Anyone got any thoughts on excess?

currently have a £150 excess on accidental damage, renewal insurance would be £1103. If I bump the excess up to £350 my insurance drops by £85.

is it worth doing?

Greg

 

Up to you. How likely are you to need to pay it. If you've been driving for 10 years without a bump you would have saved 850 squid.
If you'd had that number of accidents needed to cover the difference you would'nt be able to insure a Metro!!
Boils down to how confidentyou are that you will not have a fault or 50/50 accident.
Alasdair

 

Greg,

Personally I'd go with the £350.00 excess...basically (apart from the last 12 months when the P1 took a fancy for a tree!!!) I have been claim free for years...

£350.00 isn't too bad if you have to pay it out...and afterall £85.00 is £85.00 isn't it ...

I wouldn't however go any higher than that...I used to have £1,000 excess on my 1st Scoob....and I was a nervous wreck for 12 months!!

Rum*

 

Personally I'd go for the high excess and protect the no claims... At least then you can keep the renewal sensible if you do have to claim!

Jon

 

Jon,

Trouble with that is that in the event of a claim.....you still have to pay the excess...best of both worlds...average excess £350 - £500 and also Protect the NCD...

Tom

 

I think Direct Line have a compulsory excess of £500 on a MY01 unless you get a quote on-line where you appear to be able to vary it form £150 upto £500??? Can't remember what the savings were though.

[Edited by boultsy - 1/14/2002 8:29:02 PM]

 

point i was saying is that I'd rather have protected NCD and a £350 excess than not protected and £150

Chances are you insurance will go up more than £200 if you loose 2 years + No claims!

[Edited by polarbearit - 1/14/2002 8:49:39 PM]