Insurance renewal

rab60bit · 5th February 2024, 11:08

Just had my 4 weeks notice of the automatic renewal/quote. Not changed car, address, usage, not had any [recent] accidents ie circumstances unchanged in past 5/6 or so years.
Not amended the policy in any way (which is fairly 'basic' comprehensive cover) and have 20 years NCB. it's previously been competitive despite increases which is why I've remained with the provider.....now gone up a whacking 75%! Overheads, (my bet is this service industry is one of those that is a sure thing 'work from home' candidate). Costs, well in our case even the slightest claim is a 95% cert. write-off so absolute tops £400 and Rover must be one of the shrinking vehicles populating our roads. Risk, perhaps due to my age, means the second party claim would be substantial (unless I hit another Rover!) and I do live in an area where high value car theft (in particular Land Rover) is well publicised but who would steal a 20 years old 75 (except for the cat!)
Where do they get these charges from?

Francophile · 5th February 2024, 11:43

Quote:

Where do they get these charges from?

With your user name, I would respectfully suggest 'Out of a hat'!

daveo138 · 5th February 2024, 12:04

Your cat is a car thief?

Arctic · 5th February 2024, 12:59

It's all a con the industry needs a massive shake up, but doubt it will ever happen because we just put up with it don't we.

Another link below, my insurance doubled on both me FL2

https://www.the75andztclub.co.uk/for...d.php?t=326794

YHT · 5th February 2024, 16:38

Its probable that they are trying to recover money "splashed out" (no pun intended) on the additional costs of claims by folk who like to navigate their way through deep water due to the several storms with names that have hit Britain. Here in Suffolk things have been made worse as there has been great areas of land covered with new houses without any improvements in drainage. Rapid run-off of water from drives and estate roads that is dumped in the local sewerage system or the surface water drainage has caused flooding of local streams etc.

Mike Noc · 20th February 2024, 14:15

Well my renewal quote with Aviva was cheaper than last year - £197 compared to £202.

Happy days!

SteveThackery · 20th February 2024, 15:48

Yep, my vehicle insurances have shot up, too. The insurance companies claim it's because of inflation driving up costs: labour and parts.

Personally I'm convinced it is just cynical profiteering. They know they've got us by the balls because it's mandatory.

daveo138 · 20th February 2024, 16:47

Quote:

Originally Posted by SteveThackery

Personally I'm convinced it is just cynical profiteering.

You and me both.

I'm expecting my renewal quote any day now

Just reading an article in the Times of Malta. According to the Finance Minister, vehicle insurance premiums rose last year to €139,151,769 from €122,681,572 in 2022 (13.4%) and €114,861,402 in 2021 (6.8%). Apparently, the increase is being blamed on a projected increase in road accidents

and also other costs which could impact the cost of claims, such as inflation.

Gross claims in 2023 were €64,852,888 which were down from €69,368,300 in 2022. Claims in 2021 were €63,291,020.

It doesn't, however, mention the cost of premiums for this year.

gozo ken · 21st February 2024, 15:01

Although my insurance was quite reasonable at 110 euros in Gozo,Malta. It was the road tax that cost 876 euros that was hard to swallow, being a diesel auto' it was worked out on the emissions and age.

YHT · 26th February 2024, 17:52

I received a renewal notice and quote and searched the web for better deals. Found one some Â£40 cheaper and so went for it. The "old" insurer didnt respond to my request that they re-visit their quote but when renewal date happened (on Sunday) they went ahead and renewed it despite my having e mailed them.
Phoned up today and they said they didnt accept cancellation by e mail! (they accept taking out cover on the web so why not????) Anyway. They asked for proof that I had taken out cover with someone else, wanted to talk through my renewal terms with them to see if they could do it cheaper and said I could stil candle my new polcy with others and stay with them.
I didnt take them up o it cos if they cant do a competitive renewal without some 3/4 hr on the phone why waste my time. It was Hastings by the way who were the "old" broker/insurers. Will they try and sue if they see this??? watch this space.

5th February 2024, 11:08	#1
rab60bit Posted a thing or two Rover 75 Saloon & Tourer Join Date: Mar 2013 Location: Wilmslow Posts: 1,517 Thanks: 433 Thanked 301 Times in 212 Posts	Insurance renewal Just had my 4 weeks notice of the automatic renewal/quote. Not changed car, address, usage, not had any [recent] accidents ie circumstances unchanged in past 5/6 or so years. Not amended the policy in any way (which is fairly 'basic' comprehensive cover) and have 20 years NCB. it's previously been competitive despite increases which is why I've remained with the provider.....now gone up a whacking 75%! Overheads, (my bet is this service industry is one of those that is a sure thing 'work from home' candidate). Costs, well in our case even the slightest claim is a 95% cert. write-off so absolute tops £400 and Rover must be one of the shrinking vehicles populating our roads. Risk, perhaps due to my age, means the second party claim would be substantial (unless I hit another Rover!) and I do live in an area where high value car theft (in particular Land Rover) is well publicised but who would steal a 20 years old 75 (except for the cat!) Where do they get these charges from?

5th February 2024, 12:59	#4
Arctic Give to Learn Freelander 2 Join Date: Aug 2010 Location: West Midlands Posts: 18,740 Thanks: 1,155 Thanked 6,407 Times in 3,874 Posts	It's all a con the industry needs a massive shake up, but doubt it will ever happen because we just put up with it don't we. Another link below, my insurance doubled on both me FL2 https://www.the75andztclub.co.uk/for...d.php?t=326794 __________________ Arctic Givology Learn to Give Everything is Achievable ad altiora tendo. Check out our Nano meet dates http://www.midlandsnanomeets.co.uk/ http://www.the75andztclub.co.uk/index.php?thepage=howto " You do the work , we supply the expertise " Last edited by Arctic; 3rd April 2024 at 09:51..

20th February 2024, 15:48	#7
SteveThackery Avid contributor Rover 75 Connoisseur SE saloon, 2.5 KV6 automatic, 2002, White Gold Join Date: Oct 2023 Location: Nottingham Posts: 191 Thanks: 0 Thanked 0 Times in 0 Posts	Yep, my vehicle insurances have shot up, too. The insurance companies claim it's because of inflation driving up costs: labour and parts. Personally I'm convinced it is just cynical profiteering. They know they've got us by the balls because it's mandatory. __________________ If it ain't broke, keep fixing it until it is.

5th February 2024, 12:04	#3
daveo138 Gets stuck in Rover 75 Tourer Join Date: Mar 2022 Location: Chesterfield Posts: 686 Thanks: 206 Thanked 69 Times in 53 Posts	Your cat is a car thief?

5th February 2024, 16:38	#5
YHT Loves to post Rover 75 Saloon Join Date: Jun 2017 Location: suffolk Posts: 270 Thanks: 46 Thanked 25 Times in 23 Posts	Its probable that they are trying to recover money "splashed out" (no pun intended) on the additional costs of claims by folk who like to navigate their way through deep water due to the several storms with names that have hit Britain. Here in Suffolk things have been made worse as there has been great areas of land covered with new houses without any improvements in drainage. Rapid run-off of water from drives and estate roads that is dumped in the local sewerage system or the surface water drainage has caused flooding of local streams etc.

20th February 2024, 14:15	#6
Mike Noc This is my second home Rover 75 CDT Manual Connoisseur SE, Rover 75 CDT Automatic Connoisseur SE & a Freelander Td4. Join Date: Jul 2009 Location: Hampshire Posts: 11,559 Thanks: 3,470 Thanked 3,119 Times in 2,247 Posts	Well my renewal quote with Aviva was cheaper than last year - £197 compared to £202. Happy days!

21st February 2024, 15:01	#9
gozo ken Avid contributor R75 SALOON Join Date: Feb 2013 Location: Lincolnshire Posts: 226 Thanks: 20 Thanked 57 Times in 44 Posts	Although my insurance was quite reasonable at 110 euros in Gozo,Malta. It was the road tax that cost 876 euros that was hard to swallow, being a diesel auto' it was worked out on the emissions and age.

26th February 2024, 17:52	#10
YHT Loves to post Rover 75 Saloon Join Date: Jun 2017 Location: suffolk Posts: 270 Thanks: 46 Thanked 25 Times in 23 Posts	I received a renewal notice and quote and searched the web for better deals. Found one some Â£40 cheaper and so went for it. The "old" insurer didnt respond to my request that they re-visit their quote but when renewal date happened (on Sunday) they went ahead and renewed it despite my having e mailed them. Phoned up today and they said they didnt accept cancellation by e mail! (they accept taking out cover on the web so why not????) Anyway. They asked for proof that I had taken out cover with someone else, wanted to talk through my renewal terms with them to see if they could do it cheaper and said I could stil candle my new polcy with others and stay with them. I didnt take them up o it cos if they cant do a competitive renewal without some 3/4 hr on the phone why waste my time. It was Hastings by the way who were the "old" broker/insurers. Will they try and sue if they see this??? watch this space.