Insurance "experts" Zollar Etc
Discussion
I shouldn't have singled out Zollar you all know who you are 
Anyway I have a car I need to insure so I can once again put an MOT on it (it's done 5 miles since the last one - I allowed that to expire and didn't get round to selling it as planned - and I reckon most of those have been in and out of the garage) and hopefully this time some rent in the window, and advert on here and then we can part company
Day insure might get it to the MOT and back but won't put the rent in the window so I need to put it on a proper policy
So which works best
A - Insure for year, Pay full premium up front, MOT then tax advertise, sell and cancel the policy and get a cheque as a refund
or
B - Insure for a year pay monthly - cancel policy when sold pay no more
Or have I missed any other choices
Oh the car is a high insurance group import so my current insurance company on the daily driver won't agree to temp substitution and cos it's an import the policy is unlikely to be able to be competatively swapped to my E38 which I took of the road for the summer and intend to put back on the road once the other one is sold.
What I really need is a multi car policy but I haven't cos a lot of my fleet are most competatively insured on classic policies.
Trade policy - often considered one of them :-)
Anyway I have a car I need to insure so I can once again put an MOT on it (it's done 5 miles since the last one - I allowed that to expire and didn't get round to selling it as planned - and I reckon most of those have been in and out of the garage) and hopefully this time some rent in the window, and advert on here and then we can part company
Day insure might get it to the MOT and back but won't put the rent in the window so I need to put it on a proper policy
So which works best
A - Insure for year, Pay full premium up front, MOT then tax advertise, sell and cancel the policy and get a cheque as a refund
or
B - Insure for a year pay monthly - cancel policy when sold pay no more
Or have I missed any other choices
Oh the car is a high insurance group import so my current insurance company on the daily driver won't agree to temp substitution and cos it's an import the policy is unlikely to be able to be competatively swapped to my E38 which I took of the road for the summer and intend to put back on the road once the other one is sold.
What I really need is a multi car policy but I haven't cos a lot of my fleet are most competatively insured on classic policies.
Trade policy - often considered one of them :-)
Edited by B'stard Child on Monday 25th October 20:58
B - whilst you may end up owing them cancellation fees, they can be hard to collect beyond the initial deposit you've paid.
Your best bet though would be to get everything lined up, so that you can shift the car within 14 days of insuring it so you can exercise the cooling-off period of the policy.
Your best bet though would be to get everything lined up, so that you can shift the car within 14 days of insuring it so you can exercise the cooling-off period of the policy.
frosted said:
Those pesky imports , death on wheels 
Helpfull but I see where you are coming fromEdited by frosted on Monday 25th October 21:03
Oh and I don't have "10 million" spare to sellf insure either
I never want to spend more than £1000 per year on car insurance so over the last 5 years I've been becoming more and more selective about what I insure and when current premium increases are driving the need for my car clearance process.....
I think an E38 sale may follow as at least classic policies are staying flat
grumbas said:
B - whilst you may end up owing them cancellation fees, they can be hard to collect beyond the initial deposit you've paid.
Your best bet though would be to get everything lined up, so that you can shift the car within 14 days of insuring it so you can exercise the cooling-off period of the policy.
^ great idea (doesn't feel right with me) however whilst the chances of me MOT'ing and taxing the import car in 14 days are good (even for me) the chances of me shifting the import in the remaining time are slight as I will need to "demonstrate" it to any potential buyers (probably not a car that will fly of the shelf) and I don't want to go down the advert reads "I'll 12 mths MOT and put 6 mths tax on the car for any serious buyer" (although I could)Your best bet though would be to get everything lined up, so that you can shift the car within 14 days of insuring it so you can exercise the cooling-off period of the policy.
Edited by B'stard Child on Monday 25th October 21:12
Personally i would go for option A,
Set up a whole new policy but ask all the information regarding mid-term cancellation cost and pro-rata refunds before agreeing to the policy that way there are no surprises waiting when you cancel.
Its a shame that your current insurer won't add it as a temporary vehicle as that would be a perfect option.
Set up a whole new policy but ask all the information regarding mid-term cancellation cost and pro-rata refunds before agreeing to the policy that way there are no surprises waiting when you cancel.
Its a shame that your current insurer won't add it as a temporary vehicle as that would be a perfect option.
ZOLLAR said:
Personally i would go for option A,
Set up a whole new policy but ask all the information regarding mid-term cancellation cost and pro-rata refunds before agreeing to the policy that way there are no surprises waiting when you cancel.
^ or I need to find a good broker or Insurance company that will allow a change of vehicle mid policy without a huge upgrade cost 96 Mitsi FTO 2.0 GR value £1500 to 98 E38 740 value £2500 Set up a whole new policy but ask all the information regarding mid-term cancellation cost and pro-rata refunds before agreeing to the policy that way there are no surprises waiting when you cancel.
ZOLLAR said:
Its a shame that your current insurer won't add it as a temporary vehicle as that would be a perfect option.
Yep I could do that with pretty much anything but an importIt's probably going to hurt whichever way you do it.
When you buy insurance (temporary cover excepted) then you're buying an annual policy with the monthly option being effectively a loan with added interest. Most insurers in the first year will charge a higher cancellation fee than pro-rata.
The ley,a s Zollar says, is to go in with yoru eyes open and look at the cancellation rates (and therefore rebate) as the primary reason for buying it, rather than the upfront premium. do the maths though as the cheapest even with a poor refund may work out cheaper then a dear one with great return premiums if you run the policy for longer than a few months.
If you're confident that you won't be driving it much choose a higher than normal voluntary excess too along with low declared mileage.
When you buy insurance (temporary cover excepted) then you're buying an annual policy with the monthly option being effectively a loan with added interest. Most insurers in the first year will charge a higher cancellation fee than pro-rata.
The ley,a s Zollar says, is to go in with yoru eyes open and look at the cancellation rates (and therefore rebate) as the primary reason for buying it, rather than the upfront premium. do the maths though as the cheapest even with a poor refund may work out cheaper then a dear one with great return premiums if you run the policy for longer than a few months.
If you're confident that you won't be driving it much choose a higher than normal voluntary excess too along with low declared mileage.
R1 Loon said:
It's probably going to hurt whichever way you do it.
When you buy insurance (temporary cover excepted) then you're buying an annual policy with the monthly option being effectively a loan with added interest. Most insurers in the first year will charge a higher cancellation fee than pro-rata.
The ley,a s Zollar says, is to go in with yoru eyes open and look at the cancellation rates (and therefore rebate) as the primary reason for buying it, rather than the upfront premium. do the maths though as the cheapest even with a poor refund may work out cheaper then a dear one with great return premiums if you run the policy for longer than a few months.
If you're confident that you won't be driving it much choose a higher than normal voluntary excess too along with low declared mileage.
If I can find a company that will allow vehicle change as previous post I'd keep the insurace going for a year and sell the E38 before that policy expires - I'll have to do some ringing aroundWhen you buy insurance (temporary cover excepted) then you're buying an annual policy with the monthly option being effectively a loan with added interest. Most insurers in the first year will charge a higher cancellation fee than pro-rata.
The ley,a s Zollar says, is to go in with yoru eyes open and look at the cancellation rates (and therefore rebate) as the primary reason for buying it, rather than the upfront premium. do the maths though as the cheapest even with a poor refund may work out cheaper then a dear one with great return premiums if you run the policy for longer than a few months.
If you're confident that you won't be driving it much choose a higher than normal voluntary excess too along with low declared mileage.
Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff