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What's everyones insurance renewals this year?
- Thread starter Scott Peak
- Start date
Even on goCompare the usual insurers are absent. Between inflation and availability of m3 orders, I feel this is not a great time for insurance in the UK.Lucky. Will try Churchill... Direct Line flat out just say no for me after going through the quote.
I was with Churchill and paid £314 last year (for a Model 3 Performance). This year they quoted £384 to renew, so I used Compare The Market and got it down to £328 (with Carole Nash). What was interesting was that when I spoke to Churchill, to cancel my renewal, there was absolutely no attempt to negotiate a lower price to keep the business. The chap I spoke to told me that they were getting a lot of Tesla owner cancellations and that the reason their quote was a lot higher was the need for the cars to go to Tesla for repair in the event of accident. Make of that what you will!
PITA
Model 3 Performance
Last year mine was £750
This year it went up to £1,004
My other petrol car went down by £200 - so it averaged out pretty much
This year it went up to £1,004
My other petrol car went down by £200 - so it averaged out pretty much
Churchill was £357 last year for my 2019 LR for comprehensive, this year I upgraded to Comprehensive+ on a new 2022 LR to get foreign travel, legal, 2 years of new car replacement and paid £319.
There is no logic to insurance prices, there no way the total risk for you has doubled in a year, just like there is no reason my risk has reduced. The market is corrupt, and insurers work together to unfairly penalise customers. Very british.
There is no logic to insurance prices, there no way the total risk for you has doubled in a year, just like there is no reason my risk has reduced. The market is corrupt, and insurers work together to unfairly penalise customers. Very british.
M1tch
2021 M3P with EAP
Sounds like yet more financial increases to yet further throttle back the freedom of the population. There really is something odd with the country at the moment and can’t work it out.
Update: Spent all morning trying to get price down. I'm 6yrs NCB and nearly all the major insurers have decided to flat out decline. Only one I've been able to get close to last years quote is Flow Insurance which I've never heard of.
Unsure if it's just your luck with these quotes or it's related to me moving to salary sacrifice for the Tesla - however it was fine for the first years.
Unsure if it's just your luck with these quotes or it's related to me moving to salary sacrifice for the Tesla - however it was fine for the first years.
LV last and this year - last year it was £270, this year (June 26) it was £364.
In fairness the £270 quote last year was a quote i did 4 days prior to the 30 days before renewal, I just moved my date of renewal forward by 4 days to get an idea of what the price would be. I did another quote (confused.com) on the 30-day limit and they wanted £345 - so I just started my insurance 4 days earlier and accepted the much cheaper quote, However I am happy with the price and I quite like LV and especially the free tow to a charger if I should ever run out completely (not that i envisage i will ever do that)
In fairness the £270 quote last year was a quote i did 4 days prior to the 30 days before renewal, I just moved my date of renewal forward by 4 days to get an idea of what the price would be. I did another quote (confused.com) on the 30-day limit and they wanted £345 - so I just started my insurance 4 days earlier and accepted the much cheaper quote, However I am happy with the price and I quite like LV and especially the free tow to a charger if I should ever run out completely (not that i envisage i will ever do that)
I'm with flow - I've not had any issues so can't comment on how good they are, but looking & making changes to account is all online and super easy, no rubbish admin fees etc. They're a subsidiary of LV fwiw
I have been with LV= since I got my Model 3 LR in summer 2019. £382 this year, including a fair number of extras (protected max. NCB, Motor Legal expenses), without which £300 on the dot. I got a 5% discount by calling to tell them they were not the cheapest quote I had on renewal. I did indeed have a fractionally cheaper quote, just £5 or so, but I stayed put to save hassle. 63 and max NCB in a low (motor) crime Scottish city.
Lord Farquad
2022 MYLR W/B/20s/Tow bar. Previously 2021 M3SR+
Insurers will only allow you one set of NCB per vehicle. For example; you build up 9 yrs NCB on a car then buy a second car. You can use the NCB on one car but the other becomes 0 NCB.
This is bonkers as the NCB relates to the driver. But that’s the way they work (stitch us up).
RedMod3
Member
M3P September 2021 was £338, September 2022 £386. Got a discount by adding SHMBO on the policy, although she won't drive it.
(only one car with them but another car with a different insurer… though they do know I have 2 cars)
Mine was around this figure, with flow. Second car, 10 years NCB and a sleepy Bath postcode.
Compared to my other car that’s of similar performance at less than half the price, it’s high!
