Who doesn't choose the cheapest insurance

[balls-out]

Personally - as I man who hasn't claimed on his insurance in 30 years - I always buy the cheapest insurance I can. As I buy purely on (low) price, I expect cr*p service and to be charged for any changes. On balence thats the price I (don't) pay for my cheap quote.

Last year fully comp for the Mrs Peugoet 2litre 306 including Busines use was £187. Stunning value giving how much even the smallest bump costs these days.

There are frequently people complaining about customer service and being charged when they want to change things. So either its just me who only buys on price, or people just completely unrealistic to expect to buy the cheapest and then get gold plated service and loads of freebies (cancelations, changes) all built into the price.

[METHS]

Buy on price, their legal obligation is almost the same for all companies. The only differences are the inclusion of legal cover/hire car ext.


I would pay slightly more for an agreed value policy for my Chimaera though as right now I doubt they'd pay out the true value in the event it was crashed/stolen/lost/abducted by aliens.

[johnster1991]

I choose the cheapest simply due to age and the cost of other quotes. If my insurance was circa £200 like your own then I would probably choose the most highly rated company rather than the cheapest.

[kambites]

I tend to get quotes from various places then compare the terms and conditions of the cheaper ones.

[Mandat]

balls-out said:

There are frequently people complaining about customer service and being charged when they want to change things. So either its just me who only buys on price, or people just completely unrealistic to expect to buy the cheapest and then get gold plated service and loads of freebies (cancelations, changes) all built into the price.

Tell that to Neptune300.

http://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1327662&nmt=

[0a]

My expectations are so low of any company, I'd rather keep as much money in my pocket as possible.

[Haggleburyfinius]

I'm probably being stupid but I tend to go with the established names when renewing, even if they are a little more expensive.

I've often thought that the never-heard-of-them insurers are probably underwritten by the same guys I buy off yet I still do it.

[TheTurbonator]

I did, but AXA have been so good to me this year, I think I'm just going to stick with them come renweal time.

I'll get some quotes elsewhere still and if some are cheaper, I'll try and get AXA to lower their price, and as long as they're not stupidly more expensive, I'll stay with them.

[balls-out]

Mandat said:

Tell that to Neptune300.

http://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=1327662&nmt=

Will do.

1. buy a cheap product.
2. Ask to change what you bought
3. supplier has you and will make good margin on the change
4. Cancel your contract
5. supplier will look to maximise profit.

Its what most business's do! Welcome to the real world of buying the cheapest.

[DaveCWK]

I view insurance as a legal box ticking exercise and choose the cheapest possible fully comp insurance, but only so I can get replacement windscreens. Other than that I can't ever see myself claiming on it.

If I had a nice classic I would step it up to an agreed value policy, but would still probably go with the cheapest if from a company with a good reputation.

[storminnorman]

Haggleburyfinius said:

I'm probably being stupid but I tend to go with the established names when renewing, even if they are a little more expensive.

I've often thought that the never-heard-of-them insurers are probably underwritten by the same guys I buy off yet I still do it.

I go for this too. Probably based around the fact that they (in theory) have a name and reputation to protect so their service must be decent. Never really had any issues with insurance.

If I had a special car then I'd go for the best I could afford, or the company that seemed the most adapted and knowledgeable about dealing with unusual cars.

You have to wonder why the cheap insurers are cheap, sure you've never claimed in 30 years but that doesn't mean they won't bite you one day

[RSoovy4]

Me.

I pay about an extra £200 more than I have to for the best insurance I can get, private clients cover, agreed value so I don't get bullyrammed by a rubbish settlement if the RS4 gets written off, and I can drive any car fully comprehensive with the owner's permission, as can Mrs Soov. I also get a sensible client manager who I can ring on their mobile when I want to.


Money well spent.

Buy cheap get st.

[mmm-five]

I don't simply go for the cheapest, but tend to go for the cheapest that offer the same level of cover & extras as I require.

So if company A is £500 (with mods, EU cover, etc.) but won't pay out for the cost of the mods, where company B offers the same cover for slightly more but also covers the cost of the mods, then I'll go with company B.

Usually spend about a week after getting my renewal quote through to check out the comparison sites, then the specialist insurers, and then play them off against each other.

What really gets my goat is when you get the renewal through, have a quick compare online, decide to go ahead with it and then check the T&Cs 'just in case'. Then you find out they've changed part of the policy without specifically telling you this on the key facts/renewal letter. check the renewal T&Cs carefully now, as a while ago I only found out they'd changed when I called to inform them of my latest track day (as per my previous agreement) when the operator told me that they didn't cover track days anymore!!!

[storminnorman]

RSoovy4 said:

I can drive any car fully comprehensive with the owner's permission

it must be pretty cool to be able to say "mind if I take her for a spin?" in real life
I bet you can catch people's car keys when they throw them without warning, too

[RSoovy4]

storminnorman said:

RSoovy4 said:

I can drive any car fully comprehensive with the owner's permission

it must be pretty cool to be able to say "mind if I take her for a spin?" in real life
I bet you can catch people's car keys when they throw them without warning, too

It's very useful sometimes, and I have been lucky enough to be able to drive some lovely cars because of it. The excess is 5% of the car's value, which makes you a bit careful if it's say an F40..... but it does at least cap your liability.

[Kozy]

I never pick the lowest, even though my insurance premiums are hilariously expensive.

The lowest 5 prices on comparison sites are all branches of the same company, and I won't deal with them.

[james_gt3rs]

Due to my age I'm pretty much forced into Admiral Group. But, they haven't messed me around so far...

[storminnorman]

RSoovy4 said:

It's very useful sometimes, and I have been lucky enough to be able to drive some lovely cars because of it. The excess is 5% of the car's value, which makes you a bit careful if it's say an F40..... but it does at least cap your liability.

I can imagine!

[pilchardthecat]

I use the cheapest as long as it isn't More Than. I wouldn't use those s again if they were a tenth of the price of the next cheapest one.

[Engineer1]

METHS said:

Buy on price, their legal obligation is almost the same for all companies. The only differences are the inclusion of legal cover/hire car ext.


I would pay slightly more for an agreed value policy for my Chimaera though as right now I doubt they'd pay out the true value in the event it was crashed/stolen/lost/abducted by aliens.

travel abroad so that cheap last minute road trip stops being cheap and the add on cost bring the price up to the point there is no saving, I also tend to go for names that atleast manage to advertise on TV or are known.