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Hi I really need advice about my sons autosaints car insurance policy and the £1350 charge they have added without our consent to my premium credit loan amount (that Was created exclusively to pay car insurance in monthly instalments.) apologies for how long my post is ...
My son was 17 yrs old when I obtained him car insurance through autosaints We are both named drivers on his policy... I projected that his projected annual mileage would be 7000 he has a black box recorder so they are aware of the mileage and also monitor his driving - that has been marked as excellent throughout the whole policy - on the 9th of June this year my son recieved an email from autosaints advising that he had driven 3000 miles over his projected mileage and they estimate he will need 10,000 more before his policy ends amounting in a whopping £1350 increase to his payment plan
when I spoke to them they said I had been made aware of the charges and it is what it is if you don't decide by following Monday they would cancel insurance, my son has to already pay £230 a month He only had 4 months left to pay the balance of £654 now payments will be near on £500 a month He totally can't afford, nice lady at autosaints said i don't have to have 20,000 miles I could have 1000 miles at £99.78p per 1000 and that I had already had 3000 extra so even if I wanted to get another 4000 that would cost me 99.78x 4 plus an extra payment there and then of £162 ! deposit for buying them ? When I took out the policy in December I already paid £439 deposit ? With a total amount payable by me of £2507.34p ? I don't know wether I should have not rang and let them charge me an extra £1355 for adding extra 10,000 miles or pay £100 per extra 1000 miles of which my balance would already be £300 for the miles I have already driven so if I add another 3000 that would be £600 plus £200 deposit I feel totally helpless as they had given me until Monday at 6 pm to make a decision.
The following day my disabled father was admitted to hospital and further discharged to my home to convalesce whilst being given treatment for TB, and me being his 24 he a day carer, as a result, not an excuse I didn't contact insurance and had it in my mind I would seek advice on the matter from citizen advice but never managed to find the time to sort it out.
However yesterday I recieved a text from premium credit notifying me that autosaints had increased my loan amount to £3876 and as I have 2 instalments left they are £945 each my son earns 650 a month as an apprentice chef that he has almost completed and he cannot afford these payments can I cancel my credit agreement and insure him with carrot insurance that have quoted £1402 for a year with projected 20,000 miles
He turned 18 3 weeks after policy started but I'm still the person who is liable for whole shabang
Thanks for reading hope you can help x
My son was 17 yrs old when I obtained him car insurance through autosaints We are both named drivers on his policy... I projected that his projected annual mileage would be 7000 he has a black box recorder so they are aware of the mileage and also monitor his driving - that has been marked as excellent throughout the whole policy - on the 9th of June this year my son recieved an email from autosaints advising that he had driven 3000 miles over his projected mileage and they estimate he will need 10,000 more before his policy ends amounting in a whopping £1350 increase to his payment plan
when I spoke to them they said I had been made aware of the charges and it is what it is if you don't decide by following Monday they would cancel insurance, my son has to already pay £230 a month He only had 4 months left to pay the balance of £654 now payments will be near on £500 a month He totally can't afford, nice lady at autosaints said i don't have to have 20,000 miles I could have 1000 miles at £99.78p per 1000 and that I had already had 3000 extra so even if I wanted to get another 4000 that would cost me 99.78x 4 plus an extra payment there and then of £162 ! deposit for buying them ? When I took out the policy in December I already paid £439 deposit ? With a total amount payable by me of £2507.34p ? I don't know wether I should have not rang and let them charge me an extra £1355 for adding extra 10,000 miles or pay £100 per extra 1000 miles of which my balance would already be £300 for the miles I have already driven so if I add another 3000 that would be £600 plus £200 deposit I feel totally helpless as they had given me until Monday at 6 pm to make a decision.
The following day my disabled father was admitted to hospital and further discharged to my home to convalesce whilst being given treatment for TB, and me being his 24 he a day carer, as a result, not an excuse I didn't contact insurance and had it in my mind I would seek advice on the matter from citizen advice but never managed to find the time to sort it out.
However yesterday I recieved a text from premium credit notifying me that autosaints had increased my loan amount to £3876 and as I have 2 instalments left they are £945 each my son earns 650 a month as an apprentice chef that he has almost completed and he cannot afford these payments can I cancel my credit agreement and insure him with carrot insurance that have quoted £1402 for a year with projected 20,000 miles
He turned 18 3 weeks after policy started but I'm still the person who is liable for whole shabang
Thanks for reading hope you can help x
although one last question Does it matter at all that They changed their terms in March 2015 to what it says above and it doesn't state that in the terms I was given... I also have a quote from alternative insurance for £1402 with 20,000 miles for the year nearly as cheap as the extra miles from autosaints ! !
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