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20th August 2016, 19:00 | #1 |
I really should get out more.......
Freelander Td4 Join Date: Jan 2013
Location: Gateshead
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Underwriter wont insure
This year I had a good deal with the Co-op insurance for my 2.0 CDT 53 plate
however I have just got the T plate (1999) 1.8 auto, went to change vehicle details over, and they wont insure it, excuse was the underwriters wont insure this vehicle, no reason given So insurance cancelled at no cost to me and a refund on my payment due, had to go elsewhere for cover
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20th August 2016, 19:23 | #2 |
This is my second home
1979 Capri 1.6L, 1982 Capri 1.6L, 2016 Dacia Stepway Join Date: Jun 2009
Location: Dorset
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I think this scenario is going to become the norm, I heard that these cars are becoming a problem to insure for some companies.
Another scenario is... It puts people at a high risk, some insurers like you to buy newer when changing your car. They believe an older car will not get taken car of that well, especially when you previously had a newer vehicle. |
20th August 2016, 19:52 | #3 | |
This is my second home
Rover 75CDT, Jaguar XF-S 3.0V6, V'xhall Omega V6 Estate, Twintop 1.8VVT, Astra Estate and Corsa 1.2 Join Date: Dec 2007
Location: Suffolk
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Quote:
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20th August 2016, 19:53 | #4 |
This is my second home
MG ZS EV Join Date: Oct 2015
Location: Lancashire
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I've had two companies refuse to insure mine, Swiftcover & I've forgotten the other now no reason given to me either
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20th August 2016, 19:55 | #5 |
I really should get out more.......
Freelander Td4 Join Date: Jan 2013
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Yet Swiftcover gave me the lowest quote....strange
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20th August 2016, 20:01 | #6 |
This is my second home
MG ZS EV Join Date: Oct 2015
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I've had ridiculously wildly differing quotes not just online but ringing the main insurance companies also.
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Blessed are the tea makers. http://www.dailymotion.com/video/x3b...auto-2000_auto |
20th August 2016, 20:02 | #7 |
I really should get out more.......
MGTF, MGZT, Range Rover Join Date: Sep 2013
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Interesting thread. I will soon be changing my insurance from the MG ZR (for sale very soon) to my latest aquisition, a Contemporary 2.5 V6. It will be interesting how much it will be or if I encounter any problems.
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MG TF 135, MG ZT, Range Rover P38 |
20th August 2016, 20:07 | #8 |
This is my second home
Rover 75 Saloon & Tourer Join Date: Sep 2012
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ask the underwriter about it. I had trouble some years ago with a bike. it turns out that the broker buys a package from the underwriter. my bike was not included and so was not covered. the underwriter would not set up an insurance policy with me but only with a broker but this broker did not have in place the right package. hence had to change underwriter.
macafee2 |
20th August 2016, 20:09 | #9 |
This is my second home
1979 Capri 1.6L, 1982 Capri 1.6L, 2016 Dacia Stepway Join Date: Jun 2009
Location: Dorset
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Due to our cars having such a large following, clubs/forums etc, this can also be its Achilles' heel.
Many of us price our cars unrealistically, so when we need to make a claim, we shoot ourselves in the foot. Many mods go undeclared until insurance claim time, then we bully the insurance companies for as much as possible. Its a massive knock-on effect. |
20th August 2016, 21:50 | #10 |
Loves to post
2004 Rover 75 Tourer CDTi Join Date: Apr 2016
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When your renewal arrives from your existing company and is higher than last year, give them a ring and tell them that you can't see the justification for it. It often works and in the past I've had significant money taken off the renewal quote just for phoning them. Of course, they go through the policy with you on the phone and try to find something that's 'wrong' but usually nothing is changed but mysteriously the price drops back down to around last year's cost.
I had heard that many insurers try to increase in a three year cycle i.e. year 1 is cheap to get you to buy it, year 2 is a little more so you renew and then you get clobbered in year 3 and they hope you won't notice or are to lazy to change it. I don't have any evidence for this though! My Mrs always calls around for a few quotes when her insurance is due and a couple of years ago it really paid off. She called More Than to get a quote for our Rover 45, didn't take the policy out because it was too expensive but then about a month later got a call to say that she'd been entered into a prize draw when she called and won first prize... We still have the BMW 1 Series Sport that she won parked on the drive ;-) |
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