Can anyone explain why insurance companies have such wildly different prices. I'm looking for a new motor and typed in all the details into a comparison site. The lowest quote I got was around £750 - but the highest, for the same vehicle is £18500!
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I would like to know myself the insurance company that I had been with for many years wanted £800 that was up 300 on the last year a quick shop around I got it down to £300 so I snapped it up -
The ridiculous price is because they don’t want you particularly but if you’re determined to use they will insure you!! But at a cost!!!Comment
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I had a Range Rover when I got it it was £330 to insure, 2 years later it was £1300, so I sold itComment
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I've had this often. Like you I shop around and get it cheaper. It happened with our house insurance a few months ago. They wanted 30% more for some reason. Anyway, after ringing them they gave us a much cheaper rate with hardly any increase on last year. They must make a massive profit from people who just take the default renewal.Comment
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The time of day you apply for a quote via a web site also has an effect on the price.
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They try to tell you it has to do with inflation, the war in Ukraine and any other things like paying for Two-Tiers box at Arsenal... But in reality it is your post code and the environment you live in (culture). I was the same a couple of months ago, quoted over £3000 for the year and without breakdown included. A few days later got an email from the Compare company and there was Esure at £1200 including AA recovery.
Should state that I do not work for Esure or get any gifts from them, my clothes are all bought by myself, I have the Oxfam reciepts to prove it.Comment
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The main cause of the current premium increase is a sharp rise in claim costs. There are a number of reasons for this, but a lot of it is still to do with a shortage of parts as a result of the Covid lockdowns. It's not uncommon for repairers to have to wait longer for parts which extends the repair time, and in turn the length of time that a courtesy/hire car has to be provided. Additionally, the costs of the part itself is now much higher. Teh last official figures I saw suggested claim costs are now over 50% more than they were 5 years ago.Si vis pacem, para bellum.Comment
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WHAT car YOU GONNA buy Dave a R/R ? for that much money WOW an im moaning at 450 quid for my car insurance an thats protected my no claim at 50% as i used to have 70 % no claim but for some reason they have done away with my 70 % an took it down to 50 % so my answer is get a smaller car like i have an do away with your merc just my thoughts on the subject
ChrisbLast edited by boatman; 19 September 2024, 10:29.Comment
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YEA so they sold abroad an my freind has a fairly new range rover 3 litre an i was amazed when he told me that the rd tax is 750 quid a yr whereas my car is 35 quid a yr as small eninge 1200 cc an its in very good nick so that car should see me out of drivein an im happy with it
chrisbComment
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Yep, most of them end up up initially in Northern Cyprus, then across to Turkey and on to the Middle East.Si vis pacem, para bellum.Comment
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I'm downsizing from my Merc E280 to a Merc C180. OK, not much of a downsize, but I can't keep the battery charged on my E280 diesel as I only drive about 15 miles a week - the continuous stop/start soon uses up the charge - and that distance doesn't give the battery time to recharge properly. Hopefully a petrol engine uses less to start. I used my last C180 for much the same sort of driving and never had a problem in 5 years.
I've looked at lots of these shoebox-on-a-roller-skate smaller cars and I'm not impressed. I want a car that I get into rather than one I put on!Comment
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