car insurance doubled, why?

[hobib_ali]

So I pay £350 a year fully com on a Audi A5 3.0L, been paying that for years

Buying an Audi S5 which has the same engine Audi A5 3.0L

Its the same size engine, literally the same car, because on the newer Audi's Audi have lowered the power such as the older S5 has a 4.2L engine and the new ones have a 3.0L engine, but the point is there is not much of a difference between an Audi A5 3.0L and a Audi S5 3.0L yet the insurance quote has more than doubled, the cheapest I found was 730 but my current provider quoted me £800

Ive got 15 years NCB, I dont understand why it should more than double when its basically the same car but with an S instead of a A, the A5 3.0L was an S line, the S5 3.0L is also an S line

The value of the car shouldnt affect the quote because as long as the car is below 40k in value

The insurance rep said to me that if the A5 is 15k and the S5 is 30k that wouldnt affect the insurance quote, as long as the car value doesnt exceed 40k

So if the S5 3.L has the same engine power as the A5 3.0L why is the insurance quote more than doubled?

 

[tom_e]

Because it's not the same car never mind how you spin it.

 

[Shadowness]

basically the same car

I guess what you deem as basically the same, the insurers probably disagree.

More desirable/nickable as S rather than bog standard A?

Plus engine power isn't the only factor. There are hundreds of them.

 

[VincentHanna]

It can't be "literally the same car"

It might have equipment that's hard to repair/replace if damaged, or a bodykit that is harder to fix.

 

[Penfold101]

Becuase it’s car insurance - it never makes any sense.

 

[hobib_ali]

Becuase it’s car insurance - it never makes any sense.

well i did edit the quote and changed a few things here n there but doesnt make a difference, also tried 3 comparison sites, I swear they work off the same system, the only thing to do now is take a few more quotes with companies that are not on comparison websites as I know confused and moneysuper market get commission which is passed on to the consumer

thats why people get lower spec cars and then remap the engine so it matches the upper spec cars

like someone remaping a BMW 3.0L to a M4 or someone remaping a A5 3.0L to a S5 and Ive seen S5 owners remapping to match an RS5

 

[Rroff]

Insurance is weird sometimes - it would be cheaper for me to insure a GT-R or even most performance and sports cars than it is for the Qashqai, while anything Audi S let alone RS series is £LOL - like well into the 4 figures.

 

[sovietspybob]

Any Audi S or RS are theft magnets so that may be a part.

Also if it is pretty much the same as the normal A5 then all the trinkity bits which are different like bumpers, mirrors or whatever will be worth a pretty penny on the 2nd hand market for people to dress up their normal A5 to look like the S5. People also really really like to steal those bits off higher spec cars to sell on, was a big big problem with fiesta ST's and other similar 'top spec' cars which jacked the insurance on them.

So that may explain it

 

[Kenai]

An S5 is not the same risk profile as A5 3.0 regardless of them happening to share the same nominal engine size.

An S5 is more powerful, faster, more expensive to repair (or replace), has more expensive parts, is more attractive to thieves (and parts thieves), is more attractive to idiot drivers - all of which add up to insurance companies wanting more money to insure against those risks.

 

[dave28]

well i did edit the quote and changed a few things here n there but doesnt make a difference, also tried 3 comparison sites, I swear they work off the same system, the only thing to do now is take a few more quotes with companies that are not on comparison websites as I know confused and moneysuper market get commission which is passed on to the consumer

thats why people get lower spec cars and then remap the engine so it matches the upper spec cars

like someone remaping a BMW 3.0L to a M4 or someone remaping a A5 3.0L to a S5 and Ive seen S5 owners remapping to match an RS5

dont you then need to tell them its modded and they up your insurance anyway

 

[Resident]

OH dear god.

If this really needs explaining to you then maybe catching the bus is more your speed.

There are big differences in risk/desirability. The S badge brings them.

 

[bimbleuk]

Quick look and S5 are group 40 and up where the A5 can be from 40 down to 24 so could be a fair gap between the insurance groups and hence risk.

 

[Malevolence]

literally the same car

Only it's not, is it?

 

[ANDREW GREEN]

but my current provider quoted me £800

I suspect this is the real reason. Once they think you're 'locked in' they bump up the rates. Get quotes and take the lowest or come back to your provider with what you've been offered

 

[Armageus]

like someone remaping a BMW 3.0L to a M4 or someone remaping a A5 3.0L to a S5 and Ive seen S5 owners remapping to match an RS5

You know there's more to an M4 or an RS5 than a power increase right?

And that remaps potentially increase insurance (or potentially void it if not declared)

Also an A5 3.0L isn't the same as an S5 at all other than sharing a body shell

 

[G J]

Everytime I've changed cars the first years is always the worst and then it get a lot more resonable in year 2 onwards as their must be higher risk in the first year of someone driving a different car.

The first year of driving a 2.0 Mondeo a long time ago was nearly £100 more then the 2.2i Honda Prelude I'd driven for a few years.

 

[D.P.]

You might not mike it but Insurance companies employ many smart people to crunch a lot of numbers to come up with an expected risk , they then simply put their profit margin on top.

They don't randomly come up with quotes. It largely reflects underlying data. e.g. Males under 25 are statistically higher risk of crashing , certain postcodes have more risks of theft.

 

[whitecrook]

sounds like one is an S5 and one is not. Problem solved?

 

[Armageus]

The value of the car shouldnt affect the quote because as long as the car is below 40k in value

The insurance rep said to me that if the A5 is 15k and the S5 is 30k that wouldnt affect the insurance quote, as long as the car value doesnt exceed 40k

Eh?

Whilst I appreciate the value of your car is only one part of the insurance risk (as opposed to value of others cars that you crash into, public liability etc). There is definitely a difference in premium depending on car value even if it is "baked in" to the model e.g. that a S5 will always be more expensive than an A5.
Insurers indirectly are always going to know the total value of all their assets that they are insuring for a worst case figure, but just that all cars are worth 40k.

 

[Azza]