04-15-2023, 01:30 AM | #1 |
Second Lieutenant
167
Rep 286
Posts |
Car Insurance
Unfortunetly time of year has come to renew my car insurance and my current company wants nearly triple what I paid last year, been sent qoute just over £1270, bit of a insult been honest, checked the usual websites and looks like the best comes up to £640 for a year which is still more then last year but more managable and still belive there is better out there, 14 years of NCD, and not a spring chicken nearly magic 4 at the front , so anyone recently renew and had a better experiance then my self? If you can recommend someone please let me know.
Many Thanks Ade |
04-15-2023, 03:20 AM | #2 |
Major
537
Rep 1,077
Posts |
I went through confused.com as they still pay cashback, unlike the insurance companies direct.
It depends on the car and the postal code of course, but on a £30k 128ti a few months back I paid £420 - helps to put the other half on it - apparently shes less risk than me (you should see her drive ) |
Appreciate
0
|
04-15-2023, 04:42 AM | #3 |
Colonel
2092
Rep 2,459
Posts |
All I can add to this is the magic “buy insurance 21 days ahead” claim spouted by Martin Lewis is bull.
Keep checking quotes, I was struggling for a good quote this year and bought 1 week before mine was due and it had dropped £200. |
Appreciate
1
ade555167.00 |
04-15-2023, 05:17 AM | #4 |
Lieutenant Colonel
2142
Rep 1,987
Posts |
Always seems a bit pointless different people comparing insurance prices IMO.
Everybody's 'risk' is completely different therefore so are the premiums. I will be paying £255 a year for a Type R, but it doesn't mean anything to anyone else. |
Appreciate
0
|
04-15-2023, 05:35 AM | #5 |
Captain
967
Rep 872
Posts |
How does that compare to your F3x?
|
Appreciate
0
|
04-15-2023, 06:45 AM | #6 |
Lieutenant Colonel
2142
Rep 1,987
Posts |
About the same. For some reason (probably because I'm old, the wife is fairly old and we have a million years of NCB and no points for over 15 years) my insurance is dirt cheap on anything TBH. It won't last!
I have never claimed on car insurance, ever. Not even a windscreen. The windscreen claims can make quite a big difference from what I've seen. I have a mate who lives in the same postcode, he is five years older than me, and his premiums are way more than mine but has claimed for three windscreens in the past. I think I could insure an Enzo for about a fiver! Last edited by Pond; 04-15-2023 at 06:50 AM.. |
Appreciate
0
|
04-15-2023, 08:37 AM | #7 |
Second Lieutenant
104
Rep 247
Posts |
Have you tried A-Plan? They're quite sensible with modifications too. If you're a member of the BMW Car Club of GB, then you may get discounted on that too.
|
Appreciate
0
|
04-15-2023, 10:01 AM | #8 |
Second Lieutenant
167
Rep 286
Posts |
Yeah I get that everyone risk is different, but was interested if someone recently get insurance and come a cross company that was better then another if you know what I mean specially for BMW, my situation didn't change one bit so can't understand price rise, last year I was able to insure my car for £416 this year cheapest is £641. Has 4 series become more popular to thieves?
|
Appreciate
0
|
04-15-2023, 10:02 AM | #9 |
Second Lieutenant
167
Rep 286
Posts |
|
Appreciate
0
|
04-15-2023, 10:07 AM | #10 | |
Second Lieutenant
167
Rep 286
Posts |
Quote:
|
|
Appreciate
0
|
04-15-2023, 12:27 PM | #12 |
Lieutenant Colonel
2142
Rep 1,987
Posts |
|
Appreciate
0
|
04-15-2023, 04:46 PM | #13 |
Second Lieutenant
167
Rep 286
Posts |
Should have clear this up before, she dosn't have licence so no option, I just can't understand what excuse they use to raise the premiums like that, just enoyed more then anything else. Will make some phone calls on Monday and report back.
|
Appreciate
0
|
04-15-2023, 06:41 PM | #14 |
Major
1684
Rep 1,454
Posts |
May we assume no accidents? If so, tripling your premium can only be down to them rezoning where you live as a high risk location. Over here it's called the zip code lottery.
|
Appreciate
0
|
04-16-2023, 01:17 AM | #15 |
Second Lieutenant
167
Rep 286
Posts |
|
Appreciate
0
|
04-16-2023, 04:29 AM | #17 |
First Lieutenant
185
Rep 377
Posts |
It could just be us all getting screwed across the board by the insurance companies, every other business is doing the same. From reading regular posts on the cutters forum/Facebook groups there’s lots of ridiculous increases or even renewal refusals recently, yes mostly M cars on there & some of the owners are ridiculously young. A Plan gets mentioned a lot for decent quotes, dreading my renewal in July!
|
Appreciate
0
|
04-16-2023, 11:16 AM | #18 |
Captain
257
Rep 818
Posts |
A few material factors at play here in terms of insurance premiums we’re all paying. Costs incurred by insurers have gone up significantly over the last 12 months, driven by inflation on parts and labour, alongside significant increases in vehicle hire costs plus higher new/used car prices in total loss claims where vehicles require to be replaced rather than repaired, hence why e.g. Direct Line made a £45m loss in 2022. New premiums have risen to reflect these costs, with the year-on-year price increases being amplified by lower 2021/22 premiums directly resulting from reduced mileage and accident rates during the pandemic.
|
Appreciate
1
G50966.50 |
04-16-2023, 11:29 AM | #19 |
Lieutenant General
9110
Rep 12,589
Posts |
I will be paying - deal done then????
|
Appreciate
0
|
04-16-2023, 11:56 AM | #20 |
Second Lieutenant
167
Rep 286
Posts |
In all honesty like I said nothing has change in my circumstance, over £200 premium increase I know is not the end of the world, just getting feed up been screwed over by companies.
|
Appreciate
0
|
04-16-2023, 12:38 PM | #21 | |
Colonel
2092
Rep 2,459
Posts |
Quote:
Have you seen the price of cars these days? |
|
Appreciate
0
|
04-16-2023, 01:11 PM | #22 |
Second Lieutenant
167
Rep 286
Posts |
Yeah I did, but insurance premium are done allegedly on risk factors of driver 🤔 and we already had problem with cars prices last year, so nothing has change on that front, to me looks like they raise premiums just because they can and following the same map as utility firms.
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|