Insurance prices change MASSIVELY each day?
Discussion
Hi. So basically, I have a pretty poor driving record, so I already pay quite the premium for insurance - which is fine. Higher risk = more expensive. I get that.
Anyway, I finally started to get some 'reasonable' quotes to get me back on the road (£2500 per year) - but the problem is that on any given day, the prices can be as low as this and then up to around £4000 at minimum and then even sometimes completely unable to get a quote.
For example, on Tuesday, I was able to get a quote of around £2500 on quite a list of cars (I tried about 30). However, since Tuesday, i'm no longer even getting quotes from these insurers (Admiral, Elephant, and Diamond). The 'cover start date' is set well in advance by about 12 days too. I've even tried using icognito browsing and changing the contact details to see if it's caused by stored cookies - but even this has also failed me now as well.
It sucks because I can't even use the old quotes that I've got saved because I didn't use the registrations of the couple of vehicles that I'd actually be interested in buying. So if i attempt to change these saved quotes to match the registrations of the cars that I'd like to buy then I lose the price of the quotes I have saved completely (and instead get daft offers north of £4000 lol).
I just don't understand the lack of rhytm or rhyme to it all tbh. I know prices change day by day anyway - but how can I be THAT much more of a risk to insure for the year simply depending on the day that I choose to attempt to acquire an insurance quote? On Tuesday the risk I posed was worth £2500 in insurance - and then suddenly, 4 days later, I'm worth around £4000+ in risk to insurance. It makes no sense to me.
There's a huge illogical gap between the pricing on any given day - and it makes searching for a car to buy that much more difficult. Any general rules that I could go by in order to attempt to obtain some more consistent insurance quotes? is it literally just a case of me waiting for another lucky day where I'm deemed more 'insurable' than the rest of the time (and thus able to obtain lower quotes) yet again? Any other options/course of action?
Anyway, I finally started to get some 'reasonable' quotes to get me back on the road (£2500 per year) - but the problem is that on any given day, the prices can be as low as this and then up to around £4000 at minimum and then even sometimes completely unable to get a quote.
For example, on Tuesday, I was able to get a quote of around £2500 on quite a list of cars (I tried about 30). However, since Tuesday, i'm no longer even getting quotes from these insurers (Admiral, Elephant, and Diamond). The 'cover start date' is set well in advance by about 12 days too. I've even tried using icognito browsing and changing the contact details to see if it's caused by stored cookies - but even this has also failed me now as well.
It sucks because I can't even use the old quotes that I've got saved because I didn't use the registrations of the couple of vehicles that I'd actually be interested in buying. So if i attempt to change these saved quotes to match the registrations of the cars that I'd like to buy then I lose the price of the quotes I have saved completely (and instead get daft offers north of £4000 lol).
I just don't understand the lack of rhytm or rhyme to it all tbh. I know prices change day by day anyway - but how can I be THAT much more of a risk to insure for the year simply depending on the day that I choose to attempt to acquire an insurance quote? On Tuesday the risk I posed was worth £2500 in insurance - and then suddenly, 4 days later, I'm worth around £4000+ in risk to insurance. It makes no sense to me.
There's a huge illogical gap between the pricing on any given day - and it makes searching for a car to buy that much more difficult. Any general rules that I could go by in order to attempt to obtain some more consistent insurance quotes? is it literally just a case of me waiting for another lucky day where I'm deemed more 'insurable' than the rest of the time (and thus able to obtain lower quotes) yet again? Any other options/course of action?
On tuesday you were just speculitively looking. Today you added a registration so they gave you the true quote.
Clear you cookies and step away for a day or so. The insurance sites probably have a spam filter that tracks IP addresses. You have just been on one companies sites too often in the past 24 hours
What are you trying to insure and where are you trying to insure it ?
£4000 insurance would get you into some properly nice cars even in some rough areas.
Clear you cookies and step away for a day or so. The insurance sites probably have a spam filter that tracks IP addresses. You have just been on one companies sites too often in the past 24 hours
What are you trying to insure and where are you trying to insure it ?
£4000 insurance would get you into some properly nice cars even in some rough areas.
I'm sure Martin Lewis did a thing on this a few years ago on his TV show; seem to recall the optimum point was 3 weeks before you need cover to start. It's much higher before that date, and gradually increases closer you are to start date.
Can't remember if he went into the whys of it though
Can't remember if he went into the whys of it though
Pinkie15 said:
I'm sure Martin Lewis did a thing on this a few years ago on his TV show; seem to recall the optimum point was 3 weeks before you need cover to start. It's much higher before that date, and gradually increases closer you are to start date.
Can't remember if he went into the whys of it though
I remember the same thing, I thought it was around 21 days before.Can't remember if he went into the whys of it though
I got my renewal down from £240 to £195, but not sure if it was because of it being down around 21 days before or not. Last year was £231 & the cheapest I could have gotten this year according to confused was £169 but the excess was higher and then a few companies I've never heard of.
Edited by thebigmacmoomin on Saturday 7th May 12:29
thebigmacmoomin said:
Pinkie15 said:
I'm sure Martin Lewis did a thing on this a few years ago on his TV show; seem to recall the optimum point was 3 weeks before you need cover to start. It's much higher before that date, and gradually increases closer you are to start date.
Can't remember if he went into the whys of it though
I remember the same thing, I thought it was around 21 days before.Can't remember if he went into the whys of it though
I got my renewal down from £240 to £195, but not sure if it was because of it being down around 21 days before or not. Last year was £231 & the cheapest I could have gotten this year according to confused was £169 but the excess was higher and then a few companies I've never heard of.
Edited by thebigmacmoomin on Saturday 7th May 12:29
98elise said:
thebigmacmoomin said:
Pinkie15 said:
I'm sure Martin Lewis did a thing on this a few years ago on his TV show; seem to recall the optimum point was 3 weeks before you need cover to start. It's much higher before that date, and gradually increases closer you are to start date.
Can't remember if he went into the whys of it though
I remember the same thing, I thought it was around 21 days before.Can't remember if he went into the whys of it though
I got my renewal down from £240 to £195, but not sure if it was because of it being down around 21 days before or not. Last year was £231 & the cheapest I could have gotten this year according to confused was £169 but the excess was higher and then a few companies I've never heard of.
Edited by thebigmacmoomin on Saturday 7th May 12:29
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