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Insurance UK
- Thread starter hagrid_LDN
- Start date
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- Ireland United Kingdom
I'm the same, got a quote 2 months ago for just over £400 and then refreshed it 2 weeks ago and best quote was more than double. Car arrives in next 2 weeks. I checked LV last night and they are the best I could find at £623.
JupiterMan
Active Member
same thing here. I was looking at quotes today.... price has gone up about £300 since I last got quoted.
looking into it further was able to get slightly cheaper price by getting quote from LV directly rather than through comparison website (c£100 cheaper).
Interestingly both LR AWD and P models had the same insurance cost.
looking into it further was able to get slightly cheaper price by getting quote from LV directly rather than through comparison website (c£100 cheaper).
Interestingly both LR AWD and P models had the same insurance cost.
Well, (with my cynic's hat on) because car insurance companies are second only to estate agents for being utter parasites on the posterior of humanity... But I'm alright, Jack (I live on a remote Scottish island and my quote is well under £400!).
More people taking up the good offers in the intervening months. Means higher exposure to a vehicle with no good risk history. Plus your quote is now for the next couple of days which also tends to increase the price. Unavoidable if you haven't got a firm delivery date...
Wow, a Model S on Colonsay! Unless you are doing a circle route I would have thought you could get anywhere on Colonsay within 5 miles! I would certainly be expecting super-cheap insurance unless you do high mileage all around the rest of the UK too.
Said the same thing a while ago. People who think insurance companies are making an effort to rip them off need to understand that insurance is quite a competitive market and is driven by low cost rather than quality. So, it is of no benefit to the likes of LV to simply raise prices as it just means everyone would go to someone else. Instead, the reason they put up the prices is because they have internal algorithms which detect over exposure to certain risks ( like a Tesla) . So, they need to make sure the risk is mitigated by premiums and raise those to balance.
Also, as a friend of mine in the business is forever telling me, we in the UK pay quite a bit less for insurance than people in other countries.
If it's of any use, I did mine with LV over the phone about a month before collection. I gave a tentative date of the 15th of November, and when I collected on the 5th, I rang up, and they cut me across at the same price they'd given a month earlier. So maybe "locking in" the quote over the phone is the key? As others have said, they're making it up as they go along, so hard to guess what matters and what doesn't.
Ant M3
Member
It all depends really, direct line were amongst the most expensive for me . Cheapest were Liverpool Victoria followed by Admiral (I think).
Ant M3
Member
Yep I had the same £800 at first (which I thought was high) but then it went up to £1200 when I came to do it 3 weeks later
LV still the cheapest
Well, I only got told last Thursday night that I would be getting the car this Friday and was given a number plate - I don't think I could have turned a quote into a policy without a number plate. Plus I'd asked earlier in the week if I should be taking the day off work and arranging a lift and was told it was not definite yet. (I did actually think it was going to be January when I got the car). So it's not like I waited until a few days before, I acted as soon as I knew.
I did put the quote back through a couple of comparison sites straight away last Friday - the LV quote of £884 came out top on both. As an experiment I did rerun the quote last Friday with start date as 31 days ahead which is the longest I could do and it only came down by £50.
I rang LV yesterday and the girl I spoke to wasn't that helpful. She said they couldn't do anything to lower the price and couldn't explain the increase. So after the phone call I ran the quote again through a couple of comparison websites using a different email and it came down to £828 - again with LV - so that saved £55, but I'm a bit miffed the girl I was speaking to didn't rerun it for me when I asked if she could do anything. (Someone did tell me that quotes on a Friday are the most expensive and quotes on a Tuesday are cheapest. It has made a difference but I'm surprised this is the case).
As JCremonini mentioned, insurance quotes a based on algorithms. Back in August Model 3s had only been on the roads of the UK for a few days - there is now 3 or 4 months of data in the system so I'm wondering if this means lots of Model 3s are getting in accidents or being stolen or damaged?? There must be claims being made which are altering the risk profile of the car.
I did try Direct Line too yesterday, they came in at over £1,000. So LV is still cheapest for me as well. Still, it's £500 I hadn't expected to pay. It kind of negates some of the 0% BIK that starts next April which is one of the reasons I've taken the plunge when doing my calcs back in August. Oh well, it's only money. And I'll be driving a super cool car in 2 days time - still ever so excited despite this unfortunate situation re insurance
With the Insurance Excess being considerably higher with most Insurance companies for Tesla's... Has any one had any experience with Excess Insurance cover? For example: Car Excess Insurance | Save money vs. your add-on policy
Essentially you pay one time annual fee and then they will cover your excess with your insurer forbid anything happens.
Essentially you pay one time annual fee and then they will cover your excess with your insurer forbid anything happens.
Minor recompense for the price hike - but go via Topcashback and, subject to Ts & Cs, you get £35 back (*).
TopCashback.co.uk: The UK’s #1 Cashback & Vouchers Site
(Fair-play/self-interest declaration: TMC didn’t insert a referral code element, so I’ve used mine)
(*) - LV. Lead time on payouts may exceed that of car...
TopCashback.co.uk: The UK’s #1 Cashback & Vouchers Site
(Fair-play/self-interest declaration: TMC didn’t insert a referral code element, so I’ve used mine)
(*) - LV. Lead time on payouts may exceed that of car...
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