April 2009


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I really am not a fan of looking for a new car insurance contracts, I would rather have an easy life and stay where I am but when I received mine and my husband's renewal quotes this year and they had increased by over £300 between us, I had no choice but to find new ones!
There is also the added reason that my husband is a new driver and had only been named on my policy previously and really I did want to make him first driver now on his car being as I have another car for me now.
So, the quest began, much to my frustration.
I managed to find my policy quite easily even though my car is quite unusual and I managed to knock £341 off the quote I had received which is pretty good going. I found my new insurer on a comparison website, but must state that I checked 4 before I found this one so not all companies are on all comparison sites, or so it seems.
My husband's was a little more difficult, as although I found a provider quickly when I enquired about making my payments by monthly instalment the price increased by over £200! Yikes! So I went back to the drawing board and found that there was nothing low enough on monthly instalment, hmmmm what to do?
Then, I had a brain wave! I decided I would pay the amount in full on my one of my credit cards (I have 2 which I clear each month) and then balance transfer to the other hopefully on 0% but obviously I had to check this was possible first.
So I rang the company which I wanted to transfer to and asked if there were any offers available as there were none mentioned on my statement, in fact that said that balance transfers would be charged at over 20% APR. I thought that they might offer me 6 months interest free as I am a good customer, but they actually offered me 9 months with a fee of £20 for the transfer itself. So that is what I decided to do as really I would have expected to pay around £30 for the monthly payment facility so I was pleased as punch. I set up the insurance, transferred the money and have set up a monthly Direct Debit with my bank to the credit card to ensure that I don't accidentally miss a payment.
Okay, this probably seems a little more complicated than a normal insurance contract and more messing on my behalf but when you consider that by doing this I have saved hundreds of pounds it is well worth it!
Obviously I cannot use that card now until it is cleared, but that is fine as in case of emergencies I do still have the other one anyway so I am happy, my insurance is pretty much the same price as that I paid last year and now my husband is first driver and can make his own no claims, I am very pleased indeed. In addition to that his contract is only 10 months, but he then gets a year's no claims and it stops our insurance renewing at the same time again next year which sounds like a good idea!

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Updated on 10th June, 2009

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