Car Insurance Excess

[aquazi]

Would you have claimed £800 if you had £150 voluntary, i.e. £400 excess in total? Not sure what the hit would be on the premium (and premium on other cars you have or are insured on)

I think i would... as the damage quoted for me was £1500... £800 was how i managed to get it from a local place.. but i guess if i were to claim i would let the dealer deal with it.. and now as i only have 1 car again i would get a courtesy car too!

So £400 excess plus maybe £50-£100 bump in premium the next year (for maybe 2-3 years) would be worth it.

 

[Nictrix]

Would you have claimed £800 if you had £150 voluntary, i.e. £400 excess in total? Not sure what the hit would be on the premium (and premium on other cars you have or are insured on)

I think i would... as the damage quoted for me was £1500... £800 was how i managed to get it from a local place.. but i guess if i were to claim i would let the dealer deal with it.. and now as i only have 1 car again i would get a courtesy car too!

So £400 excess plus maybe £50-£100 bump in premium the next year (for maybe 2-3 years) would be worth it.

Did adding the voluntary £150 onto your excess bring your insurance down much?
Or in hindsight would you have been better paying slightly higher insurance and having a lower excess?
And with what has happened would you still increase the excess from the minimum compulsary?

 

[aquazi]

Would you have claimed £800 if you had £150 voluntary, i.e. £400 excess in total? Not sure what the hit would be on the premium (and premium on other cars you have or are insured on)

I think i would... as the damage quoted for me was £1500... £800 was how i managed to get it from a local place.. but i guess if i were to claim i would let the dealer deal with it.. and now as i only have 1 car again i would get a courtesy car too!

So £400 excess plus maybe £50-£100 bump in premium the next year (for maybe 2-3 years) would be worth it.

Did adding the voluntary £150 onto your excess bring your insurance down much?
Or in hindsight would you have been better paying slightly higher insurance and having a lower excess?
And with what has happened would you still increase the excess from the minimum compulsary?

Well i was on a £500 volutary excess before - so £750 total.

However having just got insurance this morning with Aviva for my TT - business and social commuting up to 15K miles with a £150 voluntary excess (£400 total) it is £355. Increasing the excess to £500 (£750 total) has the premium to £336 - so for the sake of £19 i'd rather have the lower excess.... to put it into perspective.. it i chose to pay my insurance monthly it would cost more than £19!!

That and the fact the TT is £200 less to insure than my Z4 (with its mods) it was an easy choice for me!!

 

[bluestreak56]

Yes there is also a tipping point with excess where adding more actually increases the premium..