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Thread: A Plan Insurance were best

  1. #11
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    Tried them for the 348 renewal a couple of month's ago.

    Even with all the discounts etc, they couldn’t get close to AON.

    Good luck

    Julian

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    Quote Originally Posted by madjules
    ...they couldn’t get close to AON...
    Who I've also heard good things of from a lot of people...

    But I never, ever get a decent quote from them.

    Insurance lotto.

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    Quote Originally Posted by WillW
    As I'm so lost in this insurance thing in UK (it really does need much more regulation) so what this protected really NCB means: I have protected NCB but if I make claim my NCB's stays but will insurance companies still raise considerably my premium when renewed?
    As in my case, they could do.

    The argument they use is that whilst your NCB has not changed, premiums generally have gone up. So they can charge you more.

    They would also argue that had you not had protected NCB, your premium quote would have been even higher.

    Here's the rub - it's impossible to ever validate empirically whether premiums have gone up. You can submit *exactly* the same details (the ones that are relevant - change the name and house number) to the same insurance company and get two different quotes. It'll depend on who you talk to, what time of day you call etc etc, but it happens.

    So you pay extra for protected NCB, but in my experience you're more likely to "protect" the level of your next premium by simply phoning round every year, whether you made a claim or not. (NB Not having an accident is always a good way, but again not guaranteed!).

    The reason for all of this is that insurers allow their operators to give additional discretionary discounts (e.g. new customer, "it's a Thursday", "I got a shag last night so why not"). So one theory is that if you get a decent relationship with an insurer, they may apply these arbitrary discounts to your premium more often.

    I have every faith that Footman James may do this (because of how they've handled my current insurance requirements), but there is nothing to say they have to.

    So it always pays to phone around.

    Note that these "discretionary discounts" can often work massively in your favour.

    The aforementioned Liverpool Victoria had a jihad on getting Ferrari business a couple of years ago. The result - a premium of 800 quid on the 355 when everyone else wanted 1300 quid (I heard of someone who was quoted 300 quid by mistake, and they honoured it!).

    The year later, this "discount" evaporated and their renewal quote was...yep, 1300 quid. They rely absolutely on people being lazy and not phoning round. Snare new business and you get it for life. Or so they reckon.

    Quote Originally Posted by WillW
    And as I can use NCB's just for one car (which is really stupid IMO) so if I have NCB's for two cars and I make a claim will it affect for another NCB although both would be protected? Hopefully you get my point...
    Depends on the insurer, BUT by an large if you have ANY claims against an insurer, you need to tell your insurer about it and it's up to them what they do with that info. If you don't, and you need to claim later, it's one of the small print items that could allow them to get out of paying your claim...

    A number of insurers will actually let you use NCB against multiple cars. Others don't use the concept of NCB for certain classes of car (classics are a case in point).

    Depending on your requirements, this may feature in who you go with. E.g. insurer A may be 100 quid cheaper, but insurer B may let you use your NCB on 10 cars. If that saves you more than 100 quid, it may be better to go with insurer B.

    Some insurers are also much better with certain types of car. E.g. I insure my Caterham through a firm called MSM. This guy specialises in Caterhams and kit cars. And I've only once been offered a better premium than they could do in nearly 10yrs. They also know me, and the quality of service I get from them is great. But they aren't competitive on other marques (and openly admit as much).

    Footman James and AON are good with classics (like your 348). A-plan less so. Sheelaz Wheelz are allegedly good if you're a doris. Saga if you're old and drive a Testarossa (sorry Si, uncalled for I know).

    It's a murky old world out there. And yet another area in this lovely country where the motorist gets spanked by government and can do nothing about it.

  4. #14
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    My problem is Im limited with the insurance co that will cover me as my car is not garaged at night. Aon and others insist its garaged so im left with a handful of companies that will do it for me.

  5. #15
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    Thx for very good explanation!!
    In my case my age limited number of insurers out, especially all the classic insurance policies. But now got insurance at price I can live with (1200£) and it was definately the best quote I got.

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    Quote Originally Posted by WillW
    Thx for very good explanation!!
    In my case my age limited number of insurers out, especially all the classic insurance policies. But now got insurance at price I can live with (1200£) and it was definately the best quote I got.
    Wow how young are you? Mine is less than half that!

  7. #17
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    Quote Originally Posted by adnaan
    Wow how young are you? Mine is less than half that!

    28, as I said , they really hate me. (limited miles, garaged, 5yrs NCB etc...)
    But it's LHD and I have EU licence, dunno if that matters


    edit. and difference I can easily spend when out with boys so one night less and insurance is saved
    Last edited by WillW; 29-06-2006 at 12:27 PM.

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    Always the case unfortunately.

    Now if I were Minister for Transport, there'd be a government controlled database that all insurers had to submit claims into.

    There would then be a set of factors developed that would be used to construct your baseline premium (age, gender, post code, number of claims made and a whole raft of other items).

    A calculation would be made against the charge for all premiums (as picked up by man in the street) and the total paid out in claims.

    This database would then allow a "base premium" to be calculated for any given demographic, above which no insurer would be allowed to charge.

    They would be within their rights to charge less than this to allow competitiveness, and for them to assume greater risk, but the motorist would be able to calculate the exact maximum that he should ever pay.

    There would also be no speed limits on motorways, speed cameras would only be outside schools, designated playing fields and hospitals and road tax would be scrapped.

    Anyone taking more than 3 times to pass their driving test would not be allowed to have a license, and anyone not passing their test by the age of 25 would be barred from having a license.

    You also wouldn't be allowed to go on motorways without passing a second test (which would involve some track tuition).

  9. #19
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    Quote Originally Posted by Murph7355
    Always the case unfortunately.

    Now if I were Minister for Transport... .
    You just got my vote!!!!

  10. #20
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    Quote Originally Posted by WillW
    28, as I said , they really hate me. (limited miles, garaged, 5yrs NCB etc...)
    But it's LHD and I have EU licence, dunno if that matters...
    All these things matter.

    I would guess that the EU licence is probably weighting it for you. I also believe some insurers load LHD cars.

    I know it's not what you want to hear, but you're not *that* young any more

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