Passed my test!

Phoebs · 20 Mar 2008 at 17:37

so i passed my test this morning, first time, 4 minors and im chuffed to say the least!

but that was ruined by Quinn Direct who have told me that my premium goes up as i am now a risk to myself! fair enough, i understand that there was gonna be an increase! then he tells me how much its gonna cost me! an extra £800. Daylight robbery.

ive just done some quotes for myself and come back with a quote for £1065!! where as quinn are quoting me....wait for it.... £2215!!! ON A 1.3L FORD KA!!!!

SO! now i need to cancel my current policy but not sure how i should go about it! and even if i can present them with numerous quotes for less than half they offer and see what they can offer me!

I know i have to give some notice for cancellation, and im paying monthly, so i dont know how that works out! im just so angry by that shocking qoute!!

any help is appreciated guys....did i mention i passed my test this morning!?

Jez · 20 Mar 2008 at 17:39

1) Well done, drive safely.

2) Phone up quinn and tell them to **** off at that money, thats rediculous! They will work out a daily rate and may charge an early cancellation fee, but it wont be much.

3) Insure vehicle and pay in one go, paying monthly for insurance is for retarded people. The rates are more of a robbery than the insurance itself.

InvaderGIR · 20 Mar 2008 at 17:41

Phone your insurers and tell them about the other quote, and say you'll leave them if they can't match it.

If they won't match, tell them you want to cancel. They'll ask when you want it to be stopped and you'll have to pay a cancellation fee (normally £50).

InvG

InvaderGIR · 20 Mar 2008 at 17:42

Jez said:
3) Insure vehicle and pay in one go, paying monthly for insurance is for retarded people. The rates are more of a robbery than the insurance itself.

Not really. I can't afford to pay £1500 up front, but can afford it over time...if I could pay up front I would mind.

Oh and yeh, well done on passing.

InvG

Jez · 20 Mar 2008 at 17:43

InvaderGIR said:
Not really. I can't afford to pay £1500 up front, but can afford it over time...if I could pay up front I would mind.

Why have you not bought it on a 0% credit card, or even worst case scenario a 7% bank loan? The loan your insurance company have given you is probably at around 20% or something obsurd.

Ben M · 20 Mar 2008 at 17:44

Quinn did the same to be ****ers

congrats on passing your test.

InvaderGIR · 20 Mar 2008 at 17:51

Jez said:
Why have you not bought it on a 0% credit card, or even worst case scenario a 7% bank loan? The loan your insurance company have given you is probably at around 20% or something obsurd.

Not actually running a car at the moment.

But I have enough debt being a student as it is without having a credit card, as having one would make me want to use the money I don't have on that as well as my overdrafts, so I'd rather pay the little extra to save time, effort and my chances of becoming screwed with debt.

InvG

Jez · 20 Mar 2008 at 17:54

So you are paying extra every month due to being bad at managing money.

See - retard tax

(i mean retard in a light heared way obviously

)

Phoebs · 20 Mar 2008 at 17:55

thanks guys! yeh just been reading up! i have to stick with them for the next month as the payment goes out 2moro but i shall ring them and cancel after that! jokers! i thought summit was too good to be true! lol

website says they charge 35pound plus a rate for the length of the policy, which is only 5 months so shouldnt be too bad! looks like its gonna be an expensive time! tax is due next month too!

InvaderGIR · 20 Mar 2008 at 17:58

Jez said:
So you are paying extra every month due to being bad at managing money.

See - retard tax (i mean retard in a light heared way obviously )

Getting £2k every 3 months from the government (student loans and grants totalled up) means £1500 insurance (damn stupid accidents

) would leave me with £500 for all my household bills...and food, and then there is fuel....hmmm

Anyway, my finances are waaaaaay off topic.

Oh, OP...I hope by your name you are female...men plus Ford Kas = bad.

InvG

Jez · 20 Mar 2008 at 17:59

Phoebs said:
thanks guys! yeh just been reading up! i have to stick with them for the next month as the payment goes out 2moro but i shall ring them and cancel after that! jokers! i thought summit was too good to be true! lol

website says they charge 35pound plus a rate for the length of the policy, which is only 5 months so shouldnt be too bad! looks like its gonna be an expensive time! tax is due next month too!

Being a woman, have you tried Diamond insurance? www.diamond.co.uk

They are amazing for my girlfriend, she pays less than a grand (she is 23) for comp on a £40,000 Porsche with them, no no claims bonus either

GT3 · 20 Mar 2008 at 18:00

I'm with quinn direct and pay monthly. For the sake of the 29 quid (just looked on my policy) it costs extra for the whole year is it really worth paying the whole lot up front and risk not getting it back if you wish to cancel. Let alone buggering around with loans and credit cards.

InvaderGIR · 20 Mar 2008 at 18:00

Jez said:
Being a woman, have you tried Diamond insurance? www.diamond.co.uk

They are amazing for my girlfriend, she pays less than a grand for comp on a £40,000 Porsche with them, no no claims bonus either

I want to be female.

InvG

Phoebs · 20 Mar 2008 at 18:02

Jez said:
Being a woman, have you tried Diamond insurance? www.diamond.co.uk

They are amazing for my girlfriend, she pays less than a grand (she is 23) for comp on a £40,000 Porsche with them, no no claims bonus either

as far as i know you have to be 21 to get insured with them. im 6 months away from that! maybe next time

edit: oh wait, they quoted me £1333

Jez · 20 Mar 2008 at 18:05

Phoebs said:
as far as i know you have to be 21 to get insured with them. im 6 months away from that! maybe next time

edit: oh wait, they quoted me £1333

Oh well, worth a go. Seems strangely expensive but i guess they dont like really young people

TaKeN · 20 Mar 2008 at 18:06

Well done

Justintime · 20 Mar 2008 at 18:09

Nice, where do u live so i can keep out of the area?

Congrats

ZG002 · 20 Mar 2008 at 18:17

Well done on passing your test. Gave me a buzz for at least a month lol. Try liverpool victora http://www.lv.com/ They were stupidly cheap for my sister and it was recommended to her from a couple other girls

K.C. Leblanc · 20 Mar 2008 at 18:23

InvaderGIR said:
Not actually running a car at the moment.

But I have enough debt being a student as it is without having a credit card, as having one would make me want to use the money I don't have on that as well as my overdrafts, so I'd rather pay the little extra to save time, effort and my chances of becoming screwed with debt.

InvG

Once you've used it to buy your insurance destroy the card or freeze it into a block of ice. And then just keep paying the bills for 12 months when you can then cancel it.

You'll be borrowing the same amount of money whatever.

GT3 · 20 Mar 2008 at 18:26

But once you've paid your insurance company the full amount, if you decide half way through the policy to change company or god forbid write off your car. Getting any money back off them will be a mission. Paying monthly just means you lose your deposit which is usually 2 months.