car insurance gone up nearly £200 on same car and no changes to policy

smoggieboy4

bmw 320d 2017 
im 37, no points and 17 years no claims. Previously paid ~£33 per month totalling £400 for the year, the cheapest i can find is £570. how can this be justified, nothing has changed!!

onlyfoolsandparking

So look for a better deal on one of the comparison sites as many people do, I've never known a renewal price be cheaper in all the years I've been driving/riding, the insurance companies show no loyalty and so neither do I.

smoggieboy4

onlyfoolsandparking said:

So look for a better deal on one of the comparison sites as many people do, I've never known a renewal price be cheaper in all the years I've been driving/riding, the insurance companies show no loyalty and so neither do I.

thats the comparison price not the renewal

onlyfoolsandparking

Yep I have seen that too but don't give up, there's more than one comparison site AND you can also try going direct to one of the big boys, Aviva, Direct line then as a further option try a broker, I had to jump through hoops trying to insure a 'brand new' BMW bike prices were scary!! BUT i eventually got a deal paying £500 less than the meerkats quoted me.

I'm convinced insurance companies give out cheap quotes to 'new customers' and then hope we're stupid enough to accept their renewal quote!  

macman

Has your postcode become higher risk for some reason? Remember, the big risk for insurers is not total loss of your vehicle, or other's, but serious injury to yourself or a 3rd party.
My renewal quote last week was 31% up: I got that down to -10% on a comp site.

facade

There seems to be a consensus that insurance prices are going up, because of Covid-19. (It used to be because of Brexit )

EdGasketTheSecond

It's called inflation. The price we pay for reckless 'money printing' of billions by the gov't.

dacouch

facade said:

There seems to be a consensus that insurance prices are going up, because of Covid-19. (It used to be because of Brexit )

Insurance prices always go up during recessions

Grumpy_chap

It's a BMW.  They get stolen daily where I live.  That could be a factor.

daveyjp

My renewal price a month ago was less than I paid last year.

A significant increase suggests a risk has increased and vehicle type is the obvious one if no other  changes.

onlyfoolsandparking

Grumpy_chap said:

It's a BMW.  They get stolen daily where I live.  That could be a factor.

Could be worse, he could have a Ford Fiesta, the most stolen car in UK!!