You can’t whinge about that. Get yourself a few free credit card that gives you spot currency rates like Halifax Clarity. Plenty of others around.Originally Posted by TKH
You can’t whinge about that. Get yourself a few free credit card that gives you spot currency rates like Halifax Clarity. Plenty of others around.
Small update, after increasing from £800 to £1,500, I've searched around a bit more and found Quidco Compare pretty good. I ended up going with the AA for £1,000 with quite a few extra bits of cover, and Quidco give you £45 cashback, so moderately more acceptable.
Shameless referral but in case anyone isn't on Quidco, you and I both get £15 if you sign up here: https://www.quidco.com/raf/551723/
Thanks for the heads-up, I'm already a member but didn't realise that they had a comparison tie-in with Moneysupermarket, it's that time of year and got a few good quotes made even better with an extra 45 quid off
I'm afraid you're correct TKH, the powers/owners must see us as barely sentient tax paying meat sacks to be data mined by their mates.
Have some bunting, look more Footie or Britain's got talent, is on the Telly and they've closed off the easy route to the Exits' for the ordinary people, while safeguarding their money escape routes, all in the name of greater freedom, taking something meaningless back, diabolically clever really...be like shooting 'happy' british fish who voted themselves into a barrel...
Last edited by Passenger; 9th February 2024 at 13:05.
Is it possible to accept a higher voluntary excess, and insure this voluntary excess separately? (with another company, for example?)
'Against stupidity, the gods themselves struggle in vain' - Schiller.
Yes it is. I've done it, and claimed successfully after an own fault mishap. The extra policy cost twenty something pounds and they paid out a four or five hundred pounds excess.
I'm not so sure.
Are you saying there's collusion between competing companies?
Neighbours car was stolen last night so I checked the cameras.
22:59 they drive down the road very slow
23:00 a solo guy walks back up and goes a few doors further down than the car stops and turns around.
23:01 he gets in the car
23:02 car lights turn on
23:03 engine runs on and he drives off
The car wasn’t even on a drive and it doesn’t look to be a relay attack.
You’ve guess it, JLR. Second JLR theft on our street in about 6 months. Cant stand insurance but I wouldn’t want to be in the business of insuring anything JLR right now. Insane.
In my limited experience it’s the crash repair quotes that are pushing up premiums. First question I was asked was whether it was an insurance job or not: four times the price if so - for the same work.
An app where you could enter your postcode, few details (age etc) plus a list of cars and get the likely insurance cost of each would be a winner.
Insurance groups are pretty meaningless, not sure why they bother with these TBH and it’s painful entering details for each car you might be interested in.
Or maybe there’s already a simple way I’ve missed?
Agree, I’ve not seen one, but it would be great!
I have found, that more specialist cars (the sort that have owners clubs), that aren’t the obvious choice of some of societies dregs seem to get cheap insurance.
My Z4M was cheap, my Mini JCW was not, my M4 made the JCW seem cheap, S2000 in 2007 was cheap as too expensive at the time for pond dwellers, it then became daft & is now more sensible as the prices for the cars have gone daft & it’s no longer as affordable for the masses.
The Porsches still amaze me from an insurance vs speed balance. FIL has just got a new 911 Turbo and the insurance was cheaper than his 2023 911 GTS cab which makes very little sense. I know the ‘soft tops get slashed’ comments, but when did that last really happen after the 90s?
I see the MX5 is 35 years old now, you’d have thought there was a thread for it on here give the popularity!
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from my experience dealing with car and bike insurance the only 2 criteria for cost are >
what sort of day they are having when you call them
how much do they think they can get away with
Think we got lucky with renewal last week. Audi Q3 and Mini Cooper, the latter having our 21 year old and freshly qualified 17 year old son as named drivers. Was holding my breath but came in under £900 all in. Phew.
My insurer for the past 19-years hiked the renewal price up from £355, to £685.
Confused dot com found a broker doing equivalent insurance at £312.
Job done.
Jaguar FPace 2022 P400e. Last year £687.27, this year £784.44. Done through ‘Jaguar’ insurance (I know it’s punted out).
Tried Go Compare and could only save about 60 quid so will probably pay up.
Started out with nothing. Still have most of it left.
I WentCompared, and the quotes for my XC40 T4 were coming in about the same as last year (~£370). Having my 20 year old son as a named driver would have increased it to £2000. Having my other half as a named driver will apparently reduce the premium to £346.
Last edited by hogthrob; 19th February 2024 at 17:31.
Absolute piss-take.
Legal requirement yet companies free to charge whatever they feel like - seems bent to me.
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That's a big increase - possibly your insurer no longer wants your business. What are other quotes looking like ? Out of curiosity what car is this for ?
Absolute piss-take.
Legal requirement yet companies free to charge whatever they feel like - seems bent to me.
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I’d assumed that with mine. Turned out it was still the cheapest out there. Based on the prices I keep seeing, I’m still in a great position.
2017 Beemer 5-series tourer, 535. 4th year of insurance of it. I’m mid 40’s and an Advanced Driver/fellow member of IAM.
Last year was an increase too, and many insurers are refusing to quote.
I called a broker and he said that Nottingham had become an area that many didn’t want to do business in, but he couldn’t give me any facts as to why.
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So nothing wildly exotic. Hopefully you can find suitable cover at a decent price. If you haven't already seen it Martin Lewis Money Saving Expert has some tips on bringing down the cost of cover
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Seat Leon fr worth 8kish
Expected much worse after seeing this thread. Had a no fault prang that somehow ended up costing 3k to repair (that's really for another thread) I'll shop around even i it's just to get away from AXA and their incompetence.
That must be something around your personal circumstances. I live in the Nottingham area and just ran a dummy quote on a 2017 535 with business insurance - lowest quote £650, most others around £1000. Who knows what's going on...
Was this:
Absolute piss-take.
Legal requirement yet companies free to charge whatever they feel like - seems bent to me.
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Changed from a ten year old XC60 to a 20 plate Focus ST estate....price went up £60 to £400. More than reasonable.
No changes to circumstances but wife's i3s went from £300 to £600. Best i could do was take £40 off that.
For 3k miles a year.
Cheaper getting a taxi etc etc etc
Admiral multicar eventually got us down to £850 for both. A lot of money but not as bad as first thought.
i get that they are panicking about the newer elec cars and the unknowns of repairing them but the i3 has been about since 2014 so you'd think they have pretty good data on them by now, granted they didn't sell in huge numbers tho.
Alternative way of looking at it ...i was actually amazed that it was so cheap in the first place. as it's a carbon tub, batteries etc etc
Yep, and it’s been cheap to run in all that time no doubt.
I quite miss my i3, it was an early 2014 model, great fun to drive as well.
A guy I work with, a pilot, has an i3S in black, great looking thing with the extra bodywork and the lowered suspension, he loves his!
My wife has never said she's loved a car before until the i3, she adores it and keeps recommending it to people. I pushed for the s on looks alone tbh and i'm glad i did. On the odd occasion that i get to drive it i love it too.
I wonder if more insurers are doing what Admiral did BBC News - Admiral car insurance loses thousands of customers
https://www.bbc.co.uk/news/business-66521490
Happy to lose volume but look for profitability
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I suspect loads of those people leaving have no choice and can't afford the huge increases. They'll have switched to those branded insurance products underwritten by a third party...ones like AA, RAC, Post Office etc. I'm always a bit suspicious of using those as I always see a few poor reviews from people having to make a claim.
What isn't broken down is where Admiral made profit last year. In 2023, the industry paid out 110% of collected premiums in claims on car insurance. The figure was 122% for home insurance. Admiral may have made profits in other areas such as commercial insurance.
Mostly from selling ancillary services such as legal expenses, breakdown etc.
^^^Capitalism. Who’d have thunk it.
As we slowly slide towards socialism the cost of living is increasing. Tax revenue has never been higher yet society is breaking down. But it’s the Tories! Well, they’re certainly a large problem but the lack of personal responsibility also is. I can’t imagine a central insurance fund, where no matter how you drive, insurance is covered would work. Or does socialism have another solution?
I saw your post, then saw the author. Surprise! It's all the fault of the Lefties, including those Tory ones.
Bring on the Fourth Reich, eh?
Pleasantly surprised with a £10 reduction on my run around on last years premium. Is a 15 year old VW so certainly nothing exotic, but nevertheless expected an increase. £187.00 for the year.
Don’t think I will be quite as fortunate on the Abarth in a few months but we will see…….
I am thinking of getting a second car - I sold my last (and MX5!) 18 months ago. I only need a 'shopping trolley' so got a quote for a newish, basic Toyota Yaris.
Bearing in mind the last policy I had for the MX5 cost around £330 I was rather shocked to be asked for £940 by Direct. Out of interest, I asked for a quote for a new Honda Type R costing twice as much and with three times the power - an extra payment of just £85 (£1025 all in)
How these two quotes are arrived at is beyond me - unfortunately, so is the idea of a second car with insurance costs like this :(
I suspect the fact they were the best selling car in the UK for years and years rather skews the results - more than any other car on the streets so more you can nick!
Happy with my Transit campervan insurance renewal. It had gone up, but I have just had it serviced by Ford which has given me 12 months free breakdown cover. Removing the breakdown cover option from my insurance renewal has brought this years premium down to within a fiver of last years. I'll call that a win overall.
My renewal has gone up my £30 to £578 for a 2013 Boxster S. 6,000 mls/yr, 3pts, 1 no fault accident and 2 yrs NCD.
Go figure when seeing some of the quotes here?
Much of this is location based. Even though I live in a nicer area of Greater London, the number of car thefts is ridiculous. Only the other week, my CCTV caught two scumbags hiding behind the hedge in my front garden carrying a huge Stihl angle grinder. Fortunately they weren't after my crappy Fiesta and were on their way once the person on the road had gone (I presume they didn't want to be spotted carrying the angle grinder).
That’s what I never understand about London, and one of the reasons I moved away. Every nice part of London rubs shoulders with the grubby bits, with huge divisions of wealth within very short distances - you’re never far from an individual who wants to take your possessions away. So ultimately it’s all a big melting pot. It seems the insurers have come to the same conclusion!
Yep. It's just one of those things you put up with. I used to live "behind the wire" on military bases. Didn't really matter if you left your car or front door unlocked, it was great. Now even if I'm in my garage, I don't like leaving the door up in case someone from the road scopes out something they might want to come back and nick. I'd move out but my wife works in central London and doesn't want to commute further than zone 5.
As an update, had car off the road for a little bit, so I just re-insured with Admiral yesterday and it was £830-ish, with zero NCB as is used elsewhere.
Not cheap, but half of my renewal!!
What has changed - nothing!
It’s just made up as they go along.
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