Insurance is a JOKE

[BandyAndy]

Bobby, I'm going to do you a big favour here ........

Get that SLK on a trailer and get it shipped down here to south Wales
It's one off your insurance bill

Go on, you know it makes sense

 

[HappytalkAgain]

Bobby, I'm going to do you a big favour here ........

Get that SLK on a trailer and get it shipped down here to south Wales
It's one off your insurance bill

Go on, you know it makes sense

If it helps I can take the red roofed one off his hands (so long as Bobby pays for a tow bar to be fitted).

 

[Bobby Dazzler]

Bobby, I'm going to do you a big favour here ........

Get that SLK on a trailer and get it shipped down here to south Wales
It's one off your insurance bill

Go on, you know it makes sense

Despite never meeting you, your kind and selfless offer makes me realise that I can now count on you as part of a very small number of close friends

Believe it or not that’a now one of the least expensive cars to insure, despite not transferring any no claims bonus on to it! It was a cracking deal, that one.

 

[Bobby Dazzler]

If it helps I can take the red roofed one off his hands (so long as Bobby pays for a tow bar to be fitted).

Ant, you can use that one anytime. But you need to leave your van in my safe keeping

 

[HappytalkAgain]

Ant, you can use that one anytime. But you need to leave your van in my safe keeping

If that’s the case: I’m owt!

I’d never see my beloved Makita Radio ever again.

 

[Bobby Dazzler]

I have four cars on one multi-car policy with a mainstream insurer, which is due for renewal later this month. The renewal came through a few days ago and I was horrified to see that the 2023 renewal had increased by 82% relative to the 2022 premium.

I called them today, and they have reduced the 2023 renewal so that it’s now 48.7% more than the 2022 premium. That was the best they could do, unless I add more cars to the policy, however being a mainstream insurer anything rare isn’t their bag.

I was interested to see that the two least expensive cars had both gone up by 37.4% and they gave me 9.7% discount on the renewal price of both. The two most expensive cars both had gone up by 54.1% and they gave me 21.5% discount on the renewal price of both.

So I phoned the broker who did what I thought was a cracking deal on the Kleemann SLK 55K S8 and their quote was more than 3.5x (263%) more expensive than the negotiated premium from my current insurer.

The biggest difference was on the most expensive car to insure of this group of four, it was 5.5x more expensive than the negotiated price with my current insurer, and a staggering 8.5x more expensive than the 2022 premium. You read that right.

So if I stay with my current insurer my insurance cost for those four cars will increase by almost 50% but it’s a relative bargain compared to the broker. I can only assume their rebranding and non-stop adverts on the radio have cost a lot!

I may get another quote, but all things considered I think the revised 2023 premium from my current insurer is still fair value given the type of cars they are. I knew that the deal this time last year was outstanding so not a surprise.

I tried another broker who specialises in the type of cars on the policy (well three of the four) and their quote was more than 2.4x more expensive than the negotiated renewal from my current insurer.

The policy sounded great, guaranteed values, free choice of repairer, unlimited European use, and drive any car owned and insured by someone else fully comp on same terms as my own cars.

When I said it was more than a bit toppy, he immediately suggested that the broker might reduce the premium by 10%, and reminded me that I’d get a 5% rebate, even then it would still be more than 2x.

I might try a multi car quote with another mainstream insurer, but it looks like I’ll be renewing with current insurer at this rate.

 

[ToeKnee]

I tried another broker who specialises in the type of cars on the policy (well three of the four) and their quote was more than 2.4x more expensive than the negotiated renewal from my current insurer.

The policy sounded great, guaranteed values, free choice of repairer, unlimited European use, and drive any car owned and insured by someone else fully comp on same terms as my own cars.

When I said it was more than a bit toppy, he immediately suggested that the broker might reduce the premium by 10%, and reminded me that I’d get a 5% rebate, even then it would still be more than 2x.

I might try a multi car quote with another mainstream insurer, but it looks like I’ll be renewing with current insurer at this rate.

Who are you with Rob, not sure if you've mentioned it previously? I'm in a multi policy with LV who are happy with my modified Mercedes.

 

[Bobby Dazzler]

Who are you with Rob, not sure if you've mentioned it previously? I'm in a multi policy with LV who are happy with my modified Mercedes.

This group of four cars are currently with Admiral on a multi car policy.

 

[Trickythemerc]

My Mate has just had the renewal notice for his traders policy. £800.00 increase, there have been no claims or changes to named drivers Etc.

 

[Fastcar155]

My Mate has just had the renewal notice for his traders policy. £800.00 increase, there have been no claims or changes to named drivers Etc.

Hi , no suprise really in these turbulent days.

 

[Bobby Dazzler]

I have four cars on one multi-car policy with a mainstream insurer, which is due for renewal later this month. The renewal came through a few days ago and I was horrified to see that the 2023 renewal had increased by 82% relative to the 2022 premium.

I called them today, and they have reduced the 2023 renewal so that it’s now 48.7% more than the 2022 premium. That was the best they could do, unless I add more cars to the policy, however being a mainstream insurer anything rare isn’t their bag.

I was interested to see that the two least expensive cars had both gone up by 37.4% and they gave me 9.7% discount on the renewal price of both. The two most expensive cars both had gone up by 54.1% and they gave me 21.5% discount on the renewal price of both.

So I phoned the broker who did what I thought was a cracking deal on the Kleemann SLK 55K S8 and their quote was more than 3.5x (263%) more expensive than the negotiated premium from my current insurer.

The biggest difference was on the most expensive car to insure of this group of four, it was 5.5x more expensive than the negotiated price with my current insurer, and a staggering 8.5x more expensive than the 2022 premium. You read that right.

So if I stay with my current insurer my insurance cost for those four cars will increase by almost 50% but it’s a relative bargain compared to the broker. I can only assume their rebranding and non-stop adverts on the radio have cost a lot!

I may get another quote, but all things considered I think the revised 2023 premium from my current insurer is still fair value given the type of cars they are. I knew that the deal this time last year was outstanding so not a surprise.

The two specialist brokers I tried got nowhere near the revised renewal from my existing insurer - see the post above for the details - so I tried one more time this evening, the eve of my renewal.

I actually called to increase one of the mileage allowances on my winter car because I’ve taken a fancy driving it much more often than I have in the last few years, and the time to do that is before renewal.

The mileage change added £25 to the renewal, which was about 10% of the premium, which was fair. The savings made by limiting the mileage are relatively small in my experience, and not really worthwhile.

I asked one more time if there was anything they could do to offer me a further discount having four cars with them for seven years, he was on the phone trying for 40 minutes but couldn’t improve on the quote.

Whilst the revised renewal is very close to being 50% more than last year it seems reasonable compared to the best efforts of specialist brokers and so I’m happy to stay with them for another year.

Hopefully things settle down again soon!

 

[f17ant]

I phoned my insurance today to get a quote for 2017 M4.
Bear in mind I am 46 years old with 14 years NCB, Clean License never ever got insurance refused, Never ever had any points.
I live in IG11 Post Code..

Quote I got from Chris Knott Insurance £3200
I've been with Chriss Knott for nearly 6-7 years as they been very competitive so far.
Comparison sites are coming around £3500 or around.
I had performance cars most of the times. I really don't understand how this works.

Any tips, at this Rate i won't be able to get C43 AMG or M3 at all.

Mine came £1300 last year and this year cheapest I can find was for £1800 with a company called “boom” (that’s for a fully loaded insurance legal cover ect ect)

 

[ALFAitalia]

£1800?....ouch....if you don't mind me asking, how old are you.....I realise that most of the premium will be because you live in the PRL (Peoples Republic of London!).....but even so.

 

[f17ant]

£1800?....ouch....if you don't mind me asking, how old are you.....I realise that most of the premium will be because you live in the PRL (Peoples Republic of London!).....but even so.

35 but when my policy starts I’ll be 36.
17 years no claim
Did have a theft in 2019 but at my old address. No multicar policy wants to even know (other car is a 1.0 Polo)

 

[ALFAitalia]

So that's 4 years NCB then!!!....unless you did not claim for the theft???

 

[f17ant]

So that's 4 years NCB then!!!....unless you did not claim for the theft???

Did claim but has them protected, but even insurance companies that only go back 3 years don’t want to know with the c63

 

[ALFAitalia]

Protected NCB counts for next to nothing when you move to different company........its nothing more than a way of trying to get you to stay with them at the next renewal after a claim.

 

[f17ant]

Protected NCB counts for next to nothing when you move to different company........its nothing more than a way of trying to get you to stay with them at the next renewal after a claim.

Iv never stayed with the same company even before the theft iv always found cheaper but this year London is just a joke

 

[DavE400]

After getting excessive quotes from various price comparison sites over the last week with price ranges £1200 (Aviva premium) to over £3000 (Tesco gold) my renewal notice and a bit of negotiation on customer loyalty with Admiral came up with a price of £920 for the car. It's up about 25% based on December 2022 but in current circumstances seems like a result of sorts!

 

[renault12ts]

Last year £398, got a renewal quote of £786. Eventually, through a comparison site, I settled on Admiral at £347.
Bit of a result!