We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Car insurance

Options
I got quotes of £1200 before car insurance for women had risen by 25%, now my cheapest is £2000. Can they increase by more than 25% as they have advised me that each broker has no limit on the increase?
Any help welcome

Comments

  • dunstonh
    dunstonh Posts: 119,650 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Can they increase by more than 25% as they have advised me that each broker has no limit on the increase?

    A retailer can retail their product as they see fit.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • forgotmyname
    forgotmyname Posts: 32,922 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    They can charge you as much as they want. If your not happy with the price go elsewhere.

    Im getting quotes of £800+. Full no claims. No accidents, No points or convictions. I consider myself to be extremely low risk.

    Yet the comparison sites still want that much? My renewal is nearly half that though.
    Censorship Reigns Supreme in Troll City...

  • The "25%" figure was a rough average given to journalists. How much the change affects you as an individual depends on a lot of other factors (your age, your car, your postcode, you name it) and with 60,000,000 people in the country the average may not apply to you.

    If you are a young woman driving a powerful car then you are now lumped in with boy racers who have always paid through the nose for their insurance. If you are a middle aged woman driving a boring car then you shouldn't see much change.
  • I did a quote, price was the same as last year £330, fully comp, £150 excess, 6 years no claims. Im 29 and female.

    Try everywhere.
    Debt free since July 2013! Woo hoo! The bank actually laughed when I said I have come in to cancel my overdraft.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.