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Quick question here. Anyone renewed recently, is it significantly more expensive this year?
Our renewal has jumped from £268 to £539. Cheapest alternative is £502. Massive jump!
Yes!
£190 last year, £350 this year, next cheapest was £500+
No, not here. Direct Line, 9yrs no claims fully comp on Renault Master went up £20. Good company, nice people.
Sorry, Dial Direct.
Renewal went up loads, got a slight reduction by shopping around.
Yeah, went up by a reasonable chunk and couldn’t find cheaper shopping around, which is unusual.
SO’s went up significantly. Nearly doubled. Direct Line.
Rang up to renew closer to the date as that usually knocks a chunk off. No change.
Comparison sites were similar.
£1800 for a 54bhp 2002 VW Polo.
(17yo)
ABI report came out last week detailing 30% increase in cost of repairs - parts, labour, overheads all going up for garages, it gets passed on.
Yup, jumped from £600 to £740 for our multicar policy, closest I can get on comparison sites was £700 but our insurance co has a good reputation so happy to pay the extra £40.
Having just dealt with a write off claim, my advice is to avoid AA. Total scumbags.
Went on Meercat thing for our ancient Volvo - got same price as last year but with a years AA recovery included (single annual call out but recovery to anywhere in UK) so effectively £30 cheaper than last year's.
Our '15 plate Mii has just gone up a whopping £6 for the year 🙂
Having just dealt with a write off claim, my advice is to avoid AA. Total scumbags.
Ah! That's who I went with. It's insurance though - they are all ****s
EVs aren't helping, "BEV claims are already ~25.5% more expensive than their ICE equivalents and take ~14% longer to repair"
"HV batteries represent a substantial percentage of the original vehicle value, typically costing between £14,200 – £29,500. They negatively impact the economic model of vehicle repair when HV system damage is identified due to their cost as a percentage of the car’s market value"
Essentially, the industry doesn't have the means to evaluate the extent of any damage to a battery https://www.thatcham.org/thatcham-research-innovate-uk-bev-report-2023/
This ⬆️
I was recently training a guy who works in waste recycling insurance. He had lots of very scary tales of "scrapyards" (for want of a better word) which have piles of EVs and hybrids stacked up as far away from any buildings or other stock as they can because there is literally no way to handle the cells.
More EVs are being written off because there's no way of assessing damage to the cells. And knock on effects include longer periods of vehicle hire etc etc. From what I can gather there's a massive parts shortage for EVs too as it's all ploughed into new car production.
Some interesting tales about the Renault (?) model where the battery is rented but the car is bought. Some insurers are apparently playing hard ball when paying out as There's another interested party in the car.
All of this is extra ££ which will be shared by all drivers.
3 different cars and a caravan re-insured over last few months. All went up a bit, but not significantly.
No, not here, despite an extra 3 points...
I'm just awaiting the insurance on the 'kids' car - due November. It's already £80 a month. My car is £12 a month.
Ours are basically the same as last year @£150 for one car and £340 for the other - which is an EV.
My renewal quote was £540. Have just shopped around and renewed for £250.
Both our cars have just come up for renewal – one has doubled in price (but we changed car part-way through so not a real reflection) but the other has gone up from £300 to £450. I shopped around and on the first car I could only save £4 by changing (but the insurer has crap reviews) and on the second car moving would have cost me more by £20. (No changes in personal details such as accidents, fines etc).
my advice is to avoid AA. Total scumbags.
I'm pretty sure there just quoting for other companies (a broker), they don't offer insurance themselves
I always ask for a few quotes from the main companies, as the 'cheapest' quote from Moneysupermarket/compare et all, turn out to be shite insurance companies who are more hassle to deal with, than paying a little more to a proper company. Not saying it's infallible but.. but anyways I've found Direct line to be on the ball for renewals, though I am at the age when I can get a quote from Saga
Mines just gone up from £280 to £480. Shopped around but couldnt save more than about £20 elsewhere.
They did send a letter saying sorry for the increase though, which was nice. And blamed it on increased repair costs and also more claims.
This is affecting the 'fun 2nd car' market a lot (along with ULEZ). Seeing loads coming up for sale on Facebook at prices people wouldn't have accepted a couple of years ago. The cost/fun ratio is turning very much in the 'not affordable' direction.
As an owner of an old car I do object to funding peoples new car insurance because they are loads more expensive to repair due to their tech. Cover the cost of repairing mine, not someones Tesla as well.
Ours has increased by a third. It's a PHEV which chimes with battery issues as above.
Shopping around (money supermarket so far) is about the same. Direct line was 300% more...
Cover the cost of repairing mine, not someones Tesla as well.
The problem is that you could drive into the back of a Tesla...
my churchill sky rocketed, shopped around paid circa £30 more than last year, hopefully £25 quidco cashback pays out in 5 years time
Both ours went up (mine £250 to £350 and OH's £250 to £410), but my OH did claim last year after crashing on black ice, and she's also a named driver on mine.
I stayed with my insurance company as they were competitive, but the OH moved as her old company wanted double the going rate.
Cover the cost of repairing mine, not someones Tesla as well.
If you crashed into the Tesla you would have to pay for both.
If the Tesla crashed into you, they would pay for both.
Looking at getting a new car right now, have quotes for the current front runner, 10 times the value, 100 more HP, and 7 years newer. About 20% price increase.
Shows how much (or how little) of the quote directly relates to repairing (or paying out for a write off) my vehicle.
Mine and the lads are on Admiral multicar, he's now 20 and has 3 years no claims on his Fabia, think his was £750.
Could have got mine cheaper elsewhere but happy to help keep his premium down - any saving on mine was offset by the increase in him losing the multicar
Mine went down by about £600 by switching from a big van to a motorbike with 24bhp.
Might not be possible for the OP.
But yes, car insurance up across the board.
I've been looking at quotes seeing talk about BEV insurance costs. Considering a big bev mpv type thing as a one car does it all approach in Jan.
The last vehicle I insured was a new Volvo v90, similar cost, but better performance than the prospective new vehicle and all other details stay the same.
It's come out at over FIVE times the cost for an insurer I'd be happy using and prices still seem to be on an upward journey! Wow. Pretty big disincentive.
Interestingly, a lot of the big brand insurers didn't crop up on the comparison search. That's going to impact the 2nd hand market further it seems.
brian2
Sorry, Dial Direct.
I am with Direct Line so I might give Dial Direct this time.
<p style="text-align: left;">Up about £25 on a 2008 golf 1.9tdi for an old git with LV</p>
That's quite a jump! Insurance premiums can vary for many reasons. Have you checked for any changes in your coverage or driving history that might have caused the increase? It's always a good idea to shop around for quotes to see if you can find a better deal elsewhere.