Car Insurance up by over 200%

confusedmick

How can this be?

Last year's premium was £271. Add on the fees, pay by DD, take off discount and total amount payable was £314.
This year's renewal given that there's been no claims (now at 11 years), no change of address, car, family details, job, etc.
Renewal price £571. The fees are about the same give or take a few pounds but there's no discount so new total amount payable is £730.

Advice.

Quentin

Shop around.


Use the MSE guide to cheap car insurance:


http://www.moneysavingexpert.com/car-insurance/?_ga=1.256568130.830124256.1365506699

csgohan4

Loyalty doesn't pay, move your money elsewhere.

But be warned, the cheapest car insurers on your comparison websites may not be the best for your. For Example Swift and quotemehappy.com.

Make sure you look at their reviews. Ignore the Defacto rating, it is only a measure of the services they offer, not their quality or customer service rating.

Also why not do a new quote with your current insurers on their own website, might also be cheaper than renewing.

Call them up and see what they can offer you as the best price.

molerat

My insurer offered a silly renewal price so I shopped around and moved. Phoned and told them I would not be renewing and they said they may be able to offer something better - told them they should have done that on the renewal !

agrinnall

confusedmick wrote: »

How can this be?

Because if you're daft enough to pay it without looking elsewhere they make lots of lovely profit out of you, which means the shareholders (the only people that they actually care about) will be very happy.

As advised, shop around.

System

On a point of information an increase from £314 to £730 is 132%, not 200%.

Archergirl

Read the small print, years ago my hubby went with 1st Central then found out he wasn't covered to drive other cars on it............

confusedmick

Hi folks been doing some quoting.

Called present insurers and questioned the increase - basically said it was scandalous. The best answer I could get was it goes on postcode. I told them that I'd tried my previous address still in the same postcode and that had come out nearly £100 cheaper. They said they go down below the first 3 or 4 (area/district) level of postcodes to sector level (the first number of the 2nd part). I replied that if that's the case why don't they go down another level to the units and find that at my address and at that very particular postcode they'll no change of details and another year of claim free motoring. Why are they being allowed to pick and choose where they stop being precise (at postcode level) and who they sting for their losses?

Anyhow they agreed to a £90 discount and that they would not charge me a £25 cancellation fee. I'm currently insured with them until the 26th of this month. I'm annoyed with myself that it had auto-renewed as I always check and go with the cheapest price which has been my present insurers for the last 3 years but this year I've been away with work for the best part of the last 6 weeks. I can't fault my present insurers with their response and there was no hard sell or there's nothing we can do attitude.

I then went onto my Compare the Market and Confused accounts and updated the details and basically I'm looking at (before extras and DD fees) the best quote of £465 with final total of £503. I tried this at the end of October and the beginning of November (today) as someone had said they have quotas to shift and sometimes it's cheaper at the start of the month. Have tried tweaking job title from Graphic Designer to Designer and even Web Designer (which was £30 more expensive) - you name it but that's the best price I can get.

So last year (£271, total £314) has gone up to (£465, total £503). I'll let Clifford_Pro do the maths but I'm hazarding a guess that it's way more than the 18-25% rises that have been talked about in the media.