First Direct guarantee to beat your existing car insurance renewal by at least 10% - HotUKDeals
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First Direct guarantee to beat your existing car insurance renewal by at least 10%

£0.00 @ First Direct
Thought this might be a useful tip to those around car insurance renewal time. I recently got my car insurance renewal from Tesco Value car insurance which was £500. However the cheapest quote I go… Read More
flyingflea Avatar
8y, 6d agoFound 8 years, 6 days ago
Thought this might be a useful tip to those around car insurance renewal time.

I recently got my car insurance renewal from Tesco Value car insurance which was £500. However the cheapest quote I got was from Direct Line which was £440 so I phoned Tesco up and asked if they would beat it and they said they would and brought my renewal down to £433. Then I got First Direct to beat that by a further 10% meaning my car insurance is now £390 with First Direct which is not only cheaper, but also much more comprehensive than Tesco Value car insurance.

Insurance premium must be at least £200 for comprehensive cover and £120 for third party. Drivers must be aged 21-79.

For more information, visit http://www.firstdirect.com/insurance/car.shtml or call 0800 032 9401
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Comments/page:
#1
Good find
banned#2
Thanks, mines up for renewal so will bare this in mind.
#3
Damn, renewed mine last month. Hot.
#4
In a year's time beware that Equity (who run it for FD) do NOT give you proof of NCD with a the renewal notice. They will only issue it on request after the insurance runs out.
If you move to another insurer, make sure that will accept proof after starting the insurance. It means that you should only take it out at the last minute to be sure it all works.
#5
Another trick is to bump up the excess ready for your renewal. I had a similar offer ten years ago where I had a policy with £500 excess, and they (Barclays / Priviledge then) matched the premium but with only a £100 excess. Doesn't mean they'll all do it that way, but worth a punt!
#6
jpr;5248210
In a year's time beware that Equity (who run it for FD) do NOT give you proof of NCD with a the renewal notice. They will only issue it on request after the insurance runs out.
If you move to another insurer, make sure that will accept proof after starting the insurance. It means that you should only take it out at the last minute to be sure it all works.


thats cheeky considering for this offer they state
The evidence must show renewal date and premium, vehicle registration number, cover type, excess, no claims bonus (and if protected or not), type of use, number of additional drivers and claims/convictions.
#7
rivergold
Another trick is to bump up the excess ready for your renewal. I had a similar offer ten years ago where I had a policy with £500 excess, and they (Barclays / Priviledge then) matched the premium but with only a £100 excess. Doesn't mean they'll all do it that way, but worth a punt!


Yeah I think the compulsory excess is £100 with this also but I think they try to match your excess which was good in my case as my voluntary excess with Tesco Value was £0; also there were two compulsory excesses to pay which meant that the total excess was £600. So by moving from Tesco Value to First Direct my excess dropped £500. Hope that makes sense... :)
#8
matt_james27
thats cheeky considering for this offer they state The evidence must show renewal date and premium, vehicle registration number, cover type, excess, no claims bonus (and if protected or not), type of use, number of additional drivers and claims/convictions.


When I phoned them, they were happy to just have somebody from Tesco put in writing my new (lower) renewal quote.
#9
A deal's a deal but rather sour that FD only quote for renewals. As a FD banking customer of 15 years I needed a new policy after 10 years of driving overseas on company cars. No can do.
banned#10
Not a good deal for me and I suspect many of us more mature drivers. I don't even pay £100 for my comprehensive insurance, and only paid £27 for my other car on TPFT. So minimum cover cost of £200 for comp. cover and £120 for TPFT would make this rather expensive.
#11
i usually beat 10% off through shopping around plus quidco :) thanks anyway
1 Like #12
punkrjb
i usually beat 10% off through shopping around plus quidco :) thanks anyway


So did I, but then I got my existing car insurance provider to beat the cheapest quote and then got First Direct to beat that by a further 10%.

Unfortunately Quidco is not available for all car insurance providers however this car insurance comparison site offers £35 cashback for most providers not on Quidco: http://www.moneyexpert.com/Insurance/Home.aspx
#13
banned#14
flyingflea
So did I, but then I got my existing car insurance provider to beat the cheapest quote and then got First Direct to beat that by a further 10%.

Unfortunately Quidco is not available for all car insurance providers however this car insurance comparison site offers £35 cashback for most providers not on Quidco: http://www.moneyexpert.com/Insurance/Home.aspx


I like your style. H&R added - everyone should try this.
#15
...and it shows how much they hope to make from "valued" existing customers who just renew.
#16
thanks for the heads up
#17
Great find thanks!
#18
wellfan
Not a good deal for me and I suspect many of us more mature drivers. I don't even pay £100 for my comprehensive insurance, and only paid £27 for my other car on TPFT. So minimum cover cost of £200 for comp. cover and £120 for TPFT would make this rather expensive.


I accept the deal isn't great for everyone but I'm sure the majority of people currently pay more than £200 for fully comp and £120 for TPFT. The savings must be huge for younger drivers!
banned#19
remember that most insurance companies bump up a renewal quote anyway as most people pay automatically or dont bother shopping around.

My renewal quote was up 40% on the previous year so I looked elsewhere and got exactly the same cover for 10% cheaper than previous year, effectively saving 50% on the renewal.

What amazed me was that the best quote was with the same company that quoted the renewal. Go figure!
#20
csiman
remember that most insurance companies bump up a renewal quote anyway as most people pay automatically or dont bother shopping around.

My renewal quote was up 40% on the previous year so I looked elsewhere and got exactly the same cover for 10% cheaper than previous year, effectively saving 50% on the renewal.

What amazed me was that the best quote was with the same company that quoted the renewal. Go figure!


Did you try asking your existing car insurer if they would beat the best quote you got and threaten to leave otherwise? That usually does the job but obviously depends on the insurer. Then go to FD and get them to beat that quote by 10%.
banned#21
flyingflea;5294560
Did you try asking your existing car insurer if they would beat the best quote you got and threaten to leave otherwise? That usually does the job but obviously depends on the insurer. Then go to FD and get them to beat that quote by 10%.

yep, they came down about 20% but wouldnt go down to a re-quote price so I had to take out a fresh policy with them. very odd. Budget Insurance btw.
#22
csiman
yep, they came down about 20% but wouldnt go down to a re-quote price so I had to take out a fresh policy with them. very odd. Budget Insurance btw.


That is odd. Perhaps they knew they weren't going to lose a customer so didn't bother to go out of their way to drop the premium further, as it usually requires a manager.
banned#23
flyingflea;5298065
That is odd. Perhaps they knew they weren't going to lose a customer so didn't bother to go out of their way to drop the premium further, as it usually requires a manager.

I think budget is a broker and so they just base the renewal quote on the figure from the existing insurer. So when I asked for a fresh quote, they checked ALL insurers, hence the better premium. Basically, if you insure via a broker, ALWAYS request a fresh quote as if you were a new customer.
#24
Stone Cold... They won't touch me because I'm unemployed.Voting with my feet now because I bank with First Direct so I'm going to switch banks.
#25
I love FD, and have banked with them since the very start.

However, trying to get car insurance via Equity (FD's "car insurance partner") was a very expensive mistake. Here's why.

1. Car insurance renewal time. Renewal quote (from Tesco I think) was a shade under £300.
2. Rang FD and ended up talking to Equity. Equity have a funny trick of asking what your lowest quote is, and then beating it by around £30 (although it is a condition that you must send them a copy of your lowest quote in writing, so you can't just make up a low figure)
3. Paid Equity by card payment, and am asked to send off proof of NCD (which I do)
4. Equity write to me about a week later asking for NCD proof again. I call them and advise it has been sent.
5. They deny receipt, and I'm asked to resend it - so I asked Tesco for a another copy.
6. This was sent off to Equity.
7. Then, I received a letter from Equity advising that since "no proof of NCD was supplied, they had decided to remove all NCD from the policy" thus making the premium jump to nearly £900!!!!!!!!
8. The policy was then cancelled, and I got shafted for approx £150 in early termination penalties - even though Equity had now miraculously found the proof of my NCD !!!!!

So, in summary, Firstdirect are generally exceptional but, as for Equity, they are basically a bunch of crooks in my opinion - quoting very low rates, but then using every opportunity to wriggle.

I'm surprised that Firstdirect still use them, but I would guess they must receive a decent kickback.

If you can possibly avoid using Equity Insurance, if may save you a fortune in the long term ;|)
#26
Really sorry to hear of your bad experience. You shouldn't have paid £150 in termination fees though, according to their T+C's cancelling a policy is £15 and possibly free if done in the 14 day cooling off period.

Equity asked for proof of my Tesco car insurance renewal but they didn't ask for proof of no-claims (although I only had 1 year). I think the problem possibly lied with the address you posted the NCB to as when I phoned First Direct / Equity up to confirm what address to post it to, they gave me a different address to what was on the pre-paid envelope included in my welcome pack. Your NCB was was maybe lost in post (Royal Mail's fault) or lost when they re-directed it.

I phoned them up a couple weeks after my policy started to confirm they had received it and they said yes and all was in order.
#27
offer's still on, looks like I'll be using this best saving by far for me. Thanks OP :)
#28
This has worked wonders for me.
#29
Just stumbled across this, as its that time of the year again! This deal should be scorchio!!

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