Caravan Club insurance discounts?

[Surfer]

I think the CC is being a bit sneaky with their discounts on insurance. For instance our quote was nearly £900 before discounts.
For example only and not as per fact, you then get 25% off the £900 for the alarm, if you have wheel locks you then get 10% off the balance and not off the original £900, if you have Gold storage it is another 10% off the balance and not off the original amount. Ultimately you lose out.
Surely the way they phrase the wording on their pamphlets gives the impression that the discounts apply to the original amount and not the subsequent lower amounts?
I agree that the CC insurance is still good value IMHO.

 

[Parksy]

£900 (or around £500) seems a bit steep Surfer

Our Abbey Vogue 620 t/a is insured 'new for old', the sum insured is £14200 and we're not in gold storage although we do have an alarm and Phantom tracker fitted and in use.
The premium costs £256.93 (spread over 10 months) with the C&CC ClubCare insurance and we claimed a £12000 total loss after the flooding 4 years ago for a three month old Abbey 475 that was flooded when the Avon burst it's banks at Eckington.
Why not ask the C&CC for a quote and do a comparison between the policies.

 

[WoodlandsCamper]

Surfer
The CC insurance is not being sneaky, but are only doing what every insurance company does. If they added all the discounts together first then they could end up owing you!! All discount on any thing are always sequential.
For example - if a shop said an item at £100 (without VAT) was 10% discount and then VAT added the amount you pay is the same as VAT added first and then 10% discount. In the second case the tax man gets a bigger cut.
For the mathametician 100 * 0.9 * 1.2 is the same as 100 * 1.2 * 0.9.

 

[Surfer]

Surfer
The CC insurance is not being sneaky, but are only doing what every insurance company does. If they added all the discounts together first then they could end up owing you!! All discount on any thing are always sequential.
For example - if a shop said an item at £100 (without VAT) was 10% discount and then VAT added the amount you pay is the same as VAT added first and then 10% discount. In the second case the tax man gets a bigger cut.
For the mathametician 100 * 0.9 * 1.2 is the same as 100 * 1.2 * 0.9.

They load the premium and then do the discounts. The insurance on my car valued at £30,000 only attracted a premium of £250 but the caravan we had at the time was nearly £500 after discounts. I will be phoning around for quotes tomorrow to see if I can better the CC quote.

 

[josh1]

i must say that i am happy with the price of the CC insurance on our caravan, 2006 swift coastline 570, first van, market value of £8500 in gold storage is a little over £220, whilst others i rang were £400+

 

[starlightdj]

Hi another thing to be wary about when taking out any type of insurance is spreading your cost of the policy over ie 10 months like Parksy.

You will find by spreading the payments you will mostly be signing up to a seperate finance company whom pays the insurance policy for you and charge an average of between 21% and 27% interest on your instalments for the privelige.

If you can try and pay for your policy in one go you will save a fair amount, or alternatively compare the pecentage rate of the finance company say to your visa or credit card, where average pecentage rates are more circa 16% to 18% depending on circumstances.

Dont just think the insurance company are doing you a favour by spreading the payments, they make a commision for every policy sold via the finance company.

Cheers
John

 

[Parksy]

It's true that by spreading the cost of insurance a credit charge is made but much as we'd like to buy both the car and caravan insurance outright it would be difficult and we try to limit any credit card expenditure to amounts that we can pay off straight away.

We both retired early for medical reasons, we both have modest pensions and keep a tight rein on our spending so I use my computer to find the best prices for everything that we buy, including insurance quotes which offer the best policy for the lowest price.
This helps to offset things like credit charges and makes our monthly repayments easily manageable, and we arrange things so that the two month break on both the car and caravan policies arrives during the summer months.

 

[Surfer]

Our issue is that we need to pay the caravan insurance, TV licence and Tracker subscription all within the next 30 days. In order to get aroudn thsi we are putting TV licence on DD for two months and then cancelling and paying in full in March. Then caravan insurance on DD with £100 deposit and paying tracker upfront for 5 years saving £240. In January / February pay off Caravan insurance as I dislike DDs.