Silly insurance prices

I'm fairly sure this is an industry conspiracy and all car insurance as risen by unfair levels when you consider how much wages have changed.

Last year my insurance went up 25%..... To about £400. This years renewal quote has practically doubled again to just shy of £800. With no changes what so ever other than an extra years NCB.

To my dismay, I did a Compare the Market check and found my renewal quote was actually cheaper than anything else offered.

Anyone else facing similar or anyone renewed in the past month or so and paid something sensible? I'm with LV currently.

Legalised theft, sorry but it's nothing short of it, the whole system is corrupt, overpriced repairs, overpriced parts, car hire scams, any one who things that they are there for their customers they are not, they are there for the shareholders.

I thought mine was expensive at £170, more than our Rav4 or or Shogun.

Motor insurance is not a very profitable business.  In some years, claims exceed premiums.

Don't blame the companies.  Blame

1. Idiotic drivers
2. Uninsured drivers
3. Escalating repair costs*
4. Legislation that reduces the odds of getting a better price**
5. Theft of parts to order - a huge problem now

*ok, insurance companies make this worse by insisting on new OEM parts

**e.g. no cheaper prices for new business, and women being charged the same as men

My renewal was 25% more last October it was the cheapest I could get and that was from my exist insurer.

To get a better deal you have to start comparing at least a month to 6 weeks before.

Robin

Sadly l am hearing this everywhere. You want to try owning a Land Rover. My insurance on the Defender went up this year from £300 to £700 and apparently l am one of the lucky ones.

Some have seen their premiums rise by up to 900%

Yes that's around ten times their previous years price. One of my customers got a renewal quote of £3,000 on her Defender. Previous to that it was £400.

She sold the vehicle. Our Jimny premium hasn't gone up much, around £80.

lt seems to depend on where you live.

I'm lucky in that we put a lot of business through our broker with the farm so to an extent that makes them look very hard for affordable cover as they won't just loose 1 car premium if we choose to go elsewhere as we would take all of the policies to a new provider. Not that they are actually value for money but they are better than doing everything individually.