Massive Car insurance costs?

Renewal in today for mine and wifes car. We on amulti car policy. Its increased £300 so time to run quotes and phone admiral try and get it down :(

Edit: Forgot to say what cars. Peugeot 3008 and a 2003 WRX
 
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Classic Blue Theme said:
Similar boat for me and my E43. It is due 09/09; so I am surprised I am not seeing a renewal already.
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Good luck on that one. As I mentioned earlier, I am with Axa on my E63S and it cost £479 last year, got a renewal quote from them and it was £973. Did a CTM quote and the cheapest came in at £882 for comparable cover so I went with that
 
Renewal came through for ours, trying to charge us double. Quick comparison site search was able to get it back down to last year's costs, so cancelled the renewal. Must be quite fortunate for us.
 
Posted this in the cost of living thread.

This year our car insurance cost has seen an increase of 45% - £673 last year, £974 to insure the same 3 cars for 2 drivers with max NCD on all cars.
 
Just saw that - not good - if I get a 20+% hike next renewal with them I'll unfortunately be going elsewhere which are still quoting prices at what I'm currently paying, 10% I might accept as I like the service I get overall.
 
Don't know where they get 20% from, we had a 60% increase on one car and nearly 80% on the other and both were cheapest with Admiral on renewal at 21 days (and checking again sooner). Literally nothing different, no claims and 9+ years ncb. It's mental.

Edit: that's not like £100 to £200 either, more like £450 to £800.
 
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The irony is that Admiral were the cheapest alternative provider for me but my current insurer (direct line) just edged them with better cover for the same price.
 
Had my renewal quote come through today

£874 last year upto £1225. Will shop some more but looks like it's still be £200 up on last year

I'm almost paying as much for insurance now as I was at 18.

I'm sure I'm being especially stung for the fault claim that's still got 2 years left before I no longer have to declare it
 
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Mines went up from £450 to £500. Though I didn't shop about, I did phone up and got it taken down from £550.

I remember paying £200 for a 182 at 22.
 
Motor insurance is an absolute con. I reckon that the low claims rates of the COVID era that led to bumper profits for the insurance companies has made them greedier than ever.

Yes, the cost of repairing a car has gone up, but even so, some of these premium increases for claim-free customers are shocking.

It's as if the FCA ruling on renewing customers getting the best price or better tempered them for a year or so, but since then they've found ways to factor in justifiable increases.
 
Frozennova said:
Had my renewal quote come through today

£874 last year upto £1225. Will shop some more but looks like it's still be £200 up on last year

I'm almost paying as much for insurance now as I was at 18.

I'm sure I'm being especially stung for the fault claim that's still got 2 years left before I no longer have to declare it
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Feeling the same, I paid around £500 when I first got this car in 2020 and it's slowly crept up each year - £720 last year and the lowest I can get this year is £816 if I link my home insurance.
 
Maccy said:
Feeling the same, I paid around £500 when I first got this car in 2020 and it's slowly crept up each year - £720 last year and the lowest I can get this year is £816 if I link my home insurance.
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I think I was paying similar when I bought this 2021, right after a total loss fault claim too. I was doing 40k miles a year at that point too. Shopped around, dropped my mileage down to 15k from 20k and added a parent back on (I shouldn't have to do this at almost 32) and I've actually managed to get it £40 cheaper than last year
 
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Stu999 said:
Admiral have lost 380k customers recently due to insurance price increases: https://www.bbc.co.uk/news/business-66521490
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They are going to price themselves out of the market. Admiral have always been bad afaik.

Car insurance is a huge con though. How can you insure a whole house and contents, including dropping a TV down the stairs for about 1/4 of a car.
 
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Nasher said:
They are going to price themselves out of the market. Admiral have always been bad afaik.

Car insurance is a huge con though. How can you insure a whole house and contents, including dropping a TV down the stairs for about 1/4 of a car.
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Quite easily when you don't have to cover medical bills and damage to anything up to the value of millions of pounds if you're unlucky enough to plough into a super car or buildings/Street furniture damage.
 
tom_e said:
Quite easily when you don't have to cover medical bills and damage to anything up to the value of millions of pounds if you're unlucky enough to plough into a super car or buildings/Street furniture damage.
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But one house worth a few million burning down is going to cost them that much in a day.
 
Nasher said:
But one house worth a few million burning down is going to cost them that much in a day.
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Yes but it's a known cost and therefore they can price accordingly, with cars they know what your car is worth but have no idea what you might then go on to write off for someone else.

I'd say it's also a lot less likely for a house to burn down than for someone to have an expensive bump.
 
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