CLIOpatra, L22EE W™
Morning all,
My awaited renawal quote has thru come thru in the post. Not very impressed either. I thought that your insurance is meant to get cheaper each year? Plus I turnt 24 in November 2006, so nearly approaching 25. Anyhow this is my insurance costs from May 2006 - May 2007
Premium = £560.07
IPT Amount** = £30.48
Credit Amount = £590.55
Total Interest* = £50.37
Total Amount = £640.92
* APR is 21.5%
** Insurance Premium Tax is levied by H.M Government
Instalments
First = £106.82 (19.05.06)
Next & subsequent = £53.41 (01.08.06)
---------------------------------------------
Renewal Quote:
Premium = £628.06
IPT Amount** = £34.20
Credit Amount = £662.26
Total Interest* = £56.54
Total Amount = £718.80
* APR is 21.1%
** Insurance Premium Tax is levied by H.M Government
Instalments
First = £59.90 (19.06.07)
Next & subsequent = £59.90 (01.07.06)
---------------------------------------------
So all in all, it's an increase of £77.88 in the premium, or £6.49 per month. This will be by 2nd year of no claims, so any idea why it has gone up in price, rather than down?!
My awaited renawal quote has thru come thru in the post. Not very impressed either. I thought that your insurance is meant to get cheaper each year? Plus I turnt 24 in November 2006, so nearly approaching 25. Anyhow this is my insurance costs from May 2006 - May 2007
Premium = £560.07
IPT Amount** = £30.48
Credit Amount = £590.55
Total Interest* = £50.37
Total Amount = £640.92
* APR is 21.5%
** Insurance Premium Tax is levied by H.M Government
Instalments
First = £106.82 (19.05.06)
Next & subsequent = £53.41 (01.08.06)
---------------------------------------------
Renewal Quote:
Premium = £628.06
IPT Amount** = £34.20
Credit Amount = £662.26
Total Interest* = £56.54
Total Amount = £718.80
* APR is 21.1%
** Insurance Premium Tax is levied by H.M Government
Instalments
First = £59.90 (19.06.07)
Next & subsequent = £59.90 (01.07.06)
---------------------------------------------
So all in all, it's an increase of £77.88 in the premium, or £6.49 per month. This will be by 2nd year of no claims, so any idea why it has gone up in price, rather than down?!