Car insurance help!

gingerninja92

The last two years I have gone to do a renewal quote in January for my policy that expires in February, to find that my insurance has flown up through the roof (£300 or so more as a minimum).

This means I have had to accept a renewal quote by my current company (haggled a bit) but I’m still paying £60 more than I was three years ago.

I thought it might be because my husband is named on my credit card and usually has a large work expense early January which he puts on that card, but he has paid on his own card this year and it’s still done the same thing!

I even did a quote back in November which is again £300 less than what I am being quoted now.

Nothing has changed except the time of year, I have an Experian credit score of 999, three years no claims and no points on my licence.

It has the same effect on multiple comparison sites.

Does anyone have any insight?

Thanks!

gingerninja92

Just to add, my initial quote when I took out the policy was just under £300, so this doubles the policy price!

foxy-stoat

gingerninja92 wrote: »

I thought it might be because my husband is named on my credit card and usually has a large work expense early January which he puts on that card, but he has paid on his own card this year and it’s still done the same thing! a credit score of 999

The credit score isn't seen by anyone other that you, and having your husband buy something wont have a effect on the risk for car insurance.

Something else must be causing the premium to go up. Mine normally goes up by £40-£50 a year no matter what happens.

comeandgo

Wish my insurance had only gone up £60 in past three years. It could be there has been a lot of car thefts in your area or your car is now more attractive to thieves.
My daughter added me to her insurance as I now drive her children to events using her car and her insurance went down.

born_again

gingerninja92 wrote: »

The last two years I have gone to do a renewal quote in January for my policy that expires in February, to find that my insurance has flown up through the roof (£300 or so more as a minimum).

This means I have had to accept a renewal quote by my current company (haggled a bit) but I’m still paying £60 more than I was three years ago.

Thanks!

Do you not use any of the comparison sites?
Then check the ones that are not on them?

Scrapit

Credit rating has absolutely zero affect on your insurance premium.

unholyangel

Tbh it could be 1 thing or it could be dozens.

It may be too close to renewal (I believe they bump the price in these circumstances), people with similar cars could have had more accidents, people with similar characteristics could have had more accidents, there could have been a wave of vandalism or thefts in your area etc.

Your premium isn't actually based on your personal circumstances. Its based on shared data markers and the risk associated with those markers.

onomatopoeia99

foxy-stoat wrote: »

Something else must be causing the premium to go up. Mine normally goes up by £40-£50 a year no matter what happens.

Mine has been level at around £200 for over a decade. Same car all that time, which is coming up to its 20th birthday.

gingerninja92

Thanks all, have rang and spoken to the company using a comparison site quotation from December and they've dropped the price to £313. I just don't understand how all the comparison sites (and I've checked them all!) Are showing £500+ for the same policy!

Aylesbury_Duck

gingerninja92 wrote: »

Thanks all, have rang and spoken to the company using a comparison site quotation from December and they've dropped the price to £313. I just don't understand how all the comparison sites (and I've checked them all!) Are showing £500+ for the same policy!

Inertia. People will pay more if they don't put the effort in. You were prepared to shop around and make calls. The majority don't. Be grateful to them, they're subsidising us.

born_again

gingerninja92 wrote: »

I just don't understand how all the comparison sites (and I've checked them all!) Are showing £500+ for the same policy!

Data changes over time. More thefts or accidents in your area? Your details have changed.

Thats why policy quotes are only valid for so long.