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2019 Model 3P insurance rocketed this year?
- Thread starter dspwhite
- Start date
I'd dream of £600.
My first year insurance was £800 odd, and it's gone up every year bar one since then despite the fact I haven't made a claim, etc. I'm in my forties, 18 years NCD, no points, limited mileage etc.
I paid just shy of £1k to LV= to renew back in March. Novo wanted nearly £1400.
My first year insurance was £800 odd, and it's gone up every year bar one since then despite the fact I haven't made a claim, etc. I'm in my forties, 18 years NCD, no points, limited mileage etc.
I paid just shy of £1k to LV= to renew back in March. Novo wanted nearly £1400.
Masklin
Member
My renewal this month for 2020 M3P, garaged, no claims, max NCB etc went from £340 to £670. Couldn’t find a meaningfully cheaper quote for the same level of cover via a selection of comparison sites or direct quotes.
Whilst I can appreciate the reasons where some of the increase may have come from and indeed expected an increase, doubling seemed excessive.
Whilst I can appreciate the reasons where some of the increase may have come from and indeed expected an increase, doubling seemed excessive.
In 2023, quotes have gone up 20% across the board for all cars I think: Has car insurance gone up 2023?
For my own quote, that means there's still another 50% to account for. Maybe Tesla 3Ps get in more wrecks due to the awesome acceleration and insurance companies are only just catching onto that.
For my own quote, that means there's still another 50% to account for. Maybe Tesla 3Ps get in more wrecks due to the awesome acceleration and insurance companies are only just catching onto that.
MrBadger
Badger out
DL put ours up considerably this year. A quick DL online quote followed by 5 minute phone call and it was back below last years again.
Masklin
Member
Just remembered this from recent TOC newsletter…
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It sounds like a common issue. Just saying, that way back in the 1970's, that's one of the reasons for the death of USA muscle cars. My 66 GTO was considered a very- high performance vehicle,: head on collusions, speed, and it boiled down to unsafe street performer. Cost me $1,250 yr.
Insurance like so many other things have gone up substantially world wide.
Sean.
Active Member
EVs are just more expensive to insure now.
After a few years of experience with more and more punters getting onto EVs for the first time, insurance companies are way more clued up as to the true cost of potential claims; cost and availability of parts as well as existential factors including the cost of living / inflation.
Serious claims can be mega £££ if they deem the battery needs replacement too, even if it’s fine, they won’t want to take the risk.
So little wonder that premiums are up across the board.
Pink Duck
Active Member
Renewed mine using an essentials policy to only get 9% uplift at March renewal time:
£427 with Churchill (19 years NCD, 2 claims/incidents in last 5 years, low mileage)
That was a combination of optimal days before start, optimised voluntary excess @ £300 in my case, even optimal time of day!
£427 with Churchill (19 years NCD, 2 claims/incidents in last 5 years, low mileage)
That was a combination of optimal days before start, optimised voluntary excess @ £300 in my case, even optimal time of day!
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Pink Duck
Active Member
Masklin
Member
Interesting! It's in a locked*, alarmed and with CCTV garage (used to keep expensive motorbikes in it) and it's never occurred to me that downgrading, so to speak, might be beneficial to premium. Will do some dummy quotes when I have the time and see if it makes a difference!
* From memory the quotation forms always specify a locked garage.
Well, you know how our EVs spontaneously burst into flames all the time ... so yours will also take out some expensive motorbikes or even your house as well ... so the insurance is more.
[Please don't post to tell me this is nonsense ... it's a joke folks!]
My 2020 M3P with all changes - tinted rear windows and decorative changes to the dash (carbon fibre) divulged was £460 last year and they wanted £780 at renewal. Phoned them up and got it down to £600 which is not too bad based upon it covering 18,000 miles a year with business use. My wife is on the policy too as a named driver and had always made the policy cheaper in the past, however, she now adds £130 to it so I could get it down to £470 if I removed her.
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