Massive Car insurance costs?
- Thread starter MatsyLR
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Soldato
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Changing my car on Saturday and had quite a shock when getting quotes, my previous car was quite cheap to insure, the new one is significantly more which is annoying given my driving history but it is what it is
Contacted insurance yesterday to sort things out.
Seems like an old issue has cropped up again.
3 years ago Mrs had a bump and rather than allowing us to deal with it outside the insurance (£450 bill) the 3rd party insisted on insurance (which bit them in the bum afterwards)
Mrs's insurance incorrectly listed me as the driver at the time (named driver to pull her costs down).
I found out when it was renewal time. Mrs contacted them and they said that they'd correct it and provided a letter for my insurer.
A year later and come my renewal, still showing as me as the at fault driver. Ombudsman involved and the company was ordered to remove the filing.
It seems they haven't done this so I've contacted Ombudsman again, just awaiting their response. Hopefully it's going to be legal action because then it's a court filing and then the courts will make the change on the database
Seems like an old issue has cropped up again.
3 years ago Mrs had a bump and rather than allowing us to deal with it outside the insurance (£450 bill) the 3rd party insisted on insurance (which bit them in the bum afterwards)
Mrs's insurance incorrectly listed me as the driver at the time (named driver to pull her costs down).
I found out when it was renewal time. Mrs contacted them and they said that they'd correct it and provided a letter for my insurer.
A year later and come my renewal, still showing as me as the at fault driver. Ombudsman involved and the company was ordered to remove the filing.
It seems they haven't done this so I've contacted Ombudsman again, just awaiting their response. Hopefully it's going to be legal action because then it's a court filing and then the courts will make the change on the database
My Sterling cover ends on 22nd Jan, just did a quote comparison and First Alternative came cheapest at £382 which is £20 more expensive than last year. Inflation!!!!!!!
Anyway got £35 cashback by going via Top Cashback so reclaims the increase in a way
Another year we go.....
Anyway got £35 cashback by going via Top Cashback so reclaims the increase in a way
Another year we go.....
Associate
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Thats great since covid my insurance went from £400 to £800First time in my life, my renewal quote is the cheapest quote... Last year over £600, renewal came at £300.
Associate
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My old car was sold a year ago for £1600, I had built up 5 years no claims, insurance was going down until post covid when it shot up (why the thread was created etc) until it went from (annual) £350 to £660. So I was paying roughly 40% the value of the car per year.
I prefer to get all the extras btw, hire car, legal, breakdown.
Renewal coming up end of Jan for Kona Electric, last year was £1100 with Admiral and so far the best quote is £1050 with Tesco.
Just tried Direct Line that was £1580
Tescos it is! I guess I should be grateful it's not going up any further? I assume the insurance companies realise they have us by the balls and can do whatever they want etc.
I prefer to get all the extras btw, hire car, legal, breakdown.
Renewal coming up end of Jan for Kona Electric, last year was £1100 with Admiral and so far the best quote is £1050 with Tesco.
Just tried Direct Line that was £1580
Tescos it is! I guess I should be grateful it's not going up any further? I assume the insurance companies realise they have us by the balls and can do whatever they want etc.
Soldato
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- 18 Oct 2012
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welcome to late stage capitalism my freind.
private companies, who's sole purpose for existence is to maximise profit (and therefore shareholder returns) who combined have a monopoly on a service legally mandated by government.
in a sensible and sane world, that government would be setting rates by offering a state service that constitutes the bare minimum to satisfy the legal requirements of being insured at a rate determined purely on cost, but sadly such a world is not the world we live in.
Associate
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- UK
Damnit it I knew it! tbh I doubt I will get anything more fancy car wise due to the crazy car insurance cost, but maybe that's a good thing, the want/spend/capitalist cycle ends now! Fight the power!
The only reason it's £50 less btw is due to the Clubcard saving! It started at £1000 making me think that's a good deal (lol) until I added hire car, legal and breakdown cover. Apparently their website doesn't want my money, seemed to be having a few issues so will try calling them tomorrow.
Telematics quote was £750 btw but surely that's just trolling EV owners I assume I would get a text saying I'm no longer insured after the first set of traffic lights.
The only reason it's £50 less btw is due to the Clubcard saving! It started at £1000 making me think that's a good deal (lol) until I added hire car, legal and breakdown cover. Apparently their website doesn't want my money, seemed to be having a few issues so will try calling them tomorrow.
Telematics quote was £750 btw but surely that's just trolling EV owners
I assume I would get a text saying I'm no longer insured after the first set of traffic lights.
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Why are you adding all that optional cover?
Ask yourself if you really need it.
For example, most policies come with a basic hire car, the extra cover is usually a like for like car in the case of a fault claim. If the accident is non fault, the other party pays for a hire car regardless.
You can usually get comprehensive breakdown cover elsewhere for less.
Do you actually need legal cover?
Ask yourself if you really need it.
For example, most policies come with a basic hire car, the extra cover is usually a like for like car in the case of a fault claim. If the accident is non fault, the other party pays for a hire car regardless.
You can usually get comprehensive breakdown cover elsewhere for less.
Do you actually need legal cover?
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That time of year again & just had my renewal quote through from Aviva for my M440i @ £1046
Went on the comparison sites & same company & same details they have quoted £771!
Just tried Adrian Flux & there best quote is a frankly ridiculous £1580.
Edit
Well just spoken to Aviva to enquire why a new policy quote online is £300 cheaper than my renewal quote & they will not entertain the fact this is an issue & waffle on about insurance prices increasing in general.
When I asked about matching the online quote they say we don't price match, when I pointed out that the cheaper price was with themselves the reply was "we don't price match"
Looks like I'm looking for a new insurer!
Went on the comparison sites & same company & same details they have quoted £771!
Just tried Adrian Flux & there best quote is a frankly ridiculous £1580.
Edit
Well just spoken to Aviva to enquire why a new policy quote online is £300 cheaper than my renewal quote & they will not entertain the fact this is an issue & waffle on about insurance prices increasing in general.
When I asked about matching the online quote they say we don't price match, when I pointed out that the cheaper price was with themselves the reply was "we don't price match"
Looks like I'm looking for a new insurer!
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Hi there
My admiral multi-car policy has reduced:
600 LT - £500 (£667 with Briony named driver)
Alpine A110S - £489 for us both (this one went up a little)
Cayman R - £375 for us both
Audi R8 - £316 for us both
Pretty pleased with that Alpine A110S is for sale so that won't be on cover for long.
My admiral multi-car policy has reduced:
600 LT - £500 (£667 with Briony named driver)
Alpine A110S - £489 for us both (this one went up a little)
Cayman R - £375 for us both
Audi R8 - £316 for us both
Pretty pleased with that Alpine A110S is for sale so that won't be on cover for long.
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I'm assuming these are all on fairly low milage policies?
assuming you've used a different name etc so you can't just buy this and cancel the current aviva insurance?
That is an option & one I might end up doing, however the thing that really annoyed me was the lack of acknowledgment that the renewal quote was so much higher than a new customer quote.
On the renewal quote it even states, "this is the best quote so there's no need to contact us to get a better deal"
Going to look at a few other providers, but already looking at the usual suspects they are more expensive.
Adrian Flux £1580
LV £1475
Admiral £1120 with a £1000 excess!
Tesco £1090
Churchill £1017
Co-op refused to quote
if you used all the correct details then i'd just go ahead and cancel and buy the £771 insurance
whilst there's a human (hopefully) at the end of the phone, you'd just have to put your clinical and rational hat on and take feelings out of the equation
Do you have miles set to 5K or less annually as I was told it makes a huge difference to quotes! Anything over 5K on exotica they consider a daily driver LOL!
I have a clean licence. Admiral multi car are charging me £2K for 2022 Renaultsport Megane + 2024 Lotus Emira (both similar amounts as I have miles set to 8K+10K). Was told if I set to 5K it would reduce by a lot.........!
600 LT - 4000 miles
A110 - 6000 miles
R8 - 5000 miles
Cayman R - 6000 miles
Changing mileage does not make a big change to be honest.
Just use their online portal I’ll maybe have a play tomorrow and just set every car to 10k miles to just see how it impacts it.
For example changing Alpine from 6000 down to 1000 miles reduced premium by a further £30 so makes little difference on that car but I’ll have a play but mileages set of realistic for my use across different cars and you can change at anytime during policy if needed to add more miles.