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LV insurance hike - quick sense check
- Thread starter spon88
- Start date
RedMod3
Member
No it isn't so I will draw their attention to that extra security feature. It is dark, so in black/white under IR lighting.
That's a very similar story to a friend of mine who's interested in a M3LR but has had massively cheaper quotes for Polestar et al.
The troubles with CCTV was highlighted by a few incidents I had. A case of vandalism to wife's car by a group of youths nicely recorded. Police response was 'Do you know who they are otherwise we aren't going to find them'. Not an important enough crime for them to bother?
A break-in at my business and the perpetrator wore a hoodie. Again, police couldn't be bothered to go check other CCTV in the area to follow the chap back to identifiable.
I was actually surprised mine hasn't gone up more, last year for my M3LR was £387 with Churchill. Since then I've has 2 bumps (1 hitting a deer and another with a Van that still isnt settled
) So my NCD has gone from 9+ to 1. This years renewal quote is £748. Cheapest comparison I've found on websites is £830. If i'm honest i was expecting well over the thousand mark.
) So my NCD has gone from 9+ to 1. This years renewal quote is £748. Cheapest comparison I've found on websites is £830. If i'm honest i was expecting well over the thousand mark.
It appears to be very easy for companies to game the system. They can't offer different prices for the same policy ... so they make a minor change to your policy and they can then charge what they choose, whether new or a renewal.
Jonnymack74
Member
Mine last year.. post accident, was about 550. This year the same firm quoted 860. Eventually settled for 770..couldn't get cheaper...cost of living and whatever bollocks you'd care to make up to justify it. The whole insurance process needs investigating IMO. All parties involved committing vast fraud
WannabeOwner
Well-Known Member
Insurance company saying they need a tracker normally means a Thatcham-certified device, and the Tesla inbuild one isn't that. But ... insurer might actually allow Tesla one, if you ask. My insurer has a value limit for tracker, I just lowered the insured value of my car below that limit, rather than have all the trouble and expense of fitting a 3rd party and approved tracker (and an annual subscription)
I discussed it with them when I had an M3P and they said the default one was fine. I haven't raised it it with them again since we switched to an MYP earlier this year. Is that a definite or possibly an advisor making it up as they go along? Grateful if you can let us know if they are now insisting please.
the problem is the burden of proof if they suddenly change their mind about whether or not Tesla built-in is fine. If they tell you it is, ask to have it sent in writing (email is fine).
If they end up saying no on the phone, you can be sure they will keep the recording so you won’t be able to claim that you though it was fine…
But I'm told they have to release recorded calls if you request it. I once got into a dispute with Eurotunnel over poor fare advice and forced them to release the call I made to their operator. They weren't able to withold it althought they tried initially. I guess the same would go for insurers? But I do take your point and clarification is needed.
I insured with LV for years and they were fine with the tesla tracker.
They even considered the Leaf tracker to be valid and you might remember how crappy that was..
I stopped insuring with them with the Y because they weren't competitive (despite it being a very similar car) and ended up with Admiral who have never even asked.
What I'm waiting for is the first insurer to give a discount for P2D..
They even considered the Leaf tracker to be valid and you might remember how crappy that was..
I stopped insuring with them with the Y because they weren't competitive (despite it being a very similar car) and ended up with Admiral who have never even asked.
What I'm waiting for is the first insurer to give a discount for P2D..
Got an email yesterday from LV saying they're not able to offer a renewal quote for my long-standing Model S (P85) insurance with them. I have 9 years NCB and so obviously haven't ever claimed - anyone know why this is?
Plus the fact that a relatively minor bump can leave the car written off if there’s any suspicion the battery pack is damaged. (Happened to me, so I can say that first hand. Car was drivable, and seemed eminently repairable, but written off. Not surprised premiums are up).
But on the other hand none are stolen. Pretty much the opposite of a Jaguar Land Rover...
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