Why it so exepnsive?

kiwi07

The last year I purchased my car insurance from LV and paid £313, the previous year it was £332 from LV again. My current car insurance is going to an end and I just done a new quote via confused.com and it came with £438!!! as the cheapest... I haven't had any accidents and just dont understand why the price went up instead of going down further???

Incyder

Everyones has gone up about 40%, last year I paid £141, this year they want £217.
Its all a con.

forgotmyname

Too many scammers, faking crashes.

Hintza

Nightmare isn't it.

prosaver

i got mine with aa cheapest in town (internet)

gilbert_and_sullivan

Symptomatic of a society that punishes it's law abiding decent citizens by forcing them to pay for the criminal element.

Whilst the electorate continue to put the same 3 legged lame horse in every time, 'twill ever be thus.

skiddlydiddly

I tried the same car on comparethemarket.com and gocompare.com and the cheapest were the RAC at £336 on meerkat and a whopping £1k+(still with the RAC)on fat opera singer.Moral of the story, shop around.

whatmichaelsays

The biggest reason behind the increase in insurance premiums is the collapse of the financial markets. Insurance, for a considerable time, was being sold very cheaply in the midst of a price war between insurers (helped by comparison sites).

Two-three years ago, insurers could live with low headline premiums and a transient customer base who would switch every year because they were making up the shortfall in other investments. When those investments stop yielding a return, insurers can't offer rock-bottom premiums any longer.

The rise of NWNF solicitors and "crash for cash" hasn't helped, but the collapse of the financial markets is by far the biggest factor.

auroan

Weird. My 56 plate 2.0TFSI Quattro Sline A4 Avant has gone down in price. Last year was just shy of £500 this years its £380

Incyder

I'm still doing searches but so far the cheapest I can find is with a company called Masterquote who want £155.

If I take it, that means I would be paying just £14 (10%) more than the £141 I paid swiftcover last year. This year swift want £217 from me.