Massive Car insurance costs?

Conscript said:
Girlfriend was insured with them, and we had a nightmare with the quality of work conducted by their "approved repairer" when someone crashed into her parked car a few winters back. Basically came back with obvious structural damage untouched. I'd rather try and avoid them in the future.

EDIT: Just re-checked my comparison quotes and realised they were all including a £250 voluntary excess. Current provider's renewal (Christ Knott) is based on a £0 voluntary / £200 compulsory excess. Adjusted the comparison to remove the voluntary excess, which closes the gap...but still includes £350 compulsory excess at a minimum, making it harder for me to get CK to price match. I might ring them up and see if adding a voluntary excess will lower the premium.
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Just phoned up and got the renewal down from £801 to £631. They don't price match Admiral group, but it turns out that I still had my parents as named drivers (70 and 74), added a few years ago purely as a renewal reducing exercise. Now it seems to be having the opposite effect, so removing them and also reducing my annual mileage slightly from 10K to 8K miles dropped the renewal price.

Happy with that. Still miss the days of paying ~£300 a year, but it's slightly less than last year's premium at least.
 
Hard to fully estimate reasons as we've just sold our secondary car meaning we're stopping a multi-car policy (which gives discount across) and updated status for both drivers having regular access to just 1 car now but the best quote I've been able to get is ~20% increase over last year. That's after a 50% increase last year :confused:
 
Had been with same insurer for about 4 years as they'd always drop renewal price when contacted to match similar offers from comparison sites.

This year they weren't willing to budge and had put price up by about 35%, so ended up cancelling and moving elsewhere.
 
It's about time some insurer comes along with a reasonable budget insurance. No unfixable EVs, no limitless courtesy car, no minor ding write-offs. Your cover for total loss of the car is X, that'll cost you Y per year. I'd be up for that
 
d_brennen said:
It's about time some insurer comes along with a reasonable budget insurance. No unfixable EVs, no limitless courtesy car, no minor ding write-offs. Your cover for total loss of the car is X, that'll cost you Y per year. I'd be up for that
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Need to factor in the cost of 3rd parties though
 
My renewal just came through - approx. £16 a year per vehicle cheaper than last year - I'm actually a little surprised. Looking around looks like only one vehicle would be cheaper to renew elsewhere at anywhere reputable (and not by much) so not worth it vs the hassle and it might affect the multicar offer anyhow.
 
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d_brennen said:
It's about time some insurer comes along with a reasonable budget insurance. No unfixable EVs, no limitless courtesy car, no minor ding write-offs. Your cover for total loss of the car is X, that'll cost you Y per year. I'd be up for that
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It's all well and good that you're happy with no frills, but if you're at fault in an accident, the other drivers insurance will bill your insurer for the maximum possible.

We need a price cap on courtesy car costs. It's insane that they're allowed to bill hundreds per day, way above the market cost.
 
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The issue with very repairable EVs being written off was because of their scrap value and lead time on some parts, not that they couldn’t be repaired.

The higher the scrap value, the more likely the car is to being written off because of the total value of the claim after hire car costs.

The way to get round hire car costs is simple. Set caps on costs per segment and once liability is an agreed, the insurer who is ultimately paying has the right to take over the supply of the hire car so they can manage the cost more effectively as it’s in their interests to do so. That may mean it needs to be swapped but it’s a small inconvenience in reality.
 
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sigh...another year, another NCB year and no change to circumstances, and yet another increase. :(
£650 -> £950 -> £1100 (cheapest i can find with protected NCB)
what a pee take
 
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tamzzy said:
sigh...another year, another NCB year and no change to circumstances, and yet another increase. :(
£650 -> £950 -> £1100 (cheapest i can find with protected NCB)
what a pee take
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My 440i is already over the £1000 mark, if it goes up again at renewal, i'll probably move it on - it's a fantastic car but I can't justify throwing much more at it than I already am to keep it
 
Kenai said:
i'll probably move it on - it's a fantastic car but I can't justify throwing much more at it than I already am to keep it
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i did consider, but i think the overall cost (to sell and buy another car that's probably lesser spec, and that having a new to you car is also part of the insurance risk assessment) isn't worth the hassle
and of course, for my 440i that has been flawless so far, it's better the devil you know
 
Car insurance is such a scam :(

My insurance was coming down nicely year on year, £1850 > £1600 > £1300 > £1050 > £900 > £750.. In my late 30's now, 10+ yrs no claims, decent(ish) postcode, then BANG some utter clown doing 50mph in a 30 crashed into my empty, parked car outside my house, wrote it off! I then get payed out via a non-fault claim and go buy the same model car (albeit a couple years newer but still the same F82 M4) and can't get insured for less than £2000 now!! as I have to declare a claim... Considering I wasn't even in the car, it was parked up and had been for 3-4 days.. I was in a different city at work!

How does that make me more risky? complete con.
 
tamzzy said:
i did consider, but i think the overall cost (to sell and buy another car that's probably lesser spec, and that having a new to you car is also part of the insurance risk assessment) isn't worth the hassle
and of course, for my 440i that has been flawless so far, it's better the devil you know
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I would almost certainly change car fairly significantly, I know if I just tried to find something similar it'd only end up feeling a disappointment in comparison unless I threw fortunes at it, which I don't want to do really with something primarily used for commuting.

Mine has also treated me very well in the reliability stakes but i'm looking at it more as a potential 'quit while i'm ahead' scenario :p
 
StonedPenguin said:
Car insurance is such a scam :(

My insurance was coming down nicely year on year, £1850 > £1600 > £1300 > £1050 > £900 > £750.. In my late 30's now, 10+ yrs no claims, decent(ish) postcode, then BANG some utter clown doing 50mph in a 30 crashed into my empty, parked car outside my house, wrote it off! I then get payed out via a non-fault claim and go buy the same model car (albeit a couple years newer but still the same F82 M4) and can't get insured for less than £2000 now!! as I have to declare a claim... Considering I wasn't even in the car, it was parked up and had been for 3-4 days.. I was in a different city at work!

How does that make me more risky? complete con.
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You're more risky because the car is presumably parked in the same place so there's a chance another numpty will come along doing 50 and hit your car again. Plus as others have said, insurance costs are going up also.
 
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My turn for renewal. Waiting on the invite from my current provider but I've gone ahead with some comparison quotes in preparation.

Diesel Mondeo
8 years NCB
PCV licence holder
Decent area

April 2023 saw a 3 car collision, which ended up with all 3 written off, 2 were less than 3 month old.

Quotes are TREBLE what I paid this year.

I mean I wouldn't ever drive without it but I'm starting to get why people do.
 
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