Like many others on this site I have just experienced a large increase in my Lexus UX insurance renewal premium. Budget Insurance increased the amount from around £300 last January to over £500 so having done my annual price comparisons I’m now with a slightly more competitive premium with Ageas (via Quidco Compare).
Having many years experience working in Personal Lines Insurance (motor, home, travel etc) it appears there has been a huge increase in all insurance premiums in the past 10 months. The significant increased car insurance costs on Lexus models are no worse than any other motor manufacturers. I accept car repair costs have increased but dare I suggest there may be a cartel across all the larger insurance companies to agree to implement this huge increase across the board?