skanky Posted September 15, 2006 Report Share Posted September 15, 2006 just wondering what sort of excess people prefer on their premiums. on one hand i'm tempted to go with a high excess (£500+) because i want to think that i dont want to crash the car in the year. or a low excess (<£150) - my mate his has paint stripper poured over his bonnet and he had to get that done on the insurance. what you would get? Link to comment Share on other sites More sharing options...
Sponge Posted September 15, 2006 Report Share Posted September 15, 2006 I'd prefer a low excess. But premiums dictate it needs to be high. Link to comment Share on other sites More sharing options...
ashleyadam Posted September 15, 2006 Report Share Posted September 15, 2006 I've always gone with a higher excess only because I've never claimed in almost 17 years of driving, I think you need to look at your own circumstances ie no claims bonus, claim history and also if the extra excess makes a significant difference as it is not always guaranteed too. All I would say is keep away from that company who are getting rid of 4000 uk jobs to create 1500 indian ones. good Luck Link to comment Share on other sites More sharing options...
Atomic Posted September 15, 2006 Report Share Posted September 15, 2006 I think the cutover for the poll is too low... I prefer higher, but my thoughts of low are < £250. Mainly because (touch wood...) I've not had a crash or claim in some 18 years and to go for a high excess is simply flushing cash away on the premium. Link to comment Share on other sites More sharing options...
P_G Posted September 15, 2006 Report Share Posted September 15, 2006 I'm a high excess too, just because of the car. Most things are going to cost serious money to fix so £500 which I have ain't going to make a dent most times and I'd rather be quids in long term with lower insurance premiums. Link to comment Share on other sites More sharing options...
gizze Posted September 15, 2006 Report Share Posted September 15, 2006 High excess for me too, but the poll should be >£250 or <£250. I would only claim if it was going to cost me more than £500, maybe even a little more, so I can't see the point of having an excess that is any lower than this. Protected no claims is also a complete waste of time and I will not bother in future. My policy is nearly 20% higher with protected no claims, if I were to have a claim without having protected on the policy I would loose a years no claims bonus which would only push the policy up by 20% anyway, so I have been paying protected for the last god knows how many years for which amount to the same as me having a claim every other year. I am paying £605 for my 535d remapped, but as from Feb next year I will take off the protected saving me just over £100 and up my excess from £300 to £500, saving me another £60 odd quid. Although I see policies are going up so I will probably be paying the same! Link to comment Share on other sites More sharing options...
skanky Posted September 15, 2006 Author Report Share Posted September 15, 2006 cant edit the poll now, too much time elapsed or something, unless a mod can change it? bizarrely i tried putting a quote together for my dad's car with and without protected ncb and somehow the protected worked out cheaper! Link to comment Share on other sites More sharing options...
shao_khan Posted September 15, 2006 Report Share Posted September 15, 2006 I would prefere low, but always have a high to reduce the premium - doesnt matter too much as I havent claimed for years. Link to comment Share on other sites More sharing options...
NewNiceMrMe Posted September 15, 2006 Report Share Posted September 15, 2006 I've never really given this much thought, mostly on the premise that if the 6 were damaged and the cost of repair was less than £1000 that I'd not be claiming anyway. In reality, it wouldn't take much to put the bill above that and I'd probably not claim for anything less than £1,500. My M3's both had £500 Compulsory excesses plus £250 voluntary excesses. The 6 has a £250 Compulsory plus a £250 voluntary. I guess it depends on the value of the car and the likelihood of the costs of repairs being high for the smallest of incidents. Link to comment Share on other sites More sharing options...
P_G Posted September 15, 2006 Report Share Posted September 15, 2006 Ditto MrMe, a repair would definitely have to be in excess of £1K for me to claim, just because of the rise in premuime you would subsequently get, it just isn't worth it below that. However if I was driving around in a sub £10K valued car I'd reconsider as the premium as a whole would be cheaper linked to the car value therefore a lower excess would be my choice. Link to comment Share on other sites More sharing options...
NeilB Posted September 15, 2006 Report Share Posted September 15, 2006 High for me. Been a young driver and having a nice car, means I have to to get a good deal. Norwich Union wanted a £1000 excess just so I could insure the 156 for £1000! Link to comment Share on other sites More sharing options...
martin275 Posted September 15, 2006 Report Share Posted September 15, 2006 Low for me. I reduced the excess on the 130 from £250 to £150 because it was only going to cost another £15. We've also got protected no claims, which (iirc) only adds about £30-40 to the premium. Total cost? £377, which isn't bad for a 25 grand car with 260 horses! Link to comment Share on other sites More sharing options...
bazza_g Posted September 16, 2006 Report Share Posted September 16, 2006 [ QUOTE ] doesnt matter too much as I havent claimed for years. [/ QUOTE ] touch wood as with most people I've always opted for higher excess to reduce the premiums on the basis I'd only ever claim if it was going to cost me £1k+ or similar Link to comment Share on other sites More sharing options...
ashleyadam Posted September 16, 2006 Report Share Posted September 16, 2006 Same for me as well bazza would only do claim if a crazy amount of money to fix, I am currentley with direct line on 1000 excess can only be done by phone though. Link to comment Share on other sites More sharing options...
Ian_C Posted September 20, 2006 Report Share Posted September 20, 2006 Similar to yourself Ashley - I have a £750 excess. When I took the policy out I knew that if I claimed I'd never be able to get insured on the car again. Lifting it to £750 reduced the premium massively. Spent some of the change on an £80 full disklok. Pikeys don't know it has a Cat1 alarm immobiliser, so I thought it wise to add a visual deterent. Ian Link to comment Share on other sites More sharing options...
pingpongpo Posted September 20, 2006 Report Share Posted September 20, 2006 I have a £60 excess. Managed to get it for the same price as if I had a higher one. Link to comment Share on other sites More sharing options...
Ian_C Posted September 20, 2006 Report Share Posted September 20, 2006 £60 excess for glass maybe, but not for bodywork, theft or total loss surely? Ian Link to comment Share on other sites More sharing options...
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