Renault Clio III - New for old replacement car insurance

Honest John Back Room » Motoring discussion
What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
View Threaded
Thu 22 Jul 2010 11:21
Renault Clio III - New for old replacement car insurance - paulas99

Hi All

I have written off my car a couple of months ago.

I have been offered £11,500 for the vehicle.

The vehicle cost £16,050 from new.

I have also been offered a "new for old" replacement.

Does anyone know what I would get as a replacement vehicle.

(i.e. Would I get a new car to the same spec I purchased, or a new car just to the value of £11,500?)

A new car to my spec is now nearly £18,000.

How does it work?

Tia

Paul

Reply | Report as offensive | Link
Thu 22 Jul 2010 16:24
Renault Clio III - New for old replacement car insurance - bonzo dog

As a rule, "new for old" means just that; they give you a new Renault Clio 111, the same spec as previous (or closest to it, if that spec is no longer available).

Reply | Report as offensive | Link
Thu 22 Jul 2010 23:29
Renault Clio III - New for old replacement car insurance - Armitage Shanks {p}

My insurance will give me a new car, if mine is written off before it is 12 months old. Ie a new, similarly specced car to that which I drove away from the showroom.

Reply | Report as offensive | Link
Fri 23 Jul 2010 13:05
Renault Clio III - New for old replacement car insurance - paulas99

It seems strange that I get £11,000 in cash but £18,000 in a replacement car.....

Reply | Report as offensive | Link
Fri 23 Jul 2010 14:29
Renault Clio III - New for old replacement car insurance - Chris M

It's not going to cost the insurer £18k though is it.

Reply | Report as offensive | Link
Fri 23 Jul 2010 15:12
Renault Clio III - New for old replacement car insurance - paulas99
No idea. Replacement car it is though.

Thanks for all your help, gents.
Reply | Report as offensive | Link

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 insurance

Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.

Honest Used Car Prices