Which one would save me most money? Basic maths problem!!
Discussion
Stick with your current insurance for the following reasons:
1. Quit your insurance 6months early and you get £500 back (rough figures)
2. Continue with your insurance for 6 months on your new car and you get £200 back. So the 6 months insurance on your new car has cost you £300(roughly)
3. The alternative insurance company want to charge you £880 a year or £440 for 6 months so your previous insurance company is giving you a better deal.
1. Quit your insurance 6months early and you get £500 back (rough figures)
2. Continue with your insurance for 6 months on your new car and you get £200 back. So the 6 months insurance on your new car has cost you £300(roughly)
3. The alternative insurance company want to charge you £880 a year or £440 for 6 months so your previous insurance company is giving you a better deal.
The way I see it is one option will leaving you paying
£990.20 to be insured from 28/5/14 to 28/5/15
or
£1567.97 to be insured from 28/5/14 to 1/12/15
First one essentially cost you £82.50/month
Second one £82.50/month
...
I would keep the current policy and hope that at renewal time you can get a better deal on the new car. Also a renewal in May is better than in December in my opinion, Christmas and all that.
Someone want to check my method?
£990.20 to be insured from 28/5/14 to 28/5/15
or
£1567.97 to be insured from 28/5/14 to 1/12/15
First one essentially cost you £82.50/month
Second one £82.50/month
...
I would keep the current policy and hope that at renewal time you can get a better deal on the new car. Also a renewal in May is better than in December in my opinion, Christmas and all that.
Someone want to check my method?
996c2 said:
Stick with your current insurance for the following reasons:
1. Quit your insurance 6months early and you get £500 back (rough figures)
2. Continue with your insurance for 6 months on your new car and you get £200 back. So the 6 months insurance on your new car has cost you £300(roughly)
3. The alternative insurance company want to charge you £880 a year or £440 for 6 months so your previous insurance company is giving you a better deal.
4. You'll get a years no claims when your policy completes in 6 months so the renewal then will be cheaper (assuming you haven't claimed).1. Quit your insurance 6months early and you get £500 back (rough figures)
2. Continue with your insurance for 6 months on your new car and you get £200 back. So the 6 months insurance on your new car has cost you £300(roughly)
3. The alternative insurance company want to charge you £880 a year or £440 for 6 months so your previous insurance company is giving you a better deal.
The way I see it is one option will leaving you paying
£990.20 to be insured from 28/5/14 to 28/5/15
+ £440 to be insured from 28/5/15 to 28/11/15 (Total £1430.20)
Or
£1567.97 to be insured from 28/5/14 to 1/12/15
Averaging between old more powerful car and new car is not the right way to do this.
£990.20 to be insured from 28/5/14 to 28/5/15
+ £440 to be insured from 28/5/15 to 28/11/15 (Total £1430.20)
Or
£1567.97 to be insured from 28/5/14 to 1/12/15
Averaging between old more powerful car and new car is not the right way to do this.
Edited by 996c2 on Saturday 29th November 16:19
Gassing Station | General Gassing | Top of Page | What's New | My Stuff