It would be highly illegal, would break competition laws at the very minimum.I’m having a tin foil hat moment.
Now we know Tesla insurance is almost certainly coming to the U.K., I can’t help but shake the idea that this would be a very good way to swoop in on the market:
Does this sound entirely crazy?
- Keep the number of shops who can do accident repairs artificially low, deprioritise parts to insurance repairs (parts scarcity, increase wait times and thus hire costs pushing up claim costs for insurers and premium costs for customers)
- Make said parts very expensive (pushes up premiums for existing insurers further)
- Install a different process for tesla insurance customers (prioritise parts for these repairs, parts at cost or close to it)
- Undercut everyone else in the market and wave a magic wand “fixing” all of the issues above for tesla insurance customers
- Rest of the insurance market get shut-out - Profit???
-
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Insurance renewal in 2023
- Thread starter yessuz
- Start date
Below are the massively varying quotes I’ve had and I’ve just paid Churchill
| Direct quote | Tesco | £1,878.90 |
| Direct quote | Saga | £1,275.86 |
| RAC | LV | £1,226.09 |
| Direct quote | LV | £1,095.08 |
| Asda | Hastings | £943.81 |
| Car co | Car Line | £908.75 |
| Direct quote | Flow | £848.24 |
| Direct quote | Direct Line | £652.68 |
| Direct quote | Churchill | £640.76 |
| Via Tesla | Direct Line | £625.12 |
| Go Compare | Churchill | £612.49 |
| Uswitch | Privilege | £608.24 |
| Go Compare | Privilege | £606.37 |
| Compare TM | Privilege | £586.66 |
| Confused | Churchill | £562.73 |
| Confused | Privilege | £559.11 |
| Compare TM | Churchill | £533.89 |
Pink Duck
Active Member
Pink Duck
Active Member
TopCashBack and QuidCo use Confused.com and CompareTheMarket.com behind the scenes in any case, but worth a shot if curious.
Rooster6655
Active Member
Insurance prices are ridiculous here for the 3/Y in comparison to S/X quotes, I can get a P100D insured cheaper than a standard 3/Y, all they need to do is undercut existing providers and I would moveI’m having a tin foil hat moment.
Now we know Tesla insurance is almost certainly coming to the U.K., I can’t help but shake the idea that this would be a very good way to swoop in on the market:
Does this sound entirely crazy?
- Keep the number of shops who can do accident repairs artificially low, deprioritise parts to insurance repairs (parts scarcity, increase wait times and thus hire costs pushing up claim costs for insurers and premium costs for customers)
- Make said parts very expensive (pushes up premiums for existing insurers further)
- Install a different process for tesla insurance customers (prioritise parts for these repairs, parts at cost or close to it)
- Undercut everyone else in the market and wave a magic wand “fixing” all of the issues above for tesla insurance customers
- Rest of the insurance market get shut-out - Profit???
Yep.
I ran the Topcashback comparison (as well as a number of others for 'calibration' purposes, plus Direct Line) and got one of the best prices with a well rated insurer there.....with the additional £42 cashback it was far and away the best deal out there for me.
a1psx
Member
Flow renewal (was £600ish last year) £900
Went with Aviva £761 (with breakdown cover for those times >50m service centre)
13 years NCD, ~50 YO+partner, Milton Keynes area (driveway night/public car park day)
Went with Aviva £761 (with breakdown cover for those times >50m service centre)
13 years NCD, ~50 YO+partner, Milton Keynes area (driveway night/public car park day)
Got my renewal quote from Novo today - £1673. Last year it was ~£1144, year before that ~£831. Nothing has changed about the car or my circumstances, so this is presumably all based on claims data for the car/brand generally. I have 18 years NCD, live rurally, do barely any miles, etc.
Just did a quote direct with LV= - £941 but if I declare PPF (only option is for "vinyl wrap") that goes up to £1073.
Sadly a lot of places don't cover PPF.
Pretty cheesed off really.
Just did a quote direct with LV= - £941 but if I declare PPF (only option is for "vinyl wrap") that goes up to £1073.
Sadly a lot of places don't cover PPF.
Pretty cheesed off really.
Cardo
Active Member
Welcome to the club. Our renewal has gone up by around 50% each year, despite the car being a year older. We’re definitely getting done over with these repair costs.
MrBadger
Badger out
A quick online DL requote then used the info in a quick call to DL and knocked the £200 uplift off and a bit more. They didn’t even ask for proof of the quote. Tesla specific site quoted exactly same price as non Tesla and even asked the same questions.
All rather pointless really.
I felt that pain, part of the reason I didn't PPF my second Tesla. Try PPF and Acceleration boost and you had about a choice of 2 insurers
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