2024 Insurance Costs

[Js1977]

Well, half-way through and a shiny meaningless Gold medal plus immaculate DriveScore, er, score (might as well):

Keep up setting the good example for us Tesla drivers... hopefully Ill get a good discount on renewal next year from them

 

[M00cow]

In a shocking turn of events my policy renewal arrived today from Admiral - and it is the first time I can remember it being LOWER than I paid the previous year with no negotiation. Considering I already have full no claims and approaching 50 this year, it's rare to see year on year reductions any longer like I did when I was younger or had low NCB.

 

[Jason71]

In a shocking turn of events my policy renewal arrived today from Admiral - and it is the first time I can remember it being LOWER than I paid the previous year with no negotiation. Considering I already have full no claims and approaching 50 this year, it's rare to see year on year reductions any longer like I did when I was younger or had low NCB.

bodes well for my renewal in July.
I have been with admiral for a few years now and I have to say, relative to others, their prices have been reasonable and have not gone up significantly.
When I switched from an M3LR to an MYLR mid policy they actually gave me a rebate!
I am in that sweet spot of age, postcode, clean licence , no accidents etc where i am probably about the lowest risk possible I would think, which maybe helps stop it going up much but like you its all down hill price wise from here...

 

[MadeAutomatic]

My insurance was shockingly low on a new M3. I just renewed our other car and that was only £267

 

[GlynG]

I was reading a news article just yesterday, it reported the insurance industry has been asked to play fair on annual premiums after an average 25% rise last year, the article also commented on some companies who are charging up to 30% more to allow people to pay monthly and they have been asked to curb that too.

My renewal is due end of June, last year was under £500 though it did represent an uplift of almost £150 - overall I cant complain, If is stays under £500 I will be happy. 2020 M3P

 

[Adopado]

In a shocking turn of events my policy renewal arrived today from Admiral - and it is the first time I can remember it being LOWER than I paid the previous year with no negotiation. Considering I already have full no claims and approaching 50 this year, it's rare to see year on year reductions any longer like I did when I was younger or had low NCB.

That's reassuring. (Mine did go down slightly between 2020/2021 but a significant percentage rise 2022/2023). Let's hope the recent nonsense is levelling off.

 

[M00cow]

That's reassuring. (Mine did go down slightly between 2020/2021 but a significant percentage rise 2022/2023). Let's hope the recent nonsense is levelling off.

Yeah it's about 6% lower - not huge, but appreciated instead of a 30%+ increase which seems to be usual fair