LV insurance hike - quick sense check

[Ijuk]

Insurance is crazy seems better if you are outside Manchester. II moved from a 60k+ jaguar car to the Tesla y; wife has it and the insurance less than 50% of mine for more mileage and I am still in her policy. It is the costs to repair and the speciality of the repair that I think is responsible not just the speed (one can see that black box recording does not decrease premiums much).

The aim of the 3 and y seem to be to Mass market akin to the Corolla however the insurance costs will certainly hamper uptake in Uk. I had originally planned to replace my wife’s with another Tesla when her pcp is up however if the insurance does not come down I’ll look elsewhere and I am sure I will not be alone.

 

[Wattsisname]

Insurance is crazy seems better if you are outside Manchester. II moved from a 60k+ jaguar car to the Tesla y; wife has it and the insurance less than 50% of mine for more mileage and I am still in her policy. It is the costs to repair and the speciality of the repair that I think is responsible not just the speed (one can see that black box recording does not decrease premiums much).

The aim of the 3 and y seem to be to Mass market akin to the Corolla however the insurance costs will certainly hamper uptake in Uk. I had originally planned to replace my wife’s with another Tesla when her pcp is up however if the insurance does not come down I’ll look elsewhere and I am sure I will not be alone.

When is the Jaguar insurance due for renewal?
I noticed a headline stating that car insurance is up 50% this year across the board. It will be interesting to see what they want for the Jaguar.

 

[PITA]

When is the Jaguar insurance due for renewal?
I noticed a headline stating that car insurance is up 50% this year across the board. It will be interesting to see what they want for the Jaguar.

My Wife's 2023 new Skoda Enyaq VRS Coupe (Maxx Pack) insurance was £1200

Gap Insurance was £250 for 2 years (back to invoice £60,000)

 

[Kenners]

When my wife got knocked of her push bike, the all in legal paid by the (at fault) driver’s insurer was 800k, so I take the repair issue cost excuse with a bit of a pinch of salt. It is often not the only cost involved in a crunch.

I have also not seem any data suggesting lots of Tesla’s are crashing. Given the tech it should reduce incidents, despite all the random acts of autopilot. So even if repair costs are higher, there should be fewer of them surely? And theft has been near zilch (so far).

All in I think they are gouging and know they have space to as other running costs are lower. And I would bet you can prove that with accident data.

 

[pgkevet]

Another absurd quote. Okay I had a ding this year .my first for 30yrs.. I live rurally and quote has gone from £337 to £2932

 

[Whyone]

Impressive!

 

[yessuz]

And funny thing is that other EVs are like 400-500 max

 

[Adopado]

Another absurd quote. Okay I had a ding this year .my first for 30yrs.. I live rurally and quote has gone from £337 to £2932

Is this the figure on your renewal quote with your original insurer? I think we need to know the company ... one to avoid!

 

[gangzoom]

Impressive!

Very!

 

[pgkevet]

Is this the figure on your renewal quote with your original insurer? I think we need to know the company ... one to avoid!

LV via RAC

 

[PITA]

Another absurd quote. Okay I had a ding this year .my first for 30yrs.. I live rurally and quote has gone from £337 to £2932

What did you ding? ... Putins Bugatti Veyron

 

[RedMod3]

Just renewed with LV £386 up to £588, quite a shock!

 

[Wattsisname]

Just renewed with LV £386 up to £588, quite a shock!

£588! I can only dream

 

[yessuz]

Just renewed with LV £386 up to £588, quite a shock!

 

[pgkevet]

What did you ding? ... Putins Bugatti Veyron

I had a brainfart at a t junction. Watching left and right for a safe time to pull out..pulled out slowly and horror hadn't seen the car dead ahead waiting to turn in. Hit brakes and hardly touched him but the crumple zone on mine did just that. Tiny dent in his wing but front panel, bumper and under tray on my S split. Was drive able home though..
I rang up yesterday. There was a second incident where a driver claimed i reversed into them.. spurious accusation and the assessor that looked at my pristine unmarked car agreed it was a crock but apparently that is still an open case!
Which all makes 8t hard to go looking for alternate insurers. Daft since with protected NCD that still day I have 9 yrs but would have to declare both incidents.
Tempted just to sell the bloody thing and go with a cheap s/h Toyota
I should add that when I was accused of reversing into the other car in a car park I got out and couldn't see any damage to either but the other driver was being a real pita so I told them to claim rather than argue. It may just have been an attempt to extort?

 

[Whyone]

Just renewed with LV £386 up to £588, quite a shock!

Not too bad in today's market.

I assume you did a full check of what was availabe to you and that was the best price for the cover required?

 

[PITA]

I had a brainfart at a t junction. Watching left and right for a safe time to pull out..pulled out slowly and horror hadn't seen the car dead ahead waiting to turn in. Hit brakes and hardly touched him but the crumple zone on mine did just that. Tiny dent in his wing but front panel, bumper and under tray on my S split. Was drive able home though..
I rang up yesterday. There was a second incident where a driver claimed i reversed into them.. spurious accusation and the assessor that looked at my pristine unmarked car agreed it was a crock but apparently that is still an open case!
Which all makes 8t hard to go looking for alternate insurers. Daft since with protected NCD that still day I have 9 yrs but would have to declare both incidents.
Tempted just to sell the bloody thing and go with a cheap s/h Toyota
I should add that when I was accused of reversing into the other car in a car park I got out and couldn't see any damage to either but the other driver was being a real pita so I told them to claim rather than argue. It may just have been an attempt to extort?

Sorry to read that... just unfortunate.

My Vauxhall is only £250 per year to insure. Nice car. Slow & steady so it suits me when I'm not rampaging in the Tesla Performance option.

 

[RedMod3]

Not too bad in today's market.

I assume you did a full check of what was availabe to you and that was the best price for the cover required?

Yes, the cheapest was Admiral at just over £500, but with much reduced cover. Direct Line was £00s more. It helps adding an extra driver (wife) even if the person is unlikely to drive it - saved £200.

 

[RedMod3]

Another absurd quote. Okay I had a ding this year .my first for 30yrs.. I live rurally and quote has gone from £337 to £2932

Are you absolutely sure they did not misquote you?

 

[Whyone]

Yes, the cheapest was Admiral at just over £500, but with much reduced cover. Direct Line was £00s more. It helps adding an extra driver (wife) even if the person is unlikely to drive it - saved £200.

The other biggie I found (somewhat counter-intuitively) was to change the cars overnight storage location from garage to drive.