What happened to insurance prices?

[Dr House]

So last year I paid £3.5k for 5 cars (Panamera, 535GT, 335i, 911 C2S, old ford fiesta). This year its only £1700??

Has anyone else seen a big drop in premiums? I am really very pleased as the savings will really help us this year.

 

[balls]

There seems to be a big drop in multi-car policy prices, possibly due to more companies offering them

 

[Dr House]

actually it was multi car last year but they wanted £5k this year so its with 3 different companies now.

 

[esK`]

Mine dropped from £420 to £240 this year no idea why but I shan't complain.

 

[lemonade]

The law changed regarding premiums for females, so that has bought prices down.

 

[Frozennova]

I've noticed this looking at quotes, 6 months ago an impreza sti was £1650, now £950.

2.5TT soarer has only marginally dropped from 730 to 630

and current 1.6 escort estate has dropped fro. 696 to 593

 

[Rilot]

Mine dropped a lot too. S2k was somewhere around the £500 mark last year, £260 this year.

 

[oap]

Possibly because males do not subsidise females insurance anymore?

 

[MeAnBoY]

The law changed regarding premiums for females, so that has bought prices down.

This gender directive actually happened a couple of years ago.

 

[AndrewNR]

Mine went from £340 or so to £160 in April for an EP3.

 

[Haggisman]

Mine has gone up by ~40% with no changes other than an extra year's no claims bonus... go figure.

 

[snapdragon69]

I think many of the Cash for Crash folk are making mischief in Iraq and Syria this year.

 

[pepsilol]

Is that the same company?

 

[Jokester]

Mine has gone up by ~40% with no changes other than an extra year's no claims bonus... go figure.

Take it you shopped around for a new deal though?

 

[Dynix]

Mine dropped from around £800 to £440 on my FN2 Type-R, turning 25 probably helped!

 

[inogen]

Mine was £520 last year and I ran a quote a few weeks ago, was £220.

Mine will be something to do with my 9 years named driver being converted to 9 years no-claims. Aviva took my 9 years as no-claims last year, but this year I can take them anywhere.

 

[malfunkshun]

Mine has gone up by ~40% with no changes other than an extra year's no claims bonus... go figure.

Yeah, mine too. Tesco? either way I went elsewhere.

 

[agnes]

I'm paying through the roof for my car as it's my 'first car' I have fully insured under my name as I only got my licence maybe 6 months ago. The Mazda MX5 mk1 I had prior was insured under my old dear.

I'm paying £1,600 for my BMW 130i M Sport... Absolutely insane. And you can't carry over your NCB from bike to car, but you can do the otherway round. STUPID in my opinion.

Hopefully next year my premium will drop drastically as I'm over 25... Laziness, should have done my licence at 17 Not mess around on motorbikes all these years.

 

[Haggisman]

Take it you shopped around for a new deal though?

Yup

Was with RAC, underwritten by Aviva (I think). They gave me a renewal quote from Covea which was ~40% higher, unfortunately the lowest quote I could find online was through M&S, also underwritten by Covea, for roughly the same price =/

Oh well, serves me right for getting older, more experienced, and not crashing!

 

[Draeger]

Our insurance went up again this year as it always seems to do. Seems companies don't reward loyalty nowadays so as I did last year, I binned my current insurer and shopped around. Direct line sent me their renewal quote of £328 for both myself and the missus. I did an online quote with Swinton and the end figure was £220 for exactly the same level of cover. Plus Swinton are running an offer which will give you £50 cash back so the end result was effectively £170. Quite a difference from Direct Line's £328 - robbing gits. I phoned them up to see if they could match the Swinton quote and they couldn't have cared less simply saying - 'Nah, we would suggest you just go with them'. No problem - I did.