Wtf is going on with car insurance prices?

[Rust Collector]

4 minutes ago, cort1977 said:

Fucking meerkats, i'd love to boot the hole of whoever came up with that one.

I met the bloke who allegedly came up with the meerkats several times through work, I'll be polite seeing that this is a public(ish) forum and and say that I didn't get on with him and I'm glad that the work that involved dealing with him was binned off.

[uk_senator]

23 minutes ago, JJ0063 said:

Oh they are, if someone asks me for a quote for anything worth 40k upwards one of my first questions is has it got a tracker. Without one these days you’re in the shit, the net has hugely tightened and insurers won’t take the risk.

As you probably know, the thieves are onto that, the amount of times I`ve seen cars recovered with half the interior ripped out, some within a couple of hours of being nicked, where they`ve tried to find the tracker (I`m assuming the ones which aren't recovered have had their trackers found & ripped out, if they were fitted at all).

I`m on nextdoor.com, & cant believe how easy it is to nick some of them, as people put CCTV footage up.. There was a guy last week who had 2 Lexus 4x4`s nicked off his drive in one go, after he had his previous one nicked last November, they nicked it by removing the passenger headlight & doing something in the wing, like, in less than a minute.. & you read through the comments & there's half a dozen other people saying "mine got nicked last week as well". Also, the Toyota 4x4`s get nicked after the thieves rip the front wheel arch liner out, which gives them the same access to whatever it it that unlocks & starts the Lexuses.

Its an epidemic, there must be literally millions of quids worth of cars going daily in London, its been going on for ages, & neither the police or the manufacturers are dealing with it.

[uk_senator]

4 minutes ago, uk_senator said:

As you probably know, the thieves are onto that, the amount of times I`ve seen cars recovered with half the interior ripped out, some within a couple of hours of being nicked, where they`ve tried to find the tracker (I`m assuming the ones which aren't recovered have had their trackers found ripped out, if they were fitted at all).

I`m on nextdoor.com, & cant believe how easy it is to nick some of them, as people put CCTV footage up.. There was a guy last week who had 2 Lexus 4x4`s nicked off his drive in one go, after he had his previous one nicked last November, they nicked it by removing the passenger headlight & doing something in the wing, like, in less than a minute.. & you read through the comments & there's half a dozen other people saying "mine got nicked last week as well". Also, the Toyota 4x4`s get nicked after the thieves rip the front wheel arch liner out, which gives them the same access to whatever it it that unlocks & starts the Lexuses.

Its an epidemic, there must be literally millions of quids worth of cars going daily in London, its been going on for ages, & neither the police or the manufacturers are dealing with it.

Oh, & the guy that had the 2 Lexuses nicked, had made an effort, & put stop lock pro`s on both, but they didn't slow them down by much..

[JJ0063]

5 minutes ago, uk_senator said:

As you probably know, the thieves are onto that, the amount of times I`ve seen cars recovered with half the interior ripped out, some within a couple of hours of being nicked, where they`ve tried to find the tracker (I`m assuming the ones which aren't recovered have had their trackers found ripped out, if they were fitted at all).

I`m on nextdoor.com, & cant believe how easy it is to nick some of them, as people put CCTV footage up.. There was a guy last week who had 2 Lexus 4x4`s nicked off his drive in one go, after he had his previous one nicked last November, they nicked it by removing the passenger headlight & doing something in the wing, like, in less than a minute.. & you read through the comments & there's half a dozen other people saying "mine got nicked last week as well". Also, the Toyota 4x4`s get nicked after the thieves rip the front wheel arch liner out, which gives them the same access to whatever it it that unlocks & starts the Lexuses.

Its an epidemic, there must be literally millions of quids worth of cars going daily in London, its been going on for ages, & neither the police or the manufacturers are dealing with it.

Oh god yeah, the thing is statistically tracked vehicles have a much higher recovery rate so the insurers will (obviously) try and minimise the risk 

It’s an absolute shit storm at the moment, I would assume Land Rover must be trying to do something as surely their sales are going to start to rapidly decline if people just cannot insure them. 

 

[uk_senator]

30 minutes ago, JJ0063 said:

Oh god yeah, the thing is statistically tracked vehicles have a much higher recovery rate so the insurers will (obviously) try and minimise the risk 

It’s an absolute shit storm at the moment, I would assume Land Rover must be trying to do something as surely their sales are going to start to rapidly decline if people just cannot insure them. 

 

You`d think.. I mean, why don't the insurers actually fit ghost immobilisers to their customers cars, in the same way they put black boxes on new drivers cars? It`d cost them a few hundred quid per car, but long term it would pay back 1000 fold.

How does it even work, even at the prices you said people are paying? I mean, a guy buys a new Range Rover, pays £8k insurance premium, car gets nicked, £100k payout, guy buys another, insurance premium now up to £10k, second one gets nicked too, another £100k payout.. So £18k in, £200k paid out.. Are they going to charge him £100k premium on the next one to entirely cover the cars value? (or £282k premium to make up for the first 2 payouts & cover the 3rd) It just doesn't add up, which must be why everyone's insurance goes up as they try to balance the books..

[JJ0063]

23 minutes ago, cort1977 said:

My heart fucking bleeds.

Seriously, one bad year doesn't erase the many, many good years of rinsing the UK public massively.

If it's so unprofitable, why are there so many companies competing in the insurance space with such generous marketing budgets?

UK car insurance has even generated it's own myths and legends, 'you're not insured without an MOT' etc, usually spouted by some adenoidal wanker who wouldn't know a risk if it sat on his face and wriggled.

Can you tell I'm not a fan of insurance companies?

 

I agree to a certain extent (Just for the record I don’t work for an insurance company in case you were directing it at me somewhat) 

The comment re marketing, that’s just business - they have to plough money into marketing in order to get recognised in the field and attract the customers to attempt to get the business, that’s quite normal.

 

 

[Jerzy Woking]

Insurance in Spain is seemingly expensive, but there are some good things with it. You insure the vehicle, not the person. Which means I can loan my car and bikes to anyone over 25 years old, as long as they have held their licence for two years. Which is great when friends and family come over. Especially as, outside of Madrid and Barcelona, motorbike theft is very low. The ten most stolen bikes are all scooters, not bikes

My policies all include free breakdown recovery throughout the EU and Morocco.

I did a few on line quotes in the UK, and they are not far short of what I am paying here.

[Jerzy Woking]

2 minutes ago, uk_senator said:

You`d think.. I mean, why don't the insurers actually fit ghost immobilisers to their customers cars, in the same way they put black boxes on new drivers cars? It`d cost them a few hundred quid per car, but long term it would pay back 1000 fold.
 

All new cars are fitted with SIM cards, but I don't know whether or not they can be used to track a stolen car. 

In my last job we used to get the tracking data from SIM's in cars as to where a car had been to in support of criminal investigations.

[sierraman]

I blame ebay in a lot of ways, just look on there how many Transit engines are for sale, how many Transits get written off in accidents, there cannot be as many as there are engines offered on there. To set up a proper treatment facility to legitimately ‘treat’ end of life vehicles costs hundreds of thousands of pounds yet the amount of enterprising souls setting up in a unit somewhere describing themselves as ‘specialist dismantlers’ beggars belief. 

[uk_senator]

17 minutes ago, Jerzy Woking said:

All new cars are fitted with SIM cards, but I don't know whether or not they can be used to track a stolen car. 

In my last job we used to get the tracking data from SIM's in cars as to where a car had been to in support of criminal investigations.

I`ve heard that as well, I`ve also heard that you need to pay for the option to be activated, or, well, its not activated..

[Sigmund Fraud]

After reading this thread, I was really dreading the arrival of my renewal quote... 

It's now landed, and the premium is 50% more than last year, despite no changes to my circumstances whatsoever ! Furious, I went on the usual comparison websites to find a cheaper alternative. But it soon turned out that the cheapest of the alternatives is actually 25% more than what my current insurer has quoted !

[GeordieInExile]

I've just got a quote for my incoming C6 and... it's actually going to be cheaper to insure than my current Volvo XC70 D. Errr... what?

[Christine]

Sold my Fiesta mk1 last year , and was missing a toy ,so i bought this last month for £150.. Well i stole it really didn't I?  

It's a bit peachy , Ghosty would love it ,  low miles,  been stored for the last ten years , since the owner passed away  .. Straight through an mot ,   started instantly when i took off the dried out dead battery , filled it with tap water, and charged it up . Still ok too! Petrol was ten years old too! Does want tyres , they're rock hard..

 

 

 

 

 

 

Couldn't get classic insurance , despite it being  over 26 years old . But ...

First quote 

 : None no claims bonus,  1500 miles,  kept in a garage , just me driving, no commuting  ..£600  fully comp ..fuck off 

2nd quote  ( admittedly it was  SAGA )  None no claims bonus , 6000 miles , kept in the road , Me and wife driving , no commuting ,  £ 210 fully comp  

 

[sierraman]

£600 would be a bargain on insurance round our way 😂

[D.E]

29 minutes ago, Christine said:

£600  fully comp

[Christine]

They know i'm a  fantasticly good  driver , and it won't get nicked either , as i'll stab them .

[Christine]

19 minutes ago, D.E said:

You know , I took that bit off and polished it !  What a saddo thing to do!  Looked a bit shit didn't it 

[JJ0063]

1 hour ago, uk_senator said:

You`d think.. I mean, why don't the insurers actually fit ghost immobilisers to their customers cars, in the same way they put black boxes on new drivers cars? It`d cost them a few hundred quid per car, but long term it would pay back 1000 fold.

How does it even work, even at the prices you said people are paying? I mean, a guy buys a new Range Rover, pays £8k insurance premium, car gets nicked, £100k payout, guy buys another, insurance premium now up to £10k, second one gets nicked too, another £100k payout.. So £18k in, £200k paid out.. Are they going to charge him £100k premium on the next one to entirely cover the cars value? (or £282k premium to make up for the first 2 payouts & cover the 3rd) It just doesn't add up, which must be why everyone's insurance goes up as they try to balance the books..

Ghost isn’t Thatcham approved which means insurers don’t recognise it - I’d love to know what’s stopped them being approved!

Re premiums, you’ve hit the nail on the head, there’s always a massive loss round the corner and I’ve seen premiums of 5k where claims history shows 5 claims of £70k+ each time in the last 5 years…

[cort1977]

2 hours ago, JJ0063 said:

I agree to a certain extent (Just for the record I don’t work for an insurance company in case you were directing it at me somewhat) 

The comment re marketing, that’s just business - they have to plough money into marketing in order to get recognised in the field and attract the customers to attempt to get the business, that’s quite normal.

 

 

No offence intended, I wasn't directing it at you or anyone.

I know it's just business, my point is that if it was such poor business that margins were wafer thin then they wouldn't spend so much acquiring new customers through advertising and they wouldn't have the budget to do it anyway.

 

 

[barefoot]

Bloke next door but one had a brand new lwb land rover in black. It was very quiet. Thatcham van spent an hour or two outside and then the land rover was replaced by an 09 plate Jaguar XF. Insurance a bit steep do we think or some other failure?

[Mrcento]

I've not even had anything on the road for a fair while, partly because of the lack of things to buy, partly insurance. Anything that has come up, they've pretty much said 'No you're not having that' to. And i don't give a flying fuck what anyone says about Data, there is zero justification for price gouging somebody by £400 because they want to insure a car in 24 hours rather than 48. That's pure 'LOL you're desperate huh?, KERCHING'. Yes, it's right there should be a small increase, But that is outrageous.

Nor is there any statistical excuse on a policy that should be about £700, to raise the premium by £6,000 purely because the previous owner of the car you want had fitted a £60 light bar you'd want to remove anyway.

And that's before i even get onto how high the compulsory excesses of a lot of policies now are. And the utterly ridiculous questions they now want answers to, like the specific fucking day you passed your driving test etc, where of course it doesn't matter.... It won't save you any money, but no doubt if you passed your test on a Tuesday and because of other drivers data, they can suggest you're 0.00000001% more likely to make a claim than somebody that passed on a Wednesday, they'll probably stick another £150 on the premium.

I've pretty much lost all desire to drive because i can't bring myself to give a sizeable amount of money by force to those cunts.

RE Land Rovers, yes, there is a real issue with insurance right now. One was up for sale near me (a P38) and i couldn't insure it. Most places were refusing to even offer a quote (we cannot cover that vehicle). and the few places that did were wanting thousands.

Then i found out that particular RR had been converted to springs. Sayonara. 'MODIFIED MOTAH M8', Cheapest quote i could get was.... wait for it, sit down.

 

 

 

 

 

 

 

 

 

 

 

THIRTEEN THOUSAND EIGHT HUNDRED POUNDS!.

[Jerzy Woking]

I had a Saab 9-5 Aero that I had to sell before I moved from tye UK. It would never have passed the inspection here due to its mods:

Bigger Garret turbo and Abbott intercooler, Noobtune Stage 3 remap, uprated Bilstein shocks and Eibach springs, Abbott exhaust manifold and 2.5 inch cat back exhaust, Maptun bigger discs and 6 pot calipers, lightweight wheels and stuff I have no doubt forgotten.

All mods were declared, and it was cheaper to insure than the 9-5 2.3 litre I had immediately before. Why? The bloke I spoke to at my insurance company said it was cheaper as I obviously cared for my car. Weird.

[sierraman]

39 minutes ago, barefoot said:

Bloke next door but one had a brand new lwb land rover in black. It was very quiet. Thatcham van spent an hour or two outside and then the land rover was replaced by an 09 plate Jaguar XF. Insurance a bit steep do we think or some other failure?

Land Rover? It’ll be in the garage probably having the body off to fill the screenwash or something equally crazy. 

[Mrcento]

4 minutes ago, Jerzy Woking said:

I had a Saab 9-5 Aero that I had to sell before I moved from tye UK. It would never have passed the inspection here due to its mods:

Bigger Garret turbo and Abbott intercooler, Noobtune Stage 3 remap, uprated Bilstein shocks and Eibach springs, Abbott exhaust manifold and 2.5 inch cat back exhaust, Maptun bigger discs and 6 pot calipers, lightweight wheels and stuff I have no doubt forgotten.

All mods were declared, and it was cheaper to insure than the 9-5 2.3 litre I had immediately before. Why? The bloke I spoke to at my insurance company said it was cheaper as I obviously cared for my car. Weird.

And on the flip side, i have a modified (engine, suspension, brakes) Cinquecento parked in a garage that i've owned for 14 years now i'm going to have to sell, because there's no way i'm going to be able to insure it when i get around to doing a few jobs on it.

It was always a pain to get a quote for, but i could do it reasonably, Last policy i had on it was about £600. I honestly doubt i'd be able to get it insured for under 3k now.

Yet no doubt somebody younger, with no NCB, been banned twice including being involved in a fatal accident can get it insured for way less for reasons unknown. It's depressing as fuck.

[sierraman]

29 minutes ago, Mrcento said:

I've not even had anything on the road for a fair while, partly because of the lack of things to buy, partly insurance. Anything that has come up, they've pretty much said 'No you're not having that' to. And i don't give a flying fuck what anyone says about Data, there is zero justification for price gouging somebody by £400 because they want to insure a car in 24 hours rather than 48. That's pure 'LOL you're desperate huh?, KERCHING'. Yes, it's right there should be a small increase, But that is outrageous.

Nor is there any statistical excuse on a policy that should be about £700, to raise the premium by £6,000 purely because the previous owner of the car you want had fitted a £60 light bar you'd want to remove anyway.

And that's before i even get onto how high the compulsory excesses of a lot of policies now are. And the utterly ridiculous questions they now want answers to, like the specific fucking day you passed your driving test etc, where of course it doesn't matter.... It won't save you any money, but no doubt if you passed your test on a Tuesday and because of other drivers data, they can suggest you're 0.00000001% more likely to make a claim than somebody that passed on a Wednesday, they'll probably stick another £150 on the premium.

I've pretty much lost all desire to drive because i can't bring myself to give a sizeable amount of money by force to those cunts.

RE Land Rovers, yes, there is a real issue with insurance right now. One was up for sale near me (a P38) and i couldn't insure it. Most places were refusing to even offer a quote (we cannot cover that vehicle). and the few places that did were wanting thousands.

Then i found out that particular RR had been converted to springs. Sayonara. 'MODIFIED MOTAH M8', Cheapest quote i could get was.... wait for it, sit down.

 

 

 

 

 

 

 

 

 

 

 

THIRTEEN THOUSAND EIGHT HUNDRED POUNDS!.

I think it’s down to statistics, statistically a Golf R in Rochdale wanting to be insured by a 21 year old gentleman for 24 hours with no NCB is a bad bet. That’s probably an extreme but I would imagine the rationale is that short term 24 hour insurance carries a high risk of someone thrashing the hillocks off it for the weekend. 

[sierraman]

2 minutes ago, Mrcento said:

And on the flip side, i have a modified (engine, suspension, brakes) Cinquecento parked in a garage that i've owned for 14 years now i'm going to have to sell, because there's no way i'm going to be able to insure it when i get around to doing a few jobs on it.

It was always a pain to get a quote for, but i could do it reasonably, Last policy i had on it was about £600. I honestly doubt i'd be able to get it insured for under 3k now.

Yet no doubt somebody younger, with no NCB, been banned twice including being involved in a fatal accident can get it insured for way less for reasons unknown. It's depressing as fuck.

Christ what area is this where it would be three thousand quid for a Cinquecento? 😂

[Mrcento]

Just now, sierraman said:

Christ what area is this where it would be three thousand quid for a Cinquecento? 😂

It's the mods, not the car or the area. As soon as insurers see a mod on a car now, the price balloons. 3k isn't 'unreasonable' in a market i'm getting quoted over 6k for an Isuzu Trooper because it's modified with a light bar, or nearly 14k for a P38 because it doesn't ride on Air Suspension any more 🤣

[Mrcento]

4 minutes ago, sierraman said:

I think it’s down to statistics, statistically a Golf R in Rochdale wanting to be insured by a 21 year old gentleman for 24 hours with no NCB is a bad bet. That’s probably an extreme but I would imagine the rationale is that short term 24 hour insurance carries a high risk of someone thrashing the hillocks off it for the weekend. 

Was meaning a normal years policy starting within 24 hours/the next day v the same policy starting in 2 days time, not temp insurance.

[Mrcento]

16 minutes ago, sierraman said:

Christ what area is this where it would be three thousand quid for a Cinquecento? 😂

Just for a laugh, i ran it there through a comparison site (It's way less on the phone with someone specialised, but thought i'd at least see where the ballpark lies).

I thought 'Oh wow, that's a real surprise, that's nowhere near as bad as i thought!.... £722! That's actually really good considering i'm getting quotes way over that for mundane standard stuff!

Then i realised that was per month, not the overall policy cost, It's £9588 for the year with a first payment down of £1600 🤣

In all seriousness, via a specialised broker, i reckon 2-2.5k is where it'd be.

[Zelandeth]

Few days ago set up insurance on the newly arrived Peugeot Partner.

£570 a year was the cheapest I could find, by a long shot.  Most quotes were well north of a grand.

Location plays a massive role too.  Having it parked on street at a flat address in Central Aberdeen results in a quote less than half for my home address in Milton Keynes.

Was surprised to find that increasing the excess actually massively pushed the premium up... I've ended up with it set to £100, because increasing it anywhere above that instantly added £200 plus change onto the quote.

I did phone round a couple of places as well, they couldn't offer anything better.