Massive Car insurance costs?

My 2024 m4 cost me £1100, which is still cheaper than the old £5k van I used for fishing (almost £1200)

Weirdly though, all of my NCD (5 years) is on my truck and I found out I couldn’t transfer the NCB from a truck to a car.

Then I discovered with quotes, that the difference between 0 and 5 years NCD was £15 cheaper a year…..

I used to think NCD meant quite a lot, but for me (42 year old, 21 year old license with 100% clean history) it doesn’t seem to mean anything…

I guess NCD only really helps for much younger/newer drivers?
 
Last edited:
Just got in touch with my old insurer today as needed to check it is not going to auto renew, they've offered an even cheaper quote than First Alt from earlier, now £320 so I am staying with them lol.
 
I wonder if the bad press, over the last few years, has cast insurers in an unfavourable light?

Now they can't use covid as an excuse.
 
Last edited:
My renewals gone from ~£930 to ~£980 despite no changes other than one more year no-claims.

Did a couple of quotes just before Christmas (4 weeks prior to renewal) and thought I'd just go with the insurers direct initially. Admiral was ~£1k. Did a Compare the Market afterwards and Admiral are ~£800. Just tried calling them to try understand why there's such a big difference but was a waste of time.
 
After the aggravation with Aviva & there renewal quote being £300 more than a new customer quote, I've now settled on Esure at £769 for the year.

Aviva are now refusing to quote for me even as a new customer, guessing my complaint has ruffled a few feathers & they've blocked me:D
 
Last edited:
Robzere31 said:
After the aggravation with Aviva & there renewal quote being £300 more than a new customer quote, I've now settled on Esure at £769 for the year.

Aviva are now refusing to quote for me even as a new customer :D
Click to expand...

I had that with Churchill. I was with them for years with my 2nd car as they were the cheapest. But this year suddenly they refuse to quote at all.
 
Not had a renewal notification through yet, seems a bit late so suspect I'm in line for a "Sorry we can't insure you this year"
 
Even though I got rid of my car recently, I still got a load of emails through from insurance compare sites and also a renewal quote from my current insurer.

Current insurer over £100 less than last year. Comparison sites best proces seem to be almost £200 lower.

Looks like last year's spike was an anomaly and prices are coming back down?
 
The motor insurance market is cyclical in nature, prices go up, car insurers actually make money for a year or two, prices go down as we fight over customers, we lose money for a year or two, rinse, repeat. The only thing that was a bit abnormal is the 'up' trend of the last two years was much sharper than you traditionally see, mainly driven by repair inflation.

With the positive news on the Ogden rate ruling, and the fact that everybody had a good year last year to build their war chests, all market analysts expect a general softening this year. Depending on which of the analysts you ask, it'll be somewhere between 5%-10% over the year.
 
Rids said:
The motor insurance market is cyclical in nature, prices go up, car insurers actually make money for a year or two, prices go down as we fight over customers, we lose money for a year or two, rinse, repeat. The only thing that was a bit abnormal is the 'up' trend of the last two years was much sharper than you traditionally see, mainly driven by repair inflation.

With the positive news on the Ogden rate ruling, and the fact that everybody had a good year last year to build their war chests, all market analysts expect a general softening this year. Depending on which of the analysts you ask, it'll be somewhere between 5%-10% over the year.
Click to expand...

That will be cancelled out by car tax increases. Just had my renewal through for my Saab 9-5. £415 for the year. My insurance for the car is under half that.

In a couple of years I need to find myself a late 80's estate with the 40 year rule and just enjoy a cheap dog hack.
 
I’d expect vehicle tax is likely to be the second biggest running cost of the vast majority of cars after depreciation going forward.

The ability to tax fuel is going out the window so the next easiest thing to tax is the car itself, particularly given a system for taxing the car already exists and is well established.

Fuel duty(+VAT) and VED is more than insurance for most people so I’d expect the VED element to be ramped up as fossil fuels are phased out of the market. VED is already £600 for a lot of new cars.

Roads pricing is all well and good in principle but the cost of implementing it across 30m+ cars is staggering (measured in billions) vs the cost of collecting fuel duty from a handful of producers (basically nothing). The more it costs to implement, the less it raises in actual revenue.
 
Last edited:
Eugh, good point. My project car (i.e. Doesn't leave the drive some months, not driven it further than a test drive in 18 months) costs only 200 to insure. Tax is 360 and rising! Car is worth 1k on a good day.

I've considered SORNing it til it's at least warm enough to do the next few jobs, it's costing a lot to sit there :(
 
Something like this would be perfect in 5 years. 0 tax. Classic insurance will be around £200. No M.O.T needed. 0 depreciation. 25mpg would be around £1200 per 5k miles or £116 a month including insurance.

Cruise control, climate, Quattro, 5 cylinder turbo noises, exclusivity you name it. :P

www.carandclassic.com

1990 Audi 100 Red Manual Right Hand Drive in United Kingd...

1990 Audi 100 Red Manual Right Hand Drive in United Kingdom - For Sale | Car & Classic, £11,991 Audi 100 C3 2.2 Turbo Quattro 4WD Avant E...
www.carandclassic.com www.carandclassic.com
 
Mine went up about £30 last year. Should receive the renewal notice any day now but a quick search on the usual comparison sites shows it down for this year.
 
I've just renewed mine for 25/26.

Lots cheaper than my 24/25 renewal, due to the ridiculous prices across the board back then, but still not back down to 23/24 levels.
 
I've been with the same insurer (Direct Line) for about 10 years. This year my renewal quote was over double. No reason. Clean licence. Same car, same address, leafy suburb. Always been cheap for insurance.

Left them and now insured for about £100 less (about 40%) cheaper than last year. Their loss.
 
You must log in or register to reply here.
Back
Top Bottom