- Joined
- Jan 21, 2005
- Messages
- 27,433
- Location
- Mittel England
- Car
- Smart ForFour AMG Black Series Night Edition Premium Plus 125 Powered by Brabus
Every year I take out my insurance with Directline as I find them cheapest for both cars and the house. Rather than accept the renewal though go online and get a fresh quote as if I were a new customer, and each time I save enough to make it worth my while.
That's what I did last month when the house insurance came up for renewal and it saved a fair chunk (I forget how much). When I called to cancel the auto renewal the lad I spoke to said next time give them a call as they could adjust my renewal.
So I've just got online quotes for both cars expecting to get cheaper quotes than the renewal and so I could follow his advice and call. I got a shock:
ML270 CDi - Comprehensive with protected NCB
Renewal: £299.25 with option of 0% APR if I want to pay monthly.
Online: £318.15 with interest at 23.9% if I want to pay monthly.
C32 AMG - Comprehensive with protected NCB
Renewal: £374.85 with option of 0% APR if I want to pay monthly.
Online: £394.80 with interest at 23.9% if I want to pay monthly.
In both cases the renewal is £20 cheaper, and I have the option to pay monthly without interest!!
I don't like paying interest and so would normally pay up front, but at 0% I'd be daft not to take it as that money could work harder for me elsewhere.
Anyone else found similar?
That's what I did last month when the house insurance came up for renewal and it saved a fair chunk (I forget how much). When I called to cancel the auto renewal the lad I spoke to said next time give them a call as they could adjust my renewal.
So I've just got online quotes for both cars expecting to get cheaper quotes than the renewal and so I could follow his advice and call. I got a shock:
ML270 CDi - Comprehensive with protected NCB
Renewal: £299.25 with option of 0% APR if I want to pay monthly.
Online: £318.15 with interest at 23.9% if I want to pay monthly.
C32 AMG - Comprehensive with protected NCB
Renewal: £374.85 with option of 0% APR if I want to pay monthly.
Online: £394.80 with interest at 23.9% if I want to pay monthly.
In both cases the renewal is £20 cheaper, and I have the option to pay monthly without interest!!
I don't like paying interest and so would normally pay up front, but at 0% I'd be daft not to take it as that money could work harder for me elsewhere.
Anyone else found similar?