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LV hiking insurance prices again
- Thread starter spon88
- Start date
Prices are definitely getting way higher. I original took a quote in June as thats when I was expecting my car and had quotes of £700 which was fine for me, higher than my current car but for a MY I was okay with it. Now looking at quotes again as I got a delivery text and getting quotes of £1000-£2500 absolutely bonkers that its gone up by that much. DirectLine which was the cheapest last time at £700 is now £2500, Hastings is the cheapest at the moment just under £1000, its not even about affordability, its just them trying to get more profits as theres been no major change in the past 2 months for it to increase that dramatically.
Prices are up everywhere, I don't see why Insurance being up is such a shock. If costs of repairs are on the rise then that will be reflected in Insurance prices. Stock markets tanking also mean the returns Insurers get on the premiums are also down, all of this is passed on to the consumer.
The only way prices are kept low is through competition, so vote with your feet. Always, always shop around.
I do avoid the black box insurers and the unknowns, so won't just go with the cheapest, but I cant remember the last time I renewed with an insurer in the recent past, always pays to shop around.
The only way prices are kept low is through competition, so vote with your feet. Always, always shop around.
I do avoid the black box insurers and the unknowns, so won't just go with the cheapest, but I cant remember the last time I renewed with an insurer in the recent past, always pays to shop around.
I get prices are up everywhere, I guess I just can’t comprehend how badly things have gone in the past 7 weeks to justify a 3.5x increase.
I agree, I’ve not renewed with any insurance company in the past 15+ years for the pure fact that new customers get better prices. And definitely don’t want to have a black box, I’ve already signed up with Admiral because it was a tiny bit more than the lowest quote I had got.
My post was more out of shock and frustration at how much it has changed in a short amount of time.
I agree, I’ve not renewed with any insurance company in the past 15+ years for the pure fact that new customers get better prices. And definitely don’t want to have a black box, I’ve already signed up with Admiral because it was a tiny bit more than the lowest quote I had got.
My post was more out of shock and frustration at how much it has changed in a short amount of time.
Wife parked on a bollard in march. Awaiting new panel (left side doors in one module) somes from shanghai. Fix date expected first week of sept. Least my white m3 looks different to the others. £7k repair cost predicted. 3mph accident. Motor torqued up and bolllard went into it like hot knife onto butter on the b pillar.
presumably no courtesy car from march-sept? someone reversed into me on the corner of the bumper and arch + wheel. repair bills est. £7k waiting for third party to respond - said no to credit repair + credit hire as no one i know has used that service
Drew57
Active ember
Other fart options are available (at least 6 or 7 according to Tesla, maybe us oldies need to re classify as ‘boring fart’ to lower the premium)
Dreading my next insurance renewal. Stupidly dinged the back, reversing into my own house (I know, I know… first accident and two years after getting the M3, too!). Car was collected on 28th of February… I’m still waiting… tempted to just ask if the insurance can write it off. Paying for a lease and petrol for the courtesy car is horrific.
Honestly, I don’t think I’ll be getting a Tesla again. Autopilot is nice when it’s not trying to throw me through the windscreen and their charging network is open to other manufacturers. ENiro will be the next one.
Honestly, I don’t think I’ll be getting a Tesla again. Autopilot is nice when it’s not trying to throw me through the windscreen and their charging network is open to other manufacturers. ENiro will be the next one.
look for insurance companies which will actually give you a tesla when being repaired
Very few will say they will, and those that do such as novo will likely be considerably more expensive in the first place
RedMod3
Member
Just renewed with LV, a week before I would normally get the renewal quote. It came in at £386, up from £354. However, If I took my wife off the policy, the premium would rise to £419. I'm reasonably happy with £386.
Drew57
Active ember
I insisted on an EV so 3rd parties insurance gave me a brand new £80k iPace Black Edition. Very educational discovering how hideously inefficient it was to charge & use compared to the Tesla.
Drew57
Active ember
I just checked, it was actually my insurer Churchill that arranged the replacement & back charged theirs.
Ah right. If its non fault then they like to get as much as possible from the other insurer
well i continued to drive it until the parts arrived and eventually could ignore all the sniggers from everyone who saw it. actual repair took 2 weeks.
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