Recent insurance premium shock

[JamesOC]

Got quite a shock at renewal this time round. Hope this is a one off and not a sign of a general trend.

I expected it to go up as when I got the car, as it was lockdown , I set it at low mileage. I’ve now reverted to 15000 miles pa and also added details of a flood damage claim from earlier in the year on my second car.

With LV Premium went from £800 to £950 without the changes above and then with the changes to £1500. I’ve got it down to 1000 elsewhere. But was a bit surprised at the generally higher quotes on the comparison sites as well. Obviously all out situations differ, and I get that it’s a high group car, and I do have 6 points from 2018 but was surprised by the size of the jump.

Have others seen this recently?

[devbrodie]

You think that's bad....

My premium last year was about £850 (admiral)....

The renewal quote was over £2k

Shopped around and eventually went with AXA for £670

[scm]

My premium last year was about £850 (admiral)....
The renewal quote was over £2k

Blimey! Had anything changed in your circumstances to "justify" such a hike?

[jono_h]

I just got mine from LV for £508, which is about the same as the quotes I was getting in November last year when I was looking.

That’s for 6k miles a year - I had tried it at 10k because I’d heard that can give a lower premium, but it shot up significantly.

Jaguar have quoted £1450!

[Northnoble]

So don’t understand insurance costs!!!!

Just moved my multi car insurance from Aviva to LV.....premium for the 5.0s FType...£288

[scm]

So don’t understand insurance costs!!!!

Just moved my multi car insurance from Aviva to LV.....premium for the 5.0s FType...£288

They are a law unto themselves. I'm with Admiral but on the strength of yours I'll try LV at renewal time!

[cj10jeeper]

Just moved out of Admiral multi car policy that covered my 3 main cars plus home and contents. Reduced from £2k+ to <£1k with AA

These days insurance is for sure about risk, but equally about inertia and hiking premiums for loyal customers to cross subside new. Just have to Olaf the game

[Cluck]

LV wanted £1200 from me. No claims in the last 5 years, full no-claims bonus, no points on my license, 6000 miles limited mileage. I went to AXA and got it for £400.

LV had quoted me £1200 because I was renewing in July. Renewing in August would drop it to £600, but when I actually came to renew they claimed there had been a shake-up via their credit agency, so the quote stood at the original £1200 figure. Had I not seen some of the prices folk on here had been quoted, I might have paid it!

I'll certainly be trying a few of the specialist brokers next year (though A-Plan were a non-starter due to the value of the car) to see what can be done.

[scm]

I'll certainly be trying a few of the specialist brokers next year (though A-Plan were a non-starter due to the value of the car) to see what can be done.

Beware of some of the specialist insurers - when hit 50 I thought I'd try Saga's "Over 50s" policy. They wanted three times the premium I'd been quoted by "ordinary" insurers and seemed surprised when I said I wouldn't take up their generous offer! And I was bombarded with junk mail for the next 6 months.

[Cluck]

Heh, well, taking my father off the insurance renewal dropped the original quote by £1000 (yes, the original quote was over £2K!)

I was thinking more along the lines of trying Adrian Flux and then, when the value has dropped a bit, trying A-Plan again at their Thatcham branch (who I used to be with when I had a Nissan 200SX some years back)