Loan vehicle insurance cover - a cautionary tale

[Simon Linton]

When your insurance renewal comes around, check what your company will charge for temporary cover on any service loan vehicle.
Many specialist and smaller garages don't insure loaners, which leaves it up to the driver.

A low initial premium can be increased substantially by charges of £25 per occasion; especially if you're a compulsive repairer or have a long-term problem that needs frequent visits.

Chris Knott insurers were initially going to charge a £25 per visit levy on my Highway insurance policy until I pointed out that I had specifically asked if there would be any charge when I took the policy out, and was told that there would not be.

It did involve a discussion with a manager on both occasions I had to get cover, but they did concede that my initial terms and conditions would apply.

The lady I spoke to said that many insurers will do this, probably as way of clawing back the low initial premium that convinced you in the first place.

Highway is one of them; be warned and make sure you do as I do and get it in the notes when you renew.

Or take the loan vehicle charges into account when choosing your insurers.

[Mike_Brace]

Very sound advice - something that is easily overlooked

Mike

[imac]

Good advice!

That is at least one advantage of the main stealers. They at least give you a brand spanking new courtesy car with full insurance

[octo0072000]

Originally Posted by VolvoT5

Good advice!

That is at least one advantage of the main stealers. They at least give you a brand spanking new courtesy car with full insurance

but did you ever check the conditions of the insurance and what the exess is last loaner i got for ex wife from kia ins excess was 1000 not very good ?

[migrator]

Some do - mine used to do this but now I get a 'loan' car from Arnold's car hire department and need to pay for the insurance changes even yhough it is going down to a much smaller basic car.

[Alpha206]

Originally Posted by VolvoT5

. They at least give you a brand spanking new courtesy car with full insurance

Not necessarily...many of the dealers prefer you to drive the courtesy car on your own insurance (with Volvo Owners' Insurance it's free BTW), although they should hopefully give you the choice.

They're not always brand new either...my local dealer in September last year had an 05 plate V50, and 04 and 03 plate S40s! (And if you use the bodyshop you get a Corsa 1.2! )

[imac]

Originally Posted by octo0072000

but did you ever check the conditions of the insurance and what the exess is last loaner i got for ex wife from kia ins excess was 1000 not very good ?

Its usually about £500.

£1000 is a bit excessive!!

[sarge]

Originally Posted by Graeme Catnach

Not necessarily...many of the dealers prefer you to drive the courtesy car on your own insurance (with Volvo Owners' Insurance it's free BTW) )

Same here. At my dealers you drive on your own insurance but because I'm with VOI there's no extra charge for swappping it over. One of my recent courtesy cars was a new V50 T5!

Sarge
'99 V70 AWD

[xxx-850R-xxx]

Originally Posted by VolvoT5

Its usually about £500.

£1000 is a bit excessive!!

lol, thats why its called 'excess' hehe

[imac]

Originally Posted by xxx-850R-xxx

lol, thats why its called 'excess' hehe