gregh

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

Alas

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

Rum*

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*

polarbearit

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

Rum*

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

boultsy

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]

polarbearit

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]