Car Insurance
 

Car insurance is increasing in price.
Last year cost me £643
Researching the market is quoting £1284.53
I'll have to wait and see what my current offers renewal at.



What is happening.

That's ridiculous! I got my renewal in for next month and it's actually lower than last year by an itty-bitty amount.

Out of curiosity, I went onto a couple of comparison sites and the best deals they're giving are over £200 more than my renewal, and that is with a £100 voluntary excess AND a compulsory excess of £300-£350. More than half a dozen had compulsory excesses between £600-£700!!

Keep shopping around Ray, I don't think there's anything happening to drive premiums up - in fact, I got told by Admiral I'd get a Covid refund because of their lower claims incidence ;).

Unless you've had one of those fancy black boxes fitted, but are still driving at your "preferred" speeds :rolleyes:.....

Just had my renewal through the post today, a £100 more than last year :Confused:

Time to look around...

That is shocking Ray, has anything changed in the last year?

Mine went up by £12 to £260 and I couldn't find it cheaper than my renewal at Admiral so stayed with them. They also matched a home insurance quote too which was nice.

Interestingly I was with LV on a multi car. When the renewal came up I did a comparison on each car separately. Saved £340 over LVs quote. When I spoke to them they were unwilling to drop it anywhere near the three separate quotes!
Now I'm with Sheila's Wheels and Tesco.

I'm still with Privilege for the S8, they wrote to me recently asking if I wanted to apply for a premium reduction due to reduced mileage during lockdown. Didn't actually bother as the premium is so low already and went down at the last renewal that I though any saving would be trivial.

The Volvo, as I think I've noted elsewhere I switched to AvivaPlus quite recently from Privilege due to an inexplicable premium increase; it's pay monthly but only about £19 a month now!
That turned out to be a good choice as it needed a new windscreen recently. Heated with cameras etc. behind that all needed realigning, so a 4-hour workshop job. There's no glass replacement excess whatsoever on that policy whereas most seem to be £75 or more! :D

That's why the whole industry is a scam and ripoff: it relies on and feeds off lazy consumers who can't be arsed to shop around, to get away with premium hikes on any retained customers. PITA.

Yep, when I check it's always cheaper to get separate policies for separate cars for me too instead of one of those multicar policies.

The same with energy, always cheaper to get gas and electricity from different companies compared to getting both from one even if they offer £30 per year per fuel discount if getting both from the same place.

In February this year I changed from a "multi car" policy to two separate insurers. It was much cheaper. Multi car seems to me to be a bit of a scam. As mentioned earlier, it seems to feed off customers who just want a simple life or who have better things to do than shop around. It's a shame but as with many of these things, if they can get more money out of you, they will. The customers that stay and pay the inflated premiums must outweigh those that leave otherwise they wouldn't do it.