Insurance hike

[james-witton]

My renewal quote has just arrived.
Over 100% increase.

I called and explained that no details had changed, just 6500 miles of no claim motoring.
"It's the algorithm sir" was the reply.

Anybody else this had such a hike?

It was that company with the big red telephone on wheels. Always been quite reasonable before.
Needless to say I'm now looking around.

James

[AMDBSVNick]

That's a new one on me James but I'll certainly give it a bash in the future

[AMTony]

Was with RAC and cost was £540 p.a.
Renewal was in Dec and when i declared cameras been fitted, cost increased to to £2400.
Went to Locktons who IMO are best suited to the brand and are reasonable in cost.

[Dobie177]

AMTony said:

Was with RAC and cost was £540 p.a.
Renewal was in Dec and when i declared cameras been fitted, cost increased to to £2400.
Went to Locktons who IMO are best suited to the brand and are reasonable in cost.

+1 for Locktons. I've always found them very reasonable and they work off pre-agreed market values which, I think, is important.

[steveatesh]

Bloody hell James, I didn't realise Bishop Auckland was getting so rough! I'll stay in Sunderland, obviously a more salubrious place than those lovely county market towns

[james-witton]

steveatesh said:

Bloody hell James, I didn't realise Bishop Auckland was getting so rough! I'll stay in Sunderland, obviously a more salubrious place than those lovely county market towns

I'm thinking of moving to Pennywell.
Anything to lower the premium.

[divetheworld]

I was with Priviledge and they suddenly wanted a £2k excess for no reason I could fathom so said goodbye and went to Admiral. Their premium went up by a huge amount despite my license becoming clean so took AMDNicks advise and went to Aviva. Very happy with them and the premium.

[yourtheguy]

Hi just had my renewal and it's actually gone down a few quid to £257, that's with Privilege.
They want more for my XC70 £333, work that one out??

[NeinFondue]

divetheworld said:

I was with Priviledge and they suddenly wanted a £2k excess for no reason I could fathom so said goodbye and went to Admiral. Their premium went up by a huge amount despite my license becoming clean so took AMDNicks advise and went to Aviva. Very happy with them and the premium.

Personally, I prefer going with the highest possible excess to lower the premiums. Unless it is a daily driver, the risk is lower and therefore you may be paying more than you need to..

[divetheworld]

NeinFondue said:

divetheworld said:

I was with Priviledge and they suddenly wanted a £2k excess for no reason I could fathom so said goodbye and went to Admiral. Their premium went up by a huge amount despite my license becoming clean so took AMDNicks advise and went to Aviva. Very happy with them and the premium.

Personally, I prefer going with the highest possible excess to lower the premiums. Unless it is a daily driver, the risk is lower and therefore you may be paying more than you need to..

True. But the £2k was compulsory and the premium was the same as when it was just a couple of hundred.
When I went to Aviva, I got a good quote and then pumped up the excess.
Then I took out excess insurance that cost less than the saving. Win-win!!

[NeinFondue]

divetheworld said:

True. But the £2k was compulsory and the premium was the same as when it was just a couple of hundred.
When I went to Aviva, I got a good quote and then pumped up the excess.
Then I took out excess insurance that cost less than the saving. Win-win!!

[FFM]

hi guys,

do you know of any insurer who are competitive on on-street parked cars? I am currently with Chubb but they are hiking my premium. Locktons they will not insure/not competitive for on-street parking.

location is quite safe (sw7/w8).

Thanks,
F

[V12PJN]

Very boring but the Government changed the Ogden rate which has resulted in all Insurers putting their rates up.
More good news is that the Insurance premium Tax rate goes up to 12% on 1st June

[james-witton]

Locktons seem to be much more sensible.

[J12MOC]

Track day cover with Locktons through the AMOC was a lot less compared to specialised track day insurers.

[AMDBSVNick]

V12PJN said:

Very boring but the Government changed the Ogden rate which has resulted in all Insurers putting their rates up.
More good news is that the Insurance premium Tax rate goes up to 12% on 1st June

For the benefit of all

http://www.perryappletons.com/pdfs/Ogden%20Discoun...

[hashluck]

AMDBSVNick said:

For the benefit of all

http://www.perryappletons.com/pdfs/Ogden%20Discoun...

Thanks Nick

[phil 5 aston]

Privilege upped my premium from £340 to £380 for my 2013 DB9, no mention of excess uplift, did shop around but could find no cheaper!!