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Dropping Insurance Prices.
- buzyg
- Legend
- Posts: 26544
- Joined: Fri May 20, 2011 6:11 pm
- Location: Cornwall
Dropping Insurance Prices.
A pleasant surprise on the ///MR's insurance renewal this year. Dropped down from £216 last year to £130 this.
Our other cars have also dropped the MX5 even further than the MR, from £217 down to £109.
Not sure of the reason. Though I have turned 60 years young since the last renewal. Happy days. Now I just need to save my pension for a few months and I will be able to afford a tank of petrol.
Our other cars have also dropped the MX5 even further than the MR, from £217 down to £109.
Not sure of the reason. Though I have turned 60 years young since the last renewal. Happy days. Now I just need to save my pension for a few months and I will be able to afford a tank of petrol.
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Online
- Lifer
- Posts: 8513
- Joined: Wed Jan 20, 2021 7:20 pm
- Location: Spaldingski
Dropping Insurance Prices.
That's a big drop Mr G. Well done.
As I have had a recent run-in with my insurers (LV, which I lost as they didn't give a sh*t), my new quotes from everyone seem to have gone up by quite a margin. Anybody would think there was an insurance database which insurers can put 'black marks' on!
I also don't understand how quotes for the same car, same details, same everything can be so different depending on the start date. I got a quote today for my new 4 series. I put in a start date of next Monday 25th; cost was £247.00. I then edited the quote with a start date of tomorrow; cost was £274.00. Cannot see a reason for this at all.
All good things come to those who wait. I'm really impatient which explains a lot.
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
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OnlineScubaregs
- Lifer
- Posts: 3019
- Joined: Thu Jul 01, 2021 7:36 am
Dropping Insurance Prices.
I could not get a decent quote for the G29, not happy at all on what I'm paying. It is in a lower group than my 718 Boxster was and worth a bit less, yet I'm paying nearly double than I paid for the Porsche with no change in circumstances.
Abstinence is fine, in moderation.
San Francisco red G29 30i. BMW S1000r Sport.
San Francisco red G29 30i. BMW S1000r Sport.
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- Lifer
- Posts: 12727
- Joined: Sun Nov 30, 2008 1:03 pm
- Location: Liverpool
- Contact:
Dropping Insurance Prices.
Simple!Pondrew wrote: ↑Tue Apr 19, 2022 11:14 amI also don't understand how quotes for the same car, same details, same everything can be so different depending on the start date. I got a quote today for my new 4 series. I put in a start date of next Monday 25th; cost was £247.00. I then edited the quote with a start date of tomorrow; cost was £274.00. Cannot see a reason for this at all.
In the 2nd case you are in a rush, so they think they can charge you a premium for that urgency...assuming you won't have time to phone around lots of companies for comparisons.
If you do your comparison searches in plenty of time, you can hold that quote for a couple of weeks and then see how they compare to your renewal.
14-28 days before your start date seems to be the best.
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Online
- Member
- Posts: 348
- Joined: Tue Sep 10, 2013 11:59 pm
Dropping Insurance Prices.
New FCA legislation in place since 1 Jan mandates that renewal prices cannot be higher than for quotes for new customers. Previously, substantial discounts were offered for new customers.
Great news if you typically don't shop around. Not so great if you do.
Great news if you typically don't shop around. Not so great if you do.
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Online
- Lifer
- Posts: 8513
- Joined: Wed Jan 20, 2021 7:20 pm
- Location: Spaldingski
Dropping Insurance Prices.
They don't miss a trick, do they?mmm-five wrote: ↑Tue Apr 19, 2022 11:29 am Simple!
In the 2nd case you are in a rush, so they think they can charge you a premium for that urgency...assuming you won't have time to phone around lots of companies for comparisons.
If you do your comparison searches in plenty of time, you can hold that quote for a couple of weeks and then see how they compare to your renewal.
14-28 days before your start date seems to be the best.
All good things come to those who wait. I'm really impatient which explains a lot.
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
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- Lifer
- Posts: 12727
- Joined: Sun Nov 30, 2008 1:03 pm
- Location: Liverpool
- Contact:
Dropping Insurance Prices.
They can simply get around this new legislation by telling you that underwriting criteria & risk profiles change on a daily basis, so your renewal quote from 01-Apr does not have to be the same as your own quote done on 02-Apr...or by ever-so-slightly changing their policy terms every few weeks so that there can never be the same policy in place for new and existing customers.
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- Lifer
- Posts: 8513
- Joined: Wed Jan 20, 2021 7:20 pm
- Location: Spaldingski
Dropping Insurance Prices.
And if you change cars mid-term they will load the premium on the new one. This is what I have had a dispute with LV over for the past 2 weeks. I got a new policy instead of changing the LV one, as it was £90 cheaper. Guess who the cheaper one is with........yep LV!mmm-five wrote: ↑Tue Apr 19, 2022 1:30 pm They can simply get around this new legislation by telling you that underwriting criteria & risk profiles change on a daily basis, so your renewal quote from 01-Apr does not have to be the same as your own quote done on 02-Apr...or by ever-so-slightly changing their policy terms every few weeks so that there can never be the same policy in place for new and existing customers.
Insurance companies' attitude......'if you don't like it go somewhere else, we couldn't care less'.
All good things come to those who wait. I'm really impatient which explains a lot.
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
F31 320i. Good car.
E89 20i Now fully dried
Z3 'free litre'. Project and a half. Complicated!
Mazda3 sold
Tatty old R56 Mini Cooper. Money pit!
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- Member
- Posts: 105
- Joined: Sun Apr 17, 2022 9:46 am
- Location: Royston….ish
Dropping Insurance Prices.
Hi all..... Dont know of you've tried yet but... Last may (2021)I thought I'd give that compare the market a look, well.... Wow! My Z4 was £168 with aviva (first year of owning it..my wife's golf r-line went from £380 down to £155 with again aviva and my caddy van from £345 down to £172 with Lloyds...
E89 20i SDrive M Sport mineral grey
Golf R-line Atlantic blue
VW Caddy..... Yep.. Its white
Golf R-line Atlantic blue
VW Caddy..... Yep.. Its white
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OnlineMr Tidy
- Legend
- Posts: 23855
- Joined: Wed Jul 02, 2014 12:18 pm
- Location: North West Surrey
Dropping Insurance Prices.
I paid £241 for my 330i with Saga last year and I renewed with them for £206 this afternoon!
It'll be interesting to see what happens with the MC renewal in June.
It'll be interesting to see what happens with the MC renewal in June.
Coupes because stunning!
Current - Silver Grey MC, Imola Red heated Nappa & carbon trim. Aeros, H & R Coil-overs, 224s, OE Strut brace, Nav, cup-holders, DSP Hi-Fi, pdc, cruise, MFSW, no CDV! E90 330i daily
Gone - Montego Blue
Gone - Ruby Black
Current - Silver Grey MC, Imola Red heated Nappa & carbon trim. Aeros, H & R Coil-overs, 224s, OE Strut brace, Nav, cup-holders, DSP Hi-Fi, pdc, cruise, MFSW, no CDV! E90 330i daily
Gone - Montego Blue
Gone - Ruby Black
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- Member
- Posts: 408
- Joined: Thu Feb 25, 2010 4:54 pm
- Location: Kilwinning
Dropping Insurance Prices.
Just had our renewal in for the X3M40d, £366 for me and the good lady. This £45 cheaper than last years quote and this is a newer car which cost considerably more than the last X3M40d. Direct Line Insurance.
2007 BMW Z4M INTERLAGOS BLUE(long gone).
2021 BMW X3M40d Individual Tanzanite blue.
2014 Ford Transit Connect Race red.
2021 BMW X3M40d Individual Tanzanite blue.
2014 Ford Transit Connect Race red.
- Ewazix
- Lifer
- Posts: 4721
- Joined: Sun May 02, 2010 5:30 pm
- Location: Somerset
Dropping Insurance Prices.
I recently insured the Z4 for £69!
Autonet, 5k miles PA, Comp-SDP, zero voluntary and compulsory excess of £150, hire car, legal cover but no breakdown (as I have that already) I also get £150 worth of vouchers for buying through Moneysupermarket.com, I didn't bother searching any further and grabbed it quick.
Autonet, 5k miles PA, Comp-SDP, zero voluntary and compulsory excess of £150, hire car, legal cover but no breakdown (as I have that already) I also get £150 worth of vouchers for buying through Moneysupermarket.com, I didn't bother searching any further and grabbed it quick.
2003 2.5 SE, low miles, Sterling Grey, 108's & Eagles, no stubby here! Unmolested.
2018 Cooper S Countryman
Fiesta Ecoboost
2018 Cooper S Countryman
Fiesta Ecoboost
- buzyg
- Legend
- Posts: 26544
- Joined: Fri May 20, 2011 6:11 pm
- Location: Cornwall
Dropping Insurance Prices.
So you paid £69 and they gave you a possible £150 back. I can see how you took that one.Ewazix wrote: ↑Tue May 03, 2022 4:59 pm I recently insured the Z4 for £69!
Autonet, 5k miles PA, Comp-SDP, zero voluntary and compulsory excess of £150, hire car, legal cover but no breakdown (as I have that already) I also get £150 worth of vouchers for buying through Moneysupermarket.com, I didn't bother searching any further and grabbed it quick.
- pvr
- Legend
- Posts: 26270
- Joined: Fri Jun 15, 2007 12:27 pm
- Location: South East UK
Dropping Insurance Prices.
Home insurance went down for me as well, no idea why
Current:
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3
Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo
911-50 Black - unique spec
X5M - 575 hp of fun in a V8
Abarth 595 Comp.
Golf Clipper - collectors item
Z4 3.0si Black Sapphire
VW ID.3
Previous:
Z4M Silver Grey - non flimper spec (gone to Bing)
Z4 3.0 Toledo
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OnlineMr Tidy
- Legend
- Posts: 23855
- Joined: Wed Jul 02, 2014 12:18 pm
- Location: North West Surrey
Dropping Insurance Prices.
I just got the renewal notice through for my MC from Chris Knott for £300.00.
It was £345 last year!
It was £345 last year!
Coupes because stunning!
Current - Silver Grey MC, Imola Red heated Nappa & carbon trim. Aeros, H & R Coil-overs, 224s, OE Strut brace, Nav, cup-holders, DSP Hi-Fi, pdc, cruise, MFSW, no CDV! E90 330i daily
Gone - Montego Blue
Gone - Ruby Black
Current - Silver Grey MC, Imola Red heated Nappa & carbon trim. Aeros, H & R Coil-overs, 224s, OE Strut brace, Nav, cup-holders, DSP Hi-Fi, pdc, cruise, MFSW, no CDV! E90 330i daily
Gone - Montego Blue
Gone - Ruby Black