Insurance Renewal

[@299Peter]

I moved all 3 cars over to LV two years ago on a multi-car arrangement - Mini Countryman (wife’s), Audi Q5, and the F-Type…..

Received an email yesterday advising of my renewal and an attached quote… increase of nearly 40%! No claims, reduced mileage…. I would have expected an inflationary increase but 40% - Criminal.

Will be shopping around this week…

Has anyone else seen significant increases in car insurance premiums?

Peter

[Lowrider]

Your lucky my wife insurance on a Fiesta 1.0 Vignale has gone up 88% with her current insurer and after looking at various comparison sites it’s the cheapest and the ridiculous thing is it only does about 1000 miles a year as we normally use my ftype.
We will just have to grin an bare it. Insurance companies are not user friendly and are only in business for profit.

[@299Peter]

That’s outrageous!!!!

I’ll still be spending half a day this week trawling through the comparison sites and speaking to LV to understand their rationale for these increase’s.

P

[Rikochet]

Having joined the F-Type club in April this year, I had a premium amendment to cover the last month before my policy renewed.

To my shock, upon renewal, the price for comparison of 2022 v 2023 with LV shot up from £590 to £796. No other changes to policy cover with a Cat A (low risk) postal code, full NCB, and me being another year older. I do have NCB protection, motor legal cover, and additional personal injury, so that accounts for a small chunk of the policy costs.

They did take 5% off that price when I phoned, so worth a call to discuss. Nothing else came close to being that low on comparison sites for equivalent cover (and don't make me laugh about Direct Line's quote - £1,900!!!)

[PaulWildsmith]

Any comparisons with insurance are almost meaningless as there are so many variables. But, I went for esure direct recently, premium of around £200.

[@299Peter]

Having joined the F-Type club in April this year, I had a premium amendment to cover the last month before my policy renewed.

To my shock, upon renewal, the price for comparison of 2022 v 2023 with LV shot up from £590 to £796. No other changes to policy cover with a Cat A (low risk) postal code, full NCB, and me being another year older. I do have NCB protection, motor legal cover, and additional personal injury, so that accounts for a small chunk of the policy costs.

They did take 5% off that price when I phoned, so worth a call to discuss. Nothing else came close to being that low on comparison sites for equivalent cover (and don't make me laugh about Direct Line's quote - £1,900!!!)

Rik, I will definitely be speaking to LV once I’ve got a feel for what other providers are offering - but will steer clear of Direct Line!!

P

[@299Peter]

Any comparisons with insurance are almost meaningless as there are so many variables. But, I went for esure direct recently, premium of around £200.

Paul, I’ll bear that in mind - thanks

P

[ianp]

Privilege wanted to increase my premium from £679 to £1099 and to be fair the car was damaged in a car park so I had made a claim non-fault claim. However, renewed with Tesco at £649 with a Clubcard discount too!

[MArtyn Veg]

I had the same scenario with Aviva. They wanted an huge increase with the from and to amounts similar to yours. Now with Tesco too!

[@299Peter]

Ian/Martyn

Helpful - many thanks

P