MSE News: Car insurance premiums fall at record rate 23 January 2014 at 10:08AM in Insurance & life assurance 8 replies 1.8K views

Former_MSE_Helen

"Car insurance rates fell by a record 14.1% in 2013, while home insurance premiums are also falling, says the AA..."

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Car insurance premiums fall at record rate




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Aquamania

Just renewed my car insurance yesterday - due next week.

Had a renewal quote from my insurer about a week ago (about the same price as I paid last year), but thought I would do a comparison to see if I could get something cheaper.

The comparison site suggested I could save about 20%, and to my surprise it was with the same insurer.

Clicked through to check all the details and everything was fine, but noticed the quoted price on the insurer's site was even lower than that given on the comparison site! :beer:

Clicked to buy it and the site noticed I was already insured with them so I was prevented from going any further - it said call them.

I called them immediately and they said they would get a real time quote for me (whatever that is) and to my surprise, the price they then quoted had fallen even more. :beer:

Have all the documents now and it is exactly the same cover/risk as last year, even with the same underwiter.

forgotmyname

I saved over £100 on my renewal price this year.

Companies that quoted silly figures last year were all within range of my renewal price also.
Last year nobody came close to my renewal price.

Pincher

My insurance is due end of March, so I might just miss out on the benefit of the Mylicense database, this year.

Curious to know what the difference is. I could do a quote in February, then March, then April, but since the quotes are fluctuating anyway, it's hardly conclusive.

Can't see how it could make a big difference. £5 either way, I expect.

OnanTheBarbarian

So much rubbish in that article spewed by the AA.

Quentin

Care to tell us more.

(Otherwise use the rant forum to get things off your chest.

paddedjohn

Just renewed my daughters for her, she is 23 years old with a fault claim 2 years ago and has 2 years ncd, renewal price was £630 but shopped around and got her sorted for £504, a whole £200+ cheaper than last year.

anotheruser

Mine went up by £1 this year.

Pincher

anotheruser wrote: »

Mine went up by £1 this year.

So age is a factor.

If only my premium was my age. £27 a year when I was 27, instead of around £1,000 for an Alfa Romeo.