Car insurance renewals

[barleycorn]

And check your endorsements are listed correctly (for that price I'm guessing you have them, or you're young).

[Dimple]

And check your endorsements are listed correctly (for that price I'm guessing you have them, or you're young).

 

No endorsements and I wish I was young. Mid 40s but I only decided to learn to drive in 2010. I have 6 years NCD.

 

---------- Post added 24-08-2017 at 14:51 ----------

 

This - is there a different tick box or cover option that you've selected this year that you didn't select last year? e.g. 3rd party vs. fully comp. Using car for work etc.

 

This was my thought at first so I carefully checked everything but no, I entered all the right details for a similar level of cover. I say similar, the higher quotes are for slightly less i.e standard small courtesy car instead of large family saloon like I have on this years policy.

Im confused I have to say.

[Eddie_shef]

No endorsements and I wish I was young. Mid 40s but I only decided to learn to drive in 2010. I have 6 years NCD.

 

---------- Post added 24-08-2017 at 14:51 ----------

 

 

This was my thought at first so I carefully checked everything but no, I entered all the right details for a similar level of cover. I say similar, the higher quotes are for slightly less i.e standard small courtesy car instead of large family saloon like I have on this years policy.

Im confused I have to say.

 

It does seem like a massive jump in price, and a lot of money.

[barleycorn]

That seems like a massive premium then, where do you live, Beirut?

 

---------- Post added 24-08-2017 at 15:08 ----------

 

Mines not due yet but have quickly checked and it's coming in £20 cheaper than last year (well, Feb 2017) and the wife's £6 cheaper. It would be even cheaper than that if I could be bothered to do a joint policy search, which I can't.

[spilldig]

That seems like a massive premium then, where do you live, Beirut?

 

---------- Post added 24-08-2017 at 15:08 ----------

 

Mines not due yet but have quickly checked and it's coming in £20 cheaper than last year (well, Feb 2017) and the wife's £6 cheaper. It would be even cheaper than that if I could be bothered to do a joint policy search, which I can't.

 

Which company ?

[barleycorn]

Which company ?

Just a quick comparison on Confused. Cheapest (for two singes policies compared with quotes I got back in Feb) was GoSkippy for both my wife and I (currently with Admiral on a dual policy though which was cheaper than two single policies).

[Jim Hardie]

Ring the company up and ask why your premium has risen by 83%. Should be interesting.

[bkcin]

2 cars 2 drivers, last year was £650 for the multicar policy, renewal quote a few days ago was £900, I called up to not accept their renewal price and with no changes to anything they instantly matched last years price of £650 - £250 saved for a 5 minute phone call.

 

I wonder how many people just accept their renewal prices...

 

 

The thing to remember with car insurance too is that it is ALL statistic based, unless you are in the exact same demographic with the same car and job and experience and whatnot as someones else, your price is irrelevant - its all about how much ££ your demo has cost said insurer in X period in Y type of car under Z circumstances.

Edited August 24, 2017 by bkcin

[Cyclone]

I always shop around too. Ive never renewed with the same company two years running as Ive always found renewing more than going with someone else.

This years shopping around caused me a surprise so Ill be shopping around some more then seeing what my current insurer offers by way of a renewal quote. Then Ill just have to see If they can reduce it.

I hate the fact they have us by the proverbial then just jack up the prices as and when they choose.

Ah well, that the price of car ownership I suppose.

 

It's a common misconception. They don't. It's a highly competitive market and in reality profit margins are razor slim.

Blame insurance tax and whiplash claims (and other changes in the law) for rising prices.

 

---------- Post added 25-08-2017 at 07:40 ----------

 

Just a quick comparison on Confused. Cheapest (for two singes policies compared with quotes I got back in Feb) was GoSkippy for both my wife and I (currently with Admiral on a dual policy though which was cheaper than two single policies).

 

My admiral joint policy renewal was up by 25% this month.

I got it back down, but we had to take the wife off my car as a driver. No real hardship as in a year I've owned it she's not driven it once.

[willman]

I recently did some significant market research on car insurance(direct with insurers) for a third party - 3 of the insurers i contacted were within £5 of each other (and close to my existing insurer).

The rest of the companies were astronomically more expensive with the likes of the RAC at almost double the cost.

The most competitive (in my case) were Esure,Churchill and Hastings Direct.