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Give admiral multi car policy a try, honestly couldn’t believe how much cheaper it worked out.
Both GTI & GTD insured for under £750 when done separate it’s was around the £1k mark. They start the policy separately but then bring the end date in line, we got an extra 1 years no claims for only 9 months running on my Mrs side of the policy.
Done a quote for new R and the GTI multicar policy and it’s still £200 cheaper than separate quotes.
Top tip, do the quote online then ring them and they work some magic to make it cheaper and consider cashback websites to sweeten the deal. Think we got £75 amazon vouchers which they emailed direct to us.
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Another thing I don't get is that if I insure my car on my own it is nearly twice the price of insuring it with my wife as a named driver.
That's all about the risk factor. With two drivers on the policy the risk is halved even if that person will never drive your car.
That's mad, who does their risk factors, a monkey?
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+1 for Admiral multi-car. My GTi, her Fiat 500, £370ish IIRC.
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Another thing I don't get is that if I insure my car on my own it is nearly twice the price of insuring it with my wife as a named driver.
That's all about the risk factor. With two drivers on the policy the risk is halved even if that person will never drive your car.
That's mad, who does their risk factors, a monkey?
Insurers will consider your lifestyle as part of their risk assessment. Who drives the car (is it only you driving or you and your spouse/partner driving?) is often an indicator of lifestyle, and different lifestyles represent different degrees of risk, especially when other factors such as your age and marital status are also taken into account;
A) if you’re young and single and the only driver; you’re more likely to be living a young person’s lifestyle; using your car regularly at unsociable hours in higher risk inner city areas and probably carrying similar aged passengers to you on a regular basis. If you have an accident and those young passengers are seriously injured, they are very expensive to compensate (e.g. especially if their injuries mean their future earning capacity and quality of life is impacted - lots of years potential earnings and quality of life affected if they’re young, so a potentially very expensive insurance claim).
B) if you’re married or partnered and your other half is a named driver on your policy; you’re more likely to have a lower risk lifestyle compared to a young single person; less partying, not so likely to use your car at unsociable hours.
Ignoring other risk factors (e.g. type of car, postcode, previous accidents and claims), the majority of insurers would consider B) to represent a lower risk than A).
That’s why if you insure your car with you as the only driver, many insurers will charge you more than if your spouse / partner is on your policy as a named driver.
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My Dad is 83 and has my Mum who's 81 as a named driver on his policy to bring the premium down. Mum hasn't driven for over 40 years, but still has her licence. In fact I renewed it for her last month. I guess because she hasn't had a claim or any convictions probably ever, she is seen as a low risk. The reality is, she could legally drive the car, but the truth is, she doesn't even know how to anymore.
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Wife and I are 'old gits' so our insurance, even for sporty cars, is usually in the £200 - £300 bracket.
Sold my Audi TTS to my son, age 26, when I bought my GTI in November 2018.
GTI quote for all 3 of us was £900 so decided just to insure the wife and I and it came to £260.
Phoned my insurance company yesterday to again check how much it would be to put son onto GTI policy and was told £61 until next November. Bit their hand off and took it. After closing transaction asked why the difference and was told 'that's just the way it is with insurance'.
Even although the original quote difference for my son to go onto GTI policy was £640, his annual fully comp insurance for the TTS is 'only' £350.
There appears to be no logic on insurance pricing.
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I've gone back onto the website for my insurer More Than as a new customer and got the insurance cheaper even with a loyalty discount. Seems once again a loyalty discount is not so good and a new customer gets treated better!
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I've gone back onto the website for my insurer More Than as a new customer and got the insurance cheaper even with a loyalty discount. Seems once again a loyalty discount is not so good and a new customer gets treated better!
They know there are still customers who’ll let their insurance auto-renew and not bother to check whether or not their renewal price represents good value. These customers are cross subsidising the prices quoted to the new customers. Its not just the insurance industry who have different prices for new and existing customers and don’t reward customer loyalty appropriately - I’ve had experience of BT doing this where existing customers pay more than new ones.
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Yeah they all do it (insurers, TV companies, internet, breakdown, energy, whatever)... jack the prices for existing customers (while telling them about the amazing customer loyalty discount they are getting) whilst discounting new business.
And yes, its the people who won't switch that are the cash cows.
Generally older people... who believe in old fashioned concepts like "loyalty is important" and "cash Is king".
Its annoying though without a doubt and makes me rage every time - even more so when after telling you that as an existing customer they are giving you "the best price", only to have them lower it when you phone them up.... and it still be more than a new customer.
I had a phone call with my old insurer that went like this
Me: "I've seen a cheaper quote, can you match it"
Insurer: "Sure, tell me which website you've seen it on and if its a legitimate quote, we will"
Me: "Its your own website when I ask for a new quote"
Insurer "Oh..."
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The insurance game is mad however i dont think £258 is a price to moan about!
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No it's a good price but it's nearly 40 quid more than last year which is a 20% or so increase. IPT has only gone up by another 2% so where has the extra 18% come from?
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No it's a good price but it's nearly 40 quid more than last year which is a 20% or so increase. IPT has only gone up by another 2% so where has the extra 18% come from?
Possible factors contributing to the 18%;
- more technologically advanced cars costing more to repair; much of the technology (sensors and radars) is expensive to replace and if it’s positioned at the front of the car will be susceptible to damage in a front end impact
- weaker pound and the impact on car parts (costing more) imported from overseas for vehicle repairs
- increases in insurer’s own staff and accommodation costs etc. (salary and rent/lease costs)
- any increases in insurer’s suppliers costs charged by the suppliers to the insurers (cost of courtesy cars, cars being repaired outside insurer’s own repairer network (more expensive than if they’re repaired within their own repairer network)
- any increase in the number of uninsured drivers on the road? If so, law abiding car owners like you and I who insure their cars will pick up the costs of injuries or damage caused by uninsured drivers through increased premiums
There will no doubt be other factors which, along with the above, will have an impact on an insurer’s bottom line result. Insurers are in business to make money, so if their car insurance portfolios are loss making or not delivering the level of profit they require, then they’ll put their rates up and the likes of you and I will ultimately pay higher premiums. :angry:
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If a bag of crisps is £1 one week and then £1.50 the next, its gone up 50%.
I know its comparing apples and pears but i think overall your price is one not to be moaned at.
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Bit of a difference paying a quid for a bag of crisps which I wouldn't anyway and paying 250 odd quid!