Best way to get new insurance?

mathie

Right so I passed my test yesterday! Hurrah.
Now I was with Quinn Direct for 1 1/2 years.
Insurance this year is roughly 1000.
Im 30.
So I ring up Quinn Direct and say I passed my test.
My insurance is up in March 2007 so they say I get 120 euro back within the next 10 days.

Happy days.

Now I checked online for a quote with my current details and it comes up as 569.

So should I just cancel my current contract with them and sign up to a new quote?

Will I get anything back if I cancel the current contract?
(Given that Im already getting the 120 euro anyway)

Thanks!
M

Anan1

Is the €569 quote with 1 or 2 years NCB? Assuming your insurance is due for renewal at the start of March 2007 they are refunding you €120 for 4 months, which is €360pa. You are therefore paying €640pa for the next 4 months, as opposed to €569 if you cancel & take out new insurance. On the other hand, you lose your 8 months NCB from this year. On balance, I'd stay with Quinn till renewal and shop around then.

CPG

Call back, and get a quote as a "New customer", its usually cheaper than a renewal.

NeiloMac

Well I just passed my test as well, Im 25,

Rang them(quinn-direct) and they told me nothing would come off it, I just renewed it there september, Should i cancel and get a new quote off another company,

Did an on-line quote thing and it came up 200 cheaper, I am paying monthly can i just cancel it, or do i have to stick it for the year,

KTRIC

CPG wrote:

Call back, and get a quote as a "New customer", its usually cheaper than a renewal.

Why is that ?

Why would a renewal be more than a new customer ??

Stark

If it's renewal time, then you can just cancel your current policy and get a new quote.

KTRIC wrote:

Why is that ?

Why would a renewal be more than a new customer ??

I think it's because they just factor in NCB in the renewal quote, they don't factor in that you're a year older and whatever. I reckon they also probably figure that a lot of people will just accept their renewal quote and won't bother to shop around.

Anan1

KTRIC wrote:

Why is that ?

Why would a renewal be more than a new customer ??

Many insurance companies give extra discounts to new customers. This is why it makes sense to shop around every year at renewal time.

mathie

So if I cancel with 4 and 1/2 months left on my policy will I get a refund?

Thanks!

Stark

Yes.

Though there's an "administration fee" for cancelling. Some companies charge you a reasonable fee, €50 or whatever, others charge you a scandalous fee.

Ring the number on Quinn Direct's website. They'll answer any queries you have.

mick4_2000

Lads ring Quinn Direct and tell them that you got a quote from their website thats cheaper give them the quote number and they will match it. Worked for me early this year.;)