Massive Car insurance costs?

[Shadowness]

Glad to see the 'you wont pay more at renewal' thing that was introduced working well.

 

[LuckyBenski]

Glad to see the 'you wont pay more at renewal' thing that was introduced working well.

I think it's been replaced with "Insurers will randomly dispel some of their customers by hiking the price beyond the market rate". It's bizarre.

 

[Ian_Eb]

Just redid mine and Direct Line went from around £550 to £1300, so ended up moving to Admiral for around £670

 

[wozzizname]

I've actually managed to gtet mine for less than I paid last year, though I've had to change insurer. Probably helps that I've now retired and don't need business cover any more.

 

[dirtychinchilla]

I'm getting crazy prices today. Over a grand from Direct Line, about £700 on price comparison sites, and my renewal with Admiral was similar. I guess my best shot is to call Admiral.

Anyone got any advice?

 

[pastymuncher]

This is bloody ridiculous. Just three years ago I was paying £156 a year for my 2017 Ford B-Max. Last year it increased to a whopping £320 and half way through the insurance year (Nov-Nov for me) I switched to a 2021 Nissan Leaf which cost me a extra £52 for the remainder of the year which would have made it £420 for the year. I have just got my renewal and now they want £585!! Thats with 20 years NCB and only 4000 miles per year. They are no better than a bunch of parasites, it's disgusting!! Now to shop around to see if I can get it cheaper anywhere else which I am not very hopeful of because RIAS has always been very competitive for me.

***Edit*** Just finished paying for my car insurance at a massively cheaper price. I went on Go Compare and my cheapest quote was £342 from a company I had never heard of plus it was a very basic cover with a high compulsory excess. I ended up paying £368 with 1st Central for identical cover to my current policy so a £217 saving showing that savings can still be had.

Being ex RAF I tried a Forces insurer, Forces Mutual who advertise in the RBL magazine and they wanted a gigantic £1650 a year!!

 

[dessimpson]

Just got insurance on a 2017 435d for £650 and 15,000 miles per year.
I had a no fault claim earlier this year so I'm guessing that didn't help me any.

*edit
52 yo with 10 years NCB on this car. Have one other car.

 

[Lemon]

My highly modified M2 Competition (630 bhp) was £1300 last year with Adrian Flux and a surprising £1100 this year. It's a CAT S too which bothers a lot of the modified insurers I tried, but Adrian Flux said they don't take it into account as long as it passes an MOT.

 

[dlockers]

Getting rage from prospective car insurance. I'm tempted to throw the towel in and go double salary sacrifice ev lol.

Aston db9 - 400 quid
M6 - 450

Diesel x5 - 1050
XC90 - 1300
Lexus rx450 - 1200

 

[theone8181]

Getting rage from prospective car insurance. I'm tempted to throw the towel in and go double salary sacrifice ev lol.

Aston db9 - 400 quid
M6 - 450

Diesel x5 - 1050
XC90 - 1300
Lexus rx450 - 1200

That's just a way of telling you which car should be driven the most (and through tunnels ).

 

[Will Gill]

I'm debating getting rid of the Q5 so just renewed on the S4, went up from £400 odd to £625 but I added the missus to the policy and she is 35 so I expected the policy to increase.

 

[Terminal_Boy]

My 2017 Duster is £600 a year fully comp out here in the middle of nowhere with 18 months no claims (door damaged in car park). I’m late 50s with a clean license, though I did get a £35 fine recently for being 2km/h over in an 80km/h zone.

 

[dlockers]

That's just a way of telling you which car should be driven the most (and through tunnels ).

911 gen2 was only 420

 

[theone8181]

911 gen2 was only 420

That would be a better drivers car, not sure it would sound as nice though. Maintenance would likely be a lot cheaper though .

 

[Rilot]

I just ran the numbers on my cars and surprisingly, the prices haven't changed much from last year.
Mazda CX5 - £430
Honda S2000 - £280

 

[visibleman]

One of the **** boxes renewals ended up being nearly £100 cheaper (was with Co-op), which is a first for me, and managed to save £120 on last years price shopping around. I still have the tax on it rogering me though, cest la vie

Edit - To add, someone last year told to me start shopping 23-28 days before renewal date and granted, a lot comes into play with insurance and this X days before renewal 'thing' could be complete guff, but it seems to be giving me reasonable, if not cheap, quotes compared to previously doing my usual shop around the week before routine.

 

[neoboy]

Had a significant increase last year anywhere I looked, this year renewal quote came in within few % of cheapest quote on comparison sites and dropped to around level it was 2 years ago.

 

[dave28]

Just redid mine and Direct Line went from around £550 to £1300, so ended up moving to Admiral for around £670

It should be illegal for insurance companies to suddenly ask well over double, the Government should step in to protect people from these rip off merchants.

 

[b0rn2sk8]

It should be illegal for insurance companies to suddenly ask well over double, the Government should step in to protect people from these rip off merchants.

Why? You are not required to renew with them.

It’s them simply saying they don’t want you has a customer anymore which is also fine.

 

[jpaul]

Best strategy to minimize cost of dual insurance with overlap between selling and buying a car ?

Currently with Aviva seems I could buy a policy for new car with zero ncd and within 14 days (if sold) can cancel that with minimal cost and then adjust old policy to new car, with it's full NCD,
cancelling after 14 days they charge £40;
this approach would not leave me with a 12month policy on new car at locked in rate though

OR remove NCD from current policy (negligible fee, but pay added premium cost) and attribute it to new car, then cancel old policy once it is sold