Massive Car insurance costs?

[Sargatanas2511]

Surprisingly low increase on mine when I changed car from a 2 year old m135i to a brand new M240i with 6 months remaining the increase was only £13 , , was expecting much more..

Something similar happened to me but moving house last year. Went up by £10 for the remaining 4 months, but then when my renewal rolled around the quote was triple.

Needless to say I told them where to go.

 

[Dr House]

My Tesla went form £900 to £1200, then £2400, now is back down to £850, another more exotic is only £1300

 

[deardevildude]

Had my renewal through on my modified Mini R56. Was £160 cheaper than last year so more than happy with that, especially cause modified insurance can be a bit of a pig sometimes.

 

[bazzabear]

AMG C63 - dropping from £265 last year to £240 this year. At that price, I don't think I can even be bothered to check the comparison sites.

 

[bazzabear]

I did check the comparison sites in the end. Cheapest quote I got was £1.59 more expensive than my renewal.

 

[LowEndTorque]

Our renewal for two cars came through in April. It was lower than £50 or more than any comparison sites. So went ahead with it.

 

[oweneades]

Just changed insurers as our current renewal was £135 higher than what we ended up going with (same cover overall).

Most annoying is on the final step of cancelling the renewal our current insurer could suddenly drop the price by £100... if they had done that on the initial renewal we would have been more inclined to stay with them... (not guaranteed but would have been more enticing at least).

For context we are now paying £522 for the Model 3 SR+ vs £655 on the renewal.

 

[kaku]

Don't want to jinx it but actually got a lower renewal quote this year! Comparison sites couldn't compete so staying with Aviva for another year.

 

[Howling]

As usual, "renewal" went up by about £200 to £1250... got it elsewhere for £850...
Aren't these idiots supposed to be regulated??

 

[LowEndTorque]

As usual, "renewal" went up by about £200 to £1250... got it elsewhere for £850...
Aren't these idiots supposed to be regulated??

That's the thing we got better quote directly from Hastings than comparison sites. It surprised us tbh.

 

[zom247]

Just had our quote in for a Seat Arona and it's £90 higher than last year. Before I go doing the standard comparison searches, is Personal Accident Cover worth paying for? I usually do my NCD and that's about it!

 

[d_brennen]

Don't want to jinx it but actually got a lower renewal quote this year! Comparison sites couldn't compete so staying with Aviva for another year.

I hope this is the case for me. Had a huge bump in cost a couple years ago then went down last year by switching to Aviva. Got one of my pension pots with them, not that that makes a difference

 

[TomO]

my M4 down a chunk this year, but wifes IX a fraction more than last year

 

[kefkef]

Thought i'd try in here rather than creating a new thread. I'm in a lease that includes insurance currently. My previous private insurance for my old car runs out next month, i didn't bother cancelling it as it meant paying the full annual amount anyway. I've been told that if you dont have your own insurance this can sometimes mean you lose the no claims you've built up over time (currently 25yrs+ however aware only a certain amount is valid). I've got 2.5yrs left on my lease and will probably get another lease after that. Wondered if anyone else had insured a vehicle just to keep the no claims ticking over? I've got a couple of old titles from previous cars that went to a scrap yard and the scrappy never filled in the paperwork, so i've still got the V5 in my name. Running through Compare the Market as an example would give me fully comp on an old Fiesta for £70 per year.

 

[GravyMonster]

That's the thing we got better quote directly from Hastings than comparison sites. It surprised us tbh.

I've had that a few times. The comparison sites seem to be reliant on people's apathy now. If you get some quotes and then see if the cheapest insurer will actually beat that quote if you contact them directly, I've found they often will. Perhaps not by much, but less is less.

 

[GravyMonster]

I've been told that if you dont have your own insurance this can sometimes mean you lose the no claims you've built up over time (currently 25yrs+ however aware only a certain amount is valid). I've got 2.5yrs left on my lease and will probably get another lease after that.

In general you'll lose your NCD if you don't have insurance for more that 2 years.

 

[Scougar]

Not really comparable as USA, but my insurance has crept from around 205 a month to over 300 a month for two cars. Our insurance company seems decent but this is not cool.

Note: 2022 Subaru Outback Wilderness, 2023 Nissan Frontier Pro-4X. Have off road parking in a good neighborhood.

 

[b0rn2sk8]

PER MONTH???!

I knew insurance was expensive over there but that’s mad.

 

[TomO]

I am guessing those figures are $ rather than £, which takes a chunk off. Also, I believe in US you insure the car and anyone can drive it, unlike most policies here which have named drivers.

 

[Howling]

Most annoying is on the final step of cancelling the renewal our current insurer could suddenly drop the price by £100... if they had done that on the initial renewal we would have been more inclined to stay with them... (not guaranteed but would have been more enticing at least).

Had the same; gonna name and shame it was Admiral but I'm pretty sure it's not an uncommon occurrence among other insurers... Tell them you don't want to renew, they make you jump through some hoops saying YES I WANT TO CANCEL over and over... then they go "We'll give you £100 discount?" and you still have to be like "No, CANCEL!!"