Insurance Renewal

scharlton · Post by **scharlton** » Tue May 30, 2023 11:42 am

Insurance due soon and as my BMW 5 series insurance went from £315 to £525 (only managed £425 by changing company) I expect an increase is on the way.

Seems an industry wide change

scm · Post by **scm** » Tue May 30, 2023 1:56 pm

I'm with LV so awaiting my renewal with some trepidation now. Hope it doesn't wipe out the saving on car tax now my F-Type is now 6 years old.

mickjaguar · Post by **mickjaguar** » Tue May 30, 2023 3:40 pm

Lots of people seem to be receiving big increases in renewal premiums this year.

LV went up 25 % for me at this renewal. I called them and said I'd like it to be cheaper and it was dropped down to a similar amount to the previous year!

I've heard some F type owners have moved to Churchill.

Lunar · Post by **Lunar** » Tue May 30, 2023 4:46 pm

Seems a bit extreme to move to Manitoba - but at least in an F you can outrun the polar bears

gasgas · Post by **gasgas** » Tue May 30, 2023 5:12 pm

my renewel was £000s more, went online and got quote same price as last year,within £20, strange thing is it was with the same firm:)

@299Peter · Post by **@299Peter** » Tue May 30, 2023 7:04 pm

mickjaguar wrote: ↑Tue May 30, 2023 3:40 pm Lots of people seem to be receiving big increases in renewal premiums this year.

LV went up 25 % for me at this renewal. I called them and said I'd like it to be cheaper and it was dropped down to a similar amount to the previous year!

I've heard some F type owners have moved to Churchill.

Mick, that’s good to hear. I intend to call them this week and have a ‘discussion’!

P

mickjaguar · Post by **mickjaguar** » Tue May 30, 2023 9:33 pm

Lunar wrote: ↑Tue May 30, 2023 4:46 pm Seems a bit extreme to move to Manitoba - but at least in an F you can outrun the polar bears

Hastings is also an alternative for the less adventurous apparently. Wonder if winter tyres are compulsory for Churchill........

P450Phil · Post by **P450Phil** » Thu Jun 01, 2023 2:36 pm

General picture is that the automatic renewal price will be up, possibly as much as 100% as was mine with Admiral (no claims!) If you call them you will most likely get an offer.
The algorithms all have different weights so there's no sure-fire way. Aviva are going for market share so worth a try but someone else said they were expensive.
Basically lots of calls / browsing required this year.

@299Peter · Post by **@299Peter** » Fri Jun 02, 2023 5:50 pm

Update:

Rang LV to voice my displeasure at the 44% increase, their response, dropped the new quote by £50!! Will be doing a lot of internet searching over the next couple of weeks!

Peter

simpleR · Post by **simpleR** » Fri Jun 02, 2023 7:32 pm

I'm with LV, renewal 3rd July, last year £550 so expecting renewal to drop into inbox soon..... Based on comments above looks like I'll be shopping around.

Insurance Renewal

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