'Comedic' renewal pricing - Churchill

[23 Romeo Tango]

It’s not doom and gloom for everyone (not just yet anyway). Didn’t even waste my time looking for a better deal.

 

[Fastcar155]

Hi ,

Well it's a supply and demand sale.

At present we are snapping up highly increased premiums but what would the insurance companies do if we all said no thank you !

Do today's premiums pay for yesterday's claim.

I would not be surprised that many house holds will give up the car to be able to put food on the table.

 

[Dryce]

Well it's a supply and demand sale.

I have stated before that I believe the motor insurance sector happily puts out stories about premiums going up on an ongoing basis.

It sets the renewal pricing expectations for customers. Motor insurance is a bit different from other forms of financial product sold to consumers as it is mandatory.

 

[SpikyMikey]

I have stated before that I believe the motor insurance sector happily puts out stories about premiums going up on an ongoing basis.

It sets the renewal pricing expectations for customers. Motor insurance is a bit different from other forms of financial product sold to consumers as it is mandatory.

Mrs S had her renewal come through a couple of days ago from the provider she has used for the last 5 years, complete with a rather condescending explanation as to why it had gone up 30%. Basically "take it or leave it".
Half an hour on MoneySupermarket yielded 58 alternative quotes which offered the same or better cover at a saving of at least £50 or in many instances much, much more.
Whilst I understand the obvious reasons that premiums have gone up, I also have a feeling that the insurance industry is still in a huff over being told to stop offering new clients a better deal.

 

[flying haggis]

The cynical in me says the insurers will now be looking at the aftermath of the Luton airport fire and thinking * thank God we didn't have the range rover driver as a customer!"
Wonder what the final bill will be?

Ps why, when all the people who get caught without insurance get fined is the fine less than the cost of insurance? No insurance should be a stonking great fine to encourage people to have insurance. (at least plod seizes the cars these days)

 

[Fastcar155]

Hi , in the United States car payment defaults are causing major issues so how many cars are actually insured ?

How long will it be before the UK mirrors the American problem.

 

[MikeInWimbledon]

Hi , in the United States car payment defaults are causing major issues so how many cars are actually insured ?
How long will it be before the UK mirrors the American problem.

We've had one million uninsured cars on UK roads for more than a decade. What's your point?

https://www.mib.org.uk/media-centre...seize-the-uk-s-2-millionth-uninsured-vehicle/

From 2016: https://www.mib.org.uk/media-centre...one-million-uninsured-drivers-still-too-many/

 

[MikeInWimbledon]

Hi ,

Well it's a supply and demand sale.
At present we are snapping up highly increased premiums but what would the insurance companies do if we all said no thank you !
Do today's premiums pay for yesterday's claim.
I would not be surprised that many house holds will give up the car to be able to put food on the table.

There are many reasons for households to give up their 2nd or even first car, while the young are learning to drive many years later than they used to.

The average age of people starting to drive has now reached an unbelievable 26. That's a full six years later than it was back in 2010
Average age to start driving increases to 26

"Times is 'ard" but somehow the Airports have still had a record summer. Are people "not putting food onto the table" in order to go to Spain?
Heathrow increases passenger forecasts after busy summer

One in four 11 year olds is obese. One in Four ! There are many reasons why people should be avoiding "putting food on the table" in 2023
Significant increase in obesity rates among primary-aged children, latest statistics show - NHS Digital

 

[flying haggis]

And how many of these people who say they cant afford to put food on the table have £++ phone contracts/sky/netflix/order takeaways/get tattoos/smoke etc

 

[Spider10]

Here's Aviva quote for me
No wonder people dont get insurance
Im 51 and never had a crash or points

 

[HappytalkAgain]

Here's Aviva quote for me
No wonder people dont get insurance
Im 51 and never had a crash or points

Yikes!!!

 

[Bobby Dazzler]

Here's Aviva quote for me
No wonder people dont get insurance
Im 51 and never had a crash or points

Oh. My. Goodness. How many year NCB?

 

[Spider10]

15 yrs NCB not bad to say I insured the pair for £530 + the SLK55 AMG with 0 NCB for £300 all with SAGA

 

[PolishGeorge85]

I can't remember exactly what year this was, but it was worst winter since 2006. In March I got renewal quote...It could be Churchill as well. I paid about £400 for A3 56'reg previously. New quote however said....£980. No claims, no convictions.... I laughed when lady on the phone said to me why it was so high (more than twice)....her words " I do apologise, however this winter was hard for us. We had to pay so many claims. And that is why your insurance has gone up."........Me: please could you transfer me to the cancellation department, end of story.

 

[Bobby Dazzler]

15 yrs NCB not bad to say I insured the pair for £530 + the SLK55 AMG with 0 NCB for £300 all with SAGA

Much better! Was the SLK with mirrored NCB or zero NCB?

 

[Spider10]

The SLK was with 0 NCB

 

[Bobby Dazzler]

The SLK was with 0 NCB

That’s brilliant.

 

[UrbanM]

Here's Aviva quote for me
No wonder people dont get insurance
Im 51 and never had a crash or points

Whaaaaat?

 

[ALFAitalia]

Here's Aviva quote for me
No wonder people dont get insurance
Im 51 and never had a crash or points

Just their, none to subtle, way of saying they don't want to insure your easily stolen RR anymore. Several companies no longer quote for RR inside the M25....or do silly numbers like your quote.

Insurers refusing to cover London-based Range Rovers | Autocar

Luxury SUV is UK's second most stolen car with premiums sky high; manufacturer no longer offers insurance

www.autocar.co.uk

 

[Spider10]

I wouldn't mind but im nowhere near the M25