My insurance is financially killing me - need help please !

[VR6-DUB 3]

Deposit was the good part of £700, not sure about the second part of your question will have to look into that in a bit more detail, but i am sure any insurance company will refund some part of the deposit, might have to ring them back and speak to someone else that might help.

I have been with the insurance company for more than a month now but if i cancelled the policy within the 14 day period, my full deposit would have been refunded and only an admission fee would have been charged, about £35.00.

[Ian_rogers 0]

Surely they can only charge u for the time u have been covered and a cancelation fee or such like? Ull have to have a good read of all the T&Cs and small print

[oldmandon 1]

I agree, what was the actual policy value? Because £700 is one hell of a deposit!!!!!

[VR6-DUB 3]

£700 deposit and after that £265 per month, cheapest i could find at that given moment in time, desperate to get insured at that time.

I will be ringing them to chase up on it and find out if they can charge me for the time i have been insured and refund the rest, plus need to re read through the terms and conditions and small print.

[VR6-DUB 3]

After watching watchdog tonight it looks like a lot of people are suffering from sky high insurance premiums. :-(

[djphantom25@hotmail.com 0]

try direct line and churchills, they should be pretty decent, they insure you on a vr6 if ur 21 and over.

[SpookyBandwagen 0]

respect for that.. £265 a month I'd have got shot of it in a flash

[ez_101 1]

Mate i feel for you... im with Admiral and there are pretty decent to be fair, as soon as i hit 25 early this year i noticed a big swtich in prices... It seems insures class "youngsters" now as 17-24, i personally couldnt warrnet a £265 a month insurance, maybe sorn it for a year do what you need to to it and run around in a banger!?

Good luch fella

[VR6Nat 9]

thats dedication man!! i pay £540 a year n i thought that was a lot!! :S lol

[p0u1 14]

im paying 1600 a year with adrani flux it jumped up 300 pound from last year, so 20 last year and 21 now, yea it makes great sense dosent it, i looked at getting 1L clios and small cars insured and they cost more somehow

[VR6-DUB 3]

Thanks guys for you comments and advice, i am very busy at the moment like a lot of people at this time of the year, with work being busy for Christmas, so really have had the chance of sitting down to sort insurance out but will get round to doing it - selling the car is still a possibility but we see how things go.

[VR6-DUB 3]

Just a quick update i just spoke to my insurance company, and i asked them to explain everything regarding cancelling and refunds.

The man that i spoke to worked out if i was to cancel my policy today, i would owe the insurance company 40% which he worked out roughly to about £600.

So if i stay with them i got pay the big monthly premium, and if i leave them today they will still take £600 from me.

And even if i go to another insurance company i would still have to pay a big deposit, which will probably be around £600 - so i am in a catch 22 situation cant win either way.

However i got some good news i added my father as a named driver on the policy and managed to save £60.00 for the year - not so good compared to the huge premium i am paying.

Oh well going to keep ammending my policy till i get to some figures that i like the sound of. lol

[mrhat 0]

just got a quote on a m3 vr6, best price on confused.com was 278 fully comp with kwik fit. but i am 37 with 10yrs ncd.

[VR6-DUB 3]

If only i was 37 with 10 years ncd i would be loving it.

[VR6-DUB 3]

I thought i update my thread now, done a bit more research into my insurance and found out if i can get a letter sent out to me from my previous insurance company stateing how long i was a named driver with them in my case 4 years and send it to my current insurance company, my premium should come down as it shows i have been a named driver on a policy for 4 years without any accidents claims etc.

Just waiting for the letter to arrive so i can send it out to my new insurance company and i have also decided to increase my voulntary excess from £250 to £350, a good idea peeps?

[Ian_rogers 0]

Thts great news mate!! Hope it works, u might even get a cash refund if the price drops a lot :-)

[VR6-DUB 3]

Yep i could do with a bit of extra cash in my pockets lol

[VR6-DUB 3]

Finally my letter has arrived from my previous insurance company, i will be posting it out very soon to my new insurance company, hopefully i will see what reductions will happen.

I will update the thread as soon as i find how much my premium has gone down.

[VR6-DUB 3]

My premium has finally come down to something a bit more reasonable. Still waiting for my new documents to come through the post.

[Ian_rogers 0]

How much did it come down by?

[VR6-DUB 3]

£180 a month, thats the best they can do, i can afford this no problem so it's all gud !

[craggsy 91]

WOW........I just couldnt bring myself to pay that much. But fair play to ya for wanting to.

I should get my renewal on the R32 at the end of this month, that will be interesting lol

[VR6-DUB 3]

Thanx Craig, it's not bad i guess wat i am paying for insurance, where i live, policy in my name, points etc, so it's betta then not having a vr all together lol.

At least this way i can still be part of the vr6 forum, by the way ur r32 is phat. Let us know wat ur renemwal quoute is wen u get it. should be interesting to know.

[Nero Mk 2 8]

I was 850 a year for the scooby fully comp with breakdown and a 250 excess, changed over the polocy to the vr6 and got a 240 quid refund..happy days

in my 30's

3 years ncb

[Ian_rogers 0]

£180 a month' date=' thats the best they can do, i can afford this no problem so it's all gud !

[/quote']

That's quite a good saving from the original price u were paying! Glad u got it down to a more manageable price!