I purchased a car worthy £2000 and I purchased a comprehensive insurance policy. Some of my friend said that we will not claim (1) losing no claim bonus (2) the car compensation only say £500. They suggest me to increase the excess to $1020 in return for the refund of £94. Is it worthwhile?
2006-11-22 23:32:57 · 7 answers · asked by Beckham 2 in Business & Finance ➔ Insurance
My question is existing £220 excess on comprehensive insurance. Is it worthwhile to switch to £1020 excess in return for £94?
2006-11-23 07:10:33 · update #1
If you increase the excess you are halfway to having no insurance as you will end up paying most of the claim yourself. Don't forget, that in the small print, the voluntary excess is added to the standard excess. The only way to get much cheaper insurance is to drive a lower rated car, never claim, and be old.
2006-11-25 19:20:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Get and compare quotes from different companies at - INSURERATESME.INFO-
RE Car insurance?
I purchased a car worthy £2000 and I purchased a comprehensive insurance policy. Some of my friend said that we will not claim (1) losing no claim bonus (2) the car compensation only say £500. They suggest me to increase the excess to $1020 in return for the refund of £94. Is it worthwhile?
2014-08-22 17:00:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I might suggest that you visit this web site where you can compare quotes from the best companies: http://insure-cheap.info/index.html?src=2YAslwmcEI14
RE :Car insurance?
I purchased a car worthy £2000 and I purchased a comprehensive insurance policy. Some of my friend said that we will not claim (1) losing no claim bonus (2) the car compensation only say £500. They suggest me to increase the excess to $1020 in return for the refund of £94. Is it worthwhile?
Update: My question is existing £220 excess on comprehensive insurance. Is it worthwhile to switch to £1020 excess in return for £94?
Follow 7 answers
2016-08-27 23:43:03 · answer #3 · answered by ? 6 · 0⤊ 0⤋
You're question isn't clear to me. Do these things:
1. Check the valuation of your policy - most policies insure a car for 'actual cash value' not what you paid for it. Your receipt doesn't matter at all.
2. Unless your friend is licensed to sell insurance, has read your policy, and knows what the heck they are talking about, ignore their advice, and ask the person who sold you the policy, and has presumably read it.
2006-11-23 02:20:45 · answer #4 · answered by Anonymous 7 · 0⤊ 0⤋
change insurance company, norwhich union are good, the give a discount to new fully comp clients, all policies have an excess but that depends on ur age and what car u got
2006-11-22 23:39:48 · answer #5 · answered by eyoremum2004 2 · 0⤊ 0⤋
For free insurance quotes
2014-12-17 22:11:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You can easily get and compare quotes from different companies at: INSTANT-INSURANCE.NET
2014-06-25 13:14:53 · answer #7 · answered by Anonymous · 7⤊ 0⤋
you should change
2006-11-23 21:25:03 · answer #8 · answered by Anonymous · 0⤊ 0⤋