Insurance Question

[JimB]

One possible reason is that they are pricing themselves out of the market' because they have (one reason) insufficient data to properly assess the risk, but being of sound mind figure that if someone is daft enough to want to pay that they'll take it while they sort themselves out.

There seems to be plenty of people finding reasonable quotes for the car though.

Otherwise, if every insurer was quoting £1700 against the same facts you might wonder if they all figured that if you dinged one it might be unrepairable or you wouldn't see replacement parts before Christmas, 2023, or something.

Btw, individual insurers don't make individual decisions about individual cars' groups for rating purposes - that's done by a central industry organisation although individual insurers will make their own underwriting decisions based on individual submissions.

In my day actual people were involved but computer algorithms rule these days and in the event of even a minor typo in your submission the outcome can be alarmingly different.

Keep looking.

 

[Alb]

The same applies to just about any car.
When you go to a comparison website you'll typically find everything from super cheap to ridiculously expensive (plus those that refuse to quote at all).

 

[WonkoTheSaneUK]

LV still have no listing for the MG4, and don't recognize a reg number from a photo on the "Dealers with allocations" thread.

 

[JimB]

LV still have no listing for the MG4, and don't recognize a reg number from a photo on the "Dealers with allocations" thread.

The dealer may have the reg details and put plates on but not completed the paperwork with the DVLA so it won't be available on the DVLA system.
Dealers commonly chuck a set of trade plates in the windows for test drives.

 

[siteguru]

Direct Line don't list the MG4 yet either. (Neither does Churchill, but they're just DL under a different name anyway).

 

[WonkoTheSaneUK]

The dealer may have the reg details and put plates on but not completed the paperwork with the DVLA so it won't be available on the DVLA system.
Dealers commonly chuck a set of trade plates in the windows for test drives.

They don't recognize the plates from one of the launch demo cars (Top Gear's) either

 

[JimB]

What a pity, never mind. ??

 

[Lespresso]

LV still have no listing for the MG4, and don't recognize a reg number from a photo on the "Dealers with allocations" thread.

I eventually went with Admiral, all the MG4 models are listed under MG Motors UK, I had no problems and the quote was reasonable, a bit highly than my MG5 but that expected.

 

[Whiskey Foxtrot]

They don't recognize the plates from one of the launch demo cars (Top Gear's) either

It'll be the DVLA's fault... 12 weeks to get anything done etc

 

[SueH]

It may be because your licence was issued by another country? Mine is from the UK but when I moved back from abroad to living here my insurance was expensive and has since settled down.

 

[Kamil]

If you refer to my quotes Sue, I pass driving licence in UK never had anything else. My insurance is pretty cheap currently paying £180 for ice car and also I checked electric Megane where quote was £450 looks like compare the market have problem for me to own MG4 ?

 

[Gomev]

Just for a laugh I went to the MG insurance and filled in all my details and got this quote. Even MG Insurance can't quote a price

 

[JimB]

Just for a laugh I went to the MG insurance and filled in all my details and got this quote. Even MG Insurance can't quote a price

View attachment 11119

MG insurance, like most if not all of these branded deals are operated by independant insurance brokers or Lloyds syndicates and are in no better position than anyone else in the market.

MG UK will have nothing to do with the operation other than having licensed the deal and possibly getting an income stream from it.

 

[Gomev]

MG insurance, like most if not all of these branded deals are operated by independant insurance brokers or Lloyds syndicates and are in no better position than anyone else in the market.

MG UK will have nothing to do with the operation other than having licensed the deal and possibly getting an income stream from it.

Very true, but I still find it amusing.

 

[vini]

at least having been told I won't get one until January might make it easier to get insurance at that time.

I sold my car a couple of weeks ago, does anyone know if there is any issue created by me having a gap of approx 4 months between having car insurance? how it affects NCB for example?

 

[JimB]

at least having been told I won't get one until January might make it easier to get insurance at that time.

I sold my car a couple of weeks ago, does anyone know if there is any issue created by me having a gap of approx 4 months between having car insurance? how it affects NCB for example?

Did you cancel your insurance or tell them car sold and suspend cover until you get a new one?

The latter is easier in some respects in that usually if cover has been in force more than 6 months within the insurance year your ncb will continue to accumulate, if you're not already on max and when you get your new car you can ask them to quote to reinstate the policy and if that is acceptable just continue with the same policy.

If you cancelled try to get 'proof of ncb' from your old insurer, although for many years insurers have shared access to that sort of information and your new insurer should be able to confirm your entitlement electronically.

Unless you're uninsured for rather more than a year (I can't remember how long) you're very unlikely to have any problem and at least you're not waiting for a ZS ?.

Anyway, 4 months isn't going to give you a problem.

 

[vini]

Did you cancel your insurance or tell them car sold and suspend cover until you get a new one?

The latter is easier in some respects in that usually if cover has been in force more than 6 months within the insurance year your ncb will continue to accumulate, if you're not already on max and when you get your new car you can ask them to quote to reinstate the policy and if that is acceptable just continue with the same policy.

If you cancelled try to get 'proof of ncb' from your old insurer, although for many years insurers have shared access to that sort of information and your new insurer should be able to confirm your entitlement electronically.

Unless you're uninsured for rather more than a year (I can't remember how long) you're very unlikely to have any problem and at least you're not waiting for a ZS ?.

Anyway, 4 months isn't going to give you a problem.

many thanks for the reply its much appreciated

I didn't know at the time how long I might be waiting (maybe I did but was subconsciously ignoring it) for the new car, so I explained to the insurance company that I had sold my car and had ordered a new one, and it was them that suggested cancelling rather than suspending. The email confirming cancellation also confirmed proof of NCB (allegedly).

and as you say, at least I'm not waiting for a ZS

 

[scoobeesnac]

many thanks for the reply its much appreciated

I didn't know at the time how long I might be waiting (maybe I did but was subconsciously ignoring it) for the new car, so I explained to the insurance company that I had sold my car and had ordered a new one, and it was them that suggested cancelling rather than suspending. The email confirming cancellation also confirmed proof of NCB (allegedly).

and as you say, at least I'm not waiting for a ZS

Admiral only do cancellations but if you restart a new policy in 90days they waive the cancellation fee and continue the year IIRC.

 

[vini]

Admiral only do cancellations but if you restart a new policy in 90days they waive the cancellation fee and continue the year IIRC.

somehow I think 90 days will be way too optimistic ? but thanks for the info

 

[JimB]

many thanks for the reply its much appreciated

I didn't know at the time how long I might be waiting (maybe I did but was subconsciously ignoring it) for the new car, so I explained to the insurance company that I had sold my car and had ordered a new one, and it was them that suggested cancelling rather than suspending. The email confirming cancellation also confirmed proof of NCB (allegedly).

and as you say, at least I'm not waiting for a ZS

When you get the new car and get back to the insurance don't be surprised to be asked what has happened in the intervening period.

It is not unknown for people to have subsequently taken insurance and had a serious accident but some time later gone to a different insurer to insure another car and claim to have been taking some sort of motoring moratorium in the meantime.

Electronic cross checking ( under the auspices of the Motor Insurers Bureau) now makes that much easier to detect but you may still be asked.