Increase in BMW Insurance- Any suggestions why or solution ?

[travelbug63]

Hi all,

I was just wondering if anyone is getting increased quotes for their insurance lately and also can you recommend a good broker.

The insurance on my 640d gran coupe is going up about 20% this year, I'm a 53yr old bloke, 7 yrs no claims and no new driving convictions since Jan 13. So despite no new convictions, another yrs NCB, effectively a lower value car, the cost has gone up 20+ %, seems a bit unreasonable !

[anonymous-user]

Quite common for insurers to raise repeat premiums. Go online, get best quote you can then call your current broker/insurer.

Sadly it's something I seem to have to do every year.

[travelbug63]

I have been back on line, that price is with running through one of the online comparison sites and also speaking to Adrian Flux !

[crankedup]

REALIST123 said:

Quite common for insurers to raise repeat premiums. Go online, get best quote you can then call your current broker/insurer.

Sadly it's something I seem to have to do every year.

Your answer in a nutshell, shop around and save a packet.

[cvega]

As others said, shop around. Aviva surprised me last year, beating everyone by £150. Maybe it will work for you.. and they didn't put it up by much this year.

[anonymous-user]

Quite common for insurers to raise repeat premiums. Go online, get best quote you can then call your current broker/insurer.

Sadly it's something I seem to have to do every year.

[crankedup]

whoever you end up insuring with DO NOT go onto a auto renew policy agreement. When they go wrong its a nightmare add to that you are open to annual increases in your premium and these things can be a complete PITA to cancel.

[F10RRSVR]

crankedup said:

whoever you end up insuring with DO NOT go onto a auto renew policy agreement. When they go wrong its a nightmare add to that you are open to annual increases in your premium and these things can be a complete PITA to cancel.

I'm on that policy with Churchill, is it that bad?
It was the cheapest by far, but it ends in April I think, how should I cancel if they raise mey renewal?

[smashy]

I suggest you give this company a ring ask for dave goodman http://tollgateprivateclients.co.uk/

[crankedup]

F10RRSVR said:

crankedup said:

whoever you end up insuring with DO NOT go onto a auto renew policy agreement. When they go wrong its a nightmare add to that you are open to annual increases in your premium and these things can be a complete PITA to cancel.

I'm on that policy with Churchill, is it that bad?
It was the cheapest by far, but it ends in April I think, how should I cancel if they raise mey renewal?

Only you. can decide as to wether your policy is good for your circumstances. You need to contact the organisation that pays out policy premiunm from your account for the auto renewal. Email or write to them instructing them not to pay for the renewal of the policy you wish to no longer require. The policy provider has to seek permission from your 'bank' for the policy premiunm to be paid out. Make sure you get the confirmation that your cancellation instruction has been actioned.
Its all a bit of a performance but worth the time and aggro.

[F10RRSVR]

crankedup said:

Only you. can decide as to wether your policy is good for your circumstances. You need to contact the organisation that pays out policy premiunm from your account for the auto renewal. Email or write to them instructing them not to pay for the renewal of the policy you wish to no longer require. The policy provider has to seek permission from your 'bank' for the policy premiunm to be paid out. Make sure you get the confirmation that your cancellation instruction has been actioned.
Its all a bit of a performance but worth the time and aggro.

Thanks for your help!

[jagr]

cvega said:

As others said, shop around. Aviva surprised me last year, beating everyone by £150. Maybe it will work for you.. and they didn't put it up by much this year.

This was my Aviva quote for my BMW X3 3.0sd




Background info:

I am 42 with a clean license and last year I paid £200 for my X3 2.0d as I had 24 years NCB (I know it doesn't count but shows I have never made a claim).
I also have a C5 Corvette that cost me £300 on a separate policy.

Now the reason for the increase my X3 2.0d was stolen from my drive and stripped for parts at a scrapyard. This is a big reason why BMW insurances are going up.

My renewal had tripled with my then current insurer so went looking for quotes and the received the above Aviva quote which of course I rejected.

In the end I managed to get my X3 3.0sd insured for £370 and C5 Corvette for £320 so not as bad as it could have been but definitely shop around.

[Monty Python]

LV renewal was a bit lower than last year at £464, but going through their website came in at £398.

[RafflesNH]

crankedup said:

whoever you end up insuring with DO NOT go onto a auto renew policy agreement. When they go wrong its a nightmare add to that you are open to annual increases in your premium and these things can be a complete PITA to cancel.

Really? I've been with several 'auto renewal' insurers over the years, and never had trouble cancelling the policy/CCA (Credit Card Authority) if they wouldn't match a cheaper quote elsewhere. Only took a phone call. Very rarely have I ever renewed with an existing insurer unless the premium hike was so small as to not be worth the hassle changing.

[RafflesNH]

smashy said:

I suggest you give this company a ring ask for dave goodman http://tollgateprivateclients.co.uk/

Thanks for this. Will try them next year.

[eybic]

RafflesNH said:

crankedup said:

whoever you end up insuring with DO NOT go onto a auto renew policy agreement. When they go wrong its a nightmare add to that you are open to annual increases in your premium and these things can be a complete PITA to cancel.

Really? I've been with several 'auto renewal' insurers over the years, and never had trouble cancelling the policy/CCA (Credit Card Authority) if they wouldn't match a cheaper quote elsewhere. Only took a phone call. Very rarely have I ever renewed with an existing insurer unless the premium hike was so small as to not be worth the hassle changing.

Same here, no problems cancelling, just tell them not to renew when they send your renewal price through.