Associate
yeah I'm a londoner as well and mines gone from £1000 a year to £1500 a year, shopping around I can only find it cheaper by £50
Anyone seeing car insurance pricing increases?
- Thread starter danlightbulb
- Start date
Underboss
Just renewed mine
230 quid a year
Fully comp with all extras
20+ driving
0 accidents
0 convictions
Etc
Car is worth 2 - 3K
230 quid a year
Fully comp with all extras
20+ driving
0 accidents
0 convictions
Etc
Car is worth 2 - 3K
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i pay £839 with no ncb, only took it out a couple of weeks ago. so the other day decided to see what having 1 years ncb would do. used the same price comparison website, exactly the same details, it came out to just under £1500! no idea why it increased so much in the space of 2 weeks, not looking forward to next years renewal.
Easy, look at the year on year financial results of Admiral, Direct Line, Hastings, Sabre and anybody else you can think of.
2022 was an absolute blood bath for UK Motor, some weathered it better than others but the market went into this year significantly underpriced. Everybody was expecting inflation to correct but there has been no sign of that yet - simply put, insurers need to put on rate to survive.
I had my renewal through from Admiral a couple of weeks ago...
19 Years NCB
0 Accidents
All details exactly the same.
Last years premium... £250 Fully Comp
Renewal... £442 Fully Comp
I did a comparison and the cheapest i could find elsewhere was about £320.
I called up Admiral saying they were having my eyes out with that renewal, after about 30 seconds they offered me a £99 discount which brought it down to £343.
Still not great but better than before. plus it saved me the hassle of having to send off my No Claims info to a different company.
Sometimes it pays to call the renewal hotline and see if they can do anything better. Insurers just assume people will roll over and accept the ridiculous offers they put out.
19 Years NCB
0 Accidents
All details exactly the same.
Last years premium... £250 Fully Comp
Renewal... £442 Fully Comp
I did a comparison and the cheapest i could find elsewhere was about £320.
I called up Admiral saying they were having my eyes out with that renewal, after about 30 seconds they offered me a £99 discount which brought it down to £343.
Still not great but better than before. plus it saved me the hassle of having to send off my No Claims info to a different company.
Sometimes it pays to call the renewal hotline and see if they can do anything better. Insurers just assume people will roll over and accept the ridiculous offers they put out.
Man of Honour
If another company offers me it cheaper without having to spend my time calling the company that's tried to have my pants down then they win by default.
In all fairness, it took me less time to call and get it cheaper than it did to type out all my info into the comparison website.
If Admiral couldn't have got close than I would 100% have taken my business elsewhere.
Renewal tried to scam me on an admin charge of 30 quid. Quick webchat with them got the charge dropped bringing price inline with everyone else on compare the market.
Bet there are suckers out there that just pay and dont compare
Bet there are suckers out there that just pay and dont compare
Soldato
Mine was £282 last year. fully comp
This years its gone up to £325 fully comp so an increase of £43.
11years NCB
0 convictions
0 accidents
20+years licence
Car is worth around £21,500
This years its gone up to £325 fully comp so an increase of £43.
11years NCB
0 convictions
0 accidents
20+years licence
Car is worth around £21,500
Associate
You have to send off proof of no claims? I just go through price comparison websites and I'm on my 9th year and they've always taken me at my word. Quick 5 minute job.
Don
NCB I think is now shared between the major players so you usually don’t have to send proof off these days.
Got my renewal today, I did change my car half way through the policy and I find you get ripped off when you do. So when I had my Passat CC it was just over £390, change it over to my XF and had to pay an extra £170 what I didn’t mind. Making my current policy £560, my renewal £898.
20 years driving
20 NCB
0 Points
1 claim in the last 3 years (not at fault, car was parked outside the house and some reversed into my car)
Car is worth £12k
Time to hit those comparing websites tonight. Just shy of £900 remind of when I first started driving.
20 years driving
20 NCB
0 Points
1 claim in the last 3 years (not at fault, car was parked outside the house and some reversed into my car)
Car is worth £12k
Time to hit those comparing websites tonight. Just shy of £900 remind of when I first started driving.
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£900 in 2003 is equivalent to almost £1600 today.
Looks like many are seeing their insurance balloon this year.
Certainly looks that way, just got to work and chatting with some of the guys. My bosses went up by 25% last month and someone else said similar. To be honest, I was expecting it to go up but not by that much. I see a quote of £900 and just think they are quietly hinting we don’t want to insure your car.
My renewal was a 19% increase - full no-claims for 20+ years etc. Shopped around and got mutliple quotes for almost 50% less of the original annual amount. Some insurers just take the ****. If they hadn't got greedy and kept it under 10% I'd probably have renewed without thinking about it.
Associate
Mine was a small increase £190 to £215. But got it for £170 with Cashback.
15 years no claims. Cars in sign worth little.
The Mrs however was £250 last year and they wanted £480 this year. Shopped around and for it for £350.
No difference other than another years no claims. Wait .... No changed cars midway through.
Spend a lot of time on comparison sites this time of year. Both cars due then house the following month !
15 years no claims. Cars in sign worth little.
The Mrs however was £250 last year and they wanted £480 this year. Shopped around and for it for £350.
No difference other than another years no claims. Wait .... No changed cars midway through.
Spend a lot of time on comparison sites this time of year. Both cars due then house the following month !