Insurance big jump in premiums.

[rayaans]

Just to add to this. My Merc c class got hit and requires a £9k repair. Full one side needs doing.

Checked insurance premium as non fault claim and it's doubled to £1800 from £985 last year. 

[ColinBarber]

2 minutes ago, rayaans said:

£985 last year.

even that isn't exactly cheap!

[rayaans]

16 hours ago, ColinBarber said:

even that isn't exactly cheap!

Yes but I got 6 points! It was around £700

[GMB]

Think yourself lucky £20,000 pounds insurance!!!

From the Independent newspaper.

The Range Rover Velar R-Dynamic HSE is virtually impossible to insure in some areas of London. According to one comparison website, only two providers offer insurance for the car - to a 35-year-old woman in zone four, with six years of driving experience and no claims - for no less than £20,000 a year.

When moved to a north London address in zone 2, the website QuoteGoat found no insurance available for a 2023 Range Rover Velar R-Dynamic HSE and no car insurance deals appear to be available in London for a 25-year-old man with the same driving qualification and the same car.

[Ammu]

2020 Lexus  UX F Sport E Four Takumi pack 
 

My insurance is up for renewal , current insurer AVIVA  increased renewal quote from £700 to £2000 including , NCB protection , legal cover and courtesy car small . 

No Claim  , NCB 13 years . Tried ringing them but they won’t reduce and happy for me to go elsewhere . 
Adrian Flux could not help either . 
Cheapest I could find on comparison website  with 5000 miles down from 8000 was £880 to 1000 with  Admiral , AGEAS , RIAZ , but when i go to their page from comparison sites page , my car details change despite entering car reg . All it says is Lexus UX F Sport . 
Do I accept this as it is , how do I specify E 4 Takumi pack , I thought that was part of the manufacturer configuration . I have not done any modifications . 
 

What do you all think .

Thanks 

[ColinBarber]

9 minutes ago, Ammu said:

All it says is Lexus UX F Sport . 
Do I accept this as it is , how do I specify E 4 Takumi pack , I thought that was part of the manufacturer configuration . I have not done any modifications . 

Many insurance companies don't care about having to declare factory built options. It was the same with my wife's UX which has Premium Plus and Tech packs but is just listed as a base grade UX on insurance and they said that was fine when queried with them.

Ring and speak to someone if you are unsure, and keep a record of the time/date and who you spoke to.

[GMB]

It is not just us Lexus owners that are seeing big increases in insurance costs. Phone call yesterday from brother-in-law who is ancient and has a knackered old VW Polo, just for shopping. His premium has doubled. He is on a poor state pension only. He cannot afford the increase. He must now take the bus everywhere as the old car in unaffordable. Priced off the road. Sad😒

[DAN@ADRIAN FLUX]

On 3/17/2024 at 10:25 AM, Ammu said:

2020 Lexus  UX F Sport E Four Takumi pack 
 

My insurance is up for renewal , current insurer AVIVA  increased renewal quote from £700 to £2000 including , NCB protection , legal cover and courtesy car small . 

No Claim  , NCB 13 years . Tried ringing them but they won’t reduce and happy for me to go elsewhere . 
Adrian Flux could not help either . 
Cheapest I could find on comparison website  with 5000 miles down from 8000 was £880 to 1000 with  Admiral , AGEAS , RIAZ , but when i go to their page from comparison sites page , my car details change despite entering car reg . All it says is Lexus UX F Sport . 
Do I accept this as it is , how do I specify E 4 Takumi pack , I thought that was part of the manufacturer configuration . I have not done any modifications . 
 

What do you all think .

Thanks 

Hi.

I'm sorry we were unable to help with your insurance.

Regards,

Dan.

[Frank Burns]

Thought my insurance quote from last month was an anomaly but all the comparison sites were pretty similar and there seems to be a 'consensus' amongst the different companies to have pushed prices up this year. Just had to pick the least painful option and get on the road

[Grumps]

I have an LV multi car policy.

The insurance on my 2018 NX was £250 last year. Just had a renew notice and it has gone up to £460 (appx 80% increase)

Wife has a Golf GTI and that has gone up by 40%.

The sooner Lexus introduce a plate to protect the Canbus, or other security measures, the better for us all. They need to up their game in this respect.

[wharfhouse]

There seems little rationale or logic behind the increases and to me just seems like insurers are out to get as much as they can while they can - in my case here are a few examples over the last couple of months:

- My mothers 12 year old Audi A3 (lives in North Yorkshire) that two years ago was about £350 per annum, then last year £510, renewal this month was £933 - so 83% increase (all those years were with LV Insurance) - no change in circumstances other than she is 3 years older (now 86 years old) - LV would only reduce it £45 on calling them - ran comparison quotes and best she could get was £792 with another insurance company so took that.

- My daughter and her fiancé with a 4 year old Kia Niro and a 13 year old Ford Fiesta (live on the south coast) and both cars with Admiral insurance multicar saw about a 25% increase in premiums - no change in circumstances except a year older (both under 30 years old) - but on calling Admiral they got the increase in premium roughly halved (so about 12% for the year).

- My wife's 4 year old Toyota Yaris (we live in Berkshire) with Tesco Insurance went from £234 to £366 - so 56% increase - no change in circumstances. Ran comparison quotes and got it down to £294 with a different insurance company so changed to them.

- My 9 year old Lexus IS 300h with Tesco Insurance went from £374 to £661 - so 77% increase - no change in circumstances. Ran comparison quotes and got it down to £429 with a different insurance company so changed to them.

Having seen all of those within a few weeks of each other just highlights how broken the whole insurance market is.

[peniole]

Here's something that also makes no sense in the UK insurance market, compehensive vs 3rd party cost difference is negligible. Why? Every other country I've insured in, 3rd party is considerably cheaper as the goverment mandated option.

[wharfhouse]

5 minutes ago, peniole said:

Here's something that also makes no sense in the UK insurance market, compehensive vs 3rd party cost difference is negligible. Why? Every other country I've insured in, 3rd party is considerably cheaper as the goverment mandated option.

I've actually found that 3rd party sometimes comes out MORE expensive than fully comprehensive when I've experimented before on the comparison sites! 

[Boomer54]

1 hour ago, wharfhouse said:

I've actually found that 3rd party sometimes comes out MORE expensive than fully comprehensive when I've experimented before on the comparison sites! 

I did the same exercise out of interest and found the same result.

[GMB]

3 hours ago, wharfhouse said:

I've actually found that 3rd party sometimes comes out MORE expensive than fully comprehensive when I've experimented before on the comparison sites! 

It's obvious innit. Third party is always higher risk thus more expensive.  After the first party you are at risk when driving, after the second party you are very much at risk but third party = downright dangerous.  Simples.

[ALAW]

Just had my renewal and it has gone up substantially. What I'm finding odd is on the comparisons they are all more or less same as renewal but one comparison is substantially lower substantially.

[RONNIE W HODGEKINSON]

On 4/23/2023 at 12:43 PM, Herbie said:

Not really a strange world - all you have to do is to accept that all insurance companies, utility companies and so on are out to bleed us until we squeak!

When I first started driving in 1975 a "fully comprehensive" policy was just that; everything you needed in one easy-to-arrange package. Now, if you want X you have to pay for it; "You want Y sir? That will be an extra [sticks finger in mouth then holds it up to see wind direction] £85 sir"

I don't want to meet the Grim Reaper for a while yet, but let's just say that I'm glad I'm on the last bus to his place because this world is going to Hades in a handbasket on all fronts.

Very profound and SO true..!!!

[RONNIE W HODGEKINSON]

On 4/23/2023 at 9:48 AM, peniole said:

Sadly, no it's not because you retired. Other RX owners are reporting the same. There has been a recent spike in RX thefts, especially in and around London, but not limited to there alone. CAN-Bus thefts, relay attacks and OBD key cloning have all been reported.

Any Excuse Really To Bump Up Your Insurance Premium..What will it be Next ? OH Yes Additional Question as to find out if you eat A Boiled egg Every Morning for your Breakfast ..If You Do This will also Bump Up Your premium as your Cholesterol will be Elevated Which puts you at a Greater Risk....Just wait for it.. There will be more Health Questions In The future To get us off the Road... Nothing Surprises me Now....!!!!

[Boomer54]

Todays news.

"Shares in Admiral soared yesterday as the insurance group cashed in on higher motor premiums.

The company said that profits jumped 32 per cent in the first half of the year "

As an investor you are going to love such a large bump in profitability. As a motorist this does nothing ,but feed your belief that you are indeed being ripped off.

[Phil xxkr]

On 5/16/2024 at 10:51 AM, RONNIE W HODGEKINSON said:

Any Excuse Really To Bump Up Your Insurance Premium..What will it be Next ? OH Yes Additional Question as to find out if you eat A Boiled egg Every Morning for your Breakfast ..If You Do This will also Bump Up Your premium as your Cholesterol will be Elevated Which puts you at a Greater Risk....Just wait for it.. There will be more Health Questions In The future To get us off the Road... Nothing Surprises me Now....!!!!

Interesting Ron, that's why I will not sign up to PKB. It allows PKB access to all your medical records, which is incidentally owned by the largest healthcare US owned firm in the world! And it's still not clear if their hacked system earlier which it was reported involved up to one third of all Americans this year included UK info.? 

[Phil xxkr]

On 3/18/2024 at 8:48 AM, GMB said:

It is not just us Lexus owners that are seeing big increases in insurance costs. Phone call yesterday from brother-in-law who is ancient and has a knackered old VW Polo, just for shopping. His premium has doubled. He is on a poor state pension only. He cannot afford the increase. He must now take the bus everywhere as the old car in unaffordable. Priced off the road. Sad😒

Get him to speak to citizens advice bureau about over 65 Age Allowance. There is help available depending upon medical conditions 👍

[Malc1]

1 hour ago, Boomer54 said:

Todays news.

"Shares in Admiral soared yesterday as the insurance group cashed in on higher motor premiums.

The company said that profits jumped 32 per cent in the first half of the year "

As an investor you are going to love such a large bump in profitability. As a motorist this does nothing ,but feed your belief that you are indeed being ripped off.

Admiral, whilst a PLC hasn't seemingly had to register it's Shareholder Register at Companies House ...  otherwise I'd have posted it here ...  but it's at least @ 60% Institutional and Banks 

Malc

[Boomer54]

1 hour ago, Phil xxkr said:

Get him to speak to citizens advice bureau about over 65 Age Allowance. There is help available depending upon medical conditions 👍

If they took me to the human scrapyard I would probably get turned down!

[Malc1]

2 minutes ago, Boomer54 said:

If they took me to the human scrapyard

get real fella ,........ we're here already  🤣😂🙃

 

Malc

[Phil xxkr]

22 minutes ago, Boomer54 said:

If they took me to the human scrapyard I would probably get turned down!

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