Car insurance sees biggest price drop in six years
- Thread starter Havana_UK
- Start date
VW is a fancy Skoda; Audi is a fancy VW; Bugatti is just a fancy Audi?
Seems legit
Soldato
Last year I paid £511 for a 2014 M135i with 20 years no claims, no accidents or claims at all. This year they want £537. Went on comparison sites and a couple came in slightly cheaper, but when I looked at what I get with Admiral for the money, adding on the extras and matching the excesses, meant that Admiral even with the increase were cheapest.
For a laugh I also did an incognito window quote on Admiral and filled in all the details for my car, person and address correctly, but changed my name and the quote was almost 3 grand.
I hate insurance.
For a laugh I also did an incognito window quote on Admiral and filled in all the details for my car, person and address correctly, but changed my name and the quote was almost 3 grand.
I hate insurance.
Soldato
Mine has just gone from £259 to £199 for a Fiat 500 fully comp, with no actions from me, postal renewal quote. I was quite pleased.
Sometimes it just happens
with one vehicle I was doing the same, somewhat tight/difficult, manoeuvre through a gateway 100s of times in all weather, all lighting conditions - nailed it every single time. One day somehow I just brushed the post despite exactly following my tracks and muscle memory from previous times doing it.I imagine the autotrader advert being something along the lines of 'Brought to you by the same company who built the Buggati Chiron...."
(I mean they do that for movies, so why not cars!!)I used to pay £1,100 for a Ford KA, so paying around £500 for a 3.0litre Z4 doesn't seem too much to me nowadays. The Fabia is around £390, but that's with only 1 years NCB, and 1 accident declared, so not too bad overall. Note the accident is against the missus, and is also declared on the Z4's insurance against her name.
Depending on what name you enter, you might trigger compliance screening whereby some insurers might decline to quote, because you are considered a 'person of interest' i.e. on a terrorism register or whatever (insurance companies are ripe targets for money laundering). Although I'd hope most are using more than just name for that.
Soldato
I think I might have just used John Smith as the name and my spare email, but everything else was exactly the same, maybe I should have put next doors address and that I was looking to buy it.
Underboss
its nice and cheap now
ignoring my renewal price (as its higher than elsewhere)
Comparison sites im getting quotes around £210, Fully comp, paid annually, upto 10K / year ALL extras (except breakdown cover) over 10 years NCB and 22 years driving, £100 voluntary Excess
parked in public car park all day and On the road at my house overnight
went on Quidco insurance compare and its dropped even further AND £35 cashback!
£165 from all the big brands pretty much
just phoned my insurance company and what i did not realise , the renewal prices includes all extras, PLUS a few "extra" like extra courtesy car protection, and motor legal protection, so the renewal price is actually better than the others , first time that's ever happened
i did a quote with this company with it identical and it was £260 ! so they've dropped it by £35
Soldato
https://www.bbc.co.uk/news/business-57270415
Finally insurers will have to offer existing customers the same offers that new customer's would get. A step in the right direction.
Finally insurers will have to offer existing customers the same offers that new customer's would get. A step in the right direction.
yes looks good, from jan 2022; pity sky subscription tv not included, not sure about aa/roadside ?
So, cashback incentives are out, they can offer those toys, though
https://www.fca.org.uk/news/press-r...-loyalty-penalty-home-motor-insurance-markets
https://www.fca.org.uk/publication/policy/ps21-5.pdf
So, cashback incentives are out, they can offer those toys, though
https://www.fca.org.uk/news/press-r...-loyalty-penalty-home-motor-insurance-markets
https://www.fca.org.uk/publication/policy/ps21-5.pdf
Associate
Need the same on Broadband then we are set.
Man of Honour
All this will do is stop cheap deals for new customers and prices will actually increase.
This is what will happen.
What actually needs to happen is to crack down on all this data selling and BS personal injury claims. I got bumped from behind a couple of years ago, literally walking speed. Did a small amount of damage to my rear bumper which the other insurer (Tesco) dealt with.
But then Tesco sold MY data (they're not even my insurer) to about a million of these parasitic personally injury claims companies and for the next 18 months I was getting phone calls from them saying "£xxxx is set aside for you as a category C blah blah blah, all you have to do is claim it". Fix all of this **** and we'll see cheaper insurance.
will this ruling take out the compare market/Lewis type comparison sites - where, they are getting a commission for introducing particular insurers. ?
they'll have to offer the standard ongoing renewal cost, not a reduced switch deal with a cut for them.
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they'll have to offer the standard ongoing renewal cost, not a reduced switch deal with a cut for them.
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