You've done well by comparison.
Mine was £420 with Tesco and now they wanted just shy of £900. No claims, clean licence, same car and same address.
Ploughed through the comparison sites and £460 is the best out there, which I'll take as a reluctant win.
I'd count that as a big win - mine went up from £490 to £780 with full NCD, that's 60% - I couldn't get cheaper on the comparison sites so had to bite the bullet - it's a group 43 car so higher than most examples here but I also think that insurers are starting to load over-70s more heavily than they used to.
|
|
Just renewed our old Venga.
SNAP £158...
Bit cheaper...
Edited by maxime on 21/10/2023 at 16:25
|
|
First time that NFU have been toppled off top spot in Which.
And the company to achieve this is LV .
|
First time that NFU have been toppled off top spot in Which.
And the company to achieve this is LV .
If any firm was going to do that, I thought it might be them. My OAP dad changed from his 'old' Axa 'staff' policy (he had worked for gardian who were bought by Axa) to LV because they were cheaper (ironically - and only after Axa jacked their prices up for his ilk) and to him, gave far better customer service.
In my view, the big 'downside' of going with NFU is and always has been the price - most of the time, they were 50-100% more than the average of the rest. Fine if money isn't a problem, not so much if it is.
|
|
Years ago had all my insurances with NFU, very reasonable costs with first class service, the premiums gradually got higher till i could no longer justify staying with them.
The way things are going judging by the stories here and elsewhere it might be time to revisit NFU for quotes.
|
|
The old Focus is due its MOT tomorrow so I checked my annual mileage and was surprised I have only done 1081 miles. I knew it would be low but not that low, even though I work at home all the time. My policy states 6000 miles so I phoned them up to clarify, they are happy as it's 'up to 6000' so all good there.
Even better the operative knocked £30 off so my renewal has gone from £114 to £130, not £160. A saving of £30 in the bag is always welcome, it's roughly half a tank of petrol or a few pints of Bass ;-)
|
The old Focus is due its MOT tomorrow so I checked my annual mileage and was surprised I have only done 1081 miles. I knew it would be low but not that low, even though I work at home all the time. My policy states 6000 miles so I phoned them up to clarify, they are happy as it's 'up to 6000' so all good there.
Even better the operative knocked £30 off so my renewal has gone from £114 to £130, not £160. A saving of £30 in the bag is always welcome, it's roughly half a tank of petrol or a few pints of Bass ;-)
crikey, can you still buy bass..?
|
|
Xileno, you are a time traveller and somehow manage to keep your budget from the 70's, could you let the rest of us in on the secret please.
|
Xileno, you are a time traveller and somehow manage to keep your budget from the 70's, could you let the rest of us in on the secret please.
Maybe he lives in an area devoid of cars equipped with Li-Ion batteries? :-)
Hopefully by the time my renewal comes around (end of March) everything will have been sorted out and prices will go back to 'normal' (whatever that is). The last thing I need at the moment is another big bill landing on my doormat.
|
|
Someone emailed earlier asking how. I can only assume it's a very low group car, worth next to nothing. Sleepy West Wilts market town, max NCD.
|
|
For comparison, just checked how much we paid for the Landcruiser in January, £275, comp, protected policy, 10k, commuting (automatic class 1 business use), probably worth £7k even at 18 years old, fairly quiet area in midlands market town.
|
|
That doesn't seem too bad for a bigger, heavier, more expensive vehicle. I don't have business cover, that must add a bit on. It may be a bit more this January.
|
That doesn't seem too bad for a bigger, heavier, more expensive vehicle. I don't have business cover, that must add a bit on. It may be a bit more this January.
That 'bit' more, and the 'bit' more the turbo Subaru might increase will be interesting.
Class 1 business use is, or was, standard with comp Direct Line policies.
|
|
Is there some sort of pattern appearing , in that the lower priced quotes have originated from subsidiaries of the major brands ie Admiral instead of parent company Direct Line . But the companies recommended for great customer service and comprehensive policies such as LV and NFU will cost more.
Also LV underwrite their own policies so a decision will be forthcoming quickly whereas the lesser companies will need to refer the claim upwards which will involve a wait and some wrangling ?
|
|
Just renewed my car insurance. Years past, following the renewal quote, l used to go through the process of calling & haggling. l don't bother anymore, as it doesn't really make a great deal of difference. Just get on the comparison sites, get the best deal for the same like for like policy, which is invariably cheaper than the renewal quote & go with that.
|
Is there some sort of pattern appearing , in that the lower priced quotes have originated from subsidiaries of the major brands ie Admiral instead of parent company Direct Line . But the companies recommended for great customer service and comprehensive policies such as LV and NFU will cost more.
Also LV underwrite their own policies so a decision will be forthcoming quickly whereas the lesser companies will need to refer the claim upwards which will involve a wait and some wrangling ?
Don't know, several years ago i tried DL for the first time (they're not on comparison sites) and found not only good quotes but also easily understood and friendly helpful staff at the end of the phone, since going with them have found the annual increases to be hardly worth worrying about, earlier this year SAGA as usual increased SWMBO policy for which DL quoted around1/3rd less, asked saga to come down some but they wouldn't play ball so all our policies including home are now with DL, am hoping this happy situation continues, will be reporting either way mid January.
It makes sense that NFU are more expensive, their customer service is probably in the top 2 and they are competent if a claim arises, i was with them years ago when their premiums were really quite competitive, thinking about it more that was before 4x4's became mainstream car choice wonder if that could be why their costs and premiums have risen so much?
|
|
Interesting that an insurance friend recommends going for companies that underwrite their own policies which shortens any claim process.
In the case of DL they own the underwriters UK insurance . LV underwrite their own policies.
Isnt Tesco insurance underwritten by DL ?
|
Interesting that an insurance friend recommends going for companies that underwrite their own policies which shortens any claim process.
In the case of DL they own the underwriters UK insurance . LV underwrite their own policies.
Isnt Tesco insurance underwritten by DL ?
It may be marketing BS to suggest that.
Having used a specialist broker who arranged the policy with a small insurer who underwrote the policy at Lloyds, I experience no delays when I wrote my Subaru off nor when special terms needed negotiating because of health conditions - in both cases the broker couldn't make instant decisions on the phone but called back with decisions within the hour.
|
|
"In the case of DL they own the underwriters UK insurance . LV underwrite their own policies.
Isnt Tesco insurance underwritten by DL ?"
Direct Line is a brand name, not an insurance company. DL is underwritten by UK Insurance.
|
|
Didn’t realise that LV are part of the German insurer Allianz and the brand may be dropped at some stage to reveal the new owner.
Ive noticed the reluctance to negotiate on prices since the takeover. Is this the general view?
|
|
My car is insured with RAC. But of course it isn't really, it's Ageas and my wife's car is Bank of Scotland, but it's actually some outfit named West Bay Insurance based in Gibraltar and managed through BISL. BISL is an intermediary who crop up frequently behind household names on the aggregator sites. Worth looking into who you are dealing with before clicking 'Buy'.
|
- if I damage another car I am unconcerned how the insurance company deal with their claim
- if my car is damaged and repairable, it should be fixed to a reasonable standard
- if someone hits my car I can claim on their insurance
I am only concerned about the performance of my insurance company if my car is a write off with an inevitable dialogue/argument over the value.
A poor insurance company may make a poorer offer - although I am not sure there is any quantified evidence for this.
In 50+ years of driving I have never written off a car, and the last claim I made was over 15 years ago. I guess it makes sense for me to take the risk of poorer service or unrecognisable brand than pay a higher premium.
So I am unclear how "service" and "brand" actually make a real difference. Policy selection, price aside, is largely determined by limits to European travel, and hire car if mine is damaged.
|
|
As an example Terry , friends had to claim on their house insurance for a fire. The repair work took over 12 months and when the underwriters surveyor eventually came he told them that it would have all been sorted in a quarter of the time if they had been insured with NFU rather than the supermarket brand house insurance.
Not exactly the same scenario as car insurance but in some ways more important ?
|
As an example Terry , friends had to claim on their house insurance for a fire. The repair work took over 12 months and when the underwriters surveyor eventually came he told them that it would have all been sorted in a quarter of the time if they had been insured with NFU rather than the supermarket brand house insurance.
Not exactly the same scenario as car insurance but in some ways more important ?
Insured house with Policy Expert. Land Rover Discovery hit house at 20mph, damaged walls, cracked plaster etc. Policy Expert - our insurers - were first rate. Repaired walls, repapered walls, painted . All within 6 weeks.
|
|
House insurance is fundamentally different to car insurance.
With house insurance just about every claim will need to be settled by my insurers, not a remote third party. Service, quality and reputation are important.
Car - based on the last 50 years I have little need to insure damage to my own car. The few accidents (all fairly minor) have been dealt with by a claim on another policy.
It could all change tomorrow of course (although I hope not).
I only have car insurance because a) it is a legal requirement, (b) comprehensive is little/no more expensive than 3rd party, and (c) the low probability of a financially ruinous error (eg: causing major injury or death)
|
|
|
|
