[jimpom23]

Got my letter through today and my policy price has gone up from 470 odd to 537 for comprehensive with no excess...

I always paid yearly as I was under 60k miles - I'm currently only on 48k and did less than 5k in last 12 months with zero visits to the dealer so bit perplexed at the rise.

I'll end up going with it again but wondered if I should now pay monthly (50/month!) to avoid a similar shock but that adds even more! Anyone ever managed to knock a few quid off with a call or should I just suck it up?

[Ibz82]

What company was that with?
Mondial?

[Mani59]

If this is the BMW Insured warranty, then no, they will not reduce the price.

It's always best to pay monthly, because you are then "locked" in the monthly price so therefore, will not experience any price increases, (even when you go over 60k, where the annual price normally doubles).

[jimpom23]

Hi Raj, that was the plan for when I got close to 60k but the common consensus at the time was pay yearly until that point which it would appear was not wise!

[Ibz82]

By the way if u pay yearly and sell the car half way through you cannot get a refund.

[blues n twos]

Took mine out last month on a monthly payment option.

£100 excess and £42 a month fully comp with breakdown. I was on 58k on renewal so now have a fixed monthly payment for as long as I keep the car.

A good deal I think

Jon

[jimpom23]

The £100 excess deal wasn't too bad - £32 a month I think and based on the number of visits I have made in 2 years - one - it remains an option

[C.J]

If you can, change to monthly. As already mentioned the price won't increase.

[jimpom23]

Originally Posted by C.J

If you can, change to monthly. As already mentioned the price won't increase.

At the moment I plan to keep as yearly - this is my logic...

Yearly cost is £537 a £60/70 increase on last year or £50/month (£600/yr) and I will not break 60k miles

I don't believe there are many rises year on year so will chance it not rising again come next renewal and if it does, I imagine it will be by a similar amount so won't be any worse off than I would have been paying monthly...

That's the thinking anyway and I reserve the right to change my mind the other way 42 times before the actual renewal in July

[Dan-]

i made the mistake not knowing it doesnt automatially renew went in for the vacuum leak issue and was told its ran out, then looked online and it was £140 more than the year before when i only covered 5k miles bringing it up to 50k decided sod it and get my remap instead

[bungleaio]

Originally Posted by Ibz82

By the way if u pay yearly and sell the car half way through you cannot get a refund.

You can provided you haven't had a warranty claim.

[Ibz82]

Originally Posted by bungleaio

You can provided you haven't had a warranty claim.

Cool interesting to know, I thought otherwise due to a previous thread on the forum.

[jimpom23]

Originally Posted by Dan-

i made the mistake not knowing it doesnt automatially renew went in for the vacuum leak issue and was told its ran out, then looked online and it was £140 more than the year before when i only covered 5k miles bringing it up to 50k decided sod it and get my remap instead

In which case, going monthly might be a good idea

[Dan-]

Originally Posted by jimpom23

In which case, going monthly might be a good idea

once mapped your limited to what you can claim against though i think?

[jimpom23]

Originally Posted by Dan-

once mapped your limited to what you can claim against though i think?

I'm not mapped and other lad who said his lapsed got a map because he no longer had it....