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......However, what has always been important to me with such vehicles is (sorry, as already said) ‘Agreed Value’ cover, so I know what the payout will be in the event of a total loss, which can equal - minor wing damage for example.
Of course, some of these cars may have been bought when prices were on their knees, so - so what? However, some cars may having been bought on the basis of good money having been paid for good examples, making ‘agreed value‘ essential to safeguard the asset.
Quite.

As is plain from the number of threads on various motoring forums where owners are whinging about the derisory value that the insurer has placed on the old/classic car that they have spent thousands of pounds on. Even with the recent firming of values of MG Rover era cars, the actual value is unlikley to be as much as many forum members will value what they have put into their cars, and equally as unlikely to allow them to buy a comparable replacement which has had the same amount of time, effort and money put into it as their written off one has had, and is therefore unable to be considered as potentially reliable.

And, as you have already suggested, a good many (if not most) insurance companies nowadays have exclusive salvage agreements with one of the big salvage disposal companies (such as Copart or IAA), and they will not allow the insured to buy back/retain any vehicle subject to a claim which they have declared a total loss/write-off.
 

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Discussion Starter · #22 ·
The problem with that attitude is that it misses the point that it also has to meet the needs of the owner of the vehicle that you crash into. Cheapo policies nearly alway fail miserably on that one. The upshot of that is that you may face a a third party who will find their only course of redress is to resort to a court claim against you personally, which your insurer is probably not going to cover you for.


I would agree with that caveat, except that very often the very cheap policies from small insurers are backed by large cheapjack underwriters.

My view is based on the experience of my Father, who spent over a quarter of a century as an agent for what was then, and still is, a large insurance company with one of the best claims settlement records in the industry.

I was in the insurance industry all my working life, lastly as an independent financial adviser for HSBC Private Clients, so that counts as some experience!! I also disagree with the notion that you need to worry about drivers that insure with, as you call them "cheapo" companies. It will be your company that has the obligation to get your claim settle, even if it's finally out of their own pocket, hence my caveat. You father (I suggest) must have worked in the industry before all the regulations, and possibly a door to door collector that sold and collected premiums. Much if the insurance we sold at that time as been banned, like endowment polices, and IB weekly polices. I started with' London and Manchester' but the Co-op and Prudential, Friends Provident did the same thing. Most of us also got commission for the sales we made, maybe your Father did too, it's just how it worked at the time. My experience was a that, most companies were all the same, and if you got a good agent, your experience was enhanced. Your Father would also have been a tied agent, only selling his own companies polices, so he had no choice in how good or bad the company insurance was?

Huge change in the Industry, made it that you had to have proper industry qualifications. I eventually got mine in Banking and Economics. But there were also less arduous qualifications, for all that sold financial products. I doubt you could buy a rubbish car insurance policy these days, due to regulations and customer reviews, I'll keep shopping around at renewal time, because as you can see with "Quote me Happy" they all have their day. Best wishes. Richard.
 

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You father (I suggest).................. possibly a door to door collector that sold and collected premiums
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You suggest wrong.

..... London and Manchester' but the Co-op and Prudential, Friends Provident
Not names which instil me with any great enthusiasm - I would regard all of those as pretty mediocre at best tbh.

.....And I am afraid I would not trust any division of HSBC as far as I can spit, so I am afraid that I don't view your mentioning their name as anything particularly positive :(

I'll keep shopping around at renewal time, because as you can see with "Quote me Happy" they all have their day.
Do so by all means - we all look at things carefully to get the best value for our money.

However, my original point remains (and you continue to miss it) that those who constantly advocate 'absolute cheapest quote' are almost certainly getting an inferior product and are not getting best value for their money either. I distinctly got the impression from your opening post, that cheapest = best was what you were pushing?

It staggers me the lengths to which the 'cheapest quote' fans will go to make out that they are in some way getting a good deal, and whenever anyone says anything against them, simply get continually and unceasingly shouted down.

The interesting thing to me is that the company that I have insured with all of my driving life, whilst not particularly cheap, is not the most expensive either, and when I have had the need to make a claim (which has been rarely), I have never had any difficulties at all, and very frequently I find my annual renewal either goes down (when everyone else seems to be cscreaming about their increasing enormously), and when it has gone up, it always seems to be to a much lower degree than appears to be the case for people with supposedly 'cheaper' insurance providers. For some insurers, customer loyalty still means something ;)
 

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Discussion Starter · #24 ·
:ROFLMAO::ROFLMAO: Just keep paying over the odds, and me and the others are grateful as people like yourself fund our lower costs, thanks.;) Doing it my way has never given me any problems either, when it comes to making a claim. I guess it's all down the the individual. At the end of the day, if you feel being loyal to one company these days, just because your Father worked for them, is fine by me, what works for you is all thats important. My wife worked for Marks and Spencer at one time, again another business not what they use to be, over time everything changes. I'm surprised if your company is that good, your hesitant to mention them in print, after all, are we not all in this together on this forum? :LOL: Best wishes Richard.
 

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It is the people that have need to claim against you who will go through the suffering - I've come across far too many of them over the years.

Puzzled as why you think I am paying 'over the odds'? I can assure you that I am not. For the level and breadth of cover I get, and the level and swiftness of service I recieve when it is needed, I feel I am on a very good deal. One which I haven't been confident that any of the comparison sites can equal, much less better on the few occasions that I have looked.

I am not normally in the business of name-dropping, but to satisfy your curiosity, it is NFU Mutual.

Neither do I see a great deal of point in bandying figures for insurance premiums about as they can differ wildly from one person to another for the same insurance company and same level of insurance on the same model of car according to so many variables that it is often barely even a rough guide. However, to further satisfy your curiosity, I have a ZR 120 and a ZR 105 on the same policy for a little more than £450, one being covered for business usage and up to 12k miles per year, and modifications declared (principally wheels and exhaust on both).
 

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Discussion Starter · #26 ·
I've been told NFU is an excellent company, right up there, and the reviews stand for themselves. But I would argue, you could get cheaper if you wanted. Keeping a presents in the High St as they do in my town, has a cost, and the staff again have to be paid. I've never tried them, ( NFU ) as I've always been happy with my own choice, but if you don't shop around, you will never know? And I think its a little simplistic to band those I've mentioned as mediocre, if you have only had dealing's with the one company as you quoted? As your Father may have told you, a huge number of these smaller companies go through Lloyds of London ( not to be confused with Lloyds bank ) and they underwrite all the debt, based on risk. It's how with minimum staff, and offices, some can be so cheap.

"Quote me Happy" part of the Avia group, we're only line only when I first insured with them, and very competitive. I found this frustrating to be honest, and wished for the kind of service someone like NFU provided, but the premium was such good value. Many now are throwing in bonus points, with money off MOT, service, and such. I got £150 cash back this year for Churchill. I'm sure you're right in some instances, but loyalty if found, only goes small way these days?
 

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.
You suggest wrong.


Not names which instil me with any great enthusiasm - I would regard all of those as pretty mediocre at best tbh.

.....And I am afraid I would not trust any division of HSBC as far as I can spit, so I am afraid that I don't view your mentioning their name as anything particularly positive :(


Do so by all means - we all look at things carefully to get the best value for our money.

However, my original point remains (and you continue to miss it) that those who constantly advocate 'absolute cheapest quote' are almost certainly getting an inferior product and are not getting best value for their money either. I distinctly got the impression from your opening post, that cheapest = best was what you were pushing?

It staggers me the lengths to which the 'cheapest quote' fans will go to make out that they are in some way getting a good deal, and whenever anyone says anything against them, simply get continually and unceasingly shouted down.

The interesting thing to me is that the company that I have insured with all of my driving life, whilst not particularly cheap, is not the most expensive either, and when I have had the need to make a claim (which has been rarely), I have never had any difficulties at all, and very frequently I find my annual renewal either goes down (when everyone else seems to be cscreaming about their increasing enormously), and when it has gone up, it always seems to be to a much lower degree than appears to be the case for people with supposedly 'cheaper' insurance providers. For some insurers, customer loyalty still means something ;)
Chap.. You are the one ranting on with the same points and issues, this thread however was about shopping around for a cheaper quote not what you feel constitutes good insurance a good deal or what your old man did, oddly enough shopping around for a good deal is something you appear not to even do.

Glad you're happy. I am too with cheaper policies from comparison sites and cashback.
 

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Chap.. You are the one ranting on with the same points and issues, this thread however was about shopping around for a cheaper quote not what you feel constitutes good insurance a good deal or what your old man did, oddly enough shopping around for a good deal is something you appear not to even do.

Glad you're happy. I am too with cheaper policies from comparison sites and cashback.
We pay our money and make our choice. Isn't it time for Man in the car and Richard (BUDDY) Barrett to stop bickering now. Regards to all. D4KGP.
 

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So, am I the only one to think that agreeing the value of our ‘collector’s car’ is a sensible consideration?
This can be achieved at competitive prices via. specialist brokers, and generally doesn’t need a ‘spare’ NCB, or generate one.
A sensible guaranteed value is agreed via a self compiled condition for and a set of photos.
 

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So, am I the only one to think that agreeing the value of our ‘collector’s car’ is a sensible consideration?
No you are not the only one. It is a very valid point, and I agree with you fully. It appears that for some, their car is just a conveyance, and they perhaps only view it at current 'book' value.

Chap.. You are the one ranting on with the same points and issues, this thread however was about shopping around for a cheaper quote not what you feel constitutes good insurance a good deal or what your old man did, oddly enough shopping around for a good deal is something you appear not to even do.
Ranting. no, not even slightly. And I would expect that for most people, the issue of cheaper quote vs 'a good deal' (ie. level of cover and standard of service) go hand-in-hand.

If you read my earlier post, you will see that I have tried 'shopping around' in the past, and have been totally unable to find anything which makes a change in the slightest bit worthwhile.

Isn't it time for Man in the car and Richard (BUDDY) Barrett to stop bickering now
I was not aware of any 'bickering' Richard and I appear to disagree on some of the main points, but it constitutes a discussion, not having a falling out or being rude to one another, as indeed I will not be rude in response to the mildy rude post that you have directed at us both. If you are not interested, I am not forcing you to read it all. Feel free to put me on your 'ignore' list if you so wish.

....... Keeping a presents in the High St as they do in my town, has a cost, and the staff again have to be paid......
I don't think there are many High Street located NFU offices left - most have been relocated to more suitable out-of-town sites. They maintain so many offices because NFU stands for 'National Farmers Union', and they serve a wider purpose for their farmer members than purely providing insurance. Nowadays the insurance side makes up a much greater part of the local offices work than used to be the case. However, the incumbent Local Branch/Group Secretary is still responsible for providing a wide range of professional advice relating to any number of agricultural/horticultural business related matters. They are not merely an insurance agent, and there is more to the local NFU office than simply being a shop window for NFU Mutual (and Avon Insurance, which is also owned by the NFU and these days specialises in life/accident cover) .

I have looked elsewhere, and am unable to find any other insurer that I can be confident can offer me a better overall deal, which is why I remain. On the occasions that I have needed to claim, or had a claim against me, NFU Mutual have looked after me very well indeed. I would need some very compelling reasons to move elsewhere beyond a mere cost saving.
 

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I’m glad I dipped out of this cheapest vs dearer insurance debate!
All I can now add is that car insurance can be seen as a (un?)necessary legal requirement - perhaps simply adding on to the cost of motoring. If it wasn’t legal, some just wouldn‘t bother with it. In that case, the cheaper the better, since the car just isn’t considered to be of any beneficial value, and the inevitable grizzling about the pay out will be suffered if it happens.
It is perhaps strange that some wouldn’t be seen dead in cheap trainers, yet getting the cheapest insurance becomes a justified battlefield.
That‘s how it is, and it can’t be knocked it that’s the individual wants - sometimes in ignorance of paying slightly more for a far more comprehensive cover, because they may not know that such alternatives exists.
House and contents insurance? You don’t legally have to have it, but folks generally specify what actual payout values they expect when they need it. It has been said that car purchases are the second most costly expense to house purchase, yet are the payout values for the car considered much…?
 
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