Car Insurance Help please!

RaeBow18

Hi all, I wondered if someone could shed some light on this as I just do not understand what is going on! 

I have held my licences for 8 years. I have no convictions points or anything like that and yet my insurance is coming out at over £1000! 

I haven’t held a policy in my name for just under 2 yrs so my NCD is still valid but I just don’t understand how it is so much! 

I tried putting in my licence number and it whacked it up even more! I’m just so confused as to why this is happening? I thought the longer you had a licence to lower your insurance is spossed to be. Yet my partner who’s been driving for 2 yrs less than me has a quote of around £600…
any ideas anyone? I’m at a loss of what to do? 

Thanks all and I really appreciate any help and advise you all have. 

lordmountararat

It's happening everywhere. All you can do is shop around and hope for the best.

CliveOfIndia

More details required, really.  But there are a whole host of factors that go into insurance pricing.  One of the most obvious ones (though by no means the only one!) is the type of car.  If you drive a Ferrari and your partner has a Fiesta, it's hardly surprising that you're being quoted more than they are.

But there are less obvious differences as well.  It's all based on statistics - if VW Polo's are involved in more claims than Nissan Micra's, the Polo will receive an insurance weighting, even though they're kind of comparable types of car.

But there are so many factors that are taken into account, it's nigh-on impossible to say why one quote is higher than another.

Yes, your number of years of driving experience does play a part, but that's only one factor amongst dozens of others.

And car insurance in general has seen some pretty steep increases just recently anyway.

Arunmor

Someone wrote this on twitter today:-

The high cost of repairing/replacing EV's
The shortage of qualified repair personnel.
The cost of storing damaged cars
The cost of courtesy cars
The cost of parts
The cost of energy
 Business costs
 Net Zero and the climate nonsense is not free. It is driving prices up.

I personally think those reasons are overdone, although certainly a factor but you need to add less competition (many brands you come across are in fact multiple sub brands of the major players.

Then you can check out insurance companies profits over the last couple of years, they are doing very nicely.

I have my daughters insurance coming up in May she passed her test in 2020.  First year was an absurdly low <£250 (I assume covid had something to do with that)  in the three years since even with no claims or points we were at £750 last year and I dread to think what it will be this year.

sheramber

I haven’t held a policy in my name for just under 2 yrs so my NCD is still valid but I just don’t understand how it is so much! 

Does that mean you haven't driven for just under 2 years or have you been a named driver on someone else's policy?

I tried putting in my licence number and it whacked it up even more! 

Lack of insurance number and then adding it  could be the reason as it will count as changing   the information. Insurance companies do not like that.

Grey_Critic

There are articles in the press today on the subject of incresed price of car insurance. It is suggested that EVs are one reason.

macman

Premiums have risen 40% on average in the past year: you have given no indication of what you paid 2 years ago, so there is no point of reference.
Same vehicle as 2 years ago?

DrEskimo

Grey_Critic said:

There are articles in the press today on the subject of incresed price of car insurance. It is suggested that EVs are one reason.

Around 1m cars in the UK are estimated to be EVs, out of a total of 41m cars.

Only 2% of all cars, but apparently the cause of everyone’s insurance increase. Sounds plausible….

facade

DrEskimo said:

Grey_Critic said:

There are articles in the press today on the subject of incresed price of car insurance. It is suggested that EVs are one reason.

Around 1m cars in the UK are estimated to be EVs, out of a total of 41m cars.

Only 2% of all cars, but apparently the cause of everyone’s insurance increase. Sounds plausible….

Perfectly plausible to me, any excuse to re-evaluate risk, you might park in the same multi storey car park as an EV....

There are about 2.3 million car insurance claims a year. Assuming that there is only one per car, that is 5.6% of the cars are responsible for everyone's premium! (on the other hand, everyone has to pay 1/20th of the cost of their accidents....)

According to dot gov, there are only 100,000 or so RTAs per year though......

Ectophile

facade said:

DrEskimo said:

Grey_Critic said:

There are articles in the press today on the subject of incresed price of car insurance. It is suggested that EVs are one reason.

Around 1m cars in the UK are estimated to be EVs, out of a total of 41m cars.

Only 2% of all cars, but apparently the cause of everyone’s insurance increase. Sounds plausible….

Perfectly plausible to me, any excuse to re-evaluate risk, you might park in the same multi storey car park as an EV....

There are about 2.3 million car insurance claims a year. Assuming that there is only one per car, that is 5.6% of the cars are responsible for everyone's premium! (on the other hand, everyone has to pay 1/20th of the cost of their accidents....)

According to dot gov, there are only 100,000 or so RTAs per year though......

Remember that the car that burned down the multi-storey car park at Luton Airport was a diesel.  Electric cars catch fire less often than petrol or diesel cars.

Arunmor

Ectophile said:

facade said:

DrEskimo said:

Grey_Critic said:

There are articles in the press today on the subject of incresed price of car insurance. It is suggested that EVs are one reason.

Around 1m cars in the UK are estimated to be EVs, out of a total of 41m cars.

Only 2% of all cars, but apparently the cause of everyone’s insurance increase. Sounds plausible….

Perfectly plausible to me, any excuse to re-evaluate risk, you might park in the same multi storey car park as an EV....

There are about 2.3 million car insurance claims a year. Assuming that there is only one per car, that is 5.6% of the cars are responsible for everyone's premium! (on the other hand, everyone has to pay 1/20th of the cost of their accidents....)

According to dot gov, there are only 100,000 or so RTAs per year though......

Remember that the car that burned down the multi-storey car park at Luton Airport was a diesel.  Electric cars catch fire less often than petrol or diesel cars.

Of course they will because there are a lot less of them.  Have you checked the figures for e-bikes/scooters horrific.  Same batteries,