Are 'credit hire' cars risky?
My car insurance is due for renewal in two weeks and my current insurer has offered a renewal at £235, which represents a 17 per cent increase. Is this normal or should I seek alternatives?
Secondly, I understand there can be issues with courtesy cars. For example, when a car is off the road after an accident, credit hire companies charge the earth for a courtesy car with problems for the insured when the at-fault insurer refuses to pay this bill. Are there any ways around this?
Secondly, I understand there can be issues with courtesy cars. For example, when a car is off the road after an accident, credit hire companies charge the earth for a courtesy car with problems for the insured when the at-fault insurer refuses to pay this bill. Are there any ways around this?
Asked on 2 November 2012 by MC, Berwick upon Tweed
Answered by
Honest John
That rise is not sufficiently excessive to worry about, compared with the potential penalties from switching insurance companies.
'Credit hire' cars are so called because the user gets them on credit in the expectation that an insurer will eventually pay. If the insurer does not pay, the user is then held liable. Many car manufacturers are now running their own accident management schemes which ensure that cars are repaired to full dealer retail standards without involving credit hire. So far, that seems to be the best answer.
'Credit hire' cars are so called because the user gets them on credit in the expectation that an insurer will eventually pay. If the insurer does not pay, the user is then held liable. Many car manufacturers are now running their own accident management schemes which ensure that cars are repaired to full dealer retail standards without involving credit hire. So far, that seems to be the best answer.
We give you the low down on how to save on insurance, little-known tricks and tips, what insurance groups mean and how to use insurance aggregators to beat insurers.
Insurance group finder and how to save on insuranceSimilar questions
My insurance company, Hastings Direct, have referred me through to Auxillis for repair work and hire car following an accident. The other driver went into the back of me, but he is disputing liability...
I was involved in a car accident last year and the other party admitted liability. His insurance company rang and confirmed liability both to me and my insurers. My insurance duly paid for all the repairs...
I had a car accident over five years ago, the driver was convicted of dangerous driving. I had just bought the car and it was written off five minutes after leaving the garage. The garage had let me drive...
![2017 BMW 1 Series 120i [2.0] Sport 5dr [Nav]](http://images.honestjohn.co.uk/imagecache/url/crop/90x60/https/cdn.uk.prod.group-mobility-trader.com/images/cas/7a55dd94a4df66a1aa6393a983c292ba/e96cb1430ff0d66fb8fac8f6b63e6cca.jpg)
.jpg)
