Big Jump in NFU Insurance renewal

[PeteB62]

Just wanted to see if any other owners had seen a big jump in there NFU Insurance renewal this year?

For me nothing as changed in circumstances in the 5 years I've been with them and always been good. This year it jumped from £440 to £540, for a 5 year old V8 Vantage and that's with an £85 mutual bonus.

[phumy]

PeteB62 said:

Just wanted to see if any other owners had seen a big jump in there NFU Insurance renewal this year?

For me nothing as changed in circumstances in the 5 years I've been with them and always been good. This year it jumped from £440 to £540, for a 5 year old V8 Vantage and that's with an £85 mutual bonus.

Time for you to move on to a new Insurer and get the nice introductory offers that are always available.

[AdamV12V]

phumy said:

Time for you to move on to a new Insurer and get the nice introductory offers that are always available.

Not disputing that its time for OP to look around, but introductory offers for new customers are now banned.

https://www.theguardian.com/money/2021/dec/30/land...

[Finding Neutral]

That’s probably why the prices have gone up.

Let’s face it an insurance company is not likely to reduce

[bogie]

phumy said:

PeteB62 said:

Just wanted to see if any other owners had seen a big jump in there NFU Insurance renewal this year?

For me nothing as changed in circumstances in the 5 years I've been with them and always been good. This year it jumped from £440 to £540, for a 5 year old V8 Vantage and that's with an £85 mutual bonus.

Time for you to move on to a new Insurer and get the nice introductory offers that are always available.

I thought that practice had changed now, and insurers have to offer the same deal to existing customers as per new.

Last year during Covid with low mileage I insured my 2012 Vantage for £280 for 3k miles, this year back to more normal 5-6k miles and insurance has jumped to £380 with no other changes. >11 years NCB and 51 year old in low risk postcode.

Maybe its inflation either way its time to get a new quote at least for comparison. I did a quick check when I got my renewal and the renewal was £20 cheaper than lowest quote, so all providers were up.

[BiggaJ]

Can't talk of NFU however, my wife just had a renewal through from LV and it's gone down by over £100 year on an Evoque.

I would shop around as the NFU increase seems a little excessive.

[JonnyCJ]

Mine went up as well last year. Phoned the local NFU office and they reduced it to the same as the previous year.

Worth trying before going through the rigmarole.

They’re supposed to be a mutual society ie all profits etc get ploughed back in to reduce premiums for members.

[cayman-black]

We have had this thread before nothing unusual typical method from NFU. I have been with them twice and always have to leave for this reason.

[phumy]

I have a multi-car policy with Admiral and when i added my Audi RS4 to the group policy recently (which was only £141 added) it actually dropped my Aston element of the insurance by £20.

[LordBretSinclair]

My multi car policy with Admiral (Aston and RR) dropped by £60 this year.

[Hereandthere]

Not an Aston, but I insured my 18 reg Porsche Targa 4 GTS with LV last year for £197- over £1000 cheaper than my previous insurance company

[Hereandthere]

Not an Aston, but I insured my 18 reg Porsche Targa 4 GTS with LV last year for £197- over £1000 cheaper than my previous insurance company

[PeteB62]

Thanks chaps for feedback

[milu]

Mine due next month.
Not had my renewal email yet but I don’t think it will beat the £132 that I’ve got online.
Cheapest ever!
I’m not waiting to find out

[Simpo Two]

Following recommendations here, I'm with Mannings. My previous insurer First Direct was about the same but wanted a tracker; Mannings don't require a tracker if the car is under £75K.

[funboxster]

PeteB62 said:

Just wanted to see if any other owners had seen a big jump in there NFU Insurance renewal this year?

For me nothing as changed in circumstances in the 5 years I've been with them and always been good. This year it jumped from £440 to £540, for a 5 year old V8 Vantage and that's with an £85 mutual bonus.

I was with NFU for five years or so, as they were always competitive. However, last April's premium on my 2016 DB11 jumped by £150 to nearly £700! With no claims or accidents.
After a bit of searching, I went with Privilege, with like for like cover for £438. will be shopping around again in April.

[PeteB62]

After doing a carful compare with other cheaper quotes I discovered I had £0 voluntary access on my NFU. Also had 12,000 annual mileage which is double what I have been doing. So with minor tweaks I've managed to get my NFU back to what it was and still better than what I could get by shopping around as the access they add to get low price was unreasonably high. Still does not explain though why the like for like from last year jumped so much.
I will be 60 though this year so not sure this is a key tipping point like young drivers until they get to 25 or are the insurance companies just like Good Fellas, "F'you You Pay"....

[cayman-black]

Did you try Saga Pete?

[PeteB62]

Not yet, will give Saga a spin

[Skittles001]

My NFU renewal came in today. 3 cars. Was £1,767, renewal quote: £12,217. No typos…..

Edited by Skittles001 on Tuesday 1st March 16:57