My car insurance up by 30% this yr!
Discussion
Yikes!
Just spoke with Aviva re my renewal on a Freelander 2, and they are this year quoting £436.00 as opposed to last years £339.00
Does this about right in terms of what I'd see across the board should I start calling around?
What a pain, not just in terms of an increase, but time to get it sorted!
Your thoughts are welcomed.
Cheers.
Just spoke with Aviva re my renewal on a Freelander 2, and they are this year quoting £436.00 as opposed to last years £339.00
Does this about right in terms of what I'd see across the board should I start calling around?
What a pain, not just in terms of an increase, but time to get it sorted!
Your thoughts are welcomed.
Cheers.
^^ Re protecting NCB, that depends.
It usually costs about £40 to add to your premium so you need to weigh up the statistical likelyhood of you having a crash. Given that insurers are keen to offer this protection then I'd say you're less likely to have a crash so isn't worth it.
I gambled on this about 7 years ago and (touch wood) have been ok. My annual premium (on both cars) has been about £300 for a while and if I had a crash I'd be down to 2 years NCD (50%) so would go up by another £200 (assuming max 70% NCD). As I've saved £40 over 7 years then for both cars I've saved about £560 so in my case it was worth not bothering.
It usually costs about £40 to add to your premium so you need to weigh up the statistical likelyhood of you having a crash. Given that insurers are keen to offer this protection then I'd say you're less likely to have a crash so isn't worth it.
I gambled on this about 7 years ago and (touch wood) have been ok. My annual premium (on both cars) has been about £300 for a while and if I had a crash I'd be down to 2 years NCD (50%) so would go up by another £200 (assuming max 70% NCD). As I've saved £40 over 7 years then for both cars I've saved about £560 so in my case it was worth not bothering.
Edited by Fatman2 on Wednesday 24th November 21:13
Fatman2 said:
^^ Re protecting NCB, that depends.
It usually costs about £40 to add to your premium so you need to weigh up the statistical likelyhood of you having a crash. Given that insurers are keen to offer this protection then I'd say you're less likely to have a crash so isn't worth it.
I gambled on this about 7 years ago and (touch wood) have been ok. My annual premium (on both cars) has been about £300 for a while and if I had a crash I'd be down to 2 years (50%) so would go up by another £200 (assuming max 70% NCD). As I've saved £40 over 7 years then for both cars I've saved about £560 so in my case it was worth not bothering.
Great answer thank you It usually costs about £40 to add to your premium so you need to weigh up the statistical likelyhood of you having a crash. Given that insurers are keen to offer this protection then I'd say you're less likely to have a crash so isn't worth it.
I gambled on this about 7 years ago and (touch wood) have been ok. My annual premium (on both cars) has been about £300 for a while and if I had a crash I'd be down to 2 years (50%) so would go up by another £200 (assuming max 70% NCD). As I've saved £40 over 7 years then for both cars I've saved about £560 so in my case it was worth not bothering.
Wonder if that's worth doing on both my Freelander and Elise now then.
Good food for thought thank you.
No worries
Just to add. The protected NCB thing is supposed to prevent any increases in premium, regardless of fault, but I believe this only applies if you stay with the same insurer. As your recent scenario has already shown though, you generally see an annual increase anyway (despite another clean sheet) so most people rarely stay with the same company and shop around.
Sadly when you do approach another insurer, your protected NCB counts for very little so you still end up paying more if you had a crash. One of the great insurance scams of recent times IMHO.
Just to add. The protected NCB thing is supposed to prevent any increases in premium, regardless of fault, but I believe this only applies if you stay with the same insurer. As your recent scenario has already shown though, you generally see an annual increase anyway (despite another clean sheet) so most people rarely stay with the same company and shop around.
Sadly when you do approach another insurer, your protected NCB counts for very little so you still end up paying more if you had a crash. One of the great insurance scams of recent times IMHO.
Fatman2 said:
No worries
Just to add. The protected NCB thing is supposed to prevent any increases in premium, regardless of fault, but I believe this only applies if you stay with the same insurer. As your recent scenario has already shown though, you generally see an annual increase anyway (despite another clean sheet) so most people rarely stay with the same company and shop around.
Sadly when you do approach another insurer, your protected NCB counts for very little so you still end up paying more if you had a crash. One of the great insurance scams of recent times IMHO.
Not my understanding. No Claims Discount- the clue is in the name Just to add. The protected NCB thing is supposed to prevent any increases in premium, regardless of fault, but I believe this only applies if you stay with the same insurer. As your recent scenario has already shown though, you generally see an annual increase anyway (despite another clean sheet) so most people rarely stay with the same company and shop around.
Sadly when you do approach another insurer, your protected NCB counts for very little so you still end up paying more if you had a crash. One of the great insurance scams of recent times IMHO.
. Its simply a % discount on the premium, which is the thing that the underwriters want to protect you. Your premium is £100 with a 40% NCD = £60. When the premium is £200, your pocket gets hit to the tune of £120.The silver lining is that you saved £80, which is nice
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