Has your insurance gone up?
Discussion
LF5335 said:
You asked me to tell you who wasn’t using it. I have no idea who uses it or doesn’t. I had no idea it existed until you mentioned it. You told me to tell you who want using it. As you can see you were the one who told us “I never said insurers were doing DVLA checks on every customer, for most insurers it is opt in but some do require it”
So what’s the point you’re trying to make? For clarity.
I didn’t know this existed - you were the one championing it
I don’t know who does or doesn’t use it - you were the one who said some do and some don’t and some use it sometimes.
You asked me to tell you who wasn’t using it. Obviously I have no idea.
The point I am making is that insurers can and do run checks of driving licences and claims and underwriting exchange databases before accepting and renewing customers.So what’s the point you’re trying to make? For clarity.
I didn’t know this existed - you were the one championing it
I don’t know who does or doesn’t use it - you were the one who said some do and some don’t and some use it sometimes.
You asked me to tell you who wasn’t using it. Obviously I have no idea.
Twig said they don't and expecting them to do so would increase prices.
About 15 years ago that may have been correct, certainly in the case of checking with the DVLA where it would have required an appliance costing 10s of thousands of £ plus on going fees at thousands of £ per year plus £2.50 per successful request charge, but most certainly isn't the case now as I have clearly demonstrated with that article.
Twig asked which insurers were running checks on 100% I explained, perhaps 2 briefly that it doesn't work like that because customers need to opt in and supply their drivers licence number.
I then re-explained it to you because you didn't seem to understand.
This is not a particular difficult conversation to follow I feel like you are just picking random arguments because you like to argue with me for some reason.
e-honda said:
The point I am making is that insurers can and do run checks of driving licences and claims and underwriting exchange databases before accepting and renewing customers.
Twig said they don't and expecting them to do so would increase prices.
About 15 years ago that may have been correct, certainly in the case of checking with the DVLA where it would have required an appliance costing 10s of thousands of £ plus on going fees at thousands of £ per year plus £2.50 per successful request charge, but most certainly isn't the case now as I have clearly demonstrated with that article.
Twig asked which insurers were running checks on 100% I explained, perhaps 2 briefly that it doesn't work like that because customers need to opt in and supply their drivers licence number.
I then re-explained it to you because you didn't seem to understand.
This is not a particular difficult conversation to follow I feel like you are just picking random arguments because you like to argue with me for some reason.
I’m sure they do, but:Twig said they don't and expecting them to do so would increase prices.
About 15 years ago that may have been correct, certainly in the case of checking with the DVLA where it would have required an appliance costing 10s of thousands of £ plus on going fees at thousands of £ per year plus £2.50 per successful request charge, but most certainly isn't the case now as I have clearly demonstrated with that article.
Twig asked which insurers were running checks on 100% I explained, perhaps 2 briefly that it doesn't work like that because customers need to opt in and supply their drivers licence number.
I then re-explained it to you because you didn't seem to understand.
This is not a particular difficult conversation to follow I feel like you are just picking random arguments because you like to argue with me for some reason.
1. It’s not free
2. That cost has to be recouped
3. It’s clearly optional for both insurers and customers
4. If customers opt out, then is that a fraud / refuse to deal trigger?
I’m still not sure what the relevance of this discussion is to the wider topic.
LF5335 said:
I’m sure they do, but:
1. It’s not free
2. That cost has to be recouped
3. It’s clearly optional for both insurers and customers
4. If customers opt out, then is that a fraud / refuse to deal trigger?
I’m still not sure what the relevance of this discussion is to the wider topic.
1. Its better than free, its a net benefit, according to the article estimated saving to the industry was 1.8 billion in the first 5 years. 1. It’s not free
2. That cost has to be recouped
3. It’s clearly optional for both insurers and customers
4. If customers opt out, then is that a fraud / refuse to deal trigger?
I’m still not sure what the relevance of this discussion is to the wider topic.
2. Quite the opposite.
3. Not entirely sure what you mean. No insurer is under any obligation to do these checks they are doing it because it is in their own interest, If they optionally ask for it and the consumer provides it then anything that should come up as part of that check becomes something the insurer ought to have known about and there are legal implications for anything the insurer ought to have known about.
4. If customers choose not to give their licence number, either because they don't want to consent to it being checked, or more likely just because they don't have it to hand then that is entirely up to them and entirely up to the insurer what to do.
Cuvva as previously mentioned require it, so basically you can't even get a quote without providing your licence number, most insurers don't but some like admiral require it for certain customers to buy, so they'll give you a quote but based on something you tell them they may decide they aren't going to sell to you unless they have validated your licence information.
As for why it's relevant, you are discussing it with me, by your own choice.
Its part of the topic of how insurers come up with their prices so I would say relevant to this thread.
Far more interesting than the random smattering of people popping by to say they were happy there insurance only went up £300 or they are very unhappy that it went up by £30 then occasionally when someone is particularly unhappy with their price someone will mansplain how inflation or insurance works and insisting it must be a fair reflection of their current risk to the insurer.
Then me occasionally biting and trying to explain that it is not that simply and that various non risk related factors go into calculating the price, you and twig vehemently denying it until we get to the name calling.
Renewal arrived from Churchill on my ratty old shed, Fiat Panda 4x4. £154 last year, £230 this year.
Advised them that SWMBO had a no-fault bump in her own car last May - Churchill then decline to renew.
I get a quote from MoneySupermarket, including SWMBO (with accident declared) - cheapest is Churchill….
Contact Churchill to ask why they’ve declined to renew, but they are quoting OK on MoneySupermarket.
Churchill call centre “speaks to manager” and they decide to offer a renewal after all - £320.
I point out that Churchill are quoting £218 through MoneySupermarket.
Churchill “speaks to manager” again - “we’ll do it for £216”…..
I was tempted to tell them to do one, but I’m from Yorkshire, so my bank balance trumped my principles and I renewed. Still a 30%+ increase though
Advised them that SWMBO had a no-fault bump in her own car last May - Churchill then decline to renew.
I get a quote from MoneySupermarket, including SWMBO (with accident declared) - cheapest is Churchill….
Contact Churchill to ask why they’ve declined to renew, but they are quoting OK on MoneySupermarket.
Churchill call centre “speaks to manager” and they decide to offer a renewal after all - £320.
I point out that Churchill are quoting £218 through MoneySupermarket.
Churchill “speaks to manager” again - “we’ll do it for £216”…..
I was tempted to tell them to do one, but I’m from Yorkshire, so my bank balance trumped my principles and I renewed. Still a 30%+ increase though
Mine went up around 15% (renewal from same insurer) so not so bad compared to some of the increases reported on here.
Probably been mentioned many times already but far too many pages to check - was wondering if any part of the general uplift in premiums is down to a greater number of people buying new cars on PCP/lease deals?
Anecdotally, in my area (SE), I'd say 40-50% of the cars I see daily are less than 3 years old & I assume most are via a finance agreement rather than bought outright. No issue with that - people can spend their money how they want.
More related to the cost of replacement OEM parts on newer cars, even on base models, headlight assemblies can run to £1K+, wing-mirrors several hundred etc.
A mild front-end shunt needing new lights, bumper etc can easily run to £5K with labour costs nowadays, never mind the cost of a hire car & other claims.
With more & more newer cars on the road, accident repair costs at all levels must be more than their average equivalent a few years back.
Probably been mentioned many times already but far too many pages to check - was wondering if any part of the general uplift in premiums is down to a greater number of people buying new cars on PCP/lease deals?
Anecdotally, in my area (SE), I'd say 40-50% of the cars I see daily are less than 3 years old & I assume most are via a finance agreement rather than bought outright. No issue with that - people can spend their money how they want.
More related to the cost of replacement OEM parts on newer cars, even on base models, headlight assemblies can run to £1K+, wing-mirrors several hundred etc.
A mild front-end shunt needing new lights, bumper etc can easily run to £5K with labour costs nowadays, never mind the cost of a hire car & other claims.
With more & more newer cars on the road, accident repair costs at all levels must be more than their average equivalent a few years back.
Have been shopping for a personal policy as our family fleet isn’t getting renewed this year
Did a quote on my SLS
28, 6 points, 0 NCB as was on family fleet for 7 years claim free. London postcode. Also have 2 years NCD on an old policy a few years back but ofcourse! NCB is only valid if it’s within the last 2 years!
Cheapest was £11,045.
Thought ok, maybe I’ll SORN the car until things cool down.
Done a quote on my E39, £5800.
It’s completely out of hand, we work hard and get our pants pulled down right infront of us!!!
Did a quote on my SLS
28, 6 points, 0 NCB as was on family fleet for 7 years claim free. London postcode. Also have 2 years NCD on an old policy a few years back but ofcourse! NCB is only valid if it’s within the last 2 years!
Cheapest was £11,045.
Thought ok, maybe I’ll SORN the car until things cool down.
Done a quote on my E39, £5800.
It’s completely out of hand, we work hard and get our pants pulled down right infront of us!!!
Planetstank said:
Have been shopping for a personal policy as our family fleet isn’t getting renewed this year
Did a quote on my SLS
28, 6 points, 0 NCB as was on family fleet for 7 years claim free. London postcode. Also have 2 years NCD on an old policy a few years back but ofcourse! NCB is only valid if it’s within the last 2 years!
Cheapest was £11,045.
Thought ok, maybe I’ll SORN the car until things cool down.
Done a quote on my E39, £5800.
It’s completely out of hand, we work hard and get our pants pulled down right infront of us!!!
28, and an SLS & E39. Perhaps we'll start a Just Giving page!Did a quote on my SLS
28, 6 points, 0 NCB as was on family fleet for 7 years claim free. London postcode. Also have 2 years NCD on an old policy a few years back but ofcourse! NCB is only valid if it’s within the last 2 years!
Cheapest was £11,045.
Thought ok, maybe I’ll SORN the car until things cool down.
Done a quote on my E39, £5800.
It’s completely out of hand, we work hard and get our pants pulled down right infront of us!!!
You have an SLS, in London, with no bonus and 6 points on your licence. And you're under 30. Is £11K out of hand? Not sure I'd be happy to provide you with £50m tp property damge, unlimited tp inury damage, plus cover for the SLS, for £11K. Or in reality much less than that by the time I'd handed over 12% IPT, paid my FCA levy, etc etc.
Does anyone know the reasons behind why insurance premiums have gone up so much?
Could it be that there are more uninsured drivers on the roads, and insurance companies must recoup the cost of a driver being hit by one of these, from those who `do' actually pay for their insurance?
Could it be that EVs are a problem for insurance companies, because of their very high initial purchase costs, and because it does not take too much damage to an EV, for it to be written off by the insurance company. This may also be affected by the insurance companies not wanting to charge vast premiums (commensurate with an EVs high purchase price) to insure an EV, so as to help encourage the public to buy an EV, over an ICEV?
Could it be that the general standard of driving is going down, only held in check by the relative safety of modern vehicles? Could it be that the increased volume of traffic on UK roads, means that the chances of having an RTA for everyone has increased.
Could it be that cost of accident litigation, accident repairs, and replacement parts, has massively increased in the last couple of years?
Anyone got any ideas why insurance for even `ordinary' cars has rocketed so much?
Could it be that there are more uninsured drivers on the roads, and insurance companies must recoup the cost of a driver being hit by one of these, from those who `do' actually pay for their insurance?
Could it be that EVs are a problem for insurance companies, because of their very high initial purchase costs, and because it does not take too much damage to an EV, for it to be written off by the insurance company. This may also be affected by the insurance companies not wanting to charge vast premiums (commensurate with an EVs high purchase price) to insure an EV, so as to help encourage the public to buy an EV, over an ICEV?
Could it be that the general standard of driving is going down, only held in check by the relative safety of modern vehicles? Could it be that the increased volume of traffic on UK roads, means that the chances of having an RTA for everyone has increased.
Could it be that cost of accident litigation, accident repairs, and replacement parts, has massively increased in the last couple of years?
Anyone got any ideas why insurance for even `ordinary' cars has rocketed so much?
Pan Pan Pan said:
Does anyone know the reasons behind why insurance premiums have gone up so much?
Could it be that there are more uninsured drivers on the roads, and insurance companies must recoup the cost of a driver being hit by one of these, from those who `do' actually pay for their insurance?
Could it be that EVs are a problem for insurance companies, because of their very high initial purchase costs, and because it does not take too much damage to an EV, for it to be written off by the insurance company. This may also be affected by the insurance companies not wanting to charge vast premiums (commensurate with an EVs high purchase price) to insure an EV, so as to help encourage the public to buy an EV, over an ICEV?
Could it be that the general standard of driving is going down, only held in check by the relative safety of modern vehicles? Could it be that the increased volume of traffic on UK roads, means that the chances of having an RTA for everyone has increased.
Could it be that cost of accident litigation, accident repairs, and replacement parts, has massively increased in the last couple of years?
Anyone got any ideas why insurance for even `ordinary' cars has rocketed so much?
Rampant inflation. Could it be that there are more uninsured drivers on the roads, and insurance companies must recoup the cost of a driver being hit by one of these, from those who `do' actually pay for their insurance?
Could it be that EVs are a problem for insurance companies, because of their very high initial purchase costs, and because it does not take too much damage to an EV, for it to be written off by the insurance company. This may also be affected by the insurance companies not wanting to charge vast premiums (commensurate with an EVs high purchase price) to insure an EV, so as to help encourage the public to buy an EV, over an ICEV?
Could it be that the general standard of driving is going down, only held in check by the relative safety of modern vehicles? Could it be that the increased volume of traffic on UK roads, means that the chances of having an RTA for everyone has increased.
Could it be that cost of accident litigation, accident repairs, and replacement parts, has massively increased in the last couple of years?
Anyone got any ideas why insurance for even `ordinary' cars has rocketed so much?
Pan Pan Pan said:
Does anyone know the reasons behind why insurance premiums have gone up so much?
Could it be that there are more uninsured drivers on the roads, and insurance companies must recoup the cost of a driver being hit by one of these, from those who `do' actually pay for their insurance?
Could it be that EVs are a problem for insurance companies, because of their very high initial purchase costs, and because it does not take too much damage to an EV, for it to be written off by the insurance company. This may also be affected by the insurance companies not wanting to charge vast premiums (commensurate with an EVs high purchase price) to insure an EV, so as to help encourage the public to buy an EV, over an ICEV?
Could it be that the general standard of driving is going down, only held in check by the relative safety of modern vehicles? Could it be that the increased volume of traffic on UK roads, means that the chances of having an RTA for everyone has increased.
Could it be that cost of accident litigation, accident repairs, and replacement parts, has massively increased in the last couple of years?
Anyone got any ideas why insurance for even `ordinary' cars has rocketed so much?
This was Aviva’s justification:Could it be that there are more uninsured drivers on the roads, and insurance companies must recoup the cost of a driver being hit by one of these, from those who `do' actually pay for their insurance?
Could it be that EVs are a problem for insurance companies, because of their very high initial purchase costs, and because it does not take too much damage to an EV, for it to be written off by the insurance company. This may also be affected by the insurance companies not wanting to charge vast premiums (commensurate with an EVs high purchase price) to insure an EV, so as to help encourage the public to buy an EV, over an ICEV?
Could it be that the general standard of driving is going down, only held in check by the relative safety of modern vehicles? Could it be that the increased volume of traffic on UK roads, means that the chances of having an RTA for everyone has increased.
Could it be that cost of accident litigation, accident repairs, and replacement parts, has massively increased in the last couple of years?
Anyone got any ideas why insurance for even `ordinary' cars has rocketed so much?
We are continuing to experience increases on motor fleet premiums due to the rising cost of vehicle repairs and related claims costs, caused by several factors, including advances in vehicle technology and global supply chain delays impacting the availability and cost of spare parts and of courtesy vehicles. These factors continue to significantly impact motor insurance premiums.
TwigtheWonderkid said:
28, and an SLS & E39. Perhaps we'll start a Just Giving page!
You have an SLS, in London, with no bonus and 6 points on your licence. And you're under 30. Is £11K out of hand? Not sure I'd be happy to provide you with £50m tp property damge, unlimited tp inury damage, plus cover for the SLS, for £11K. Or in reality much less than that by the time I'd handed over 12% IPT, paid my FCA levy, etc etc.
Personally, I think 11k is bat shxt crazy for any cover. I’ve had my license 10 years, no claims ever. The use of NCB is also pathetic, it barely drops the price online. So there’s basically zero chance of a good deal. You have an SLS, in London, with no bonus and 6 points on your licence. And you're under 30. Is £11K out of hand? Not sure I'd be happy to provide you with £50m tp property damge, unlimited tp inury damage, plus cover for the SLS, for £11K. Or in reality much less than that by the time I'd handed over 12% IPT, paid my FCA levy, etc etc.
My brothers are in their late 30’s, one nearly 40. One had a quote on his 360 it was 4k, the other is paying 3.8k on a 530e with 7 years NCB. Insurers usually apply max discount at 5+ years NCB.
The insurance system here is pathetic and it’s because people just continue to pay these crazy prices as there is no other choice.
Planetstank said:
Personally, I think 11k is bat shxt crazy for any cover. I’ve had my license 10 years, no claims ever. The use of NCB is also pathetic, it barely drops the price online. So there’s basically zero chance of a good deal.
My brothers are in their late 30’s, one nearly 40. One had a quote on his 360 it was 4k, the other is paying 3.8k on a 530e with 7 years NCB. Insurers usually apply max discount at 5+ years NCB.
The insurance system here is pathetic and it’s because people just continue to pay these crazy prices as there is no other choice.
You could argue the same about everything. SLS are just pathetic as people continue to pay these crazy prices for them as there is no other choice. My brothers are in their late 30’s, one nearly 40. One had a quote on his 360 it was 4k, the other is paying 3.8k on a 530e with 7 years NCB. Insurers usually apply max discount at 5+ years NCB.
The insurance system here is pathetic and it’s because people just continue to pay these crazy prices as there is no other choice.
Planetstank said:
The insurance system here is pathetic and it’s because people just continue to pay these crazy prices as there is no other choice.
My 2015 BMW 528i cost me £250 last September and I have been pondering getting an F Type as a second car and have got quotes starting at £520 with zero no claims. If I can find somebody to mirror my full no claims, or get a multi car policy it will be even cheaper.
Even a 2018 M5 is only £745 with zero no claims.
Monkeylegend said:
Not for all of us.
My 2015 BMW 528i cost me £250 last September and I have been pondering getting an F Type as a second car and have got quotes starting at £520 with zero no claims. If I can find somebody to mirror my full no claims, or get a multi car policy it will be even cheaper.
Even a 2018 M5 is only £745 with zero no claims.
Would be 5x the amount in London My 2015 BMW 528i cost me £250 last September and I have been pondering getting an F Type as a second car and have got quotes starting at £520 with zero no claims. If I can find somebody to mirror my full no claims, or get a multi car policy it will be even cheaper.
Even a 2018 M5 is only £745 with zero no claims.
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