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Post by lawrieleslie on Sept 19, 2023 7:41:47 GMT
Recently had a renewal quote from LV for the Kuga. Gobsmacked to see it had risen from £220 to £345 their explanation is that labour, spare parts, courtesy car hire and increased technology of vehicles meant repair costs etc had risen on average 55%. I thought bugger this and have tried several comparison sites and found that LV are actually at the cheaper end of the market some quoting over £600. I’ll give it one more try on comparison sites today and if I can’t find anything cheaper I’ll call LV and hopefully get a loyalty reduction as we’ve been with them several years now.
Anybody else suffering?
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Post by flea79 on Sept 19, 2023 8:10:28 GMT
Recently had a renewal quote from LV for the Kuga. Gobsmacked to see it had risen from £220 to £345 their explanation is that labour, spare parts, courtesy car hire and increased technology of vehicles meant repair costs etc had risen on average 55%. I thought bugger this and have tried several comparison sites and found that LV are actually at the cheaper end of the market some quoting over £600. I’ll give it one more try on comparison sites today and if I can’t find anything cheaper I’ll call LV and hopefully get a loyalty reduction as we’ve been with them several years now. Anybody else suffering? being in the insurance broking game this is the state of the market, one of the main issues is that they are taking much longer to repair vehicles due to lack of parts so the costs of courtesy cars are enormous... could be worse, you could have a range rover, now near enough uninsurable |
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Post by nott1 on Sept 19, 2023 10:55:56 GMT
Loads of false claims happening!
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Post by Huddysleftfoot on Sept 19, 2023 11:02:33 GMT
Corporate greed isn't helping either.
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Post by questionable on Sept 19, 2023 11:09:19 GMT
Recently had a renewal quote from LV for the Kuga. Gobsmacked to see it had risen from £220 to £345 their explanation is that labour, spare parts, courtesy car hire and increased technology of vehicles meant repair costs etc had risen on average 55%. I thought bugger this and have tried several comparison sites and found that LV are actually at the cheaper end of the market some quoting over £600. I’ll give it one more try on comparison sites today and if I can’t find anything cheaper I’ll call LV and hopefully get a loyalty reduction as we’ve been with them several years now. Anybody else suffering? Admiral seem to be doing good starter rates try them mate |
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Post by lordb on Sept 19, 2023 11:15:31 GMT
Loads of false claims happening! not so much as it was The time it takes to repair vehicles, to get the parts required has changed dramatically which forces costs up dramatically |
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Post by superjw on Sept 19, 2023 11:29:20 GMT
Loads of false claims happening! not so much as it was The time it takes to repair vehicles, to get the parts required has changed dramatically which forces costs up dramatically I used to work in the motor business and involved in vehicle repairs a bit. The cost of parts then was eye watering so god knows how bad now. Years ago cars that were structurally sound would be written off just because of the cost of a few parts. Must be a worse situation now |
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Post by noustie on Sept 19, 2023 11:47:03 GMT
not so much as it was The time it takes to repair vehicles, to get the parts required has changed dramatically which forces costs up dramatically I used to work in the motor business and involved in vehicle repairs a bit. The cost of parts then was eye watering so god knows how bad now. Years ago cars that were structurally sound would be written off just because of the cost of a few parts. Must be a worse situation now About ten year ago I remember a lad doing my MOT and was genuinely decent guy as got on with his mrs at work. It was over a grand and he showed me all parts involved and defo did mates rates to keep it down as we'd just had the wee one so was absolutely fucking skint. Because the bulb had gone above the rear number plate he tried to get the bulb out which would have been a couple of quid but because it was sealed had to get a whole new handle for £300! He showed me before ordering it and everything so unless he was getting money back from supplier then seemed straight up to me. In my work typically larger fleets but those are typically getting hit 5%-10% for clean risks. Electric vehicles are another factor as getting parts seems a bastard for some models plus if it's a battery it's basically a write off. |
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Post by Rednwhitenblue on Sept 19, 2023 19:36:27 GMT
It absolutely pays to shop around, using a comparison website is helpful too.
My DirectLine quote (I know, not the cheapest by any stretch) went up by about £180, despite no changes. They can't be getting renewals on that basis, surely? Perhaps they rely on inertia, people just not being bothered to change.
I did shop around and got it for just under £300 similar to what I paid last year.
You do need to be careful that things like compulsory excesses haven't changed to make the upfront price cheaper.
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Post by farnborostokie63 on Sept 20, 2023 7:55:26 GMT
Recently had a renewal quote from LV for the Kuga. Gobsmacked to see it had risen from £220 to £345 their explanation is that labour, spare parts, courtesy car hire and increased technology of vehicles meant repair costs etc had risen on average 55%. I thought bugger this and have tried several comparison sites and found that LV are actually at the cheaper end of the market some quoting over £600. I’ll give it one more try on comparison sites today and if I can’t find anything cheaper I’ll call LV and hopefully get a loyalty reduction as we’ve been with them several years now. Anybody else suffering? I'm with LV as well,mine has gone up £140, tried other insurance companies and comparison sites like yourself struggling to get a quote any cheaper. |
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Post by desman2 on Sept 20, 2023 10:31:29 GMT
I did a test on one of the comparison sites . For a Fiat Punto 1.3 it quoted me £285 fully comp. I then put in using the same details for a Porsche Boxter 3.2 and was quoted £189 fully comp.
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Post by nott1 on Sept 20, 2023 10:44:50 GMT
Loads of false claims happening! not so much as it was The time it takes to repair vehicles, to get the parts required has changed dramatically which forces costs up dramatically Every 5 minutes there is a fraudulent claim according to the tv this morning costing one point two billion pounds p.a and adds £50 to every premium. |
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Post by LL Cool Dave on Sept 21, 2023 19:59:26 GMT
Paid £211 last year. Renewal came in at £400, same company are £332 on gocompare, they were £265 when I checked in July.
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Post by flea79 on Sept 22, 2023 8:12:20 GMT
Paid £211 last year. Renewal came in at £400, same company are £332 on gocompare, they were £265 when I checked in July. thats now been outlawed price fixing its called insurers are no longer allowed to offer a better rate for new customers than they offer to existing customers |
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Post by jesusmcmuffin on Sept 22, 2023 8:19:02 GMT
I did a test on one of the comparison sites . For a Fiat Punto 1.3 it quoted me £285 fully comp. I then put in using the same details for a Porsche Boxter 3.2 and was quoted £189 fully comp. Had a Boxster 3.2 S and wasn't too expensive to insure at all.was a bit surprised . Think I paid £359 Fully comp with other half on it as an additional driver . |
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Post by danceswithclams on Sept 22, 2023 11:49:59 GMT
Paid £211 last year. Renewal came in at £400, same company are £332 on gocompare, they were £265 when I checked in July. Mine has gone up by £450 from last year. Cheapest I can find similar cover on comparison sites is still around £300 more than what I previously paid. It's an absolute racket - no wonder so many people drive around without insurance. |
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Post by desman2 on Sept 22, 2023 16:47:32 GMT
Paid £211 last year. Renewal came in at £400, same company are £332 on gocompare, they were £265 when I checked in July. Mine has gone up by £450 from last year. Cheapest I can find similar cover on comparison sites is still around £300 more than what I previously paid. It's an absolute racket - no wonder so many people drive around without insurance. Insurance companies have to contribute to a fund which compensates those damaged by uninsured drivers. This is why it probably rockets every year |
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Post by LL Cool Dave on Sept 22, 2023 19:15:55 GMT
Paid £211 last year. Renewal came in at £400, same company are £332 on gocompare, they were £265 when I checked in July. thats now been outlawed price fixing its called insurers are no longer allowed to offer a better rate for new customers than they offer to existing customers I know, but it's on a different platform/website hence the price difference. The FCA brought the ruling in to treat customers fairly but everyone has ended up paying more (this isn't the only reason though) |
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Post by thehartshillbadger on Sept 22, 2023 19:23:30 GMT
Paid £211 last year. Renewal came in at £400, same company are £332 on gocompare, they were £265 when I checked in July. Mine has gone up by £450 from last year. Cheapest I can find similar cover on comparison sites is still around £300 more than what I previously paid. It's an absolute racket - no wonder so many people drive around without insurance. Probably best being a taxi driver. None of this tax and insurance lark, just a photo ID swinging from the mirror. Job done. |
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Post by flea79 on Sept 22, 2023 20:52:25 GMT
thats now been outlawed price fixing its called insurers are no longer allowed to offer a better rate for new customers than they offer to existing customers I know, but it's on a different platform/website hence the price difference. The FCA brought the ruling in to treat customers fairly but everyone has ended up paying more (this isn't the only reason though) The impact when it came in last year was fairly negligible or at least it was with our panel for private car… Fraud is also a major driver Had a new commercial fleet quote request this week which was just too perfect and too easy too quote and my alarm bell was going off, he only bottled it when I wouldn’t let him have 100% finance and wanted some money up front, turns out I was right the claims experience provided was bogus and is now with the fraud team at Aviva…. That and ghost broking using motor trade road risk policies is another driver |
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Post by mattador78 on Sept 24, 2023 16:15:37 GMT
Did mine over the phone told them I could get £50 cheaper than the quote, which was £30 cheaper than last year. They matched it job done. Hardest thing is finding a phone number to talk to someone. I’ve finally done three years without someone writing my car off. To be honest could do with a new one 😂
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Post by questionable on Jan 16, 2024 20:15:35 GMT
We like the Land Rover Defender but having spoken to a few people in the trade they’re supposedly a bag of shit throughout most of the Land Rover/Range Rover models and we were advised to stay well clear.
From what I’ve seen and been told car recovery garages are rammed full of stolen/recovered Range Rovers, Evoques, Defenders etc as they’re always being stolen despite monthly security updates.
One person was telling me the insurance excess is a minimum of £1200 and I’ve seen yearly insurance quotes between 26-30k for Range Rovers
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Post by atillathehoneybee on Jan 16, 2024 22:35:41 GMT
We like the Land Rover Defender but having spoken to a few people in the trade they’re supposedly a bag of shit throughout most of the Land Rover/Range Rover models and we were advised to stay well clear. From what I’ve seen and been told car recovery garages are rammed full of stolen/recovered Range Rovers, Evoques, Defenders etc as they’re always being stolen despite monthly security updates. One person was telling me the insurance excess is a minimum of £1200 and I’ve seen yearly insurance quotes between 26-30k for Range Rovers JLR are so concerned over this they have formed their own insurance company... Actually makes a lot of sense, would certainly bring repair costs down and lead to far fewer right offs.. |
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Post by questionable on Jan 17, 2024 7:37:19 GMT
We like the Land Rover Defender but having spoken to a few people in the trade they’re supposedly a bag of shit throughout most of the Land Rover/Range Rover models and we were advised to stay well clear. From what I’ve seen and been told car recovery garages are rammed full of stolen/recovered Range Rovers, Evoques, Defenders etc as they’re always being stolen despite monthly security updates. One person was telling me the insurance excess is a minimum of £1200 and I’ve seen yearly insurance quotes between 26-30k for Range Rovers JLR are so concerned over this they have formed their own insurance company... Actually makes a lot of sense, would certainly bring repair costs down and lead to far fewer right offs.. "It was when I found another V8 to buy that I realised why. The insurance quote was £26,000... One of our clerks had a Range Rover Sport stolen. He lives in Essex and it was exactly the same story when he came to reinsure a replacement." Mr X now drives a Range Rover hybrid. "It isn't a Range Rover model I particularly like," he says, "but the insurance is less than a third for that on a V8 and I refuse to have someone else determine what brand of car I drive. I have got a big yellow steering lock, which I hope might be a deterrent. "It's just ridiculous," he adds, "this is becoming an epidemic." Further, he dismisses Land Rover's update bulletins on security. "We get one a month inviting us to go to a dealer to have the software flashed, |
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Post by noustie on Jan 17, 2024 8:02:50 GMT
There's defo reasons for the hikes but still deals to be had - on clean fleet risks we've on occasion seen savings and existing insurers will typically settle for 5% to save a market exercise. If it runs like a dog then nobody else will touch it unless the price is mental.
On my own with 20k business miles Aviva went from 50 quid a month to 72 quid. Went on a quote engine and 'Quote me happy', also Aviva really, did it for 55 quid. Auto renewals will take the piss hoping folk can't be arsed.
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Post by flea79 on Jan 17, 2024 9:30:09 GMT
We like the Land Rover Defender but having spoken to a few people in the trade they’re supposedly a bag of shit throughout most of the Land Rover/Range Rover models and we were advised to stay well clear. From what I’ve seen and been told car recovery garages are rammed full of stolen/recovered Range Rovers, Evoques, Defenders etc as they’re always being stolen despite monthly security updates. One person was telling me the insurance excess is a minimum of £1200 and I’ve seen yearly insurance quotes between 26-30k for Range Rovers JLR are so concerned over this they have formed their own insurance company... Actually makes a lot of sense, would certainly bring repair costs down and lead to far fewer right offs.. im afraid to say they havent formed an insurance company, they have made a scheme specially for Landrovers that is underwritten by an insurance company via an underwriting agency, Wrisk Transfer Limited whoever the hell they are.... I have an evoque and its probably going to be sold next month as insurances are due in March and nobody fancies it despite it being 10 years old and not the model that is stolen, it doesnt help that Mrs Flea79 has had 2 fault claims in the last 5 years, st4 postcode isnt great either the insurance issue will come down over the next couple of years but till then we are all stuffed |
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Post by Robo10 on Jan 17, 2024 9:54:26 GMT
My eldest (22) passed his test eventually before Christmas - 6 goes at it - but suffered as he failed #1 the day before Lockdown 1 in March 2020 and instructor retired so its been between me and his mum to keep him driving in between away a Uni for 3 years so its been fragmented! (He could drive perfectly well, just always a mistake under test conditions!)
Anyway, bought himself a little car (Peugeot 306), I was expecting north of £2000 for Comprehensive insurance
- On his own, with a black box fitted, cheapest (via MoneySupermarket, shopped around a few), £1480. (Same company (Admiral) on Confused.com £1890.....)
- Added myself as a named driver (have my own car), it went down to £1150...with a black box/app
- Added his mum as another named driver (has her own car), it went down again to £1020...with a black box/app
However on the last option he could have the same cover with NO black box/monitoring for £1120, so he has gone for that.
Madness that adding your parents to cover lessens the risk/premium - but a tip for any of you getting insurance for the first time - add your folks!
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Post by wagsastokie on Jan 17, 2024 10:26:27 GMT
My eldest (22) passed his test eventually before Christmas - 6 goes at it - but suffered as he failed #1 the day before Lockdown 1 in March 2020 and instructor retired so its been between me and his mum to keep him driving in between away a Uni for 3 years so its been fragmented! (He could drive perfectly well, just always a mistake under test conditions!) Anyway, bought himself a little car (Peugeot 306), I was expecting north of £2000 for Comprehensive insurance - On his own, with a black box fitted, cheapest (via MoneySupermarket, shopped around a few), £1480. (Same company (Admiral) on Confused.com £1890.....) - Added myself as a named driver (have my own car), it went down to £1150...with a black box/app - Added his mum as another named driver (has her own car), it went down again to £1020...with a black box/app However on the last option he could have the same cover with NO black box/monitoring for £1120, so he has gone for that. Madness that adding your parents to cover lessens the risk/premium - but a tip for any of you getting insurance for the first time - add your folks! Just as a matter of interest if the little darlings have to claim How does it effect the parent /s own insurance for there vehicles |
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Post by svengaliinplatforms on Jan 17, 2024 10:43:57 GMT
My eldest (22) passed his test eventually before Christmas - 6 goes at it - but suffered as he failed #1 the day before Lockdown 1 in March 2020 and instructor retired so its been between me and his mum to keep him driving in between away a Uni for 3 years so its been fragmented! (He could drive perfectly well, just always a mistake under test conditions!) Anyway, bought himself a little car (Peugeot 306), I was expecting north of £2000 for Comprehensive insurance - On his own, with a black box fitted, cheapest (via MoneySupermarket, shopped around a few), £1480. (Same company (Admiral) on Confused.com £1890.....) - Added myself as a named driver (have my own car), it went down to £1150...with a black box/app - Added his mum as another named driver (has her own car), it went down again to £1020...with a black box/app However on the last option he could have the same cover with NO black box/monitoring for £1120, so he has gone for that. Madness that adding your parents to cover lessens the risk/premium - but a tip for any of you getting insurance for the first time - add your folks! Just as a matter of interest if the little darlings have to claim How does it effect the parent /s own insurance for there vehicles It won't, no. Oddly, I was doing a quote for myself last night & the premium looked OK but they wanted £545 excess (£445 Compulsory & £100 Voluntary), so i re-ran the quote with no Voluntary excess and the price came down £26. Weird. |
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Post by svengaliinplatforms on Jan 17, 2024 10:44:24 GMT
My eldest (22) passed his test eventually before Christmas - 6 goes at it - but suffered as he failed #1 the day before Lockdown 1 in March 2020 and instructor retired so its been between me and his mum to keep him driving in between away a Uni for 3 years so its been fragmented! (He could drive perfectly well, just always a mistake under test conditions!) Anyway, bought himself a little car (Peugeot 306), I was expecting north of £2000 for Comprehensive insurance - On his own, with a black box fitted, cheapest (via MoneySupermarket, shopped around a few), £1480. (Same company (Admiral) on Confused.com £1890.....) - Added myself as a named driver (have my own car), it went down to £1150...with a black box/app - Added his mum as another named driver (has her own car), it went down again to £1020...with a black box/app However on the last option he could have the same cover with NO black box/monitoring for £1120, so he has gone for that. Madness that adding your parents to cover lessens the risk/premium - but a tip for any of you getting insurance for the first time - add your folks! I hope you made him get Option Plus Robo 😉 |
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