Wtf is going on with car insurance prices?

[rainagain]

Robbing bastards. 
My house insurance has also jumped from £120 to £200+. Shopping around has made no real difference to either price. 

[drewd]

My renewal on the C Class Merc was up from £450 to £550 with full NCB. Shopping around I can get it to around £480.

The Pug 307 is around £380, but I've only got one years NCB to use against it. That's about £150 more than the cheapest quote I got last year with no NCB.

I was planning on dropping down to one car, I should probably do that sooner rather than later.

[Back_For_More]

Mine for the Forester and 330ci totalled 1100 last year, now closer to 1500 and I cried......  

Outright theft...... 

Mate had a small shunt as a dope pulled out in front - witnesses so all OK - except he did a quick check and car was without MoT or insurance. MoT there's no excuse but even I can see why some people are struggling to pay through the nose for such shit cover and service. 

[beko1987]

I ran myself a new quote to brace myself for when mine ends in Feb 24 and it's gone up sub £200 a year, but probably too much for me to afford to pay off in one lump sum 😢

£50 a month but with breakdown cover which I might treat* myself too... Will hunt closer to the time, too early to do it yet

[NorthernMonkey]

8 hours ago, New POD said:

BB postcode? You think that's bad? I used to have a BD postcode.  Mind you, that was in the Yorkshire Dales.

Now got an L postcode. But luckily not L8 

Crazy, isn’t it? BB postcode but we’re 1/4 mile away from the forest of Bowland and five minutes into Clitheroe

[JJ0063]

Try insuring a brand new 140k+ RR Sport, I regularly see premiums of 12k+ and people actually pay it!

[NorthernMonkey]

14 minutes ago, JJ0063 said:

Try insuring a brand new 140k+ RR Sport, I regularly see premiums of 12k+ and people actually pay it!

I know…the Mrs works in asset management for a global finance company and there’s a lot of worried people in the industry re the residuals and GFVs of JLR stuff!

[sierraman]

31 minutes ago, JJ0063 said:

Try insuring a brand new 140k+ RR Sport, I regularly see premiums of 12k+ and people actually pay it!

No different I suppose relatively speaking to someone paying £14,000 and then paying £1200 to insure it. 

[JJ0063]

1 minute ago, sierraman said:

No different I suppose relatively speaking to someone paying £14,000 and then paying £1200 to insure it. 

You’d think, however 95% of people are horrified

[sierraman]

Just now, JJ0063 said:

You’d think, however 95% of people are horrified

I suppose it’s off the back that you could work in a pet shop cleaning birdshit out of cages and so long as you can scrape together £1,000 a month after your board they’ll sign you up for one. 

[NorthernMonkey]

51 minutes ago, sierraman said:

I suppose it’s off the back that you could work in a pet shop cleaning birdshit out of cages and so long as you can scrape together £1,000 a month after your board they’ll sign you up for one. 

Where do I apply?

I like budgies and I’d sure as hell be better off financially…

[Rocket88]

1 hour ago, NorthernMonkey said:

I know…the Mrs works in asset management for a global finance company and there’s a lot of worried people in the industry re the residuals and GFVs of JLR stuff!

My heart pumps purple piss…. Modern JLR products are little better than a Ponzi scheme 

[angle]

There was an article in the guardian last week about car insurance prices - there was a lady with an Evoque who paid £450 two years ago, £1,300 last year and the best price she can get this year is £2,800. 

[sierraman]

1 hour ago, angle said:

There was an article in the guardian last week about car insurance prices - there was a lady with an Evoque who paid £450 two years ago, £1,300 last year and the best price she can get this year is £2,800. 

Should we organise a whip round? 😂

[Mally]

On 02/12/2023 at 15:09, Mally said:

My renewal with the AA insurance is due from 1/1/24. I have 14 years NCB.  I am 77 though.  OL15  9ED

Rover 75 Tourer. Last year paid £377.51.

Renewal quote is, sit down please.

£1,010.25.

@JJ0063 Can you help at all?

I have a month yet so have not tried the Meercat at the moment.

Just an update, JJ and very many others are around 1K. Perhaps I'm too old.

Meercat et al, gave a few quotes between £550 and £650. I'll ring the AA tomorrow but there's no way they will match that.

Might be a Disabled scooter for me next year, without a car to carry it in.

[Bradders59]

Insured the Omega with Carol Nash last year for£145. Renewal this year was £260 !

spent a few hours on comparison and cashback sites and ended up with AA via Topcashback for £170 with £25 cashback to come, so basically, same cost as last year.

[Sham]

Mine went from £294 to £480 in November on my renewal from Lloyds. Well, that's what they wanted. I got better cover and zero excess, that's zero compulsory and voluntary. Still protected no claims and business use. All for £296.

From Aviva of all people.

North Norfolk, 2010 Octavia diesel estate.

Insurance is legalised robbery, nothing more and nothing less.

[Datsuncog]

I'm finding it very difficult to understand why knocking voluntary excesses down to zero can reduce your premium quite considerably. For years I kept a voluntary excess of around £600 in addition to a compulsory excess of say £250, then (through playing with the slider bars on comparison websites) twigged it could be actually cheaper for me to have a smaller excess, or none at all. 

I can only assume that there's a similar logic in insurance-land for this as for the whole TPFT Vs Fully Comp thing - their stats must show that customers who seek lower levels of cover or accept higher voluntary excesses are more likely to make a claim, so premiums are loaded accordingly.

[Mally]

AA dropped from £1100 to £980, Very nice Scotch lady who admitted she would go elsewhere.

I've told them to cancel recurring direct debit , do I need to call in my Bank to cancel as well?

I have quotes of £510 from Carole Nash and Swinton. Also £516 Marmalade.

Carole Nash used to be good for bikes, but seems service is poor theses days.

Likely I'll go with Swinton.

[beko1987]

2 hours ago, Mally said:

AA dropped from £1100 to £980, Very nice Scotch lady who admitted she would go elsewhere.

I've told them to cancel recurring direct debit , do I need to call in my Bank to cancel as well?

I have quotes of £510 from Carole Nash and Swinton. Also £516 Marmalade.

Carole Nash used to be good for bikes, but seems service is poor theses days.

Likely I'll go with Swinton.

The cheapest quote I got earlier was from Carole Nash... 

But then I've been with flux direct and Swinton in the past and didn't crash so didn't need their services... 😬🤞

[Zelandeth]

9 hours ago, Datsuncog said:

I'm finding it very difficult to understand why knocking voluntary excesses down to zero can reduce your premium quite considerably. For years I kept a voluntary excess of around £600 in addition to a compulsory excess of say £250, then (through playing with the slider bars on comparison websites) twigged it could be actually cheaper for me to have a smaller excess, or none at all. 

I can only assume that there's a similar logic in insurance-land for this as for the whole TPFT Vs Fully Comp thing - their stats must show that customers who seek lower levels of cover or accept higher voluntary excesses are more likely to make a claim, so premiums are loaded accordingly.

When I was setting the policy up for the Partner, increasing my voluntary excess actually made the premium increase dramatically - that I honestly couldn't figure out...I'm literally taking risk off their shoulders yet they wanted to charge me more???  Fine...left it at £0 as that was cheapest!

[High Jetter]

8 hours ago, Mally said:

I've told them to cancel recurring direct debit , do I need to call in my Bank to cancel as well?

Shouldn't be necessary, but worth doing just in case. Easy if you use online banking or an app, but suspect you might not.

[HillmanImp]

I need to check when the insurance is up on the Audi. With the tax being over £700 pa and the insurance going through the roof it's becoming a problem.

Its genuinely a great car, I can't fault it. Absolutely mental mid range speed (not fast off the block but quicker than the Subaru if I want to overtake), reliable, comfy, grotty enough to chuck anything in the back without worrying, well specced, good on fuel and looks good too but I'm having trouble justifying it.

It was looking lovely and sparkly in the frost when I took the bins out earlier

I keep looking at other stuff I can lob on a classic policy like a Saab 900 or something

https://www.ebay.co.uk/itm/325906483286

I know it will be worse on fuel but with the mileage I do I'm not sure it'll matter.

https://www.ebay.co.uk/itm/355250846560

Maybe crash damage at the front on that one.

This is winking at me too, but isn't as cool as a 900 is it?

https://www.ebay.co.uk/itm/266544637650

This fits the bill perfectly though if I can lob it on a classic policy.

https://www.ebay.co.uk/itm/404657210386

It's got a private plate on it though, so can't see the history and it's fucking miles away but it's well nice.

Issue is can I still get a car like this on a classic policy like I could years ago? They seem to be tightening their views on what is a classic? I've rang up about a few oddball cars in the last couple of years and they said no despite insuring any old shite in the past if it was over 15 to 20yrs old. Anyone got any recent experience of getting old crocks on classic policies?*

Apologies if this has been discussed earlier in the thread, I've just skipped to the end.

[vulgalour]

I'm with Classicline, have been for a couple of years because nobody seems to beat the renewal when it comes around.  About £138 last year, and about £155 this year, so not as terrible a rise as it might have been compared to what some folks have had to tolerate at renewal.  Just another reason to tolerate the Princess' mood swings really, it's an absurdly cheap car to run overall.

 

[Metal Guru]

Just received renewal quote from Direct Line for wife’s car. Nearly doubled despite an extra year’s no claims, sneakily hidden in third layer of their new paperless system.

Got a reasonable quote from RIAS. Anyone used them? Any good? 

[Missy Charm]

15 minutes ago, Metal Guru said:

Just received renewal quote from Direct Line for wife’s car. Nearly doubled despite an extra year’s no claims, sneakily hidden in third layer of their new paperless system.

Got a reasonable quote from RIAS. Anyone used them? Any good? 

Direct Line massively hiked my renewal for next year, too, so perhaps they're doing so across the board.  I've been with them for years, but have defected to Esure for next year as a result.  The new policy is coming in at £320 odd, with a few added extras.  Basic cost was under £300.  Direct Line wanted over £400!  Ridiculous.  

[Bren]

The insurance on wife's mondeo went up £152 this year. An increase of over 50% on last year. With an extra year of no claims.

[Marina door handles]

It does seem that insurers have gone back to  jacking the price up at renewal, thought this wasn't going to be an issue any more?  Anyway I did change car 3 months in  last year but the increase was the equivalent of a £300 policy, now its up at £550. Shopping around I have changed to Aviva (Norwich Onion) with a premium of £292 so it really does pay to check what's available.

[Spiny Norman]

Maybe not a direct comparison because I've switched cars but a year's cover on a 2004 Mercedes SLK230 has just cost me £40 more than last year's price on a 2005 Saab 9-5 Aero. Don't know if the increase is down to the car or just general inflation, FWIW I've always found Saabs were pretty cheap to insure for what they were.

[Metal Guru]

It’s completely non sensical. Phoned Direct Line re premium doubling, ( +92% to be precise ). “It’s inflation at a record high.” That was 13% ffs!

Eventually offered £50 off but told them where to go. 
So went on the comparison sites and various offerings from Aviva came out best at around £250-270 ish, so I thought maybe a little cheaper on the Aviva website, not having them pay commission to the sites. 
Result ? £511!