Car insurance.... Increase

[Welshbeef]

Yesterday received the annual renewal come through and I was surprised to see a significant increase.


Last year £335
Current proposed £517

Nothing has changed from last year to this year apart from an extra year of NO Claims added.
I've searched go compare etc for other quotes and they are at or above this level.

So what on earth has happened?
I've no points
I've no claims
I've no incidents
Has the F10 535d in one year become a much riskier car to own?

I know IPT has increased but that account for a 54% uplift.

[GT03ROB]

Welshbeef said:

Yesterday received the annual renewal come through and I was surprised to see a significant increase.


Last year £335
Current proposed £517

Nothing has changed from last year to this year apart from an extra year of NO Claims added.
I've searched go compare etc for other quotes and they are at or above this level.

So what on earth has happened?
I've no points
I've no claims
I've no incidents
Has the F10 535d in one year become a much riskier car to own?

I know IPT has increased but that account for a 54% uplift.

No change for me at this years renewal. Sounds like you need to shop around

[Saleen836]

Probably just hoping you would let it 'auto renew'

[Welshbeef]

GT03ROB said:

No change for me at this years renewal. Sounds like you need to shop around

As per first post I have shopped round and everything is at or above that price point.

[Sarnie]

Welshbeef said:

As per first post I have shopped round and everything is at or above that price point.

Risk rating change to your post code/age/car/occupation?

[Welshbeef]

Sarnie said:

Risk rating change to your post code/age/car/occupation?

Not moved
One year older
Same occupation
Same car.

[GT03ROB]

Welshbeef said:

Not moved
One year older
Same occupation
Same car.

Odd then.

[Sarnie]

Welshbeef said:

Not moved
One year older
Same occupation
Same car.

My point was that the industry risk rating for your details may have changed........Eg claims in your post code, for your car, age or occupation type....

[Welshbeef]

Sarnie said:

My point was that the industry risk rating for your details may have changed........Eg claims in your post code, for your car, age or occupation type....

Fair point.
I recall my RS6 being mid £200's a year for the exact same.... Go figure.

Still 54% uplift is a piss take IMHO

[sidicks]

Welshbeef said:

Fair point.
I recall my RS6 being mid £200's a year for the exact same.... Go figure.

Still 54% uplift is a piss take IMHO

Given that you can't get insurance cheaper last year, the suggests that a) the premium quoted is very reasonable and b) you were probably charged too little last year!!

[Welshbeef]

sidicks said:

Welshbeef said:

Fair point.
I recall my RS6 being mid £200's a year for the exact same.... Go figure.

Still 54% uplift is a piss take IMHO

Given that you can't get insurance cheaper last year, the suggests that a) the premium quoted is very reasonable and b) you were probably charged too little last year!!

But last year and the year before were very similar - note I've been with this same company probably since 2009 in which time I've owned a number of different cars

[sidicks]

Welshbeef said:

But last year and the year before were very similar - note I've been with this same company probably since 2009 in which time I've owned a number of different cars

So you've been undercharged for the risk for the previous 2 years!!

[anonymous-user]

Insurance renewal pisses me off.

My situation of no claims, no points and same address have remained the same for probably over 10 years, yet every single year I get my 'automatic renewal' price through which is usually about £250-300 more than what I currently pay, which means I have to go through the ridiculous performance of putting my details into price comparison sites, and then phone my insurer who goes back and forth 'to their manager' until they magically manage to beat the quotes I found by about £3.l, meaning they keep my business.



This pantomime goes on every year for both cars.

[Welshbeef]

sidicks said:

Welshbeef said:

But last year and the year before were very similar - note I've been with this same company probably since 2009 in which time I've owned a number of different cars

So you've been undercharged for the risk for the previous 2 years!!

You say that but on both years I had quotes for other suppliers and they were competitive. But on each year I've been adding more years NCD to my profile so clearly getting less risky as far as the ins co is concerned.

Likewise how can an RS6 be half the price? Plus the 330d before that how have I been undercharged for what 7/8 years

[sidicks]

Welshbeef said:

You say that but on both years I had quotes for other suppliers and they were competitive. But on each year I've been adding more years NCD to my profile so clearly getting less risky as far as the ins co is concerned.

Likewise how can an RS6 be half the price? Plus the 330d before that how have I been undercharged for what 7/8 years

The car is only one factor.

As above, car insurance is a very competitive market, with very low margins.

If you can't find a better price, there's a very good reason for that!

[marshalla]

Welshbeef said:

Nothing has changed from last year to this year apart from an extra year of NO Claims added.

And you're a year older - possibly moved into an age group with a higher risk rating ?

[Sheepshanks]

NinjaPower said:

Insurance renewal pisses me off.

My situation of no claims, no points and same address have remained the same for probably over 10 years, yet every single year I get my 'automatic renewal' price through which is usually about £250-300 more than what I currently pay,

My Merc and wife's VW Tiguan auto-renewed with LV= last month and neither renewal premium was as much as your increase!

[TwigtheWonderkid]

Welshbeef said:

I know IPT has increased but that account for a 54% uplift.

IPT went up 58%, although that only accounts for a small part of the premium.

Bottom line is, if you can't find a better quote, then it's obviously competitive, regardless of what you paid last year.

[Countdown]

Who are you insured with?

[Jockman]

Put your wife on the spreadsheet, increase your excess within reason, calculate your mileage accurately, try the multi car approach with other household vehicles.

I'm sure you've done the above