| Car insurance up by 29.16% despite no claim & no changes 10:52 - Jul 12 with 4703 views | Ryorry |
Couldn't get them (NFU) to reduce at all, despite 8+ years NCD.
Their rep said such an increase is universal amongst motor insurers - but is it? How have other people fared? |  |
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| Car insurance up by 29.16% despite no claim & no changes on 11:00 - Jul 12 with 3083 views | stonojnr |
The average rise is about 34% I believe at the moment.
They claim it's to do with costs of repairs going up an increase in stolen cars, electric cars are more expensive to repair or are more often write offs, lack of insurance
claims growing etc etc
Of course there's a dose of pushing it as high as they can, and blame it on inflation.
Ultimately their businesses into make profit, not charities |  | | |
| Car insurance up by 29.16% despite no claim & no changes on 11:03 - Jul 12 with 3052 views | Swansea_Blue |
It's hit and miss I think. I had about a 30% increase with a Direct Line renewal quote, so shopped around and found quite a bit cheaper than last year with another provider. That was a few months ago now though.
Edit - and when I queried the rise with Direct Line they said it had gone up because I added a bolt on last year for European cover, so it was to anticipate further changes. But european cover wasn't included in the quote for this year! Go figure. It seems like legalised robbery to me. [Post edited 12 Jul 2024 11:05]
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| Car insurance up by 29.16% despite no claim & no changes on 11:05 - Jul 12 with 3028 views | Aero |
I've just had a £300 increase on my multi car insurance renewal.
Head onto the car insurance comparison sites. Much cheaper prices then my renewal.
Watch the small print though as it seems like alot of insurers are trying to exclude windscreen cover on some policies. |  | | |
| Car insurance up by 29.16% despite no claim & no changes on 11:05 - Jul 12 with 3023 views | GlasgowBlue |
Labour government innit. Everything always goes up. [Post edited 12 Jul 2024 11:06]
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| Car insurance up by 29.16% despite no claim & no changes on 11:07 - Jul 12 with 2992 views | Swansea_Blue |
| Car insurance up by 29.16% despite no claim & no changes on 11:05 - Jul 12 by GlasgowBlue |
Labour government innit. Everything always goes up. [Post edited 12 Jul 2024 11:06]
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I got a money tree and some unicorns thrown in with my new deal. It's great. Although I'm not so keen on the magic grandpa in the boot. | |
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| Car insurance up by 29.16% despite no claim & no changes on 11:07 - Jul 12 with 2994 views | EdwardStone |
About 20 quid cheaper this year...
One of the very few advantages of being in my senior years
I have been with A Plan brokers for many years....they do the leg work to find a very keen quote every year...although they have recently changed their name to Howden, depite not selling kitchens |  | | |
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| Car insurance up by 29.16% despite no claim & no changes on 11:09 - Jul 12 with 2960 views | DJR |
| Car insurance up by 29.16% despite no claim & no changes on 11:07 - Jul 12 by EdwardStone |
About 20 quid cheaper this year...
One of the very few advantages of being in my senior years
I have been with A Plan brokers for many years....they do the leg work to find a very keen quote every year...although they have recently changed their name to Howden, depite not selling kitchens |
I didn't know that, having received a letter from them around the time I was having a Howden's kitchen installed. |  | | |
| Car insurance up by 29.16% despite no claim & no changes on 11:10 - Jul 12 with 2938 views | baxterbasics |
Always do comparisons.
It's true though that prices are rising and repair costs are a lot to do with it.
Modern cars are getting more and more complex with their components.
For example, a bumper isn't just a bumper now - it has parking sensors. Higher cost to replace. There are dozens of similar examples with modern cars. Even if your car is a 1998 Fiesta, the one you shunt in a third party claim may not be.
Government sticking their hand in our pockets for insurance premium tax doesn't help either. Phillip Hammond ramped that up to 12% in 2017. Robbing bar stewards. |  |
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| Car insurance up by 29.16% despite no claim & no changes on 11:11 - Jul 12 with 2934 views | Ryorry |
One bizarre facet of the premium was that when I removed my only other named driver, the price increased by £2, so I promptly reinstated him! | |
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| Car insurance up by 29.16% despite no claim & no changes on 11:14 - Jul 12 with 2897 views | J2BLUE |
Like most other businesses they are happy to stick extra costs on but during the pandemic when not many were driving around, most of them didn't give any sort of discount.
I'm sure you already do but make sure you use a cashback site if you switch. |  |
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| Car insurance up by 29.16% despite no claim & no changes on 11:14 - Jul 12 with 2890 views | Help |
29% ain't bad. Have heard of 100% increases. But yes shop around you may get similar to last year or slightly more, rarely less than last year but can happen.
Just make sure excess' are similar. Don't buy an essential policy. Insurers cut back on a lot of cover.
Also try adding a voluntary excess to the quote to see if say standard £100 excess increased to £500 in total with a £400 voluntary excess is worth the premium savings.
If you do go down that line then go buy separately an excess protect policy for the £500 excess, which would cost around £20-30 quid and add that to the car insurance costs to see if the premium saving is worth the excess increase.
Obviously these are round figures and depend on your personal circumstances. |  |
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| Car insurance up by 29.16% despite no claim & no changes on 11:16 - Jul 12 with 2856 views | Ryorry |
| Car insurance up by 29.16% despite no claim & no changes on 11:07 - Jul 12 by EdwardStone |
About 20 quid cheaper this year...
One of the very few advantages of being in my senior years
I have been with A Plan brokers for many years....they do the leg work to find a very keen quote every year...although they have recently changed their name to Howden, depite not selling kitchens |
I need to bookmark this for 2025!
I doubt I'm younger than you, but maybe it goes up once you hit 70 & need to get your licence renewed every 3 years. | |
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| Car insurance up by 29.16% despite no claim & no changes on 11:19 - Jul 12 with 2789 views | Ryorry |
| Car insurance up by 29.16% despite no claim & no changes on 11:14 - Jul 12 by Help |
29% ain't bad. Have heard of 100% increases. But yes shop around you may get similar to last year or slightly more, rarely less than last year but can happen.
Just make sure excess' are similar. Don't buy an essential policy. Insurers cut back on a lot of cover.
Also try adding a voluntary excess to the quote to see if say standard £100 excess increased to £500 in total with a £400 voluntary excess is worth the premium savings.
If you do go down that line then go buy separately an excess protect policy for the £500 excess, which would cost around £20-30 quid and add that to the car insurance costs to see if the premium saving is worth the excess increase.
Obviously these are round figures and depend on your personal circumstances. |
Interesting workaround that, thanks. I did go through increasing my excess with the rep, but reduction in premium was small & not worth it for me. | |
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| Car insurance up by 29.16% despite no claim & no changes on 11:21 - Jul 12 with 2769 views | EdwardStone |
| Car insurance up by 29.16% despite no claim & no changes on 11:09 - Jul 12 by DJR |
I didn't know that, having received a letter from them around the time I was having a Howden's kitchen installed. |
The envelopes from the Kitchen Howdens usually has a graphic of a chicken on them....
The Insurance Howden is singular and doesn't have a fowl
But it seems pointlessly confusing | | | |
| Car insurance up by 29.16% despite no claim & no changes on 11:39 - Jul 12 with 2678 views | Churchman |
Insurance for Mrs Cs Toyota Yaris was up 15%. My Audi A3 - 33%. Gulp. I went onto the comparison sites and direct to a few others and like for like couldn’t do any better (L&V) so went with it.
I was told the reasons were manufacturers costs (parts), personal injury claims, complexity and electric cars - apparently the cost of repairs on those are a lot more, not least because of the limitations on who can touch them. Is this true or anecdotal? No idea. All I know is that the cost rise is outrageous.
I noticed the broker recommendation and will try that next time. |  | | |
| Car insurance up by 29.16% despite no claim & no changes on 11:45 - Jul 12 with 2646 views | redrickstuhaart |
| Car insurance up by 29.16% despite no claim & no changes on 11:10 - Jul 12 by baxterbasics |
Always do comparisons.
It's true though that prices are rising and repair costs are a lot to do with it.
Modern cars are getting more and more complex with their components.
For example, a bumper isn't just a bumper now - it has parking sensors. Higher cost to replace. There are dozens of similar examples with modern cars. Even if your car is a 1998 Fiesta, the one you shunt in a third party claim may not be.
Government sticking their hand in our pockets for insurance premium tax doesn't help either. Phillip Hammond ramped that up to 12% in 2017. Robbing bar stewards. |
They ve had a huge windfall with the whiplash claim tariffs imposed by the last government supposedly to deal with the actually very small problem of feaudulen claims. | | | |
| Car insurance up by 29.16% despite no claim & no changes on 11:51 - Jul 12 with 2629 views | BloomBlue |
According to my insurance bod 2 things are pushing up the price for everyone.
EV's. It appears that insurance companies have decided any EV involved in an accident needs to be written off - all panicked about the potential damage to the batteries.
Lots of stolen cars, especially cars less than a year old. Even if they are recovered, the owners are refusing to take them back and insisting on a new replacement, as per their fully comp policy. Many owners not concerned about the car being stolen, fully aware the Insurance company will replace it anyway with another new one. |  | | |
| Car insurance up by 29.16% despite no claim & no changes on 12:26 - Jul 12 with 2503 views | bsw72 |
It's not just EVs and the batteries etc, but the fact that in the last decade it has become increasingly simpler for those on lower incomes to purchase higher value cars through finance mechanisms.
Higher net value of cars on the roads means that there will be a higher net tariff for insuring. Even if the individual does not have a high value car to be insured, the company is protecting itself against high value claims for other vehicles due to the overall increases.
In addition costs for repairs have increased due to overall increase in cost of living (wages, taxes, energy etc) , not to mention the impact as a result of changes to trade/import laws, noting majority of UK vehicles are imported, as are parts.
There has also been an ongoing increase in personal injury claims relating to RTCs - all of which increases the risk for the insurer.
FInally majority of insurers also have to answer to shareholders, so the ability for increases to be absorbed against profits is minimal. |  | | |
| Car insurance up by 29.16% despite no claim & no changes on 12:36 - Jul 12 with 2444 views | baxterbasics |
| Car insurance up by 29.16% despite no claim & no changes on 11:45 - Jul 12 by redrickstuhaart |
They ve had a huge windfall with the whiplash claim tariffs imposed by the last government supposedly to deal with the actually very small problem of feaudulen claims. |
The whiplash thing was getting silly though, I'm not convinced it was just a small problem.
Some years ago I was claiming against another driver who had shunted me. I actually had to convince the insurer I didn't have any injury to claim for, and in the end they paid me an extra £100 just to not claim it! | |
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| Car insurance up by 29.16% despite no claim & no changes on 12:45 - Jul 12 with 2412 views | ClassicBlueTractor |
I had similar with House and Contents Insurance. Was £950 but wanted £2100 this year😱
Phoned around and many were similar high prices but Tesco matched last years price . |  | | |
| Car insurance up by 29.16% despite no claim & no changes on 12:48 - Jul 12 with 2391 views | Ryorry |
| Car insurance up by 29.16% despite no claim & no changes on 12:45 - Jul 12 by ClassicBlueTractor |
I had similar with House and Contents Insurance. Was £950 but wanted £2100 this year😱
Phoned around and many were similar high prices but Tesco matched last years price . |
Flamin' Nora 😱
Which co. was it who more than doubled it, if you don/t mind me asking? | |
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| Car insurance up by 29.16% despite no claim & no changes on 13:20 - Jul 12 with 2312 views | ClassicBlueTractor |
| Car insurance up by 29.16% despite no claim & no changes on 12:48 - Jul 12 by Ryorry |
Flamin' Nora 😱
Which co. was it who more than doubled it, if you don/t mind me asking? |
Saga | | | |
| Car insurance up by 29.16% despite no claim & no changes on 14:29 - Jul 12 with 2190 views | ElephantintheRoom |
Strangely the value of your car will probably have gone down by 20% - but depreciation never gets a mention in renewal quotes. So even if your policy had stayed the same it’s still gone up.
Always pays to change insurers every year on everything. | |
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