Has your insurance gone up?

[aquarianone]

Another one with Admiral here.

CHR and Z4 Coupe plus home insurance...went from Approx £600 to £740 with no claims made...ever.

Shopped around and I can def get it cheaper separately and LV came around £60 cheaper as a multi policy....

So, just called Admiral and asked about what we could do with the price and tweaked some of the policies to knock the mileage down and add some bits to the home insurance as i'm working from home more frequently etc...and surprising got the price down to Approx £620 which is good enough for me

So I guess it does pay to have a chat and see what they can do..

[Mr Tidy]

aquarianone said:

Another one with Admiral here.

So I guess it does pay to have a chat and see what they can do..

But they always do that - why can't they just offer a decent renewal price in the first place?

When I find a better option I take it before I ring to cancel the greedy renewal!

[smithyithy]

Just checked my credit card app and the morons have charged me the £600 despite canceling the renewal, so that's another phone call tomorrow to get it refunded

[POIDH]

Over the last 4 years we've had three sons pass thier tests, so costs have fluctuated a lot.

Two months ago, when last one passed his test, the annual policy cost was £1040 on Admiral Multicar for one cars with 5 drivers and one car with two drivers.

Today, the cheapest two quotes on Confused add up to £2400.(!)

It seems the last driver is a much larger increase than his brothers were - all students, all do the same job with the same employer. No accidents or convictions, both policy holders have more than a decade of NCB.

Is this because of 5 drivers on one car?
Or just rising costs of insurance?

[Code Black]

My car insurance was due end next week. My current insurer wanted £286 up from £198 last year for same car/circumstances etc. Called them up and best price was £260. Went online and went back to an old insurer for £198!

[POIDH]

Code Black said:

My car insurance was due end next week. My current insurer wanted £286 up from £198 last year for same car/circumstances etc. Called them up and best price was £260. Went online and went back to an old insurer for £198!

TBF, that is a game I have played for 20 years now. A renewal rarely is a good price.

In my example above though it has gone from a 'cheeky' renewal / new quote to 'chuff me, that is double, and nothing has changed at all'...

[andygo]

I'm waiting for my renewal to come through in May. I picked up two SP30's this year (both in the BMW and first for years), so a bit apprehensive about renewal cost.

981 Cayman GTS and BMW 320d Touring. Joint policy, biz use, nil no claims on the BMW (no company car for my wife any more), full NCD on the Cayman, last yeaers cost £600.

Wonder how far I will be bent over?

[Dashnine]

andygo said:

I'm waiting for my renewal to come through in May. I picked up two SP30's this year (both in the BMW and first for years), so a bit apprehensive about renewal cost.

981 Cayman GTS and BMW 320d Touring. Joint policy, biz use, nil no claims on the BMW (no company car for my wife any more), full NCD on the Cayman, last yeaers cost £600.

Wonder how far I will be bent over?

My Admiral multi car renewal went up 50%, playing around with quite I reckon 30% was just Admiral, 10% a £2K claim and 10% a SP30 - so 20% rise for two SP30 maybe (other then the general increase in renewal premiums we all seem to be suffering).

Edited by Dashnine on Wednesday 22 March 11:28

[TwigtheWonderkid]

A lot of people saying "my insurance has gone from x to x + n% and nothing has changed".

Lots has changed. The price of gas needed to heat the offices of the insurance co has changed. The electricity price to light and run the computers at the insurance office has changed. The salaries of the insurance co staff has increased, due to their bills at home increasing. The costs of repairers' gas, electricity and wages has gone up.

There's been loads of upward pressures on insurance prices over the last year.

[smithyithy]

TwigtheWonderkid said:

A lot of people saying "my insurance has gone from x to x + n% and nothing has changed".

Lots has changed. The price of gas needed to heat the offices of the insurance co has changed. The electricity price to light and run the computers at the insurance office has changed. The salaries of the insurance co staff has increased, due to their bills at home increasing. The costs of repairers' gas, electricity and wages has gone up.

There's been loads of upward pressures on insurance prices over the last year.

I get that, but when budget insurer A increases my premium by 20% and budget insurer B reduces it by 20%, it feels more like general greed than significantly increased costs at their end..

[alscar]

smithyithy said:

I get that, but when budget insurer A increases my premium by 20% and budget insurer B reduces it by 20%, it feels more like general greed than significantly increased costs at their end..

Probably more a case of B trying to win new business.
Nothing new in these “ meerkat obtained “ companies enticing you in year 1 then jacking up the price year 2 - you can always negotiate or move.

[RazerSauber]

My other half's insurer (who I won't name) refused to continue her insurance this year, despite nothing changing. No crashes, no tickets, no new address, nothing. She wasn't quoted happy there, I tell you. She went on price comparisons and got her insurance for a reasonable amount through the same insurer..

[alscar]

RazerSauber said:

My other half's insurer (who I won't name) refused to continue her insurance this year, despite nothing changing. No crashes, no tickets, no new address, nothing. She wasn't quoted happy there, I tell you. She went on price comparisons and got her insurance for a reasonable amount through the same insurer..

I thought that had been outlawed by the regulators but clearly not !

[cerb4.5lee]

The M4 has gone up from £590 to £700, and the 370Z has gone up from £230 to £259. I haven't put a claim in for anything on either of them. In fairness the 370Z did go down from £330 to £230 the previous year though.

[RVB]

My wife's renewal came through a few weeks ago for one of her cars and it was about 5% lower than last year, and back to where it was a couple of years ago.
Car is a 2016 Vauxhall Viva, about £190 to insure.

[zsdom]

My renewal came through the same price as last years policy, rang them up & got it £30 cheaper with Brentacre

[Shnozz]

TwigtheWonderkid said:

A lot of people saying "my insurance has gone from x to x + n% and nothing has changed".

Lots has changed. The price of gas needed to heat the offices of the insurance co has changed. The electricity price to light and run the computers at the insurance office has changed. The salaries of the insurance co staff has increased, due to their bills at home increasing. The costs of repairers' gas, electricity and wages has gone up.

There's been loads of upward pressures on insurance prices over the last year.

And the cost of every claim has risen due to inflation.

It’s inevitable premiums have to rise.

[Mr Miata]

- I’m in my mid 40s
- Had a driving licence for 24 years
- 15 years NCB
- 0 points
- 0 claims or accidents in the past 5 years
- Parked in a secure carpark that non residents can’t access
- Relatively low crime rate postcode
- 4 year old VW Golf
- Tracking device and immobiliser fitted
- I couldn’t be a safer candidate

The cheapest quote has GONE UP by £127 or 30%

One quote was £430 but when I clicked on next, it magically jumped to £5100 a year! When I contacted their customer services to point out surely this has to be a computer glitch or error, their agent was either a liar or very stupid as they couldn’t see how £5100 was unreasonable for my circumstances.

The price has gone up so much, I’m thinking there must be a mistake with my details on their database. For example, when I type in my driving license number, it’s incorrectly showing I have points, or that I have made claims or someone has put a decimal point in the wrong place, so the postcode has had 1000 crashes rather than 1?

What’s worse is if I opt to pay monthly rather that annually, the insurance companies take the p!ss and fleece me with ridiculous APR. It can end up at least £300 more expensive to pay monthly rather than annually. In my opinion this price gouging is immoral / unethical if a customer is struggling to make ends meet and can’t afford to pay annually. It made me think, if I lost my job and had to relocate to a different postcode (which happens), it would be impossible for me to insure my car. How are you supposed to get another job if you can’t even get there.

Dingu said:

Claims costs are through the roof, that is going to affect prices. Direct line reported losses on their motor insurance of c.£77m today after not rising prices fast enough and getting caught out with higher claims frequency.

My heart bleeds for the bankers and insurance underwriters who made record profits and pay themselves big bonuses.

Let’s be honest, the cost of insurance has gone up way higher that inflation.

Edited by Mr Miata on Wednesday 17th May 16:34

[Richard-390a0]

My renewal quote has just came through & it's 25% higher than last year but still cheaper than anything on meerkats etc on like for like quotes from insurers you've actually heard of, so staying where I am.

[TwigtheWonderkid]

Mr Miata said:

- I’m in my mid 40s
- Had a driving licence for 24 years
- 15 years NCB
- 0 points
- 0 claims or accidents in the past 5 years
- Parked in a secure carpark that non residents can’t access
- Relatively low crime rate postcode
- 4 year old VW Golf
- Tracking device and immobiliser fitted
- I couldn’t be a safer candidate

Well yes you could, you could be mid 50s.

What's a relatively low crime rate postcode? low compared to the surrounding hellholes? Do you live in the Scottish Highlands or rural Cornwall. If not, again, you could be a safer candidate.

4 year old VW Golf? What, Golf R or GTI? What model? Tracking device and immobiliser fitted suggests it might not be a low powered basic model. So maybe you could be a safer candidate on car choice too.