insurance

[makeitfit]

Briggie, why dont you spend 10 mins on Confused . com and Compare the Meercat . com and see what you get. Then let us know.
I've got all my mods etc agreed with Adrian Flux, I've got several points:augie and wrote off me truck last year:sly Still much less than half what she's been quoted:doh
Rear tints are a "Security" measure :naughty

 

[briggie]

Briggie, why dont you spend 10 mins on Confused . com and Compare the Meercat . com and see what you get. Then let us know.
I've got all my mods etc agreed with Adrian Flux, I've got several points:augie and wrote off me truck last year:sly Still much less than half what she's been quoted:doh
Rear tints are a "Security" measure :naughty

shes been on go compare .... and cheapest quote is £760..... most expensive quote is almost £1500

 

[briggie]

part of the problem is that the insurance company have not been able to trace the address of the driver who ran into her ...... despite him giving her details ( his mobile number ) at the accident scene ........ he said he wasnt in the country at the time and can prove it ....... doesnt make sense to me , but hey ho thats insurance for you

they tracked the address that the mobile was registered too , and " his brother " :augie answered the door and said he doesnt know where he lives

 

[tezzer]

i had the same problem with my discovery, my wife had a no fault claim and insurance went from £280 to £370, and i also added my son (32yrs) to policy, up again to £450. someone told me about " Graham Sykes " everything declared with son, £228 full comp, protected and they don't need your ncb, although they do hold it for you so you dont lose it.

http://www.graham-sykes.co.uk

worth a try, :thumb2

 

[briggie]

i had the same problem with my discovery, my wife had a no fault claim and insurance went from £280 to £370, and i also added my son (32yrs) to policy, up again to £450. someone told me about " Graham Sykes " everything declared with son, £228 full comp, protected and they don't need your ncb, although they do hold it for you so you dont lose it.

http://www.graham-sykes.co.uk

worth a try, :thumb2

cheers mate will give them a ring tomorrow

 

[tezzer]

cheers mate will give them a ring tomorrow

i think you can get a quote on line, any way good luck, they worked for me mate, :thumb2

 

[lacroupade]

shes been on go compare .... and cheapest quote is £760..... most expensive quote is almost £1500

Well on the upside thats 25% off already.

On the downside, sounds like it will never be a 'no-fault' claim given the circumstances....not clear-cut enough for the insurer to make a judgement.

Are you using lowest likely annual mileage and higher excess....and I am assuming its 3rd party? I mean whats the point of fully comp on a vehicle that costs £1000-1500?

Just got to keep looking but there are plenty more places.

 

[briggie]

Well on the upside thats 25% off already.

On the downside, sounds like it will never be a 'no-fault' claim given the circumstances....not clear-cut enough for the insurer to make a judgement.

Are you using lowest likely annual mileage and higher excess....and I am assuming its 3rd party? I mean whats the point of fully comp on a vehicle that costs £1000-1500?

Just got to keep looking but there are plenty more places.

unfortunately , sheilas employer insist on fully comp insurance with class 1 business use on any vehicle she uses for her job

and no they dont contribute towards the expense of it , but she does get a fuel allowance of 38p a mile :augie:lol

 

[Deleted account DD]

fully comp insurance with class 1 business use on any vehicle she uses for her job

Well the answer is right there. Fully comp claimants and class 1 business are two of the higher risk and higher payout ratio brackets for insurers.

As everyones premium go up the higher risk/higher payout combinations will take a harder hit.

As you are transporting goods (not just samples) yours will be higher.

and no they dont contribute towards the expense of it , but she does get a fuel allowance of 38p a mile :augie:lol

I think youll find they are contributing. Our mileage allowance changed recently and tax kicked in (what a surprise :doh ) so we did a bit of complaining and research.

That 38p is calculated on the basis that it costs x pence per mile for fuel, other consumables, general wear and tear and maintenance and extra insurance to pay for what you wouldnt normally bother having . In this example business use, it only covers the costs in excess of what you would normally pay out to run the car for your personal use.

Where you will further dip out (and i do at work) is it is made on the basis you would be running a car that returns average fuel consumption , average priced tyres etc etc and in tis case fully comp ins as thats what they tell us the majority of vehicles on the road are covered by.

The reason its kept down to 38p would i guess be because over a certain figure ( I think if i recall just over the 50p mark) you get taxed on it. Ridiculous of course because all the tax has already been paid once on the fuel and parts :doh:doh:doh But thats the way it is.

So to to effectively give you a little more in your pocket your missus employer would have to pay out a lot more which I presume would be unsustainable.

Thats why its so important to work out the full running costs of any vehicle you buy before you commit if budgets are strained :thumb2

 

[paulp]

hi I was with sureterm but with no changes my insurance went from £328 to £660 on renewal last week and the rason they gave was they nolonger deal with equity red star.

the best i found was Adrian flux £440 inc fully compdriving other vehicles

My partner went through DIAMOND and she was put through to them or the number on my insurance cert is 0844 8885544

you can pay in full - 2/ 3/ 4/ 10 months.

NFU would not quote as i did not have a garage.
AViva wanted £500 but wanted the whole amoiunt in one go

paulp

 

[eezelife]

Hi guys. I just got my first Mistral and was shocked by the insurance. I am 48 with 19 years no claims bonus. My old cover for a saab 900 2.0 was £195 fully comp. My new cover for the Mistral is £640 !!! It seems if I had a Terrano II it would be £303 for the same year (94) work it out???

 

[Deleted account DD]

Hi guys. I just got my first Mistral and was shocked by the insurance. I am 48 with 19 years no claims bonus. My old cover for a saab 900 2.0 was £195 fully comp. My new cover for the Mistral is £640 !!! It seems if I had a Terrano II it would be £303 for the same year (94) work it out???

welcome :thumb2

Thats shocking. Is there a message of sorts in there for Briggie and his fleet rates?????

 

[lacroupade]

unfortunately , sheilas employer insist on fully comp insurance with class 1 business use on any vehicle she uses for her job

and no they dont contribute towards the expense of it , but she does get a fuel allowance of 38p a mile :augie:lol

Thats a rip off.

The max that HMRC allows is 40p a mile.

Fuel costs run out at around 25p/mile at the moment, leaving 13p a mile for you on that rate of 38p.

The rest of the calculation is a bit compex but goes roughly like this:

1. Take the approximate cost of normal (non-business) insurance, then pro-rata it for business versus private. e.g. insurance = £360p.a. and you do 4000 business and 6000 private then 40% of the insurance is attributable to business. In this case £144.

2. Take the whole of any uplift attributable to Class I business use....so say normal insurance is £360, and Class I is £660, then £300 is for business use.

3. Apply the same pro-rata in Point 1 to your VED (say £210 x 40% = £84)

4. Add the three together and divide by business mileage....in this case £144 + £300 + £84 = £528/4000 = 13.2p a mile.

So your mileage payment is swallowed already, and we haven't even got to tyres, exhaust, battery and servicing costs.....

So if they want business class insurance they should be paying for it.

 

[Deleted account DD]

The max that HMRC allows is 40p a mile.

Hmrc allow for what ?

As far as the rest of the maths goes im not sure where youve got it from but it definitely isnt the applied norm across the public sector, payments made bear that out !!!!!! :thumb2

38p per mile for a pmv used on selected bussiness is a very fair amount in this day and age, trust me on that one. Iwas talking to a colleague from the local authority this afternoon after regarding a directive that our mileage allowances should be reduced to their level in the new round of Tom Winsor publications.

I can assure you he would kill to get that much and bo he does not get an essential users fixed sum

 

[(RIP) PLANK]

as a local government officer, i was getting 53p a mile back in 2000

 

[Deleted account DD]

as a local government officer, i was getting 53p a mile back in 2000

Not far off 2/3 of that now for our local lads and lasses

Good times long gone, its not private sector you know :augie:augie

I think the tax threhold must have changed lately if Paul is right because I was getting over 40p tax free until recently.

 

[lacroupade]

Hmrc allow for what ?

As far as the rest of the maths goes im not sure where youve got it from but it definitely isnt the applied norm across the public sector, payments made bear that out !!!!!! :thumb2

38p per mile for a pmv used on selected bussiness is a very fair amount in this day and age, trust me on that one. Iwas talking to a colleague from the local authority this afternoon after regarding a directive that our mileage allowances should be reduced to their level in the new round of Tom Winsor publications.

I can assure you he would kill to get that much and bo he does not get an essential users fixed sum

Its the maximum they allow an employer to pay you without starting to whack you for tax. Trust me I'm an absolute expert in this field mate and my sums are spot on!

That sort of rate is the norm in most NORMAL places ONLY for someone who is doing very low business mileage..anything more than that and you'd be expecting car allowance as well - or a hire car (see below).

You only have to go to the back pages of WhatCar and see what the running costs per mile are for any modern vehicle....if you are being paid any less then you're out of pocket and have to be an idiot to boot. When I was doing my MoD Logistics thing most of the support guys there were on image terms from having been TUPE'd in and were entitled to require a hire car if we wanted to send them more than a few miles, i.e. thats how the MoD still works.

I mean just look here for the PPM for a Jeep 3.0 CRD....

 

[Deleted account DD]

Its the maximum they allow an employer to pay you without starting to whack you for tax. Trust me I'm an absolute expert in this field mate and my sums are spot on!

no prob :thumb2 but until quite recently i was getting over 50p pm and NOT being taxed on it. As part of pay and conditions it went up and suddenly we all started paying extra tax.

That sort of rate is the norm in most NORMAL places ONLY for someone who is doing very low business mileage

Ill have to disagree on that one. Altogether in the Local Authority side of our place there 9 of them and they all do a significant mileage , theyve had their essential user allowance taken off them but are still required to keep a car running for work! They get less than Briggie.

They are not alone either. Those terms and conditions are reflected across the country , theyve checked!

The Winsor report recommends our allowances are aligned to theirs. I cannot and will not be made to have a car on the road for work at those lower rates.

The hire car comes in for them (and us) for single trips where the return journey is 100 miles or over.

Thats based on the old mileage rates and the 100 miles is the cut off point where the hire car is cheaper and more economical TO THE JOB :doh

Whatever the guidance , figures and hypothetical t&c's are out there the take it or leave it if you want to work for us attitude overules them all..

 

[lacroupade]

no prob :thumb2 but until quite recently i was getting over 50p pm and NOT being taxed on it. As part of pay and conditions it went up and suddenly we all started paying extra tax.



Ill have to disagree on that one. Altogether in the Local Authority side of our place there 9 of them and they all do a significant mileage , theyve had their essential user allowance taken off them but are still required to keep a car running for work! They get less than Briggie.

They are not alone either. Those terms and conditions are reflected across the country , theyve checked!

The Winsor report recommends our allowances are aligned to theirs. I cannot and will not be made to have a car on the road for work at those lower rates.

The hire car comes in for them (and us) for single trips where the return journey is 100 miles or over.

Thats based on the old mileage rates and the 100 miles is the cut off point where the hire car is cheaper and more economical TO THE JOB :doh

Whatever the guidance , figures and hypothetical t&c's are out there the take it or leave it if you want to work for us attitude overules them all..

Then providing your employer doesn't do a Form P11D and you don't have to do a tax return, for gods sake don't tell the revenue.....because these are the rates, period, and you were getting 10p a mile of taxable benefit. It even shows you how to work the tax out non any excess

And like I say, whatever rate anyone is getting, if its less than their running costs and certainly less than the revenue maximum of 40p then you don't bother do you. Nobody can make you do private mileage and it doesn't make you unemployable. If its just a few odd miles then its no biggie, but for regular users, or in Sheilas case where she's burdened with the extra cost of business insurance, its not financially sound.

And this statement doesn't add up Dave - its completely contradictory:

"theyve had their essential user allowance taken off them but are still required to keep a car running for work"

Any half decent employment lawyer would wipe the floor with the employer if that was true...I suspect its been added to their salary because they can't be 'required' to make their private vehicle available for work.

 

[briggie]

i had the same problem with my discovery, my wife had a no fault claim and insurance went from £280 to £370, and i also added my son (32yrs) to policy, up again to £450. someone told me about " Graham Sykes " everything declared with son, £228 full comp, protected and they don't need your ncb, although they do hold it for you so you dont lose it.

http://www.graham-sykes.co.uk

worth a try, :thumb2

they quoted £1700