Ninehigh
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| posted on 10/9/11 at 01:44 AM |
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Here's a good one
Following on from this thread, I had a quick look for insurance.
I'm 31, no claims or points (finally!) with 5 years ncb on, er, one of our cars!
It would be garaged "overnight" and secure car park (I'm the security) during the "day" (I work nights so I do this
backwards)
I put a value of £300 and 3k miles per year. Given that value I started with fire and theft.
Best quote £324.77
Thought it a little steep seeing as it's £100 more for the mondeo, but figured it can't be much more for comprehensive so I changed it (no
voluntary excess)
Best quote £279.88
So the question is "Double-you tee eff?" How's it CHEAPER for more cover?
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LBMEFM
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| posted on 10/9/11 at 02:51 AM |
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Yep. found exactly the same with my old S40 Volvo, cheaper to insure fully comp and cheaper still if I put my wife and son as named drivers. How does
it work?
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Macbeast
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| posted on 10/9/11 at 04:54 AM |
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I've read that going for fully comp shows that you are a more responsible and reliable citizen. But surely the boy racers know this ?
Why would anybody go for TPO ? Maybe it's because with fully comp you would be covered for personal injury and the Insurance Co can get kickback
from the personal injury specialists that they sell your details to ?
I'm addicted to brake fluid, but I can stop anytime.
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stevegough
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| posted on 10/9/11 at 04:59 AM |
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I have heard of this happening, and there is a certain amount of logic to it which runs along the lines of 'if they are after TPFT, then they
must be a higher risk in the first place'.
There are also quite a few who won't cover you for anything other than fully comp.
Luego Locost C20XE.
Build start: October 6th 2008.
IVA passed Jan 28th 2011.
First drive Feb 10th 2011.
First show: Stoneleigh 1st/2nd May 2011.
'Used up' first engine may 3rd 2011!
Back on the road with 2nd engine may 24th
First PASA mad drive 26/7/11
Sold to Mike in Methyr Tydvil 19/03/14
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coozer
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| posted on 10/9/11 at 08:02 AM |
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Aye, got my ancient 106 for under £200 comp, the 3rd party ONLY was way over £400!
And, can anyone explain how the type of cover you have changes your risk?
[Edited on 10/9/11 by coozer]
1972 V8 Jago
1980 Z750
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balidey
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| posted on 10/9/11 at 10:15 AM |
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 people still think that there is some sort of reason how brokers get their figures. Its random.
Dutch bears have terrible skin due to their clogged paws
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Ninehigh
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| posted on 10/9/11 at 09:46 PM |
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quote:
Originally posted by coozer
And, can anyone explain how the type of cover you have changes your risk?
I imagine it runs something like:
TPO: I'd only do that with a £50 s**tbox, and if I'm not willing to cover it against being robbed then why am I going to give a toss about
anyone else's car?
TPF&T: Still don't give 2 turds about my own car, but at least I'll bother locking it.
Comp: The £50 car will not be making any claims, so might as well knock a few quid off, the £50k car will be driven a bit more carefully.
There's the modifiers to the RNG
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