Lloyds Car Insurance

Im currently with Lloyds TSB car insurance but when i check all the comparison sites they are showing as the cheapest again this year. My question is could I cancel my policy a few days before its due to end. Then join as a new customer?

For car insurance the quickest way to get a low quote is do a auto policy comparison. If you choose the same coverage amounts, you can get an fast quote to compare against others. Use the same zip code, auto make and model, mileage and driving history to ensure you get an apples to apples comparison. To get mulitple auto insurance quotes, go to http://www.autoadviceonline.com/Free-Aut o-Insurance-Quote.html and you can compare the major auto insurance companies.

2008-07-12 05:13:20 by Bored Paul

Driving contains several of safety measures which requires its presence every time one drives. Lacking the concentration and concern take one to ...

My wife was involved in an accident middle of September. A guy pulled out taking out the back end of her car and pushing her across traffic, onto opposite side of road, up kerb and into a lampost. A frightening accident for all of us in the car, we are just thank ful we are all ok.

However, even though he has accepted full responsibility it is us that come out of this whole experience way down on the money side of things.

The car has been written off, and we are to be paid out £2330, £1200 less than we paid for the car last year. Thanks Churchill. You really have helped us out. And all the other driver gets is an increased premium next time round. Surely this is wrong?

We have put the amount to be paid to us into dispute, but have already been told that that is the price on Glass's guide and thats all we will be paid. Cheers. We even have to go to the other guys insurance to sort out medical claims etc. Again churchill have really excelled themselves.
Comments? Tony

WHAT YOU NEED TO DO IS FIRST CONTACT THE BOARD OF INSURANCE LOCATED THERE AND SECOND FILE A REPORT WITH THEM CONCERNING THIS MATTER.

2007-10-04 07:36:41 by unionjackjackson

my car was stolen in march 2008.my insurance company,lloyds-tsb,-churchill insurance,sent me a claim form,sent all documents required 3 weeks ago,and still no reply from the insurance company,does anybody no how long it takes to settle the claim,the car was stolen& insurance asserors told me it was a write off

Have you actually rang them to ask if they have recieved the paperwork?

They could be sat waiting for the paperwork and you waiting for them, you need to ring them, they wont rush if there not pushed into doing so, the longer the money is in their account the more interest they will incrue so there not going to rush

Ive found Churchill to be really good, but maybe thats because theyve never had to pay me anything lol

Was there any discrepancy at all regarding the theft, were they happy with all the facts and have they even agreed a figure with you regarding the car?

2008-05-04 11:26:17 by jamesboylan@btinternet.com

I want to avoid red tape ( a tough ask I am aware !). Wouldn't it be possible to get a Lloyds underwriter to take on the risk/ regulation leaving an "entrepreneur" free to just do the selling of a policy acting as a "broker" with an enhanced fee for each policy sold? Would that not reduce the red tape involved?

If you wish to start as an insurance intermediary you will have to get authorisation from the FSA - they will check your record and ensure that you meet all their requirements - have a look at the FSA website for their handbook. If you print it off it is about 6 ft tall. There are also fees you have to pay as well.

If you want to start up a car insurance company then you will need approval from the DTI as well as the FSA. Part of this is ensuring that you have adequate re-insurance (if you don't know what this is forget it!).

I would add that insurance companies have NOT made a profit out of car insurance for many a year and with the advent of aggregators this is likely to continue. (Many brokers offer policies on these site below cost!) Almost certainly you would not have the resources to fight a trade war with the big boys.

The usual reason why someone wants to set up a car insurance company is the large premiums that they see young drivers have to pay. Believe me insurers are STILL losing money on young drivers! If they were making a profit then more insurers would come in forcing down the price so it is just economical for them to offer policies.

2009-04-13 09:16:04 by The Speaker

I am a second named driver on a policy for direct line and they ask for proof of my mom's no claims, however her insurance company she is with now, Lloyds say that they cant give her the proof, because the no claims bonus is for her car insured with them and not the new one with direct line. What can I do to get proof?

You can ask for a declaration page that shows she has good discounts. Not all insurance carriers list them, so check with Lloyds. Be specific as to what you need, a list of all good driver discounts. If the new insurance company isn't willing to accept that, then they're not worth having.

2009-07-12 08:08:17 by Jarryd