Ninehigh
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| posted on 1/7/13 at 02:01 PM |
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Sorry but this one shocks even me
So I'm sorting out next year's insurance, go through the comparison site, and onto the insurer's one.. Then I go back through the
details (on the insurer's site) just to check everything.
The two changes I made was:
adding my phone number
selecting "pay anually"
It went up £40
Changed it back to pay monthly and it went back down, even though I still have the option to pay anually
What The F%&£ing F%&£?
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theduck
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| posted on 1/7/13 at 02:08 PM |
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How stupid. Insurance is getting more and more ridiculous.
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Slimy38
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| posted on 1/7/13 at 02:10 PM |
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quote:
Originally posted by Ninehigh
So I'm sorting out next year's insurance, go through the comparison site, and onto the insurer's one.. Then I go back through the
details (on the insurer's site) just to check everything.
The two changes I made was:
adding my phone number
selecting "pay anually"
It went up £40
Changed it back to pay monthly and it went back down, even though I still have the option to pay anually
What The F%&£ing F%&£?
You admitted to having a phone? Oh that's just insurance suicide, they're probably expecting you to be using it while you drive...
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mookaloid
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| posted on 1/7/13 at 02:16 PM |
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I think I would just pay monthly 
"That thing you're thinking - it wont be that."
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Canada EH!
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| posted on 1/7/13 at 02:17 PM |
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Not so unusual, would you rather be paid once a year or once a month?
Better to have a small amount coming in monthly than a large amount you have to budget.
Insurance companies have money coming in and going out monthly just like us, so you pay for the privilege of sending one large cheque.
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MikeRJ
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| posted on 1/7/13 at 02:39 PM |
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quote:
Originally posted by Canada EH!
Not so unusual, would you rather be paid once a year or once a month?
Better to have a small amount coming in monthly than a large amount you have to budget.
Insurance companies have money coming in and going out monthly just like us, so you pay for the privilege of sending one large cheque.
It's very unusual IME, I have never had a quote where it was cheaper to pay monthly rather than as a lump sum. When an insurance company gives
you the option to pay monthly they are effectively selling you a finance package, and as usual you pay interest on that credit.
By the way, never put your real telephone number into comparison web sites. I made this mistake a few years back and started getting numerous
marketing calls afterwards.
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Aaron_n_Sim
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| posted on 1/7/13 at 02:39 PM |
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quote:
Changed it back to pay monthly and it went back down, even though I still have the option to pay anually
What The F%&£ing F%&£?
You probably pay a couple of hundred more in interest by paying in instalments, the wife's is £400 more than a one off payment it's
finance at the end of the day! They're all thieves
Work to Live don't Live to Work
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nick205
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| posted on 1/7/13 at 02:50 PM |
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quote:
Originally posted by Canada EH!
Not so unusual, would you rather be paid once a year or once a month?
Better to have a small amount coming in monthly than a large amount you have to budget.
Insurance companies have money coming in and going out monthly just like us, so you pay for the privilege of sending one large cheque.
As a business, I'd rather be paid up front and have the money to invest/accrue interest. A single transaction is also cleaner 10-12 direct
debits. IIRC if you make a claim you usually have to pay the outstanding balance as well.
I'd phone the insurer direct and question them, I bet they'll override the website and take your money in one go.
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Ninehigh
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| posted on 1/7/13 at 02:52 PM |
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Under both situations I have the option to pay monthly or in one lump, the only difference was me stating which way I'd prefer to pay.
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mark chandler
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| posted on 1/7/13 at 05:10 PM |
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quote:
Originally posted by Canada EH!
Not so unusual, would you rather be paid once a year or once a month?
Better to have a small amount coming in monthly than a large amount you have to budget.
Insurance companies have money coming in and going out monthly just like us, so you pay for the privilege of sending one large cheque.
Cash up front is king, they can then use it elsewhere straight away.
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matt_gsxr
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| posted on 1/7/13 at 09:23 PM |
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quote:
Originally posted by Canada EH!
Not so unusual, would you rather be paid once a year or once a month?
Better to have a small amount coming in monthly than a large amount you have to budget.
Insurance companies have money coming in and going out monthly just like us, so you pay for the privilege of sending one large cheque.
I can help.
If you want you can send me £1000 and I will send you back £75 a month for 12months. Offer open to anyone on here, I'm kind like that.
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spiderman
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| posted on 2/7/13 at 02:06 AM |
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quote:
Originally posted by matt_gsxr
quote:
Originally posted by Canada EH!
Not so unusual, would you rather be paid once a year or once a month?
Better to have a small amount coming in monthly than a large amount you have to budget.
Insurance companies have money coming in and going out monthly just like us, so you pay for the privilege of sending one large cheque.
I can help.
If you want you can send me £1000 and I will send you back £75 a month for 12months. Offer open to anyone on here, I'm kind like that.
I will take you up on the offer but I will have to charge you a £150 administration fee.
Spider
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britishtrident
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| posted on 2/7/13 at 07:12 AM |
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Back in the days of using high street brokers was paying monthly and tried to pay the final two payments at once, it through the computer into a
mental breakdown and it wanted additional £17.
[I] “ What use our work, Bennet, if we cannot care for those we love? .”
― From BBC TV/Amazon's Ripper Street.
[/I]
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