mrfunex

Lexus insurance a joke!

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So, in advance of picking up my new GSF, I got a quote from Lexus insurance, just out of curiosity. The best I’d seen so far through a comparison site was £264 for the year (benefits of living in a safe area, I guess!)

Their quote?

£2,168.77!!!

Can anyone top that? :wacko:

 

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Like for like cover?

Lexus wasn't significantly different from my existing company

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Yup, everything the same. 

It happened before on a GS450h.

Lexus’ quotation was 5-6 times most other quotes I’d had! They quoted me double what I’d been paying on a 550bhp modified 911 Turbo! The excuse? “You’re a younger male with a powerful, big engined car” Maybe it’s just me! 

I’m 33, have no endorsements, I live in a safe area etc. Literally *nothing at all* to stand out as a big risk, yet the quotations I receive are astronomical! As I say, all other companies offer resonable quotations! 

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Their prices are always stupid. Although not as stupid as Adrian Flux.

I got a quote of £1300 on RX and £1100 on IS.

Admiral covered them both for £1036 and gave be £50k lifetime personal injury insurance. 

Adrian flux are something else - £4k for the RX so just howled in laughter and told them to stick it where the sun don't shine. Chris Knott on the other hand were brilliant - even beat Admiral's quote but I didn't fancy the hassle of changing over for £36

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I was extremely surprised to get a cheap quote from them when I got my IS. Then I added business use and it went through the roof.

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On 11/22/2017 at 11:50 PM, rayaans said:

Their prices are always stupid. Although not as stupid as Adrian Flux.

I got a quote of £1300 on RX and £1100 on IS.

Admiral covered them both for £1036 and gave be £50k lifetime personal injury insurance. 

Adrian flux are something else - £4k for the RX so just howled in laughter and told them to stick it where the sun don't shine. Chris Knott on the other hand were brilliant - even beat Admiral's quote but I didn't fancy the hassle of changing over for £36

Hi,

Sorry we couldn't help with your insurance. unfortunately we can;t be competitive on every quotation I'm afraid.

Regards,

Dan.

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16 hours ago, DAN@ADRIAN FLUX said:

Hi,

Sorry we couldn't help with your insurance. unfortunately we can;t be competitive on every quotation I'm afraid.

Regards,

Dan.

I understand that Dan but a £4k quote is genuinely taking the mick. 

If you guys don't want to quote, just say so instead of giving premiums inflated by 500%

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On 23/11/2017 at 9:23 AM, rich1068 said:

I was extremely surprised to get a cheap quote from them when I got my IS. Then I added business use and it went through the roof.

It does seem that some people are able to get competitive quotes from Lexus. I've never been able to understand the demographic they are looking for though.

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57 minutes ago, ColinBarber said:

It does seem that some people are able to get competitive quotes from Lexus. I've never been able to understand the demographic they are looking for though.

Some people are very economical with the truth which can have a bearing on what they are quoted, this also can often have huge consequences later down the road once the insurance company find out. Very difficult these days to lie to insurance companies.

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I had my renewal notice last week from the Co-op, they wanted  £492.

I have changed to AA, they quoted £300.

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On 22/04/2018 at 10:30 AM, B1001 said:

 

I also feel Lexus has a reputation of being the vehicle of choice for a much older drivers. I rarely see a Lexus driver under 40 on the roads.

 

There could be, and probably are a number of reasons for that.

One being that the over 50's have more disposable income for spending on luxuries, such as expensive cars ?

They are more likely to have inherited money from parents or relations, or have very good pensions.

They aren't worried about the badge on the front, or how quickly their car will get to 60mph.

They just want a comfortable reliable car.

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I've just picked my Lexus up and took the 3 day insurance they offer before transferring onto my current policy for my old car. They offered a quote to take out for a new policy....£1900!!! I've got a quote lined up else where for when my current policy ends and is £520. It's a shame Lexus insurance isn't competitive.

Hopefully when the time comes I'll be able to get it cheaper still. 

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I insure my NX and my MINI Cooper on a multi car policy with Admiral. Last year, £488 for both with protected NCB and personal legal cover. Renewal this year was over £600!

Pretty much every other company is cheaper with like for like cover, whether insuring the cars separately through different companies or together. I'll go with Direct Line - just beating Aviva and the Co-Op - for £458 total. No doubt I'll be back with Admiral next year - that's the pattern of the past few years. With a new customer discount they're usually cheapest for me. Without, as this year being an existing customer, they can't compete.

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I called Admiral to tell them not to renew my policy, and they matched the lowest price in about 2 minutes. No surprise that I've stayed with them as it is easier. They've never matched on price before - the guy said they didn't want to lose me as a customer. Interesting...😃

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19 minutes ago, First_Lexus said:

I called Admiral to tell them not to renew my policy, and they matched the lowest price in about 2 minutes. No surprise that I've stayed with them as it is easier. They've never matched on price before - the guy said they didn't want to lose me as a customer. Interesting...😃

I do that every year.

Ring them up, they either match it, give a better quote and additional benefits. 

No surprise then that my multicar policy has been running with them for a few years now 🤣

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I've tried it many times, but usually they just say they can't match price and let me go. The difference this year seemed to be that the lowest price was with Direct Line...the level of urgency and interest went from 'not bothered' to 'please stay' in a few seconds! Whatever the reason, I'm happy.

😁

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It really does ***** me off how insurance companies treat us. Renewed mine this morning. The quote they gave me was £40 more than last year. As soon as I told them I could get it cheaper elsewhere they matched it!

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