Insurance

[HenryM3]

Not having a good day. One month ago the M3 insurance was due and as I needed to insure the VW as well so I could get an MOT and a long drive after doing some work on it. I came to an arrangement with an insurance company to insure the VW for a month and then transfer the policy to the M3 with an additional £40 to pay on the transfer. I bet you know the rest of the story. They can do the transfer no problem, but it’s jumped to £143 which makes the M3 insurance very expensive but as I’d get very little back on the VW if I cancelled I’m over a barrel really. After much complaining they are going to listen to the recording of the original policy sale and I am quite happy for this to happen. They will call me tomorrow or early next week.
This is a post I put on another forum last Friday

[HenryM3]

Today I phoned them back (1 week) it took 59 minutes to be answered, it appears that if I cancel after 1 month on a £248 pa policy I will get £59 back. Alan, you may have hit the nail on the head, so far the recording hasn’t popped up but they are still looking and apparently it can take 2 weeks. I payed the extra £140 for the m3 which means it will have cost me £100 more than I would normally pay. I would loose more if I cancelled and bought new. I feel like I have been bent over and properly, well, I’ll leave it to your imagination. Lancaster have had the last of my money.

[coopman]

Are these per annum prices? Sounds very cheap. The last car I had in the UK was an Astra - I was quoted three grand to insure that.

[HenryM3]

Well, you got to bear in mind that I’m an old man so atm cheaper to insure. The £248 was for a VW R32, I normally pay just under £300 for the M3 That is all mods declared including the 3.2ltr engine. £345 for a 4.6 X5 and £145 for a B3 Alpina (1999) The VW will be gone as soon as the g/b is back in.