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  • FIRST POST
    • hubb
    • By hubb 7th Jul 17, 11:13 AM
    • 1,810Posts
    • 358Thanks
    hubb
    Car insurance renewal with LV= too high
    • #1
    • 7th Jul 17, 11:13 AM
    Car insurance renewal with LV= too high 7th Jul 17 at 11:13 AM
    I am surprised as nothing has changed for my wife and I but their renewal quote for car insurance is over £40 higher than last year's premium. I phoned to negotiate but they only dropped it £8 with some excuse about their insurance fees going up in 2016. They would not budge any further.

    I did a search on Gocompare and several came up around £40 lower (I did quote them to LV=) like Admiral coming out top for the same cover. The only thing is when I go to Trustpilot all these companies are given terrible reviews, including LV= who I always though had a very good reputation hence why I wanted to stay with them.

    Are there any good deals out there with cashback or similar vouchers etc with reputable companies that anyone had discovered please ?
Page 1
    • Quentin
    • By Quentin 7th Jul 17, 11:29 AM
    • 33,227 Posts
    • 17,175 Thanks
    Quentin
    • #2
    • 7th Jul 17, 11:29 AM
    • #2
    • 7th Jul 17, 11:29 AM
    See the mse guide to cheap car insurance

    Link amongst quick links at the top of the forum
    • hubb
    • By hubb 8th Jul 17, 10:27 AM
    • 1,810 Posts
    • 358 Thanks
    hubb
    • #3
    • 8th Jul 17, 10:27 AM
    • #3
    • 8th Jul 17, 10:27 AM
    I was hoping for someone to perhaps save me the trouble of ploughing through a load of literature and comparison sites with an up to date latest deal.
    • FreddieFrugal
    • By FreddieFrugal 8th Jul 17, 10:45 AM
    • 1,515 Posts
    • 1,597 Thanks
    FreddieFrugal
    • #4
    • 8th Jul 17, 10:45 AM
    • #4
    • 8th Jul 17, 10:45 AM
    The price will completely depend on your own circumstances. Look on Quidco or similar for cashback - I know admiral, Hastings direct and aviva are offering at the moment.

    Prices have gone up generally - all the quotes I got for myself and OH from comparison sites + admiral multi car were HIGHER than last year. Despite OH now having 5 years no claims, I'm on 7 (but not sure that makes a difference over 5)

    Our renewal with Aviva was the cheapest price, £20 cheaper than last year.

    However I then checked Direct Line and they were actually cheaper still - think we ended up getting about £40 off last years price.


    But those two companies were the only ones that were offering lower than last year.


    I'm pretty sure most insurance companies will have awful reviews - just make sure the policy has everything you need, and preferably that the company has a proper call centre - some cheaper ones work online only and I've had issues with that in the past. You need to have the option of talking to someone properly if you have an issue that a computer can't comprehend.
    Last edited by FreddieFrugal; 08-07-2017 at 10:49 AM.
    Mortgage remaining: £43,140 of £77,000 (2.59% til 04/18)

    Savings target July 17 - £17,960 / £28,000
    • Magicjack
    • By Magicjack 9th Jul 17, 4:21 PM
    • 6 Posts
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    Magicjack
    • #5
    • 9th Jul 17, 4:21 PM
    • #5
    • 9th Jul 17, 4:21 PM
    My home insurance renewal had gone up as you would expect. I always phone around and no company could quote me lower. I then phoned my current company and asked what they could do with the price and they reduced it by around £10. (Cannot remember the exact figure). Its always worth a phone call to the original you never know what can be done. The same applies to cars.
    • takman
    • By takman 9th Jul 17, 4:46 PM
    • 2,813 Posts
    • 2,354 Thanks
    takman
    • #6
    • 9th Jul 17, 4:46 PM
    • #6
    • 9th Jul 17, 4:46 PM
    My home insurance renewal had gone up as you would expect. I always phone around and no company could quote me lower. I then phoned my current company and asked what they could do with the price and they reduced it by around £10. (Cannot remember the exact figure). Its always worth a phone call to the original you never know what can be done. The same applies to cars.
    Originally posted by Magicjack
    Yes it is always worth phoning them up to discuss the best price they can offer.

    But your much better off using comparison sites to find the cheapest price. Phoning up insurance companies for quotes is very time consuming compared to 10 minutes on a comparison site to get quotes from potentially hundreds of companies.
    • discat11
    • By discat11 9th Jul 17, 7:46 PM
    • 273 Posts
    • 313 Thanks
    discat11
    • #7
    • 9th Jul 17, 7:46 PM
    • #7
    • 9th Jul 17, 7:46 PM
    I had the same with hastings this year. A near 35% hike with no change in circumstances.
    They said that insurance fees had risen in line with inflation & 'other costs' to which I pointed out they'd also had a similar size reduction from the changes in legislation over injuries claims, so I didn't accept that 35% was 'reasonable'.

    I'd had a quote (from LV ironically) which came out around 20% lower, but hastings saw sense and not only matched it but beat it coming in around 5% more than last year which I thought was ok.

    I do get fed up with playing 'merry go round' seemingly year in year out with insurance though.
    • mattk_180
    • By mattk_180 10th Jul 17, 11:45 AM
    • 343 Posts
    • 260 Thanks
    mattk_180
    • #8
    • 10th Jul 17, 11:45 AM
    • #8
    • 10th Jul 17, 11:45 AM
    I had the same with hastings this year. A near 35% hike with no change in circumstances.
    They said that insurance fees had risen in line with inflation & 'other costs' to which I pointed out they'd also had a similar size reduction from the changes in legislation over injuries claims, so I didn't accept that 35% was 'reasonable'.

    I'd had a quote (from LV ironically) which came out around 20% lower, but hastings saw sense and not only matched it but beat it coming in around 5% more than last year which I thought was ok.

    I do get fed up with playing 'merry go round' seemingly year in year out with insurance though.
    Originally posted by discat11

    Google the 2017 Ogden Ruling regarding pay out on personal injury claims. Estimated to cost the insurance industry around £5.8billion. I think everyone can expect further increases in their car insurance premiums.
    • hubb
    • By hubb 10th Jul 17, 12:03 PM
    • 1,810 Posts
    • 358 Thanks
    hubb
    • #9
    • 10th Jul 17, 12:03 PM
    • #9
    • 10th Jul 17, 12:03 PM
    Interestingly I went to LV via Top Cashback and got a cheaper quote + £20 cashback now confirmed. I went for it.
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