Insurance Help - Moving HomeInsurance
Posted 29 September 2013 - 10:43 AM
I'm due for insurance renewal on my 111R on the 10th October, and my current insurer (Bell) has given me a reasonable quote. However, I'll be moving home on or around the 18th October from LE4 to Newtown Linford. The same insurer is quoting £300 less at my new address :-)
I have 13 years no claims, and have always been fully comp.
What are my options here?
Should I renew and hope the insurer is honest with a rebate?
Should I try to extend the current policy a month and reinsure at me new address?
Should I take my car off road for the intervening week, and what impact would that have?
Any advice would be gratefully accepted!
Posted 30 September 2013 - 12:25 PM
I too live in LE4, but would love to live in Newtown Linford as it is such a nice village.
Goodluck with the new place.
As for the insurance it depends on the insurance company.
I was in a similar position a couple of years ago and Admiral let me extend my current insurance for a month at a competitive rate before getting a new quote. They also gave me a rebate for the overlap time, if that makes sense.
This way I avoided an admin charge for changing details too.
I thought Admiral handled this really well, but I wouldn't necessarily trust other insurance companies.
Temporary insurance with another company is likely to be more expensive.
Technically you are no longer allowed a brake in insurance (no insurance) without being SORN, but for a few weeks I'm sure you will be ok. Although many insurance companies will tell you that you can't do it, full stop.
£300 cheaper! Mine is only £600 a year fully comp in LE4 with my Lotus Europa S through Adrian Flux, does that mean I could half my premium if I move?
Posted 30 September 2013 - 02:51 PM
Thanks for the reply. Bell are part of the Admiral group, so they may well have the same policy. I'll give them a ring.
I've just turned 35, and my insurance renewal dropped from £950 last year to £720 this year (which was fantastic), but when I looked for a quote at the new address it went down to £418. I'm really chuffed with that, and now I realise my insurance as been so high because they put it at a higher theft risk.
Posted 30 September 2013 - 03:27 PM
What goes on tour, stays on tour Alex. The first rule of the breakfast club.... :-)
120bhp k series Elise - GONE
189bhp 111R Elise - Here.
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