2024 Insurance Costs

[Hurricane]

@Hurricane you seems to disagree with my comment regarding third party only on EU insurance

Care to elaborate?

Because you are wrong. My policy includes 90 days comprehensive European cover as standard.

 

[Hurricane]

It's robbery is what its is..and we all sit there and take it instead of refusing to pay..if we all refused renewals and got the bus/train for a few weeks most of these insurance firms would go under and the rest would soon fall into line and provide acceptable prices

To better understand your undoubted annoyance would you care to reveal the cost of your policy? It might make an interesting comparison.

 

[Whyone]

It's robbery is what its is..and we all sit there and take it instead of refusing to pay..if we all refused renewals and got the bus/train for a few weeks most of these insurance firms would go under and the rest would soon fall into line and provide acceptable prices

Errr.....I really don't think that is going to work in a million years!

Yes, Tesla insurance prices in particular are high, and prices for other vehicles have in many cases increased.

But insurance for many cars, for many people are perfectly acceptable (as is the case for the 2 ICE cars in our household) and certainly nothing which would make me take the pitchfork from the shed and scream rebellion!!!

The numbers of people you'd need to ditch their cars, not pay insurance and take the bus instead to make insurance companies even blink would be huge.....and completely unattainable.

Also, your cunning plan seeks to drive some companies out of business....so reducing competition and then remainder magically dropping their prices?! I see a slight flaw in this logic!!

 

[Js1977]

It's robbery is what its is..and we all sit there and take it instead of refusing to pay..if we all refused renewals and got the bus/train for a few weeks most of these insurance firms would go under and the rest would soon fall into line and provide acceptable prices

I have just SORN'd the leaf (spare) as the quotes I was getting for it were more than for the Y in March last year but I doubt it will make a dent towards this.

Comes March, I might have to consider wether to SORN the Y and bring the leaf back. Im at least hoping the insurance for the bike won't go up this year as that has only cost me about 100 quid.

 

[Andywil]

It's robbery is what its is..and we all sit there and take it instead of refusing to pay..if we all refused renewals and got the bus/train for a few weeks most of these insurance firms would go under and the rest would soon fall into line and provide acceptable prices

Many people have to drive to the nearest station and do not have a regular bus service.
Do you cunning plan only works for those who could do without a vehicle in the first place.

 

[Jonnymack74]

To better understand your undoubted annoyance would you care to reveal the cost of your policy? It might make an interesting comparison.

Mine went from about 480 to 780
780 being absolute cheapest.
It's a racket. Unfortunately not just EVs affected

 

[Jonnymack74]

Many people have to drive to the nearest station and do not have a regular bus service.
Do you cunning plan only works for those who could do without a vehicle in the first place.

Walk
Cycle
Taxi
Scooter
Jog
Run

 

[Artiste]

Mine went from about 480 to 780
780 being absolute cheapest.
It's a racket. Unfortunately not just EVs affected

The increase might be steep but your insurance is below the national average. Not sure what you’re complaining about.

 

[Artiste]

Walk
Cycle
Taxi
Scooter
Jog
Run

Or just pay your insurance and drive your own car.

 

[Whyone]

Mine went from about 480 to 780
780 being absolute cheapest.
It's a racket. Unfortunately not just EVs affected

There are plenty of much cheaper cars to insure out there.

 

[Mrklaw]

damn. £550 last year with the Y - changed halfway through the year so only paid £80 to update so didn’t mind (was £450 for the 3LR before that)

just got renewal from churchill - £870! Comparison sites lowest is £750 and goes to £810 if you skip the first few (may be ok but often limited options).

Direct line (because hey they’re not on comparison sites) - £1350!

Any others to try? Its a Y RWD so pretty basic, quoted value is £38k, only do 5000 miles at the moment with wfh

 

[Jonnymack74]

There are plenty of much cheaper cars to insure out there.

So your answer is sell the motor and get a 1 litre fiesta?

 

[Jonnymack74]

Or just pay your insurance and drive your own car.

Despite the name..you certainly couldn't be french

 

[Jonnymack74]

The increase might be steep but your insurance is below the national average. Not sure what you’re complaining about.

I'm complaining its a racket...and it's wider than car insurance

 

[Js1977]

For those that have to see it to believe it, Ill post this video.

Not only has the insurance written off that Audi but they devalued it by giving it the wrong category hence less return on salvage. No guesses as to who is paying for that now! Bonkers!

 

[kelvin 660]

damn. £550 last year with the Y - changed halfway through the year so only paid £80 to update so didn’t mind (was £450 for the 3LR before that)

just got renewal from churchill - £870! Comparison sites lowest is £750 and goes to £810 if you skip the first few (may be ok but often limited options).

Direct line (because hey they’re not on comparison sites) - £1350!

Any others to try? Its a Y RWD so pretty basic, quoted value is £38k, only do 5000 miles at the moment with wfh

I suggest you phone them up and increase you voluntary access by £300. I did that and it saved me £150/year. If I don't have an accident for 2 years I will be making a saving...

 

[Whyone]

So your answer is sell the motor and get a 1 litre fiesta?

If you are not happy with the cost of insurance, then yes.

There are choices.

 

[Whyone]

I'm complaining its a racket...and it's wider than car insurance

....and your genius solution is to reduce competition?!

 

[Tony Hoyle]

Meerkats are saying around 870ish this year but I haven't had my renewal offer yet and last year it was cheaper to renew than switch insurers (wierdly).

If it's at that level it's a 30% increase, way above inflation. If I wasn't in the hole on the PCP I'd be thinking of just switching to using taxis instead of owning a car.

 

[Mrklaw]

Meerkats are saying around 870ish this year but I haven't had my renewal offer yet and last year it was cheaper to renew than switch insurers (wierdly).

If it's at that level it's a 30% increase, way above inflation. If I wasn't in the hole on the PCP I'd be thinking of just switching to using taxis instead of owning a car.

friend of ours does that to cut down to one car. I’d be tempted but then we’d be stuck with the wife’s e-golf which for long trips isn’t ideal and she wouldn’t want a bigger car.