Insurance Question
Discussion
Hi all,
I have just bought an Astra SRI (no Vauxhall jokes please), 2003 with 60k miles. I got an astronomical quote from my current insurer, so I went on a comparison site and managed to get some reasonable prices.
There is roughly a £200-£300 price difference between TPFT and comprehensive insurance on the quotes I've had, but I'm not enough of an insurance expert to decide whether the additional benefits of comprehensive cover are worth the money, if anybody could offer me some guidance it would be much appreciated, as I usually just stick third party on my American clunkers :P
Cheers, Matthew
Edit: I should also add the excess on TPFT is £350 cheaper (£150 vs £500).
I have just bought an Astra SRI (no Vauxhall jokes please), 2003 with 60k miles. I got an astronomical quote from my current insurer, so I went on a comparison site and managed to get some reasonable prices.
There is roughly a £200-£300 price difference between TPFT and comprehensive insurance on the quotes I've had, but I'm not enough of an insurance expert to decide whether the additional benefits of comprehensive cover are worth the money, if anybody could offer me some guidance it would be much appreciated, as I usually just stick third party on my American clunkers :P
Cheers, Matthew
Edit: I should also add the excess on TPFT is £350 cheaper (£150 vs £500).
Edited by Camaro91 on Saturday 21st April 07:55
It should be pretty simple really.
Are you prepared to pay for any damage that happens to your car?
If not, are you willing to take the risk for the sake of the insurance saving?
There is no excess to pay in the event of third party claims and I would have thought the fire and theft excess would be the same regardless of comp or tpft.
Are you prepared to pay for any damage that happens to your car?
If not, are you willing to take the risk for the sake of the insurance saving?
There is no excess to pay in the event of third party claims and I would have thought the fire and theft excess would be the same regardless of comp or tpft.
As I have written on these pages many times UK Insurance PLC is really Rip Off PLC. Thet do charge more for FPFT than Comp. Who else charges more for less?
The usual fdifference I found when insuring my car while in the UK on comparison sites was not a few hundered pounds but more often £2k plus!
These companies should be named and shamed.
Saga quoted me £900 extra to add my 23yr old daughter to the policy, limited to 8000m pa, on a new policy costing c. £300 with private use only, no commuting. The car in question? A Cherolet Matiz........but it was the 'high performance' 1.0 version!!!!!!
Perhaps there's an insurance bod on here who could inform us of the other side to this..........
The usual fdifference I found when insuring my car while in the UK on comparison sites was not a few hundered pounds but more often £2k plus!
These companies should be named and shamed.
Saga quoted me £900 extra to add my 23yr old daughter to the policy, limited to 8000m pa, on a new policy costing c. £300 with private use only, no commuting. The car in question? A Cherolet Matiz........but it was the 'high performance' 1.0 version!!!!!!
Perhaps there's an insurance bod on here who could inform us of the other side to this..........
stuwalsh said:
Saga quoted me £900 extra to add my 23yr old daughter to the policy, limited to 8000m pa, on a new policy costing c. £300 with private use only, no commuting. The car in question? A Cherolet Matiz........but it was the 'high performance' 1.0 version!!!!!!
That actually sounds quite cheap to me, given that a)Saga specialise in the over 50s and won't usually quote for youngsters, and b)23-y-olds are very expensive to insure anyway (no NCB of her own - newish driver?)littleredrooster said:
stuwalsh said:
Thet do charge more for FPFT than Comp. Who else charges more for less?
Huh?? Never, ever found that TPF&T is more expensive than FC. Where do you get that from?I believe insurers will, in the cases of some young drivers, think you pick TPFT to avoid higher excesses and to prefer writing the car off to paying anything - thus deducing that you think it likely you're going to have an accident.
Still a weird one, though.
McSam said:
littleredrooster said:
stuwalsh said:
Thet do charge more for FPFT than Comp. Who else charges more for less?
Huh?? Never, ever found that TPF&T is more expensive than FC. Where do you get that from?I believe insurers will, in the cases of some young drivers, think you pick TPFT to avoid higher excesses and to prefer writing the car off to paying anything - thus deducing that you think it likely you're going to have an accident.
Still a weird one, though.
I said in some cases - it's a very very small pool, I've only seen it a few times.
On my policy, when I still had a large fault claim on my record, I was quoted marginally more for TPFT on a sub-£1000 car than I was for FC. This, I now figure, is because an insurer would assume that if I took TPFT only, I did not care about my own car, and wanted only to minimise the excess costs of the accident that I would "likely" cause with it. That mindset represents a higher risk, so the price should be higher.
That was the only logic I managed to get from it, anyway
On my policy, when I still had a large fault claim on my record, I was quoted marginally more for TPFT on a sub-£1000 car than I was for FC. This, I now figure, is because an insurer would assume that if I took TPFT only, I did not care about my own car, and wanted only to minimise the excess costs of the accident that I would "likely" cause with it. That mindset represents a higher risk, so the price should be higher.
That was the only logic I managed to get from it, anyway
Gassing Station | General Gassing | Top of Page | What's New | My Stuff