Car Insurance companies really screwing me around..

thevoyager

I will try to keep this short. 

10 years license... Aged 42... 8 years no claims bonus. 

I had a car, sold it, bought a van, sold it, and bought a car back. 

I bought the same car, except my old one was a coupe, and i bought the same car but estate version. Market value not too far off. This was in the space of 3 weeks.. the van was not very good. 

I won't disclose my exact premiums but let's say I was paying £400 a year for the car... Had it for 3 years... I was happy with that... Now most of the quotes coming back are coming in at between £1100 and as far as £3000! 

What's going on?! How can they do this? Nothing has changed....

I am fuming. 

DullGreyGuy

You have a brand new to you car, you had 3 years experience in the last one. 

Also when are you quoting for the policy to start? If it's within the next few days there is often a spike in premiums for those who've left it late. Historically the sweet spot was in 3-4 weeks time

thevoyager

Typical.. I don't have 3 to 4 weeks to spare. 

I am aged 42, there are 18 years olds who are getting cheaper quotes than this! 

So driving around in the exact same car for 3 years has no relevance, of course it does not, because that means it should be cheaper and insurance companies want every penny out of your pocket! 

DullGreyGuy

thevoyager said:

So driving around in the exact same car for 3 years has no relevance, of course it does not, because that means it should be cheaper and insurance companies want every penny out of your pocket! 

No insurer asks what other cars you've owned in the past, you can predict the arguments on if an X is or isnt sufficiently similar to a Y to give a lower price though. Plus most people struggle to get when they bought their current car right let alone having to go back over every vehicle they've had in the last 5-10 years 

thevoyager

DullGreyGuy said:

thevoyager said:

So driving around in the exact same car for 3 years has no relevance, of course it does not, because that means it should be cheaper and insurance companies want every penny out of your pocket! 

No insurer asks what other cars you've owned in the past, you can predict the arguments on if an X is or isnt sufficiently similar to a Y to give a lower price though. Plus most people struggle to get when they bought their current car right let alone having to go back over every vehicle they've had in the last 5-10 years 

I was paying Mid 500s for 3 years... swapped out the car for practially te same car and now it's all gone up to £1000+... Most quotes £1200+.... Makes no sense other than greed and profit..

Who is regulating these scumbags?!

Northern_Wanderer

Why didn't you just switch insurance you had to the new car? 

Why didn't you get quotes based on the car you wanted to buy before agreeing to buy it? This can help with purchasing decisions as you know in advance what the insurance will cost. 

Baldytyke88

thevoyager said:

I was paying Mid 500s for 3 years... swapped out the car for practially te same car and now it's all gone up to £1000+... Most quotes £1200+.... Makes no sense other than greed and profit..

Who is regulating these scumbags?!

The regulators would not set the price, there are loads of threads like this, people just need to shop around more.

GixerKate

so how did you go about sorting the insurance, did you cancel each time and start a new premium?  that is probably counting against you unfortunately.  Plus changing vehicles so frequently may also be a factor.

I'm pretty sure you can't move a premium between cars and vans (car to car is ok, van to van is ok but but not car to van and vice versa) so I'm thinking this might be a painful learning experience :-(

Baldytyke88

Did you insure the van and then cancel after a short time, maybe that affects your price.

https://www.moneysupermarket.com/car-insurance/providers/

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https://www.saga.co.uk/insurance/campaign/car-insurance?scid=ppc-g|ser|motor|display|google|pmax|generic|SagaPlus&gclsrc=aw.ds&gad_source=1&gad_campaignid=21250429112&gclid=CjwKCAjw7MLDBhAuEiwAIeXGIdGYtAgWEcqlH1hb41yb9cA0OWbVCYhr3yFZW7IOJNhi_jd0oiDgUhoCZcEQAvD_BwE

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https://www.directline.com/car-cover?cmpid=43700077424817887/bpcar/ppc/GOOGLE/car+insurance+direct+line/kwd-123237645/9046325/c&gclsrc=aw.ds&gad_source=1&gad_campaignid=81931348&gclid=CjwKCAjw7MLDBhAuEiwAIeXGIfqBZ_osMCxRvttf9A0zOSuemoHIlxVF-G1QPGRgNFpfq2oIuA1soxoCXYIQAvD_BwE

DullGreyGuy

thevoyager said:

DullGreyGuy said:

thevoyager said:

So driving around in the exact same car for 3 years has no relevance, of course it does not, because that means it should be cheaper and insurance companies want every penny out of your pocket! 

No insurer asks what other cars you've owned in the past, you can predict the arguments on if an X is or isnt sufficiently similar to a Y to give a lower price though. Plus most people struggle to get when they bought their current car right let alone having to go back over every vehicle they've had in the last 5-10 years 

I was paying Mid 500s for 3 years... swapped out the car for practially te same car and now it's all gone up to £1000+... Most quotes £1200+.... Makes no sense other than greed and profit..

Who is regulating these scumbags?!

The FCA, plus the PRA if you are buying from the actual insurer but not if you are buying from an intermediary (who may have the authority to set pricing). One of the heaviestly regulated industries outside of nuclear power

ButterCheese

Northern_Wanderer said:

Why didn't you just switch insurance you had to the new car? 

 

There is no such thing as "switching" policies or "changing the vehicle on the policy".  All that happens is they cancel the policy on the old one and re-calculate for the new one, starting a new policy.  The premium would still go up.

You can't buy a 1L Rover and start your policy, then ask to switch it to your new Bugatti Veyron and expect to pay the same sort of price