Brandane
Legendary Member
- Location
- Costa Clyde
For the past 9 years I have been driving a 2006 Toyota Corolla, now with 113k miles on the clock, and worth about £800 as a part exchange. Last weekend I agreed a deal on a Suzuki Swift (1200 cc, £30 VED, 55 mpg - so as sensible as they come). It's a 2014 model with 50k miles on the clock, worth about £5500....
Today I decided to tell my insurance company about the change of car on Friday coming, expecting a small surcharge and maybe an admin fee.
I just renewed the insurance on the Toyota 1 month ago and it was £149. The ADDITIONAL charge for the new car? It's £222.... How the feck do they come to these figures? The selling agent told me it was because the value of the new car is triple that of the Toyota. I smell BS on several fronts, not only because I remember being told years ago that the value of your car has only a small bearing on the cost of insurance as you might go out in your cheapo Toyota and write off a new Bentley if you hit it hard enough!
Anyway, I went on Compare the Market to find a better deal. The cheapest I can find for an annual policy on the new car is £188. And here's the thing....... The £188 quote is from AA Car Insurance; the same bunch of f****ng morons I am currently insured with!
I know the are all shysters, but I am sorely tempted to cancel my policy and take whatever they refund me, then insure the new car with one of the other companies on Compare the Market for around the £190 mark.
Today I decided to tell my insurance company about the change of car on Friday coming, expecting a small surcharge and maybe an admin fee.
I just renewed the insurance on the Toyota 1 month ago and it was £149. The ADDITIONAL charge for the new car? It's £222.... How the feck do they come to these figures? The selling agent told me it was because the value of the new car is triple that of the Toyota. I smell BS on several fronts, not only because I remember being told years ago that the value of your car has only a small bearing on the cost of insurance as you might go out in your cheapo Toyota and write off a new Bentley if you hit it hard enough!
Anyway, I went on Compare the Market to find a better deal. The cheapest I can find for an annual policy on the new car is £188. And here's the thing....... The £188 quote is from AA Car Insurance; the same bunch of f****ng morons I am currently insured with!
I know the are all shysters, but I am sorely tempted to cancel my policy and take whatever they refund me, then insure the new car with one of the other companies on Compare the Market for around the £190 mark.