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Last year LV saved me 200 quid. Just got the renewal through, 20 quid cheaper than last year. Long NC history, clean licence over 60 etc and its a Vauxhall EV.
Very happy with that.
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'Ancient female in the North' said .......
LV insurance is certainly expensive; mine went up by about £200 last year, and it's gone up again, by even more. I have a long no claims history, clean licence, but I'm guilty of being over 80. And I suspect being 85 this year adds to the crime. I was told if I applied as a new customer, I'd be turned down, because they have stopped accepting over 80year olds. I looked at a comparisonn site, and there were cheaper options, with higher compulsory excess, but I'd never heard of them, so I have to bite the bullet. And I drive a Jazz, so if you're over 80, they are not at all cheap to insure.
You started off by saying that .... LV is certainly expensive.
But then went on to concede that ......... And I drive a Jazz so if you're over 80, they are not at all cheap to insure.
You also said ..... there were cheaper options but with higher compulsory excesses.
So could it be that they're actually not necessarily "certainly more expensive" ?
After ringing (LV) recently my renewal finished up at £203 ... down from £227 last year. So it goes to prove that what applies to one set of circumstances doesn't necessarily apply to anothers and your blanket assertion above isn't entirely correct.
Edited by KB. on 07/09/2024 at 22:42
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'Ancient female in the North' said .......
LV insurance is certainly expensive; mine went up by about £200 last year, and it's gone up again, by even more. I have a long no claims history, clean licence, but I'm guilty of being over 80. And I suspect being 85 this year adds to the crime. I was told if I applied as a new customer, I'd be turned down, because they have stopped accepting over 80year olds. I looked at a comparisonn site, and there were cheaper options, with higher compulsory excess, but I'd never heard of them, so I have to bite the bullet. And I drive a Jazz, so if you're over 80, they are not at all cheap to insure.
You started off by saying that .... LV is certainly expensive.
But then went on to concede that ......... And I drive a Jazz so if you're over 80, they are not at all cheap to insure.
You also said ..... there were cheaper options but with higher compulsory excesses.
So could it be that they're actually not necessarily "certainly more expensive" ?
After ringing (LV) recently my renewal finished up at £203 ... down from £227 last year. So it goes to prove that what applies to one set of circumstances doesn't necessarily apply to anothers and your blanket assertion above isn't entirely correct.
Seems a wee bit of a harsh (or critical) response KB.
My Dad's (he's 81) renewal came in from Swinton last month. His premium had shot up (about £200 taking it to about £600). Max NCD, 5,000 miles a year, car kept in garage, good area etc). Incidentally, his insurance also rocketed last year, by around £150.
Tried phoning Swinton on consecutive days to try the "good loyal customer, can you do a wee bit better" approach. This approach has worked very well with me for various companies in the past. But on each occasion the automated system put us on a queue, only to be cut off without being able to speak with anyone (after waiting around half an hour each time).
Tried an online quote with LV= (I'm with them myself). They refused to quote "due to the age of one of the drivers". I'm in my 50's, my dad is in his 80's, so I'm sure it was his age they were referring to. I thought age was a Protected Characteristic, so don't know how they can legally discriminate in this way!
Ended up going with Aviva (via the Money Saving Expert comparison site). They came in about £425.
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'Ancient female in the North' said ....... looked at a comparisonn site, and there were cheaper options, with higher compulsory excess, but I'd never heard of them, so I have to bite the bullet.
I've had these lower quotes from these "no name" companies (from comparison sites) in the past, but I've no way of knowing if they're legit, or even if they'll pay out. Personally speaking, I'd be very wary of taking out insurance with a company I'd never heard of.
My dad has a six year old Golf 1.5 (130 BHP) estate, so hardly a boy racer car either.
KB, are you in your 80's? What car are you insuring? And, what is your annual mileage? I'm asking this, as the prices you are quoting don't seem to relate to the prices the majority of us are being quoted.
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Just for openness. I have a 5 year old Ibiza. Do 18,000 miles a year. No change in circumstances. Last year Direct Line quoted £363. This year they tried to increase it to £699! (a rise of over 92%). Went with LV= who quoted £433.
Edited by FiestaOwner on 08/09/2024 at 07:28
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KB, are you in your 80's? What car are you insuring? And, what is your annual mileage? I'm asking this, as the prices you are quoting don't seem to relate to the prices the majority of us are being quoted.
I'm 73.
A Yeti and an i10 auto, Both 2011 cars. Both low mileage. no claims for many years. Decent area in the South West.
I agree the prices are low. I couldn't believe I renewed the Yeti at the figure I did .... less than last year .... but I'm obviously not complaining.
I'm sure my time will come, I'm not getting younger.. My neighbour pays over £1300 to insure his Tiguan but he IS in his early eighties and has had a claim and a speeding ticket.
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It’s annoying to hear all the adverts for NFU in which they say that 95 % of claims are paid out without quibble.
We all know what a good company NFU are and have local offices where you can visit to discuss problems face to face but when I asked for a quote I was told they could not compete with mainline insurers on price.
So is this insurer only used by farmers as an extension to their main business ? It all seems strange to me ! Can someone explain ?
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It’s annoying to hear all the adverts for NFU in which they say that 95 % of claims are paid out without quibble.
We all know what a good company NFU are and have local offices where you can visit to discuss problems face to face but when I asked for a quote I was told they could not compete with mainline insurers on price.
So is this insurer only used by farmers as an extension to their main business ? It all seems strange to me ! Can someone explain ?
20 or so years ago they were very competitive noticeably so if you had a large agri type 4x4 (can't speak for Range Rovers and other luxury SUVs because they're hardly the choice of typical native rural communities), so much so that we had all our insurances with them, they were niche then and almost no one outside the rural community insured with them.
A few years later the premium increases became so much we were compelled to drop them completely, i've tried several re-quotes but they don't come anywhere near.
A local lightning strike caused much damage to electrical equipment in our home to the tune of £2000 worth, NFU behaved impeccably and it was dealt with amicably from both sides without even a visit from them, so yes as an insurer when you need them they are top rate has been my experience..
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<< A local lightning strike caused much damage to electrical equipment in our home to the tune of £2000 worth, NFU behaved impeccably and it was dealt with amicably from both sides without even a visit from them, so yes as an insurer when you need them they are top rate has been my experience..>>
A few years ago we arrived at a B&B in a Gloucestershire farm, to discover that our room had suffered a major water leak above. Landlady gave us another room, and as they were a farm, NFU were on the case the next day.
Presumably as their main focus is on farmers rather than motorists, they may not mind turning down car business ?
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There is a BIG difference from 73 to 80s.
I am 78 and was £234 2 years ago with LV, in 2 years it has doubled and was £471
That was the cheapest by miles - over £750 was probably the the average from" Known Insurers" but 4 figures from many.
2023 CRV, only 6K, Wife & I, neither ever had points, 23 years since last claim (3rd party paid up in full)
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I wonder how long it will be before LV get rebranded to become Allianz the parent company which is now used instead of Flow insurance , the online version of LV which seems to quote exactly the same as LV!
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Enjoy 15% discount on LV if you buy home and car insurance as a member of Boundless.
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I have been with many of the major insurers over the years and the reason for changing has always been a big hike in premium somewhere along the way. What has always fascinated me is that I have always got a quote elsewhere much closer to what I had been paying.
The latest to fall by the wayside was Direct Line who nearly doubled my premium for the same car. This time I decided to steer away from the usual suspects and insured through my bank, the Halifax, who seemed very reasonable compared to many. There are advantages with this, already being a customer. However, I just hope they don't give me a nasty surprise in a couple of years time.
Edited by davecooper on 17/09/2024 at 20:45
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My cost was 80% increase last year and that was after using comparison sites. I ended up with Halifax and they wanted a small increase this year. I managed to save 20% by going elsewhere.
Which means i've effectively had around a 40% increase over the last two years.
Edited by bathtub tom on 19/09/2024 at 22:32
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I have been with many of the major insurers over the years and the reason for changing has always been a big hike in premium somewhere along the way. What has always fascinated me is that I have always got a quote elsewhere much closer to what I had been paying.
The latest to fall by the wayside was Direct Line who nearly doubled my premium for the same car. This time I decided to steer away from the usual suspects and insured through my bank, the Halifax, who seemed very reasonable compared to many. There are advantages with this, already being a customer. However, I just hope they don't give me a nasty surprise in a couple of years time.
The problem with insurers always has been that you only really know how good they are when you have to make a claim, particularly ones involving large sums of money and/or complex repairs where the quality of the management and repairer are very important.
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The problem with insurers always has been that you only really know how good they are when you have to make a claim, particularly ones involving large sums of money and/or complex repairs where the quality of the management and repairer are very important.
The irony is that you take a risk choosing which insurance company that you think will be competent for the price you paid should the worst happen.
Maybe insurance can be taken out to insure yourself against a bad choice choosing insurance.
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I think we all understand that the cost of cover will increase each year, just like everything else. It is the level of increase that shocks people. If you are currently paying £400 for cover and you hear that premiums are likely to increase by 20%, you mentally prepare yourself for a rise of perhaps £100 at worst. When your renewal quotes you £600, you start to ask questions.
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Are you sitting down?
My son & D-i-L have just had their car insurance renewal for their Jaguar E-Pace
Full No Claims, early 50s, 6,000 per year
Last year £408
This year £307
Allianz
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That’s amazing FB
Shurely shome mistake ?
Where do they live ?
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Understand that the company involved Alliance is the parent group for LV and what was Flow.
Is that right that Flow has been rebranded Alliance to offer a paired back service with no phone contact and most interaction carried out on line ?
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Just changed car - 2018 Peugeot 308 for a 2024 Seat Ateca.
With 9 months to go on the policy, LV completely surprised me by refunding me £40 on making the change.
All is well in the world of car insurance!!
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I too was taken by surprise when LV refunded me £55 after I had accepted and paid for my renewal .
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I too was taken by surprise when LV refunded me £55 after I had accepted and paid for my renewal .
Occasionally you still get these 'good news' stories. I experienced much the same with my former insurer esure a few years ago. They often waived the £25 change my policy fee and once did refund me when I had a lower premium after I changed my car's wheels and tyres to a smaller rim diameter / higher profile tyre combo.
Sadly from 2019 / 2020 onwards, they kept putting their premiums and incidental costs up, so I moved provider.
What many of these insurers fail to realise is that good customer service costs very little, because they then don't need to spend money to keep existing customers by doing last minute over-the-phone 'deals' to keep you on board and word of mouth recommendations (as we see on this thread) significantly reduce the need for marketing to attract new customers.
That's how business used to be done successfully. Perhaps some of our former legendary businesses need to pay attention to that.
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Just got a letter iro the Fiat500e insurance. Seems the big cuddly dog has made a whoopsie. There's an 85quid refund slothing it's way to me as we speak.
Good oh!
And the good news keeps on coming. EDF have lowered my monthly payment for the second time. See all that EV hypermiling is paying off. Interestingly it seems I'm managing to use over 72% of my leccy in the night rate five hour window. Sweeeet!
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I have had 2 refunds from Aviva over the past 10 months. Seems they did a recalculation and charged us too much.
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Overheads and the need to give staff a whopping pay rise on top of complex repairs and spare parts?
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