Has your insurance gone up?
Discussion
My policy on my 330i was due for renewal today.
It cost £245 last year and it was £265 this year so I couldn't be bothered looking around. But then I told them about a non-fault claim I had last year. Even though I recovered in full from the insurer of the car that hit me they added another £20 to the premium and £50 to the excess!
Thieving b
ds. :banghed:
It cost £245 last year and it was £265 this year so I couldn't be bothered looking around. But then I told them about a non-fault claim I had last year. Even though I recovered in full from the insurer of the car that hit me they added another £20 to the premium and £50 to the excess!
Thieving b
ds. :banghed:
Pan Pan Pan said:
An EV costs twice, to three or four times more to buy, than its direct ICEV equivalent. Do you believe that insurance companies are going to be able to repair, or replace them, for the same price as a direct equivalent ICEV? Some EVs are written off by insurance companies, after receiving only minor damage.
The money has to come from somewhere, which might be why they are charging all drivers, including those driving ICEVs a lot more money, for no more cover.
Which EVs cost 2,3 or 4 times as much as the ICE equivalent?The money has to come from somewhere, which might be why they are charging all drivers, including those driving ICEVs a lot more money, for no more cover.
The main issue with EV insurance is Tesla parts availability.
This is for my wife's grandad, appreciate he's 80 but it's the lowest miles possible (3k actually does about 1k) and with me on it as I take him to appointments at the local hospital where I can't get my transporter under the barrier.
This is for a 56 plate c class
Never had a claim or and points his whole life
This is for a 56 plate c class
Never had a claim or and points his whole life
Been with LV= for years, daily’s, home and (classic policies when they had them ). Just got the renewal for my Audi A3 S line & my wife’s trusty old Peugeot. Up 45% !! Last year £451 now £652, did a few online comparison site quotes, every one was over £1000 ?? So it looks as if we will continue with LV=.
Old Merc said:
Been with LV= for years, daily’s, home and (classic policies when they had them ). Just got the renewal for my Audi A3 S line & my wife’s trusty old Peugeot. Up 45% !! Last year £451 now £652, did a few online comparison site quotes, every one was over £1000 ?? So it looks as if we will continue with LV=.
Similar to my wife with LV, but hers was +68%, to £330. On comparison sites, any recognisable name was over £400, and a lot were £600.LV did drop the price a few quid when I rang up and moaned at them.
fatjon said:
When will people learn. Renewal is an opportunity to screw lazy people. It’s almost unknown for a renewal to be competitive, they just hope you will take the path of least resistance, hence the industry lobbying to allow auto renewal.
That’s not supposed to happen now with the FCA rules about not quoting new customers lower than existing customers. Indeed it’s suggested that their aggressive enforcement is preventing many people from getting a good deal when they shop around - I couldn’t find any main stream insurer cheaper than the renewal we got.Mines due in exactly a months time. £192 last year and no changes / points / accidents since. Wonder how much they will increase it.
Been with the same insurer since 2015 and every time their renewal comes in at higher than the cheapest online and then you have to call and go through all that.
Been with the same insurer since 2015 and every time their renewal comes in at higher than the cheapest online and then you have to call and go through all that.
aturnick54 said:
Not agreed value, but market value yes. Made sense to reduce it as the market has taken a hit in the past year
Agreed -also perfectly possible that if the unfortunate happens you may still be able to negotiate the previous figure anyway !In the scheme of things the percentage rise isn't too bad.
I've just paid my renewal premium having been a bit successful on the negotiation - it is an agreed value policy for 4 cars and the increase was just over 11% but the new £5,600 still hurt.
alscar said:
Agreed -also perfectly possible that if the unfortunate happens you may still be able to negotiate the previous figure anyway !
In the scheme of things the percentage rise isn't too bad.
I've just paid my renewal premium having been a bit successful on the negotiation - it is an agreed value policy for 4 cars and the increase was just over 11% but the new £5,600 still hurt.
Ouch.In the scheme of things the percentage rise isn't too bad.
I've just paid my renewal premium having been a bit successful on the negotiation - it is an agreed value policy for 4 cars and the increase was just over 11% but the new £5,600 still hurt.
Must be some nice cars there though?
Sheepshanks said:
Old Merc said:
Been with LV= for years, daily’s, home and (classic policies when they had them ). Just got the renewal for my Audi A3 S line & my wife’s trusty old Peugeot. Up 45% !! Last year £451 now £652, did a few online comparison site quotes, every one was over £1000 ?? So it looks as if we will continue with LV=.
Similar to my wife with LV, but hers was +68%, to £330. On comparison sites, any recognisable name was over £400, and a lot were £600.LV did drop the price a few quid when I rang up and moaned at them.
Did it with the home policy, will do it again with this one.
We have, luckily, never made a claim with LV=. Is there anyone out there who has? how did you get on?
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