Car insurance up 61% 😲

[Flat4]

This landed in my inbox earlier...

https://www.moneysavingexpert.com/latesttip/?anchor=hiya&utm_source=MSE_Newsletter&utm_medium=email&utm_term=31-Oct-23-52d539b51db450c8ba4-6541561f323ae63a8f2f21ef249e7bea&source=CRM-MSETIP-52d539b51db450c8ba4&utm_campaign=nt-highlights&utm_content=1#hiya

Next renewal I have is the Volvo in February, so this is a worry if prices are gonna continue to rise like this til next summer. Forester renews in April too 🙄 

[Sham]

If it helps, my quote from my previous insurer (Lloyds) for my renewal on the 14th for the 2010 Octavia went from £291 to £480.

20+ years NCD, £150 compulsory excess, business use, protected NCD, breakdown, drive any car, yada yada.

When I compared Meerkats, I got the exact same cover but with no excess at all, compulsory or voluntary, for £296. Aviva.

There are still deals out there, but yea, insurance costs are stupid if you don't shop around.

 

[beko1987]

Yea my Xsara is up in Feb and I'm quietly shitting myself 😢

Paid it all off for the year up front for the first time this year and felt hood about it. Probably the last time that can happen, back to direct debit to spread the cost if it's too stupid. 

 

[1duck]

My other half had her insurance renewal through today 215 quid.

I'm insuring a near identical car but I'm a couple of years older than her, never had a crash, never had points, same address, she has had one crash (a parking ding) which was sorted by insurance. We both got our licences within a few months of each other 10+ years ago. 

She has only ever driven her car but has been a named driver on my policy. I've had high performance cars and a variety of chod. She's only ever driven the chod. 

 My insurance is £440, make sense of that one. 

[New POD]

Job, the miles you do, that its not an identical car, the fact that having had one crash, she's now less likely to crash again. All these could be statistical reasons with mathematical correlation, but definately not because you are male. Because gender is not allowed to be a reason. Oh no. Not allowed. 

 

 

[EyesWeldedShut]

Bini (2008, 144K miles) was in my name last year.
Renewal was 38% up..
Switched it to my wife's policy and hers were coming in around 10% up on my last year but still less than my renewal

Then, using Topcashback's own comparison thing we got a quote at about 21% under my renewal. (excluding £40 cashback*). This is due to the online intermediary/broker (I think they are called OneClick) adding a one-off discount (maybe to attract new customers?). The actual policy is with Aegis.

We're both on max no-claims bonuses, cars in the sub £5K bracket, held licences 25 yrs+ so our actual premium's are om the low side which makes a fixed £££ discount/cashback disproportionately high as a %.

*Like Martin Lewis says - don't count cashback chickens until they're hatched

[sierraman]

The sister in law was telling me the other day here had doubled to £600, I suspect shopping round would have brought that down but even so it’s a ridiculous rise. 

[1duck]

21 minutes ago, New POD said:

Job, the miles you do, that its not an identical car, the fact that having had one crash, she's now less likely to crash again. All these could be statistical reasons with mathematical correlation, but definately not because you are male. Because gender is not allowed to be a reason. Oh no. Not allowed. 

Honestly I think it is the constant chopping of chod that has hurt my price, but I'm still going to be bitter about it. 

[brownnova]

Yep, mine for the XC90 went up from 305 to £439 this year… mental. My renewal quote was £480, but I rang them up to cancel the renewal and they instantly dropped it to £439, and as the nearest comparison quote was £400 and was much worse in terms of excesses and other options and their internet on paying monthly was worse I decided to stay with Churchill for the extra £1.50 a month it would cost me for worse cover . 

[loserone]

Just renewed the express.  Was £145 last year, £195 this year.  Not looking forward to renewing the Duster at the end of the month as the biggest hit seems to be new cars with parts availability issues.

[beko1987]

Last year I even renewed with the same people as their quote was within £20 of anything I could get on a new policy... I've never known that happen before 😂

[2flags]

I've just had the same. Massive increase. Went on the comparison sites, got it down to just about what I was paying last year. One bonus, on my Rover, I can now drive other cars! The fact that I already had that with the Jag makes no difference. 😁

[bunglebus]

One of the many frustrations of the cOst of liVing cRisis m8 - we have no choice but to insure our cars so the companies know they have us over a barrel, same as the price of groceries going stupid.

I don't know the answer to be honest, aren't all the insurers effectively under three or four big ones at the top of the chain anyway?

[vulgalour]

Mine is due in December.  Princess is usually around £150-200 (depending on insurer) for the year, insurers seem to either not want to touch it/me, or charge very little, so I think I got lucky with this one.  Probably helps I've had the car above a decade too.

[brownnova]

The classic prices for insurance seem to be holding ok. My 2CV renewal was £85 from £80 ish. It’s the moderns… 

[captain_70s]

Dolomite up from £85 to £125.

Comparison sites suggesting I could get it down to £100ish elsewhere.

[Soundwave]

Coincidentally, just had my modern Skoda insurance renewal quote through this afternoon. £566 up from £314.... I reckon I'll be comparing some meerkats tonight.

The classics* don't seem too bad, my MX5 insurance didn't go up at all and my Rover was less than £160 all in.

[JMotor]

Altezza was roughly the same this year at renewal as it was last year. 

Could of shopped around. Didn't due to sheer laziness on my part, so I just went with them again.

[DaveDorson]

The road risk part of my policy has gone up loads.  Bad times really.

[vibies]

doesnt everyone shop around when it comes to renewal, its never been cheaper for me to stay with same provider

[BlankFrank]

For those who are comparing meerkats; moneysupermarkets car insurance compare feature seems to give me cheaper offers than the comparethemarket one.

So I suppose we now have to compare the comparison sites too.. 🙃

[sierraman]

I’d have thought older cars would be more costly to insure, poor life choices, potentially high death rate, more likely to default on payments etc. 

[Dobloseven]

In  the summer, the Lancaster insurance on the Renault 25 came down to £92,from £119.

[beko1987]

42 minutes ago, sierraman said:

I’d have thought older cars would be more costly to insure, poor life choices, potentially high death rate, more likely to default on payments etc. 

Oi, I resemble that remark 😂

 

\1missedpaydayawayfromdestitution

[SteersWithThrottle]

I have a multi-car policy with Hastings, and the renewal quote they sent recently was 50% above last years. I took the advice of an expert on here to get quotes 21 days from the renewal date and managed to almost match last years price. Then I rang Hastings and they beat those quotes, basically matching last years price.

[Mrcento]

3 hours ago, brownnova said:

The classic prices for insurance seem to be holding ok. My 2CV renewal was £85 from £80 ish. It’s the moderns… 

I got a quote on one for... reasons.... a few days back and cheapest i could get was £213, Which sounds expensive v your quote, but considering most things i get back are £800+, Often over £1000, £213 suddenly looks like a mega bargain.

[Rikdogguk]

Renewal like for like on my very dull Rav4 was within 5% of last year but I do live in rural wales… maybe city dwellers are being hit harder?

[loserone]

I'm pretty rural here, and on a vintage commercial policy.  Killer is most places don't want to insure a 34 year old LHD van.

[Sham]

5 hours ago, vibies said:

doesnt everyone shop around when it comes to renewal, its never been cheaper for me to stay with same provider

I always shop around, but it's all usually within a few quid - and if it is, I stay put because I'm lazy.

 

However, this time, the variance was over £200 between the highest and lowest quotes.

[Rikdogguk]

I saw a you tube vid of an American pointless dent removal guy removing a fist size dent from rear quarter of a Rivian electric pick up.  Apparently owner was quoted $41,000 by Rivian as they reckoned panel needed replacing and this necessitated essentially the entire dismantling of the vehicle (including removal of roof and windscreen apparently!).  If this is the direction of travel then everyone’s insurance costs are only going to increase cos of 3rd party costs….