Yes, it's due to inflation. That's exactly why is gone up.
Stuff (cars, repairs, medical, legal etc etc) had gone up. Yeah I'm sure there's some profiteering as well. But base costs have also gone up.
Massive Car insurance costs?
- Thread starter MatsyLR
- Start date
Yes, it's due to inflation. That's exactly why is gone up.
Stuff (cars, repairs, medical, legal etc etc) had gone up. Yeah I'm sure there's some profiteering as well. But base costs have also gone up.
They should be targetting those with 2-3 claims on their insurance and points with higher costs, not those with no claims and no points. My arguement was more centred around renewal quotes, there is no need to go from a £41 a month policy to a £75 a month policy, who in their right mind would do this ? its almost double. There is no valid reason at all why anyone would want to sign up to a policy which is costing almost double that what you were paying for the same type of policy, inflation or no inflation, renewal quote or new policy.
Holding high no claims means nothing these days.
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Well as I expected, renewal has come through from Admiral for my car and home insurance - they want £936 for the car!After an hour on the phone to Admiral yesterday, I've managed to combine home and car insurance - they wanted ~£65 to cover me for 40 days which will then match up with home renewal date in October. I just wanted to pay for a year but apparently it doesn't work like that, but the guy on the phone did a rough calculation and reckoned it would make the full year come to about £595...I very much doubt it as the cheapest quote I've had is £840
Thankfully I've run some quotes and found Aviva at £754 (who I was with last year, and wanted over £1k for the renewal this year!) so I'll be going back to them!
Tried Adrian Flux and a few specialists, none of them could get below £2k.
After 3 calls to hastings today,
currently paying £41 per month with them , they said the auto renewal would have been £75 (err no), requoted, best they could do was £54, they were not going to budge from £54, but managed to get them down to £49, best i could do. This is a premium cover.
Cheapest on the comparison sites was £48 for an essentials cover (no breakdown, no driving other cars, no windscreen etc)
I guess it could have been worse.
currently paying £41 per month with them , they said the auto renewal would have been £75 (err no), requoted, best they could do was £54, they were not going to budge from £54, but managed to get them down to £49, best i could do. This is a premium cover.
Cheapest on the comparison sites was £48 for an essentials cover (no breakdown, no driving other cars, no windscreen etc)
I guess it could have been worse.
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Soldato
You'd save even more by not paying monthly.
Man of Honour
You could effectively get a month for free, why wouldn't you? Or at least stick it on a 0% CC and make some interest on your money
You’re complaining about paying more for your insurance but then pay more to pay monthly despite being able to afford an annual policy?
I was complaining about insurance companies and the auto renewal quotes.
IE going from paying £41 a month to them requoting an excessive £75 a month. Why bother when they will end up loosing your custom to another provider .
It targets a specific set of people who would not normally fight the renewal and just accept it .
I also think it unfairly targets drivers who have good records
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I can't remember APR for hastings.
I didn't bother with admiral in the end as they were messing me about on the phone saying this produxt doesn't include breakdown when the website stated it did
I do have my home insurance with admiral
Took 3 -4 phone calls but managed to persuade Hastings to keep my custom
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Associate
Got my renewal through. £250 ish last year now £310. Checked gocompare and cheapest there just over £400 (still got pending claim from 14 months ago. My insurer know eventually it will go my way but other companies assume I'm at fault I assume...)
Ouch. Big jump for no real change in a year. I thought all the delays people mention above were slowly clearing so would have been more of a factor 12 months ago, but clearly no.
FluffySheep
Ouch. Big jump for no real change in a year. I thought all the delays people mention above were slowly clearing so would have been more of a factor 12 months ago, but clearly no.
FluffySheep
Associate
17yr old son just passed his driving test today... so been looking at options for his peugeot 107... looks like about 1.4k with single payment and black box.... guess he'll have to be really careful about his speed with that installed so a good thing I suppose.
Why pay less when you can pay more?
Did you call Admiral? I tweaked excess and car future value; got it down to £800 odd from the originally quoted £1k.
Soldato
It's more how hard you accelerate and brake, than speed itself. Though in a 107 he's unlikely to be pushing 0-60 time records...
What about with a cone filter and K&N stickers?
do you think premiums are that sensitive to value you declare ( they have glasses guide - unless you have some kind of independent evaluation - maybe they increase premium if you give unrealistic value, though )
equally the discussion on years of no-claims, even those seem a bit redundant if you have to declare recent claims anyway - lots of duplication just to trap those with inconsistent stories.
Admiral is one of the few insurers who over the phone can "guide" you to positive decisions. I guess they see a screen with a lot of the toggles pre-valued... He led the witness to "revalue" his car and it worked....then suggested my excess was too low etc etc...
I think I went from a 32k valuation to 31500 and it took about 40 quid off...
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I have a reminder set to do comparisons 30 days before my policy expires. Even this year I've found that be doing that I can at least match or beat my previous years premium. The incumbent insurer then shocked Pikachu faces me every year when I tell them how much I've renewed for (usually 30-40% less than their best price).