Massive Car insurance costs?

AWPC said:
insurers tell me its because they are now getting massive cost increases (from EV's & more cars on the roads than ever before I am guessing!) so everyone has to cough up apparently :rolleyes:
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That's their scapegoat. But as with every other giant conglomerate at the moment, it's a complete lie to cover yet more corporate greed.

Admiral Group (Admiral) has disclosed a notable 23% surge in its pre-tax profits, climbing to £442.8 million for the year 2023, up from £361.2 million in the preceding year.
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www.insurancebusinessmag.com

Admiral Group reveals significant turnover increase

Executives unveil strategy behind financial success
www.insurancebusinessmag.com www.insurancebusinessmag.com

Admiral was the the first hit, but it's a similar story across the board
 
I managed to get my GR86 down to £432 for the year. My original insurer was the cheapest but added £250 voluntary excess to knock 70 quid off. I guess you have to roll the dice sometimes.

There were some comparable quotes but they offered less and had stupid high excess in 500-600 range.

Even still it is a £130 uplift on last years quote albeit the car was only on the policy for 7 months so might have been less.
 
AWPC said:
Yep way better than mine! Over £1300 despite never ever having a single claim in my life! up from just over £700 last year when my RS was brand new :eek:.....insurers tell me its because they are now getting massive cost increases (from EV's & more cars on the roads than ever before I am guessing!) so everyone has to cough up apparently :rolleyes:
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I think I'm getting a decent rate partly because I've been a customer for 8 consecutive years with Greenlight and never made a claim, shame I'll probably be leaving them this year because I want a BMW and they won't touch them regardless of whether it's a 116d or M5.
 
I was dreading this years renewal..

Mine went from 423 to 823 last year so this year would have been easily over £1000 which is eye watering.

Thankfully circumstances recently changed and have been able to sell my car and cancel the insurance.

£29.50 Admin Fee :eek: It’s absolutely bonkers what we have to simply accept and pay.
 
Azza said:
www.theguardian.com

UK car insurance premiums rise by 34% – and far higher than in rest of Europe

ABI reveals industry payouts for claims have risen at far lower rate, raising questions about value of policies
www.theguardian.com www.theguardian.com
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Isn't that a little bit like comparing apples to pears? The UK like a good old monthly rental compared to places like Spain or France when it is more common to buy a car and keep it for years. The UK car market is completely unique to continental Europe as well.
 
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Friend had his M2 comp nicked from the road last night, suspect it was the key relay tactic. He’s out looking for it but I don’t think he’ll have much luck sadly :(
 
Maccy said:
Friend had his M2 comp nicked from the road last night, suspect it was the key relay tactic. He’s out looking for it but I don’t think he’ll have much luck sadly :(
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Was the key in a Faraday pouch? They tend to stop working after a couple of months apparently, with the constant wear of the key.
I'm guessing his next insurance quote will be very painful.
 
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I use a metal tin for my spare key and a proper Faraday box for my main key.
Saved my car a couple of times in the last 3 years.
(Saw video clips of the thieves with their antennas walking around my home lol)
 
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Uther said:
The pouch, the protective layer wears out with the constant taking key in and out. I paid out extra for a Vonnetti box for that reason as I didn't like the reviews for the pouches.
I'd guess most people don't even know it's not working unless they test it out regularly.
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Buy some lead flashing from screwfix and coat the outside of a box with it, that aint gonna wear out.
 
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