Car insurance not coming down

ontheroad1970

diystarter7 said:

Hi


Do you live  in what is now deemed an unfavourable area, ie where there has been a spate of car crime, ? (insurance co's continuously monitor risk and adjust premiums by area/car accordingly

Thankfully, we went with Saga on their fixed-price insurance and renewed it once. - so peace of mind for three years of fixed price subject to T&C's.

Is that the dinky jag, if so that is a lot of money. (I'm only familiar with the JX and XJS and those were big cars then tey added those little jags to the list and imo degraded the marque.

Have yo considered Saga, the 3 year fix subject to T&C??



Thanks

I hope I don't detect some snobbery?  The Jags of today are better than the ones based on the Mondeo.

Goudy

MikeJXE said:

diystarter7 said:

MikeJXE said:

LOL £1745.51 that's the 3 year deal. I'm not getting shut of the car I'll starve first 

lol, thats a lotta money

I dont just look at the price, but go for a good ins outfit that has a reputation to keep but never had to test one because when things go wrong, you want them to fix it

How about buying a classic jag as the isn may be chear. Free tip, dont do what many do buy the car and then try to insure it, look up the insurance costs first, lol

Thanks

I've had the car since December 2019, bought Jaguar approved with 22000 on the clock, I have it serviced at a garage near me who does old jags up and has about 6 or more at his garage MDM Services. Not seen this one though

Series 1 XJ6 (68-73) looks like this one isn't a UK car, they didn't have the side markers, that and it still has paint on it and isn't a pile of rust.
At the time Jaguars paint shop was already decades old and they had major trouble making paint stick to early cars. (just plain trouble painting later cars as they still hadn't updated the paint shop).

You can tell it's a Series 1 as the front indicators/side lights are above the bumper, Series 2 and 3 had them under the bumper. Likely a six cylinder model, them only made a few V12's series 1's in the last few months of production.

At the time Jaguar couldn't make them fast enough and had a 2 year waiting list, trouble is it showed in the build quality. Some cars were even delivered to customers incomplete. Some of the chrome trim like the grille caught you up later!

I love these cars though, particularly the later series 2 XJC, they should have carried on with this rather than waste money on the XJS.

Perhaps not the best choice for a classic car though.
They make good money but they'll always cost far more to run and keep in top condition than they'd really ever really be worth due to the poor build quality.

Re insurance, yes age plays a massive part.
As already explained, they rate risk on lots of factors but age seems to have the biggest influence.
Young and they hammer you, start getting older and they hammer you again.

DullGreyGuy

MikeJXE said:

cymruchris said:

MikeJXE said:

Is it an age thing ?  

Thanks 

You don't mention your age - but it can be a thing.

As much as you are accident free since 1962 - the demographic average at any given age will be used to calculate premiums amongst other things.

So it may be that:

8% of 60-65 year olds have accidents each year

10% of 65-70 year olds do

16% of 75-80 year olds do

21% of 80+ do

(I've just made up those figures)

So if all the other policyholders of your age were clumped together for accident analysis - it could very well be that as a percentage the number is higher than the age you were last year. So higher risk - higher premium.

(Just as a side note - my renewal has come through last week - and I've gotten my premium down from £430 to £360 fully comp on a 2007 SLK 350 with a 3.5 litre engine with an annual mileage of 5000 miles in my 40's with a £45 excess)

I'm 82 and my driving history should tell them something, so what you are saying I should expect it to go up every year, thanks

It does, but so does your age. Try doing a dummy quote being 82 with 0 NCD and 3 fault claims and see the price difference. 

Each insurers curves will be slightly different but yes premiums start going up again somewhere around your 70s and pace of increase goes up with age. That said, I only remember our curves going up to 90 (whereas longevity curves went to 120). Fortunately the loading for 90 is still less than the loading for 18. 

womble12345

All insurers are struggling, claims costs have gone up due to parts costing more (cost of living), more potholes, bad weather causing more accidents than normal, etc. They have to pass these costs back to the policy holders or their businesses wouldnt be viable.

diystarter7

Hi
The consensus is  with age premiums go up
I posted on this sit a couple of weeks ago gettig dob/year mixed up ie same for me and Mrs Diy - when noted i told them straight away ad was charged a few extra few quid.

OP - nice pic but early xj.  The first time i got ito an xj was in 74 i think uncle bought a brand new one.
The the first air suspension one was in 2006 when a sibling bought xj daimler  sovereign it had pipped seat and tv - the ride was like on air - not sure if the wheels were extra cost or came with the car but ace - intially i thought the 2.7 deisle would not roar but it did when asked to do so - they still have it, 40k miles and usually stored/garaed and hoping to get a good price in 20 years or so - car looks new -  asis has the new xj, i dont like the back desgin but the inside of the car id first class. Like I said when jag started building the smaller cars it degraded the brand imo

Thanks

SpudGunPaul

diystarter7 said:

Hi
The consensus is  with age premiums go up
I posted on this sit a couple of weeks ago gettig dob/year mixed up ie same for me and Mrs Diy - when noted i told them straight away ad was charged a few extra few quid.

OP - nice pic but early xj.  The first time i got ito an xj was in 74 i think uncle bought a brand new one.
The the first air suspension one was in 2006 when a sibling bought xj daimler  sovereign it had pipped seat and tv - the ride was like on air - not sure if the wheels were extra cost or came with the car but ace - intially i thought the 2.7 deisle would not roar but it did when asked to do so - they still have it, 40k miles and usually stored/garaed and hoping to get a good price in 20 years or so - car looks new -  asis has the new xj, i dont like the back desgin but the inside of the car id first class. Like I said when jag started building the smaller cars it degraded the brand imo

Thanks

It's kept them going so it was a good business move. 

GunJack

That 3-year quote works out at just shy of £600 a year, so still cheaper than your renewal quote and close to last year's price...might be an idea to snatch their hand off!!

diystarter7

GunJack said:

That 3-year quote works out at just shy of £600 a year, so still cheaper than your renewal quote and close to last year's price...might be an idea to snatch their hand off!!

Hi

IMO the OP was stating it was 1746 quid a year and a "3 year deal," ie fixed price per year.

Thanks

MikeJXE

GunJack said:

That 3-year quote works out at just shy of £600 a year, so still cheaper than your renewal quote and close to last year's price...might be an idea to snatch their hand off!!

Err I wish. I had to look at the quote again after I read that, had I missed something but no thats per year.

And diystarter no I'm no snob I am a what you see is what you get kinda bloke. I always wanted a Jag but stuck with Zephyr Granada and Mondeo then decided to treat myself to one now I'm on my own. 

Where I live is a small town that is where property is higher than average, no pound shops or even home bargains it's too posh for that and I'm out of place here 

Someone referred to perhaps car theft area and I thought no not here but googled crime anyway, right enough to my surprise this town is in the top 5 high crime in Leicestershire, 

The only crime I thought it had was assaults, fighting when the pubs close, also there must be a shed load of money, Saturday 8pm I went a walk up the Main Street. There's a cost of living crises, yeah right. Every pub, restaurant, wine bar was rammed with drinkers.

Car_54

diystarter7 said:

Hi
The consensus is  with age premiums go up
I posted on this sit a couple of weeks ago gettig dob/year mixed up ie same for me and Mrs Diy - when noted i told them straight away ad was charged a few extra few quid.

OP - nice pic but early xj.  The first time i got ito an xj was in 74 i think uncle bought a brand new one.
The the first air suspension one was in 2006 when a sibling bought xj daimler  sovereign it had pipped seat and tv - the ride was like on air - not sure if the wheels were extra cost or came with the car but ace - intially i thought the 2.7 deisle would not roar but it did when asked to do so - they still have it, 40k miles and usually stored/garaed and hoping to get a good price in 20 years or so - car looks new -  asis has the new xj, i dont like the back desgin but the inside of the car id first class. Like I said when jag started building the smaller cars it degraded the brand imo

Thanks

1.  Smaller than what? The X-type is actually 4" longer than the classic Mark 2, which I'm sure you'd agree is a 'proper' Jag

2.  The quality of the 70s and 80s cars did much more to 'degrade' the brand.