I've no feel for how renewal premiums are going but I would not be surprised if the pandemic has played merry hell with all sorts of algorithms including those that determine quotes. I've read previously that very low mileage can raise premiums more steeply than if you're a bit above the average of 12k/pa or whatever it is.
You've already got quotes, you need to have a conversation with your insurer about whether/how they might influence what you're currently been quoted. If another reputable insurer gives you a better quote (don't overlook fees for changes, foreign use etc) then go for it.
I moved from LV= to Direct Line this year because, even after admitting an own fault write off, it was £200 cheaper.
I'm wondering whether insurers are now thinking that because of lockdowns etc, people will be generally driving less often and, at least in their eyes, will be a bit rusty. That might be so if each of us dramatically dropped the estimated mileage on our renewals, but if not, I don't really see much of a change.
In my experience of often doing low annual mileages (when travelling to work by train), going below 5,000 miles pa made no difference to my premium, but the difference when I was using the car to commute and at work (10-12,000 miles pa) was only about an extra 10% on the price or so.
I'm wondering if the price increases have been more to do with people activating insurance policies to do with illness and especially losing their jobs or even businesses in the current climate. When we've had a very bad year for storms / floods, prices of most types of insurance in the next year seemed to go up to 'compensate'.
|
