Insurance Coronavirus Con?

Discussion in 'Triumph General Discussion' started by Aidan, Apr 14, 2020.

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  1. Aidan

    Aidan Well-Known Member

    Dec 31, 2018
    183
    93
    Essex
    Due to an unfortunate quirk of fate, I have a Sprint GT, Mercedes family estate and Fiesta run-around all with insurance expiring at the same time at the end of the month. The cars are insured with Admiral and I got a renewal almost 40% higher than last year, despite no claims, offences etc. The bike insurance has gone down. However, the big con I have noticed is that the excesses have gone through the roof. F*cking £750 for the bike and over £500 for each car. I think these companies are profiteering as they are trying to make up the loss in money by increasing premiums and reducing what you get. Thus, "comprehensive" insurance is actually becoming "third-party plus".

    I thought I might complain to the Insurance Ombudsman, but will more than likely get nowhere. We're all in this together - well, some of us are.
     
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  2. mpllineman

    mpllineman First Class Member

    Feb 12, 2018
    826
    500
    Pearl,Ms.
    This sounds very strange. Insurance companies over here are issuing refunds to customers. This is supposed to be directly related to the lock down. Reduced mileage and fewer accidents being the reason for this. I would look around if I were you!
     
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  3. crispey

    crispey crispey creme de la creme

    Nov 6, 2014
    7,194
    1,000
    Uk
    Yup call around, unfortunately @mpllineman, we have a different way of being ripped off, sorry I meant insured over here, it’s mainly the vehicle that gets insured not the person, why I don’t know as you can only drive one at a time but there you go!
    @Aidan have a look around, my ins co of the last 5 years suddenly decided they couldn’t insure me for my 2 bikes this year so I went on the compare websites and managed to find some that would, varying prices but got a decent quote from Bennett’s, was with Hastings before.
     
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  4. Doc Strange

    Doc Strange Senior Member

    Aug 8, 2019
    717
    243
    UK
    Defo shop around and also get back to them telling them you've a better quote and see what they do.

    With aunty Carol and after years of happy renewals got a surprising one a couple of years ago - got a few other quotes, rang them up and surprise, surprise, they managed to get back to me with a more reasonable figure!

    DS
     
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  5. Aidan

    Aidan Well-Known Member

    Dec 31, 2018
    183
    93
    Essex
    Thanks for the replies. Yes, I had already shopped around, so managed to get quotes £600 cheaper at a stroke (thanks to money comparison sites, but you even need to use three of them to get the best numbers).

    Carole Nash - they have gone hugely down in my opinion. I told them not to renew last year and found they had actually taken a premium of £800. To be honest, I had so much going on last year that I never checked my credit card at the time it happened. You really have to be careful of this auto-renew thing. Other thing is, Admiral say to call them if you wish to discuss your renewal, but no-one there to answer the calls - I gave up after waiting 45 minutes. So, I have emailed them with the target price to beat and instructions to cancel if they can't. We'll see.
     
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  6. Shaun64

    Shaun64 Senior Member

    Feb 23, 2020
    651
    243
    England
    try Bemoto bike insurance.
     
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  7. crispey

    crispey crispey creme de la creme

    Nov 6, 2014
    7,194
    1,000
    Uk
    I looked at bemoto when insuring mine and found that although the prices were reasonable the excesses were extortionate. They do seem to vary from week to week though
     
  8. Aidan

    Aidan Well-Known Member

    Dec 31, 2018
    183
    93
    Essex
    Update - seems like Bikesure is cheapest for bike, Co-op for the Merc and Tesco for the Fiesta. Saved £700 on bike insurance over CN, and £100 and £300 for Merc and Fiesta respectively. Difference is significant.
     
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  9. Helmut Visor

    Helmut Visor Only dead fish go with the flow
    Subscriber

    Oct 3, 2018
    6,095
    800
    Three Counties
    As long as it's like for like cover then happy days, the trouble I've found with most comparison quotes is the quote is for the basics but as soon as you add those bits that you would expect on an insurance policy (hire car/bike, protected NC etc) it gets more expensive than the original quote ;);)
     
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  10. Wessa

    Wessa Cruising

    Apr 27, 2016
    11,318
    1,000
    North West England
    I agree, it p!sses me off that companies provide the basic cover it quotes and then load up with the so called extra's . The one that winds me up the most is the additional cost for protected no claims. Rant over....
     
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  11. Aidan

    Aidan Well-Known Member

    Dec 31, 2018
    183
    93
    Essex
    Rant away sir. They also like a bit of disinformation about "protected" NCB. A lot of people think it means that you are never deemed to be at fault. However, the reality is that if you had a claim, you keep your NCB, but your premium increases as a result of the claim. i.e., you will still get, say, 50% of your £500 premium, but the premium has now increased to £700.
     
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  12. freck

    freck Elite Member

    May 4, 2017
    1,719
    750
    Preston, Lancs, UK
    That’s still better than losing your no claims bonus and having an increase of premium because you’re deemed to be a higher risk, meaning it then goes up to about £1500 o_O
     
  13. Aidan

    Aidan Well-Known Member

    Dec 31, 2018
    183
    93
    Essex
    No - that is true. My point is, as long as people know what they are buying.
     
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  14. freck

    freck Elite Member

    May 4, 2017
    1,719
    750
    Preston, Lancs, UK
    I know what you mean. Some protected NCBs allow up to 3 claims a year (like mine) but as my mum found out, her car ins only allows for 2 claims in a 3 year period before losing it.
     
  15. Chris Swift

    Chris Swift New Member

    Mar 2, 2020
    5
    3
    Oxford, UK
    Having done a fair bit of research I found Aviva to be best\cheapest for all insurance, car, bike and house. Also, added my partner and just adding her brought the cost down by <>15% bit vague on how much but it was significant!
     
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  16. speeder

    speeder Noble Member

    Jan 3, 2019
    405
    313
    dorset
    The protected NCB is also only applicable to the company you are insured with, if you switch to another insurer they will not recognise it,I.e. if you have had a recent claim you will be penalised for it.
    I think protected NCB is crap really, they just use it to retain your custom...usually at an inflated price.
     
  17. Shaun64

    Shaun64 Senior Member

    Feb 23, 2020
    651
    243
    England
    your no claims bonus is transferable, if you swap insurance companies the company you are leaving must give you in writing how many years no claims bonus you’ve got.
     
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  18. speeder

    speeder Noble Member

    Jan 3, 2019
    405
    313
    dorset
    You are correct ,the NCB is if course transferable, it's the protected aspect that is not recognised I.e. you have a claim with your existing company and your NCB is protected, when you change insurers they note you have had a past claim and therefore will not give you a full no claims discount.
     
  19. Big Sandy

    Big Sandy WOOF! WOOF!

    Nov 14, 2018
    2,369
    800
    Fuck off you nosy cunt
    Never really understood that. You'd think to a 'logical insurer' mind, doubling the amount of drivers would increase the risk. Always seems to be the way though, I added Mrs BS to the Landy insurance as a named driver and it brought the cost down by about £20 annually. (its only about £100 fully comp to insure... The one benefit of age!)
     
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