Join Date: May 2008
Location: United Kingdom
How do I handle this then?
Any advice on the following?
I've had a Punto insured with me as the main driver and OH as named driver (she has zero no claims, I have 7 yrs) with Direct Line. Was fairly reasonable at the time!
I'm now 6 months into the policy and have bought an Alfa. The OH is getting the punto, which I am signing over to her, and I will have the Alfa.
I've just had a word with Direct Line who want over £1200 for the Alfa for a years premium, which I'd pay half of (6 months in) - however the cheapest I see online is about £650 - £700 for a full year. In terms of monthly payments, this is meaning like £95 - £100 when I could be spending £50. That's a lot at the moment!
Should I just stump it up for six months and put the Alfa onto my existing policy, or cancel it and take out a new policy but effectively lose a year's no claims?
If i'm honest I saw an increase in premiums last time I earned an extra years no claims so not sure how helpful it really is...