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AUDI-SPORT INSURANCE scheme with CHRIS KNOTT :: 0800 917 2274

ChrisKnottIns Oct 3, 2013

  1. Raiden

    Raiden Well-Known Member

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    I know it's one of those things and maybe I should of shopped around more but you guys got me a policy with LV but another Golf R owner with the same company again a low price. His car is newer than mine and he's 35 then in the same thread a 26 year old with 5 years NCB and I had 9 is paying £650 but LV quoted him £856
     

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  3. ChrisKnottIns

    ChrisKnottIns Site Sponsor Site Sponsor

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    As I say, it's meaningless comparing yourself with other people just because the car is the same. Your postcode will be different, your occupation, your driving/claims/convictions history, etc, etc. Rates fluctuate within a year too so where your renewal date is different to theirs perhaps they got lucky with a rate drop - I don't know.
     
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  4. Raiden

    Raiden Well-Known Member

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    Alright I was only asking why the massive difference. Don't worry then I just won't use you next year.

    Sent from my Pixel 2 XL using Tapatalk
     
  5. jdp1962

    jdp1962 Grumpy Old Man TFSI Owners Group Team V6 Gold Supporter Team Tornado Audi S4 Black Edition quattro S tronic

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    Asking pretty much an impossible question.
     
  6. mikep99

    mikep99 Active Member Team Phantom Audi RS4

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    Harsh...
    Quoting you "and maybe I should of shopped around"
    All policies are different, you have the choice.
    Insurance companies work out what's best for that individual company.
    Points might mean loads to one, theft might be more important to another etc..
    And god knows how many other factors...

    Mike

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    jdp1962 likes this.
  7. Raiden

    Raiden Well-Known Member

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    It is my fault not shopping about but we are not talking a few quid here. £507 is a massive and I'm curious why? To me on paper I am a lower risk. I never have had to replace a car due to a theft. I just thought my insurance company could explain a bit more. £288 pound is ridiculously cheap for a brand new hot hatch IMO for someone under 40. But will have to agree to disagree

    Sent from my Pixel 2 XL using Tapatalk
     
  8. Peter123

    Peter123 Active Member TFSI Owners Group Team Navarra Audi Q5 Navarra Blue Classic S tronic S-line owners group It's my birthday

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    I have been discussing privately outside this thread and on another forum, so that I could give Chris Knott Insurance the benefit of any doubt as to why my insurance had increased again, when I came to insure a very similar car. I was quoted £61 more than previously when rates I am told by many firms had gone down. For me anyway. I am retired and only drive about 7 or 8k miles per year and I have been accident free for more than 25 years and with a completely clean driving licence.

    My previous car prior to renewal (I had insured it with Chris Knott) was a 63 plate BMW X3 xDrive 30d M Sport (3 litre - 265 bhp). It had every conceivable extra on it and was an ex BMW Head office management car. The next car, and the one needing insurance is an ex Bentley management 67 plate Audi Q5 2.o litre (252 bhp)S Line TFSI.

    When I came to insure it, with exactly the same conditions and naturally maximum NCB, I was quoted as stated above £61 more than the previous car. I rang the office and was told that the new one was in a different insurance bracket. Nothing else had changed.

    I rang again later and whilst on line receiving quotes from the online Meerkat brigade, I advised I had 50+ quotes and said that unless something changed drastically, I would be off back to L & V from where I came some years ago. The operative asked me to wait and came back with a similar price as to what L & V were quoting. I elected to stay, but might not next time.

    Am I complaining? No! It is an observation that has been very recently taken up the FCA see here.....
    https://www.insurancebusinessmag.co...ainst-systematic-scam--fca-reacts-112503.aspx

    In my view, I was subject to what is now being called insurance creep, and purely by coincidence, the day after I made contact to ask Chris Knott Insurance, it was on the news.

    It is worth noting that I was told later by PM that one of the things they take into account is the length of time I had been running the car.

    Come on Mr Knott....what other excuse can you use to make me bend over and get shafted?
     
  9. ChrisKnottIns

    ChrisKnottIns Site Sponsor Site Sponsor

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    Everyone seems to forget that we don't set these rating factors ourselves - we're brokers. If an insurer is using a 'length of ownership' factor in their calculations, we have no influence over that. It's not our "excuse" to make but when you asked us to look into why there was a difference we looked into the insurer's calculations in the background and found that's the reason the insurer is quoting what they are. We're just the messenger.
     
    Last edited: Nov 2, 2018
  10. Peter123

    Peter123 Active Member TFSI Owners Group Team Navarra Audi Q5 Navarra Blue Classic S tronic S-line owners group It's my birthday

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    So as a broker who resells a product you never ever have discussions with the insurance company you are/were using as to the makeup of quotes? Seriously? In my case, you blindly just passed it on and did not question on behalf of your customer the increase? I would not say you are looking after the customers interests best interests.
     
    Last edited: Nov 2, 2018
    Raiden likes this.
  11. Raiden

    Raiden Well-Known Member

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    I have to agree with this. As a bathroom salesman I get quotes from people all the time and sometimes I think ****** hell how is this guy selling it at that mad price, I can't even buy it myself for that and I ask the manufacture why is this guy getting better terms than me? At least I ask the question. CK I think as I am your customer should at least ask LV why are some people getting quoted mad prices and other not. How much do you make on people's policies?
     
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  13. ChrisKnottIns

    ChrisKnottIns Site Sponsor Site Sponsor

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    Peter, you're in an existing contract with your insurer and you are wanting to change the subject of the contract (the vehicle). It's entirely reasonable that the insurer has the opportunity to re-assess the implications of that change. You also have the opportunity to decide whether any additional premium requested (calculated by that insurer's actuaries) is acceptable to you.

    No of course we don't look at the multitude of rating factors a particular insurer uses to calculate the premium adjustment (they all use their own actuarial data, experience and weightings).

    Do you think comparison sites look at how the calcs are made? The staff at the insurers you can go to direct can't even sense-check their own rates because those decisions are taken at a much higher academic level within their organisations.
     
  14. ChrisKnottIns

    ChrisKnottIns Site Sponsor Site Sponsor

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    Raiden, you can't compare physical stock that has a cost of manufacture with intangible goods or services and you certainly can't compare one person's insurance quote with another's unless you're absolutely identical to each other because the data doesn't match for a start.

    We're going round in circles here gents.
     
  15. Peter123

    Peter123 Active Member TFSI Owners Group Team Navarra Audi Q5 Navarra Blue Classic S tronic S-line owners group It's my birthday

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    Agreed we are going round in circles (vicious ones at that) and as insurance companies and brokers, it is considered by the FCA that the customer is being ripped off. That is why investigations into conduct has started.
    In my case, it was a case of stinging me for more money. Even when the rate was negotiated down to the level at which L & V started at, you and the company must have been making an acceptable profit. Please do not tell me it was out of the goodness of your heart or it was about keeping business!
     
  16. ChrisKnottIns

    ChrisKnottIns Site Sponsor Site Sponsor

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    Let me just correct you on one point. The FCA has not drawn any conclusions and has certainly not stated that customers are being ripped off (that's media hype). It has simply begun a market study to understand how the market operates in relation to pricing because it has identified through looking at Home Insurance that:

    "General insurance pricing practices have the potential to cause harm to consumers, particularly those who are vulnerable" presumably because some firms do not have appropriate systems, controls and governance in place and “Our initial work has identified a number of areas of potential consumer harm... This market study will help us examine the outcomes from general insurance pricing practices and inform how, if necessary, we should intervene to improve the market."

    This is a fact-finding exercise to see IF anything needs to be done in the industry.

    The issue is around price-setting by those firms that undertake that activity and it generally won't include brokers because we merely communicate a price to a customer rather than being involved in setting it.
     
  17. Peter123

    Peter123 Active Member TFSI Owners Group Team Navarra Audi Q5 Navarra Blue Classic S tronic S-line owners group It's my birthday

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    As I said previously...........You should get involved especially when you say you look after customer's interests. ........

    • Competitive quotes
    • Personal contact
    • Impartial advice
    • Your needs put first
    • All the ongoing support you need
    • Highly-trained insurance experts
    • 30 years' experience of looking after car club members

    There's a hole in the bucket dear Henry, a hole. Then fix it dear Lisa....fix it.
     
  18. ChrisKnottIns

    ChrisKnottIns Site Sponsor Site Sponsor

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    Winter Tyres and Chris Knott

    Hi, I'm often asked on club forums (and Facebook groups) about switching to winter wheels/tyres and whether an insurer will charge extra if you do.

    As it's getting to that time of year again I thought I'd just reassure any Chris Knott clients that the insurers we use don't usually charge for this. However, if you are thinking of swapping your wheels we do have to log when you make the switch and then again when you go back to normal - so please let us know on 0800 917 2274.

    Thanks,
    Nick

    *** *** ***
    FEEDBACK
    "Been with them for years now. I check about every year but so far the best price, understanding of simple mods / winter wheels and cust service has been there every time. Very happy so far." Joanna Cole, New Mini Scotland

    "Excellent service when arranging insurance for 2 cars. As much as possible is done by email which is efficient..." Julian P, TrustPilot

    "Quick, simple and always matching prices with trustworthy insurances." Carla, TrustPilot

    "First class service. Cannot fault any of the service given, highly recommended." Paul H, TrustPilot

    "Continuing my annual insurance search, Chris Knott have beaten my (already cheap) renewal by 10% but I’m getting some really outrageous quotes. Most north of £500 and a few into 4 figures!" Steve Ingall, Alfabook
     
  19. cammylambo

    cammylambo New Member

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    Hi,
    Wondering if you cover a 21 year old on an 2008 S5? I have 1 year NCB, no points, no accidents, drove an 2016 S3 for 1 year previous to this car.
     
  20. ChrisKnottIns

    ChrisKnottIns Site Sponsor Site Sponsor

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    Hi, no i'm afraid you don't meet the insurance companies' minimum criteria for access to the club scheme. On an S5 you'd need to be at least 25.
     
  21. Audi-Power

    Audi-Power Member

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    Can’t seem to get through to Chris Knott ..... the phone numbers don’t work. Anyone else have this issue ?
     
  22. ChrisKnottIns

    ChrisKnottIns Site Sponsor Site Sponsor

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    We had an issue first thing this morning but all appears to be OK again now. Sorry about that.
     
    Audi-Power likes this.
  23. Audi-Power

    Audi-Power Member

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    Thanks for the reply.
     

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