Mine was 396 when paid all at once now 700 monthly or 650 if I pay all at once!
Massive Car insurance costs?
- Thread starter MatsyLR
- Start date
Gave them a call, best they could do was drop to £1205 across both vehicles, mentioned the quote I had elsewhere - they didn't seem to care and actioned the cancellation.
Soldato
My renewal is £561, whereas last year was £404.
Bad, but not as wild as I had been expecting after what I’ve been reading and hearing.
Yet to do my usual check on comparison sites before committing.
Bad, but not as wild as I had been expecting after what I’ve been reading and hearing.
Yet to do my usual check on comparison sites before committing.
Sadly I guess that'll be where I am at with Admiral
bit of faff annoyingly but I've found one of the employee benefits through work for insurance is slightly under what I currently pay, not enough for me to bother changing if the renewal came back similar but means any messing about and I'm gone. If Admiral just wants these customers gone they could have the decency to handle it better up front and give people a timely heads up.Shame because so far my experience with Admiral has been really good surprisingly.
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I'd still recommend Admiral, price rises aside. I had a lot of back and forth with them around various changes while selling/buying two vehicles last year and my wife changing jobs and also amending some no claims information. Twice they automatically sent me substantial refunds off my premium as a result of my few changes without me requesting them. My experience with other insurers would normally mean they charge me for the changes and hike the priceSadly I guess that'll be where I am at with Admiral
Shame because so far my experience with Admiral has been really good surprisingly.
If Admiral had been within 10% of last years price, i'd have stayed.
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Soldato
That's exactly what I had with Admiral last year when selling one of my carsMy experience with other insurers would normally mean they charge me for the changes and hike the price
Car A premium went back up due to no multi cover discount, plus an admin fee. It ended up being a £25 refund after cancelling 6 months of insurance, which seemed paltry.I did wangle getting my 3 year NCD being given back though. For some reason they calculated it would be cheaper to use the one year I had on the other vehicle, than my 3 years. So that freed it up to use on my next car!
So I’m currently going through the process of selling my 2017 Fiesta ST3 and buying a 2020 Golf R. I’ve read all the horror stories regarding the insurance costs on the Golf and had prepared myself for the inevitable increase in insurance premiums. Reading up online and doing insurance quotes on the comparison websites suggested I wasn’t going to get much change out of £1300.00 for the year. For comparison the Fiesta is £440.00. So I run a quote with my current insurer and they have come back with…………… £505.00 for the year. I am definitely shocked but not for the reason I thought I would be.
Soldato
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It's a shame they're binning off the fiesta, my Mrs loves her St 3 too (19 plate). She's not sure what to change to, the golf seems very expensive (to buy) imo.
Soldato
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fiesta sized car.... looks wise I am a fan of the 208. prices starting at 20k. it's the electric one I would go for mind you but not new as they are north of 32k (it's ludicrous that there is a 12k (60%) premium on going electric these days on a small car).
2nd hand tho 15k gets you a 3 year old one .. still not cheap but if you can charge on intelligent octopus you are looking at 20% of the fuel costs of an ICE which pulls some value back
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I love driving the fiesta but I’ve had it for five and a half years at this point and I just fancy a change.
Paid £14k for it at 12 months old and 4500 miles on the clock. I’ve been offered £11k part ex. I could probably get more selling it private but I really can’t be bothered with the hassle. £3k in depression in 5.5 years is nothing really.
Soldato
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Not too shabby.
Pure greed. Insurance companies are not alone in it though
-> Increased garage repair costs
-> Less availability of parts, leading to longer use of hire cars on claims.
-> Increased regulation requires more resources to ensure compliance
-> More people not insured - this now costs the industry ~£500m per year
-> Cars now cost more, so claim cost has increased.
-> Car insurance prices have been stagnant for about 3 years, so increases in line with inflation were due anyway.
Car insurance isn’t a line of business where companies are making a lot of money - e.g. Direct Line Car Insurance lost £70m last year
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Soldato
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Have all these gone up by 50% in the last year though?
Soldato
Man of Honour
Also it's a cumulative effect of all the things listed rather than them all having to go up by 50%
I was quite lucky this year. I have a BMW with a couple of modifications and was expecting the worst. Last year was £510. New quotes this year were £1100+. My renewal came through at £650. Snapped that up straight away. £400 excess though...
Soldato
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- 10 Oct 2006
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The parts prices have more than doubled in some cases, my mum's car was hit by a bus when parked and needed new wing, bumper and door. The 2 month delay for the parts and the price increasing doubled the repair cost and the hire car rental out to over 3 months. If the insurance company had known the true cost at the start the car would have been written off as the claim came to 13k ish on a car that we sold after she got it back for 9k (she was changing it anyway). The original estimate with hire car was approx 6k with a 10-14 day turn around.
I'd expect would be a straight total loss if it happened now with the insurance company now paying out 9-10k rather than a claim of around 5-6k if it was parts prices/availability were historic levels. So you can see why prices are going up.
I'd expect would be a straight total loss if it happened now with the insurance company now paying out 9-10k rather than a claim of around 5-6k if it was parts prices/availability were historic levels. So you can see why prices are going up.
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