Soldato
That's decent, Admiral is 1000 miles over 3 months. I'm not sure I'll cover it, especially if I forget to enable GPS a few times!
Massive Car insurance costs?
- Thread starter MatsyLR
- Start date
Here is one if the biggest accounting and audit firms in the world.
UK motor insurance results analysis
EY analysis shows the UK motor insurance market experienced its worst performing year in a decade in 2022, with further losses expected this year
www.ey.com
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Should be but it’s obviously not when premiums are going through the roof
Ours is due for renewal in January, we have one car, a 10 year old Focus.
No claims, 15 years ncb and neither of us have any points. Last year we paid £194 this year the comparison sites are giving the cheapest prices rather than direct at £427 with a much higher excess as standard. That’s a 120% increase.
No claims, 15 years ncb and neither of us have any points. Last year we paid £194 this year the comparison sites are giving the cheapest prices rather than direct at £427 with a much higher excess as standard. That’s a 120% increase.
I didn't realise we had thread to discuss getting bent over the barrel by insurance companies.
Mine was £560 last year with LV. The renewal was £821. I couldn't find anything cheaper with a comparison site. I also feel like insurance companies charge extra just for renewing near Christmas.
Mine was £560 last year with LV. The renewal was £821. I couldn't find anything cheaper with a comparison site. I also feel like insurance companies charge extra just for renewing near Christmas.
I feel your pain, my car insurance due on 23rd Dec for as long as I've been driving..... £380 to £580 this year, no changes.
I did read car theft is up 60% with 130k stolen in 2 years.
They do not. Infact having a renewal around November / December is probably the best time of year as this when a lot of the big insurers go policy chasing, actively lowering prices compared to prior months in order to hit customer aquisition targets.
It was a few years ago but I did a test. As I moved my policy start date back towards Christmas my insurance price would increase. From memory it was cheaper to have my new insurance start about 1-2 weeks from the date of purchase than to try and push it back further.
As for customer acquisition targets do they not set those targets based on the financial year rather than calendar year?
A company can set its financial year run from and to what ever dates they feel like. Most are 31Dec or 31Mar but if they wanted it to be 27July, they can. For example, an educational institution would normally use the academic year for their financial year.
It’s only individuals that has a fixed financial/tax year.
It’s only individuals that has a fixed financial/tax year.
Don
Renewal has just come through for our Kuga with LV - gone from £303 to £523 (Excess has also changed from £350 to £450).
Sad part is will probably have to suck it up, as cheapest on CompareTheMarket was £426 with actual reputable insurers being around £518 anyway
Edit:
1% saving going from 7 to 8 years NCD well and truly offset by the other increases
(5->6 years is pretty depressing on LV's table as well)
Edit Edit:
LV Have just sent through another link detailing the reasons behind price hikes:
www.lv.com
Sad part is will probably have to suck it up, as cheapest on CompareTheMarket was £426 with actual reputable insurers being around £518 anyway
Edit:
1% saving going from 7 to 8 years NCD well and truly offset by the other increases
(5->6 years is pretty depressing on LV's table as well)
Edit Edit:
LV Have just sent through another link detailing the reasons behind price hikes:
Car insurance renewal explained
www.lv.com
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Got my renewal price from Hastings last month; last year's price was £270, this year's was £405. I did the usual routine of running a new customer quote on their website but this time the price was identical, so clearly the change in rules preventing them from offering lower prices to new customers have fully kicked in now.
I then ran some quotes on price comparison sites and only one policy was cheaper: Miles by Churchill which requires you to adhere to the number of miles you tell them you'll do and they fit a black box/OBD device. Didn't fancy that idea at all and was ready to suck it up and pay Hastings the £405, when I saw their renewal page has a "Decline renewal price" button. Decided to click it just to see what happens, where it then asks for the price of the quote you've decided to go with instead. Typed in the Miles by Churchill price assuming they'd need to compare details and have someone call me to point out why it's not a fair comparison, but instead it instantly gave me the lower price of £310.
Makes me wonder how much lower it could have gone...
I then ran some quotes on price comparison sites and only one policy was cheaper: Miles by Churchill which requires you to adhere to the number of miles you tell them you'll do and they fit a black box/OBD device. Didn't fancy that idea at all and was ready to suck it up and pay Hastings the £405, when I saw their renewal page has a "Decline renewal price" button. Decided to click it just to see what happens, where it then asks for the price of the quote you've decided to go with instead. Typed in the Miles by Churchill price assuming they'd need to compare details and have someone call me to point out why it's not a fair comparison, but instead it instantly gave me the lower price of £310.
Makes me wonder how much lower it could have gone...
Soldato
Just sorting insurance for a new car and I’ve got to pay £400 over the top of my current one - eek!
I think it’s just my current insurer as quotes I’ve received are about on par with my current 135i.
I think it’s just my current insurer as quotes I’ve received are about on par with my current 135i.
question, if i had a renewal quote from my current insurance and i called them up to haggle...
could they increase the quote if they find that their renewal quote was undercharging?
could they increase the quote if they find that their renewal quote was undercharging?
i paid £650 this year...next year's quote that just came through is £950
the cheapest on comparison websites is £1800
10 year NCB, no accidents, only 1 claim for windscreen
the cheapest on comparison websites is £1800
10 year NCB, no accidents, only 1 claim for windscreen
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Admiral just increased mine from £550 to £800. No change in circumstances.
Searching online the cheapest I can see is £650 now from some companies I've never heard of, so I'm not too optimistic they'll come down.
Aviva want £1200. I was insured with them for around £400 a few years ago.
This is on a 2014 Focus ST.
Searching online the cheapest I can see is £650 now from some companies I've never heard of, so I'm not too optimistic they'll come down.
Aviva want £1200. I was insured with them for around £400 a few years ago.
This is on a 2014 Focus ST.
I can't remember the exact numbers but my dad's renewal just came through something like £408->660 and looking around other reputable places are offering £380.
Not that unusual a few years ago they wanted to go from around £300 to £700, etc.
Not that unusual a few years ago they wanted to go from around £300 to £700, etc.
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Associate
The cheapest quotes I'm getting are around 1500 but got a fault claim on my policy. Was with direct line for quite a few years but this year they wanted around a staggering 3500. I really wish it was cheaper. I feel more confident paying more with aviva over goskippy. Any thoughts?
I think yes they can if your details have changed.
my circumstances have not changed, but still...better not take the risk, already an excellent renewal quote lol
(i was expecting to take it up the bum without lube this time but looks like current insurer came in clutch
better not take the mickey)Pretty similar here. £690 to £925 and the Meerkat is saying that's competitive. Prob not helped by the claim I just submitted!