 | Home > Off Topic > £25 refund to customers as cars and vans sit idle |
 
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| gilarion Member Since: 05 Dec 2013 Location: Wales Posts: 5110   
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One of the UK's biggest motor insurance companies, Admiral, is giving a £25 refund to customers as cars and vans sit idle in the coronavirus pandemic.
The payment will be paid automatically to anyone with a car or van insurance policy with Admiral on 20 April. The company said it was a "thank you" to customers for staying at home, but also reflected the lower level of claims, benefiting its profits. Other insurers are under pressure to follow suit. For those who like Welsh Mountains and narrow boats have a look at my videos and photos at.. http://www.youtube.com/user/conwy1 |
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21st Apr 2020 3:58pm |
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| LiftedDisco Member Since: 17 Aug 2014 Location: Towcester Posts: 353 
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We have a multi-car policy with them - effectively taken out when the kids started driving and they run a black box system for new drivers with discounts based on their driving style over a three month assessment period.
In addition, having a multi-car policy allows you to nominate the highest risk vehicle as ‘lead’ vehicle, thereby attracting max discount - the first time we did this, it meant that Niki’s car was effectively free to insure! Back to their refund - to put it into perspective, they are actually returning a total of £110 million to clients. Impressive, but what really got my attention is the following: They are creating a fund of £4m to help charities and those in need in South Wales (as their home base) as a result of Covid-19 Additionally, all staff are on full pay and none have been furloughed... Wow, just wow... |
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22nd Apr 2020 7:53pm |
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| Sulisuli Member Since: 30 Oct 2016 Location: South west Posts: 4795  
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That’s an impressive company, good for them
 2015 HT XS 90
2008 SVX 90 2000 XS TD5 90 |
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22nd Apr 2020 8:12pm |
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| 90 Dreamer Member Since: 13 Jul 2019 Location: Oop North Posts: 2147
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Agreed most are greedy w$ankers......
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22nd Apr 2020 8:20pm |
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| Chawks Member Since: 19 Feb 2017 Location: Dorset Posts: 121
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That is very impressive! I had an email from them to say I will be getting £25 which I shall be donating it to a worthy cause.
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22nd Apr 2020 8:31pm |
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| keef9t Member Since: 13 Mar 2016 Location: manchester Posts: 170 
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I will let you have my bank details
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22nd Apr 2020 8:53pm |
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| Spiritbeth Member Since: 24 Mar 2017 Location: Hampshire Posts: 15 
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Late night brain exercise for me: If £25 is 20% of your monthly premium then your annual premium is £1,500! If that is for one vehicle then it sounds like a lot unless you have been a naughty boy in the past or driving something Imcan only dream about . |
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22nd Apr 2020 8:57pm |
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| Chawks Member Since: 19 Feb 2017 Location: Dorset Posts: 121
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22nd Apr 2020 9:04pm |
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| miker Member Since: 13 Sep 2015 Location: Surrey Posts: 1763 
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2 vehicles, clean license, a land rover and a skoda estate..... I would blame my other halfs lack of driving experience, but even that is only a small part of the premium! Under 30, which seems to be the main issue! |
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22nd Apr 2020 9:21pm |
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| corgi1 Member Since: 26 Feb 2017 Location: bucks Posts: 440  
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A plan ?????
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22nd Apr 2020 9:22pm |
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| Spiritbeth Member Since: 24 Mar 2017 Location: Hampshire Posts: 15
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Youth is not all it is cracked up to be. We older folks can just have a wry smile. I think you should get £25 per vehicle so £50 will at least buy a few beers when we are all permitted to go to the pub again. |
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22nd Apr 2020 9:29pm |
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| seriesonenut Member Since: 19 Nov 2014 Location: Essex Posts: 1211
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Listening to the news tonight with a possible 12 more months of social distancing were all going to need some sort of refund as none of us will be going anywhere soon
 2010 XS USW
1957 Series One 88 diesel 1958 Series One 88 4x2 |
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22nd Apr 2020 10:10pm |
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| 22900013A Member Since: 23 Dec 2010 Location: Oxfordshire Posts: 3149 
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More importantly than money they *must* do something to avoid the situation of thousands of people essentially trapped alone in their homes. Maybe lockdown isn't too bad with a family, but rather than an insurance refund I would rather be allowed to actually have a life? 2011 110 USW
1973 Series III 1-Ton 1972 Series III 1-Ton Cherrypicker 1969 IIA 1-Ton 1966 IIA 88" |
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23rd Apr 2020 4:52am |
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| discomog Member Since: 09 May 2015 Location: Notts/Lincs Border Posts: 2526 
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This must be one of the few posts actually praising an insurance company. We're usually slating them. Let's hope that more follow. Defender 90XS SW
Mini Countryman Cooper S Morgan Plus 8 |
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23rd Apr 2020 5:22am |
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