Massive Car insurance costs?

[b0rn2sk8]

I've seen a lot of posts about high insurance costs for Tesla's so thought I'd take a look.

I ran some test insurance quote on 'Compare the Market'

• Tesla Model Y LR : Cheapest £2k
• Polestar 2 : Cheapest £750
• BMW iX : cheapest £900 (Car value £80k vs £40k for the Tesla).

The Tesla Y is over double the cost to insure - same address, occupation, mileage, history, excess etc..

Same for me.

My renewal went from £600 to £900 (model 3 standard range RWD). Cheapest on comparison sites was £860 but no window screen cover so no chance. Cheapest like for like was £900.

I did some quotes for:
Polestar 2 LR RWD £600
EV6 LR RWD £650
Ionic 5 LR RWD £650
Mach-E LR AWD £700

Model Y LR AWD £1200

The 1.6 diesel hatch and MX-5 we were insuring 2-3 years ago were under £250 each

 

[Wizzkidy]

Yea my M3P went up from £650 to £950!!!

Never had a crash but have got 3 points

 

[Pooh]

Wait until you see the screen excess on a tesla model 3

 

[wesley]

Screen? You mean windscreen?

 

[413x]

Popped mine in. It's act gone up a lot. Or will.

250 to 300!

Thats quite a percentage bump!

 

[sither]

looks like almost all of us getting the price hike.

 

[b0rn2sk8]

Wait until you see the screen excess on a tesla model 3

I think you meant to say it’s £75/£100 like any other car….

Its not even an expensive screen to pay out of pocket for, it’s pretty bog standard these days.

 

[RockLobster]

Thought I would look at a quote for the Model Y. 20 NCD. 45 years old. £850 for normal or £1050 long range. Crazy prices. I have an old Suzuki SX4 that’s costing me £160.

 

[theone8181]

I get people's quotes will vary based on own details - higher/lower etc..., this is comparing the costs between cars using the same location and other details,

Model 3 LR is coming out at £1.5k

Tesla Insurance around 50-100%+ higher than other EV's !

Oh yea I know they'll change, just found it funny for me the ix was more . I honestly think it's monkey's throwing darts with some of these rates.

 

[sither]

Oh yea I know they'll change, just found it funny for me the ix was more . I honestly think it's monkey's throwing darts with some of these rates.

Nothing adds up I have done some stealth quotes sane car and a lot cheaper until you put the reg in

 

[Maccy]

So it turns out if can save about £100 if I link Admiral car and home insurance, and as I already have home insurance with them I’m hopeful I can call them up to arrange this. £816 might be the lowest I can get it to this year

 

[tom_e]

I'm toying with the idea of bumping my excess right up and then spending a couple of quid on excess insurance. Saves me nearly £100

 

[kona786]

With Sterling I had a decent chap on the phone and he 'persuaded' me that i was part of a car club... And that knocked of a 100 quid.

Try that.

 

[Spleen Sauce]

I was expecting to be destroyed with insurance costs for the LR Disco 5 we recently got. GoCompare etc all around £800 for a year. Added it to my Admiral multicar, cost £170 until March next year. Amazed.

 

[kindai]

My renewals just came through.

£100 more this year than last for both cars, I can live with that.

Hit the button on gocompare and comparethemarket and they both returned 0 results!

Will ring around a couple of companies tomorrow but have heard similar from other supercar owners that companies are just not quoting at the moment.

 

[Freakbro]

To confirm what we all know anyway

Car insurance hits £500 a year for average UK driver

Inflation and rising vehicle repair costs to blame as average premiums soar, according to the industry.

www.bbc.co.uk

 

[Haze]

To confirm what we all know anyway

Car insurance hits £500 a year for average UK driver

Inflation and rising vehicle repair costs to blame as average premiums soar, according to the industry.

www.bbc.co.uk

OP doesn't he lives in cave, cut off from the outside world

 

[Armageus]

My renewal came through - £1.64 cheaper than last year. £206.32 with Ageas, so I'm not even going to bother shopping around

 

[bash247]

Just ran a quote and mine hasn't changed with my current insurer - Aviva

 

[jaybee]

Renewal through for me...
Last year £160
This year £250
Going to get some search engine quotes and do my usual and go with whatever cashback deal is offering the best.