my insurance runs out next sunday, so i gave houghton a quick ring to see how much the renewal would be for the year, bearing in mind that i paid £280 fully comp on the classic policy last year i was a little bit annoyed when they said that it cost me £520 this year grrrrrrrrrr :reallymad All they said was the premiums have gone up on these cars, so i decided to ring round and AON quoted me £440 its still not the quote i wanted this year but its saved me a few quid, has anyone elses insurance gone up this year :confused:
insurance has gone up by alot this year between jul-aug because there is lots more people claiming for personal injuries this that and the other so we are paying the price, on average premium has gone up but 20-30 percent. for example in july i looked around for my vxr i was quoted around 1k and when it came to renew witch was end of aug the best quote i have got was 1227 so hope this answers your question
It was on the news recently, young male drivers can expect a 47% increase!
I rang my insurance about changing my car back to the rex.....midway through policy, and they were going to charge an extra £160, even though I\'d paid £800 at the beginning of the year
prices is just stupid i bought my fd a few months back but i cant afford to run it because insurance is gonna b 6k
Quote from: fd3szhi;722822prices is just stupid i bought my fd a few months back but i cant afford to run it because insurance is gonna b 6k
Try- Sky insurance, and Need2Insure
They give sensible quotes when all the other mainstream give 2-3000!
I pay £277:Giggle:Giggle:Giggle:Giggle:Giggle
You can always sell up and get a consistently (year after year with little to no rise in insurance) cheap to insure Deawoo Matiz 0.8L..
Or you can remember you drive a high performance sports car, and so insurance will never be "cheap".. :D
all insurance has gone up mate, i got another years no claims to my name and they put my bora from 61 a month up to 75!!! i went on there own website and it was 300 a year cheaper if i as a new customer, told them i wasnt happy with there quote, gave them the quote number and got it at the lower price, even though that was even more than it was about 6 months ago when i checked, the lady on the phone said to me all insurance has sky rocketed!!
just got renewal from Peter Best. Including charges (£12 admin charge? WTF?????) mine has gone up by £50 - not a happy bunny
Talk about thread revival!!!!!!!!!!!!!!
Mine has also gone up by nearly 25% from Peter Best. Dead happy last year when i got it insured for £352 fully comp but this year they want £434.
Life is never fair but its no wonder there are countless uninsured drivers out there.
Quote from: G@NDY;724932Talk about thread revival!!!!!!!!!!!!!!
It only took five years and 22 days to get a response - don\'t know what your problem is? :Giggle
my van insurance doubled
So I\'m moving to a much nicer area of Milton Keynes where my car will now be garaged and the premium has increased - go figure?? :xconfused :2Rolleyes
Quote from: AMH;729297So I\'m moving to a much nicer area of Milton Keynes where my car will now be garaged and the premium has increased - go figure?? :xconfused :2Rolleyes
My missus MX5 has rocketed this year, despite her turning 30!
Quite literally around an extra £200 which is a lot on a £300 last year car insurance! Struggling to find anything lower than £460 now, and that\'s using all my contacts in the industry!
My car was the same, £330 in August when I got a quote for the Volvo when I bought it, £580 now. Shopping around has pulled mine back down to £305 where it should be, but not sure what\'s gone on in the market these last couple of months since I no longer work in the background for it!!
As I work in the Insurance industry (abit the IT side), a lot of underwriters have lost a lot of money due to offering heavy discounted premiums for far too long over the last 3 years.
A few of the big insurance companies have had their fingers burned, some are getting out of insuring sports cars all together, a few small underwriters have gone to the wall, hence less choice less competition and hence premuims going up from insurers staying in the sports car market and clawing back the losses through increased remewal premiums.
The only company making money from insurance deals but dont actually offer the actual insurance policy is price comparison sites like Go Compare, they made a massive profit.
Another bit of info, Insurance companies dont actually make that much profit from the premiums, eg from one major insurance company , I wont name names , for every £100 they take in premuims they actually spend £98 servicing the policy in costs (Combined Ratio COR) which it quite good £2 profit, the actual real money (profit) made is by re investing the premuims into the financial markets.
There are numerous polices which are in fact technically loss leaders eg premuims is £100 but costs £110 to service the policy, the companies trying to get as much premuim cash as possible to reinvest. The way they get burned if one year there have been a high level of claims or the investment market goes down the pan eg the last 3 years where both situations happened lol
That\'s a really interesting insight into how the insurance world functions............thanks:Thumbs-up