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Car Insurance Increase - ouch!

Exemplar
Exemplar Posts: 1,610 Forumite
Part of the Furniture 1,000 Posts Name Dropper
Same as a lot of people but ouch! Just had the renewal through, zero changes from last year. Same car, same address, no added penalties etc. Went through Go Compare and Compare The Market. It's gone up from £297 to £679. WOW!
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Comments

  • It's happening to everyone, for no real reason that I can see.
  • DullGreyGuy
    DullGreyGuy Posts: 18,613 Forumite
    10,000 Posts Second Anniversary Name Dropper
    It's happening to everyone, for no real reason that I can see.
    Your registered blind?
  • Apart from, yes it's increased for many people answer there's also:
    Driver age, location, inherent vehicle flaws/vulnerabilities, crime in local area.

    I've also found the closer to renewal, the quotes gradually become more expensive.
  • MikeJXE
    MikeJXE Posts: 3,864 Forumite
    1,000 Posts Third Anniversary Name Dropper
    I'm 83 and expect to pay more but not about the increase, my costs are 

     2020 £720
     2021 £770
     2022 £799
     2023 £806
     2024 £886

     Same car, 2016 Jaguar XE Portfolio auto diesel, same address, lone driver,  no points, 1 no fault September 2019 

     All different companies 

  • Slinky
    Slinky Posts: 11,127 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You could try looking at the insurance comparisons through topcashback. I've used them the past couple of years and got £40 cashback last year and £45 coming my way this year.  By shopping around I'm only paying about £20 more than last year.
    Make £2025 in 2025
    Prolific £617.02, Octopoints £5.20, TCB £398.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £26.60, Everup £24.91 Zopa CB £30
    Total (4/9/25) £1573.21/£2025 77%

    Make £2024 in 2024
    Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44
    Total £1410/£2024 70%

    Make £2023 in 2023 Total: £2606.33/£2023  128.8%




  • Stubod
    Stubod Posts: 2,611 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Whilst all premiums have gone up, that seems a bit steep to me, (ie more than doubled??). Definately worth comparing the market....other websites are available...
    .."It's everybody's fault but mine...."
  • Ganga
    Ganga Posts: 4,253 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I wonder ( but hope not ) if they will go up as much next year ,will make motoring very expensive if they do.
  • DullGreyGuy
    DullGreyGuy Posts: 18,613 Forumite
    10,000 Posts Second Anniversary Name Dropper
    Ganga said:
    I wonder ( but hope not ) if they will go up as much next year ,will make motoring very expensive if they do.
    We are a long way out from 2025... current predictions vary from flat to small increases. No one predicting increase percentages like over the last two years. 
  • Nobbie1967
    Nobbie1967 Posts: 1,671 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Just got the renewal through for my 107, £212 last year, £214 this, so actually gone down in real terms. 9 years NCD. Be interesting to see what the comparison sites find. My old Boxster is also due soon, so will be interesting to see the change on that.
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