Cheap one day car insurance ???

BigTom · Post by **BigTom** » Mon May 05, 2014 12:34 am

I know the thread has drifted a bit but be very careful with short term insurance policies online - almost all of them have a 'no modifications' clause buried in the small print.

Shiny · Post by **Shiny** » Mon May 05, 2014 9:36 am

Admiral won't add your own car onto a "multi car" policy! How bizarre, that is the whole point of a multi car policy.

There is a reason for the price matching thing. They offer their rate for the risk at renewal (or at least they should do). It is easier to explain on the type of stuff I deal with. An insurer may offer a commercial renewal for £5k which is the premium based on their current rates. They may have a retention discount available of x% for a good clean claim free risk.

If after marketing the risk the best alternative I can find is £6k, then the current insurers are clearly the best market and there is no reason for them to discount their rate. Whilst they could possibly have done it at £4.5k if they were under threat of losing it, there is no reason too.

If however I can find an alternative at £4.5k (offering the same cover) I will go back to the insurer and ask if they can improve their terms or price match. They then have to decide if they want to reduce the renewal premium and if they are to take a chance on the profitability as it is a good case, or walk away and loose it.

Like it or not, insurers are businesses, so they can't trade on bottom line premiums 100% of time.

This doesn't explain the difference between new business and renewal pricing differentials from the likes of Admiral though, which is ludicrous. That is purely a way of buying in business to increase a marketing account of existing customers and isn't right. A renewal premium should, if anything, be cheaper than the equivalent new business premium.

89 UKDM BA4 4WS (resto job!) · Post by **wurlycorner** » Mon May 05, 2014 11:08 am

Yeah, they would add it as a permanent vehicle to the multicar (but needed to transfer me to their new business unit

and promptly dropped the call as always and didn't bother calling me back of course

) but not do it as a temporary vehicle unless I didn't own it.

Post by **Donald** » Mon May 05, 2014 1:11 pm

So @Shiny, any insight as to why as a full time mature (25+) student it's not a default part of the policy that I can drive other cars on my policy?

Never had this problem employed or self employed. Can't see the problem as every aspect of my policy is the same bar 'occupation'. I could still be commuting to a permanent place of work or study (as was stipulated under the terms of my insurance).

The answer I got was 'we don't cover students like that' and the guy couldn't/wouldn't expand but told me for an extra 14 quid a month it wasn't a problem.

This was with Admiral BTW, I'm no longer with them but I'm still curious.

89 UKDM BA4 4WS (resto job!) · Post by **wurlycorner** » Mon May 05, 2014 1:47 pm

Because Students are lazy scrounging bastards that spend all their life stoned and pissed and can't be trusted to be telling the truth that the car they're insuring, is actually the one they'll be driving...

mercutio · Post by **mercutio** » Mon May 05, 2014 5:49 pm

wurlycorner wrote:Because Students are lazy scrounging bastards that spend all their life stoned and pissed and can't be trusted to be telling the truth that the car they're insuring, is actually the one they'll be driving...

lol

Shiny · Post by **Shiny** » Mon May 05, 2014 7:06 pm

Other than what Wurly said, I can see no logical reason why DOC would be excluded by occupation for a student (aged 25+).

There are statistical reasons why Students can attract higher premiums, but nothing that i can see that relates to why you wouldn't get DOC. Admiral are a funny bunch.

Lude Generation

Cheap one day car insurance ???

Re: Cheap one day car insurance ???