Car Insurance Has Gone Nuts!!! Anything To Negate The increase?!

[@ElectricVehicleMan]

Link To Hello Fresh Discount: www.hellofresh.co.uk/ELECTRIC60 Get 60% off your 1st box + 25% off the next 2 months + free gifts!

[@azog23]

Something that happened to me years ago - my premium jumped up one year and I shopped around for a better deal. When I phoned up my original insurance company to stop the renewal they asked why and I told them I'd found a better deal. They instantly chopped a huge chunk off the renewal quote they'd given me. After that, every year I phoned them up when they sent their renewal notice and asked them to reduce the renewal quote and every year they gave me a better quote.

[@stuartjohnston1086]

Aye, always worth a phone call. It will save you money. I do this for every renewal.

[@grant_HH]

I had something similar with Halifax/bank of Scotland They used to offer something ridiculous like a 20-30% discount for new customers. but they don't tell you that until you call up and ask why your renewal is so high. Went elsewhere and went back the year after. Then the 2nd time they took the vastly inflated auto renewal even though I'd told them not to. plus had to make a claim in the 2nd year and the company they resold for at the time were an absolute ball ache to deal with.

[@martynmorris8160]

Insurance companies do not reward loyalty, always better to shop around each time.

[@mrfoameruk]

We bought a 2nd car a EV for local journeys.. I went online and found I could get it for about £450 on a comparison site. Churchill my provider had a message that said to call us for a better car discount for multicar insurance. When I did that after chatting with a rep the EV insurance was about £1200 so I just laught and told them it was cheaper online. So they said they would see what they could do. Minutes later we are down to £450. the only difference was this car did not allow me to drive other cars (which was not a problem as the 1st car did) and there was no fuel protection in case I filled up my car incorrectly... Very difficult as it was a EV. Insurance companies are just legal scammers.

[@theclotshotdidit3115]

Lol, just wait for your buildings insurance renewal, they are asking people if they have lithium bombs and if they charge it overnight, you might not be able to get house insurance with that thing outside, three words, Luton airport carpark!😂😂

[@mrfoameruk]

@@theclotshotdidit3115 Done a bit of research and it seems insurance companies don't care. Since a ICE car is 20 times more likely to catch fire, if they do change it because I have a EV it will most probably be to lower the cost....LOL. If you can find an actual report that says they do charge more or ban EVs point it out.

[@watcher24601]

​@@theclotshotdidit3115Smart phone, laptop tablet, hope you don't keep any of those indoors or charge them. Careful you don't fall of the edge of the earth or get vaccinated!

[@angrytigger83]

My car insurance up 40%, house insurance up 50%. None of which is shown in offical inflation numbers.

[@edc1569]

Pretty sure car and home insurance is in the RPI and CPI basket?

[@EgoShredder]

I expect more people will simply forgo having any insurance on anything, once it becomes obvious their finances can simply not stretch to afford it.

[@paultitmuss]

What the heck has Hello Fresh got to do with car insurance?

[@EgoShredder]

@@paultitmuss True, plus I would not touch them with a barge pole. People do not seem to care what goes in their bodies. Same goes for the Subway crap. My sister's partner took us in there, while he ordered for himself. The chemical stench coming from this so called fresh healthy food was stomach churning. I'll stick to homemade or better quality shop bought, rather than globalist takeaway/delivered shite.

[@mbak7801]

@@paultitmuss Everything they are a sponsor.

[@matthewjburt6482]

For the last 2 years I paid £200 fully comp with a London postcode. But this year my previous insurers wouldn't provide the broker a renewal quote and the cheapest they would give me was over £700. I've managed to get a quote from a different insurer for about £450. Absolute bonkers.

[@ianemery2925]

Last year (2020/21), my insurer tried to triple my insurance, from £300-odd to just over £1000; trying to phone them got "Computer says no", and "the best we can do is £940". Went to a comparison site, filled in all the details - and got the exact same cover for £340. Many insurers are RELYING on people being too lazy to shop around.

[@paulcolu]

My MG4 is insured with Saga. When I purchased the car in April I shopped around as usual and at the time Saga was the cheapest. I also had the option of taking out a 3 year fixed deal for a few pounds more. I am certainly glad that I took the fixed 3 year deal now looking at what people are being quoted.

[@triviabuff5682]

In January, a car driven by a person who "had drink taken" collided with my house causing much damage to the front. I'm still sorting it out, but last month, the house insurance renewal dropped on the mat. Last year £250. This year £518. I complained because I was not drunk and had not steered the house into the car - it wasn't my fault!. Shopped around, quotes came back up to £1000. None cheaper than the current provider.

[@CJMVector321190]

Happened to me also, was close to renewal so i had to stay. Car insurance tripled, trying to explain i was not in the car it was on my drive as bricks went flying. nope. Home insurance tripled also then struggled to get any. All because a drunk driver 70 mph in a 30 mph zone hit my wall, managed to throw 2ft square pillars 100ft. guess what they just got a fine and were driving again within a week. so how could they afford insurance? As an innocent party my insurance company did not chase just chose to screw me. so now i go for the cheapest to tick a box and save the rest as they are no help.

[@Lupinicus1664]

Incredibly annoying, I know, and it doesn't help when someone says: "It's a no claim bonus not a no blame bonus".

[@galloway9707]

You mentioned that you would not increase your excess by £100 to save £30 on your annual car insurance. To not do this only makes sense if the probability of a claim is really high - well over 25%. I personally would take that trade off and increase the excess, but each to their own.

[@Adeleisha]

With the huge increase in road rage incidents with very little provocation, probably to do with the dire straits the country and indeed the world is in right now, I wouldn’t take the chance. It’s other drivers you have to be worried about!

[@galloway9707]

Each to their own.

[@jimthornton2898]

I’ve been watching a lot of car salvage rebuild videos lately. It’s obviously true what you say about insurance companies writing off vehicles too easily judging by a lot of the newer vehicles I see on such videos. It’s also amazing how technical even relatively cheap vehicles are becoming now especially regarding multiple sensors and computer modules.Anyways it makes for interesting viewing, (even if it causes higher insurance premiums 😢). Salvage rebuilds uk is a great channel for such content.

[@carlarrowsmith]

They used to do lots more cheaper cars on SRUK, loads of Fiat 500s, Polos etc. I suspect they are looking at more expensive stuff to keep the channel interesting. Late brake show went to one of the largest dismantlers an apparently insurance repairs are using used parts now to cut the costs.

[@theclotshotdidit3115]

Close, when petrol or diesel cars are damaged they are fine parked next to each other. When an EV gets damaged, it needs a 15 metres exclusion zone incase it catches fire and explodes. The amount of EV's exploding, sinking cargo ships, burning down airport carparks etc it's to be expected. I never saw them using insurance to do it, tbf, I have been hearing a lot about insurance companies asking if you own a lithium bomb, and if they charge it overnight. Lol, you wait until people start getting building insurance ten times the current level, or when they stop insuring houses that have them 😂😂😂😂😂 Give it a year and try getting a life insurance quote after 8 EXPERIMENTAL MRNA GENE THERAPY INJECTIONS, lol, actually try getting Bupa too, it's going to be biblical, we are at the beginning of the longest,saddest, least satisfying, i told you so in history,author unknown

[@raywoodbridge445]

My car insurance has gone 40 percent ( 388 to 550 ), but I stayed with the same company because it was the best quote I found after shopping around. I must look for a 3year fixed quote next year, something I have just got on my Boiler insurance.

[@christianmungo2342]

Anyone would think it’s another way to remove cars from the road 😳😳??

[@elminster8149]

Working in the vehicle repair and accident management industry, I can confirm costs have sky rocketed.

[@CarolSteele]

As an older driver my insurance increased from just over £500 last year to £950 this year. If it increases by the same next year I will be forced to give up my car (a Kia Niro EV) - which I rely on due to breathing difficulties which means I cannot walk far and public transport where I live is not very good.

[@tf2694]

Sorry to hear that, I hope it goes down next year for you 👍

[@edc1569]

Since tesla deleted parking sensors claims have gone up, its going to get even worse once the indicator stalks are deleted, its a shame it also affects older teslas.

[@carlarrowsmith]

I'm sure you have some metrics for that, or did you just make it up?

[@ohhyesitsonlyme]

My home insurance renewal quote jumped 60%, so I went on line, got comparison quotes (some sites only allowed lower rebuild costs, contents costs etc), and came in more expensive than my existing insurers, so I will stick with them but speak with them to see if they can do better. In terms of cars, if you drive something expensive or performance oriented, then try specialist brokers, and membership clubs. As always, shopping around is key.

[@theclotshotdidit3115]

I guess admitting to owning an EV will do that. I wonder what my insurance would increase by if I stored a thousand gallons of petrol in the garage 😮, oh no I can't do that, IT'S ILLEGAL 😮😮 just like the lithium bombs should be

[@daves4026]

We had exactly the same. The industry is ripping people off seriously

[@davidlewis4399]

Not really EV's are expensive to buy expensive to replace and expensive to repair.

[@camilosheldonbarreto3986]

I'm was looking to get my first car and was quoted 3k - 4k for common hatchbacks, which is completely insane. The lowest I could get was 2900 for a certain model of Suzuki Swift. Also, an estate was cheaper to insure than these low-insurance group hatchbacks at just under 3k, maybe 2800

[@DolbyDogAdventures]

Had my renewal yesterday, last year £388, this year £757. Managed to find a price same as last year but had to increase my voluntary excess to bring the cost down.

[@eezawyrdo3052]

Biggest pain when comparing insurance of any kind is all the companies have different terms for virtually the same things. If they all got together and agreed on a list of names and terms for their products all we'd have to do is tick a few boxes instead of faffing about trying to read all the # * + ^ small print. Added extras are fine but just keep the basics the same.

[@bikeforever2016]

"If they got together then we could compare" Guess why they use different terms?

[@onlineo2263]

Our model X insurance went from £400 - £700 - £950. Cheapest on the 3 comparisons sites was over £2000 this year and over £1000 last year.

[@faze_ibr]

I’ve gone from paying £650 to £1690. This country is becoming Ridiculous

[@NorthernMonkeeUK]

My renewal in september came through at £1200 more than last year, shopping around got it down to just £120 more than last year (£480ish). Another car due in February, so we'll see what that comes in at! The best one is where you keep your car overnight - if I state mine is kept on the street, it's one price, say I keep it on the driveway, it goes up by £15, say I keep it in the garage it goes up by £40. You'd expect the opposite.

[@mozebyciowy]

Interesting..

[@electrofiction.]

Another tip. Get quotes on the day that you receive your renewal letter... you can come back to those quotes up to a week later on most occasions. The closer you get to your renewal date, the more urgent your need to get covered. Insurance companies know this and start to increase the premiums as you get closer to your renewal date. It pays to be organised.

[@999carpet]

my car insurance on a focus 1 litre has risen to 660 ... from 312 ... i was told by the company its mainly due to the risk of electric cars costing a fortune to repair or scrap after a bang

[@ElectricVehicleMan]

Utter tosh.

[@normanvickers2524]

Battery Electric Vehicles have suffered even worse it seems, with some insurers refusing to insure them or massively increasing their premiums. I have a Jaguar I Pace which I insured through Jaguar when new as they offered the best deal. They are no longer insuring new cars so I had to shop around this first renewal and the range of the premiums was crazy, from under £1000 to well over £3000 on identical terms. I ended up choosing SAGA as they offered the best price for what I wanted, but next year I’ll be looking again and not just automatically renewing!

[@kmartin73]

I had similar problems and went with SAGA

[@johnnyboy7459]

My EV insurance is due mid December so I decided to checkout the comparison websites. The lowest 2 quotes were slightly lower in price to what I pay Saga at the moment then I had a look at My Saga and my renewal quote was there and it was £140 cheaper than last year. it now compares to the lowest quotes I found so I will probably stay with Saga and save myself the hassle. The underwriter is LV and the lowest quotes were LV and Nash.

[@spikemears5484]

Good luck dealing with Saga if you have a problem , they are without a doubt the worst insurance company I have ever dealt with!

[@leesmith9299]

another tip - if you have very long years no claims (i had 19 years) the renewal tends to only say "9 or over" or something like that. i put in the actual number of years i had not claimed for when using comparison sites. it got me better quotes. i rang up the company to double check what i did was ok. told them my renewal just says "9 or more" and they said that's ok our system can see that you've had 19 claim free years so you get this price. words to that effect anyway. really weird that the renewal quotes can only count up to 9. silly system.

[@JamesEdwards860]

The maximum discount most companies give is 9 years. So whether you’ve got 9 years or 20, you’ll get the same discount.

[@leesmith9299]

@@JamesEdwards860 not true. I tested it on a comparison site. The best quote I got improved by about £30. I used to put 9 years because that's what it says on my renewal but I knew I had a lot more so I tried it out. I then rang up the best quote and talked it through. Told the lady I had I think it was 19 years at the time but the renewal says 9 or more and she says that's fine and could confirm the number of years with their database.

[@leesmith9299]

@@JamesEdwards860 i replied quickly this morning not paying much attention. i can now see that i said all this in the original comment. why don't you believe what i told you? i literally said it saved me money and you've ignored that and basically called me a liar. i actually did save money. if you go to your one insurance company i'm sure lots of them don't care about the extra 10 years no claims but on a comparison site you might get the ones that do care giving you better deals. i'm sure in some cases it won't help but why not try it just in case like me you save a bit.

[@annamcleod9699]

Business use car fully comp was £600 last year. Renewal quote £1680, negotiated to £1540. Shopped around £980. Still not happy.

[@michaeledwards8079]

have premiums increased because more people are driving EV's which are more expensive to repair as a lot of companies are writing them off because the battery could be compromised, also there have been a few EV fires, one near my sister in law that seriously damaged the house and will cost hundreds of thousands of pounds to put right, on top of that the insurance industry lost money last year so have to recoup that and car prices have gone up, wage costs have gone up, it's called inflation

[@happysporran]

Good video. My Peugeot 208 cost went up 50% from £200 to £300. Outraged, I shopped around only to find it was still the cheapest quote by £100! ... YEP prices are nuts.

[@malcolmcowan9554]

Wish mines was 300 quid

[@EverydayLife621]

2 cars, similar T-Roc £26k & £26k MG4, Last year T-Roc £160, MG4 £350, this year T-Roc £180, MG4 £700, both with SAGA. My limited understanding is that the repair / salvage market are not geared up for EV's. Hence they get written off with very minor damage (I was a video on Kev Tee - Charles Trent YT channel with loads of EV's scrapped with very minor damage). Similar our daughter is just about to start driving, solution = salary sacrifice lease car, as with my work we can have any 4 drivers for an all inclusive price for everything (except electric charging) around £350 for a mini, £400 MG4, £500 ID Buzz / month.

[@niceboy60]

It was inevitable 😢 some Evs are faster than Porsches & Ferraris and if the battery is scrashed the repairs can be more expensive than any ice car, there is also the risk of fire which is off the Chart an EV crashed in the U.S they close 6 lanes of Traffic for 9 days no Garage Want it, no Towing company wanted anything to do with it in case it reignites and affects everything around

[@alanrichards1714]

My Model S went from £300 to £600 in May 2023 with Direct Line. (Other companies are available). Couldn't understand I actually thought I was being ripped off. I shopped around and they were my cheapest available at the time.

[@malcolmfowler8972]

Similar experience for me. Renewed my Renault Zoe insurance a couple of weeks ago. 39% increase in price.

[@robblake8999]

Regarding buying insurance for a new driver or learner: I learnt to drive at 17 two years ago. Learner driver insurance isn't too bad, but young driver insurance is. Because my parents let me use their city runabout, I have Marmalade's pay as you go black box insurance. It's an additional policy to theirs, and they're not affected if I crash. I paid £200 up front for the first 500 miles, and about 20p per mile after that. Because I don't drive much, this has been much cheaper (the breakeven point was about 4000 miles, and I only drive socially). The black box score can reduce the per mile rate too if you're happy to go around corners slowly. Would highly recommend!!

[@paulnewman9275]

My Duster insurance has hone down ( £175 pa) about 15% , my classic Jaguar insurance is peanuts (£140) and my motorbike insurance has halved in the last year ....I think it all depends on your circumstances and what your are insuring as always ..... My sons Tesla 3 had gone up 40 % to over £4.5k

[@chrisrichmond403]

For my Nissan Leaf 2015 Tekna £181.29 Protected no claims , When i changed over to my 2020 VW ID.3 1st Edition it took it just over £200. All these are for the whole policy fully paid. I live on the Isle Of Man & Insure with a broker who is based on the island as well.

[@keepitreal1547]

Mine was £475 last year. This years renewal quote is just over £1000 & thats shopping around. Been told theres been a 30% increase across the board, plus crime rates, insurance claims play a huge part in increases.

[@ISuperTed]

Depends a lot on where you live and your history still. I’ve been thinking about getting a Model Y and have looked at insurance quotes on the usual sites and TBH it’s not that bad (£600 ish). Saying that I’m mid 50’s with maximum no claims and live in a rural village. I know a friend who lives in the nearest city to me who has similar history (not quite as good) who’s been quoted over £1,000.

[@azog23]

When it comes to mileage that you say you'll be doing, try reducing it by 1 mile. Years ago in a motorcycle magazine some insurer said that the thresholds are on round numbers. So 10000 miles would be a higher band than 9999.

[@stuartjohnston1086]

All good points in the video, to get the insurance less expensive as possible. One tip I have is to phone them up and threaten to cancel, unless they can do something about the price. They do have discretionary discounts they can offer. It's always worth a phone call. My record so far is £119 discount for a 5 min phone call, on a £350 policy. (before the discount) :)

[@flatsquirrel]

My insurance went from £210 for a 99 mazda mx5 to £870 for this year's renewal... I'm 48, never had a claim on my car insurance in 30 years, except for a windscreen for and old 73 vw camper around 12 years ago.... Changed to a different insurer, but it is still twice as much, now £420

[@AdamAugustPhoto]

Few years ago i added my mum to my policy because i knew she was going to be driving my car for a week that year & thought it would be better then her using her 3rd party cover from her insurance. It took £250 off my policy price. Done it ever since

[@kristaylor92]

My insurance was £440 last year and I'm now getting the cheapest of £1200. No claims or anything. As much as an insurance company is there to make money, anything that you legally have to have to use should be governed more strictly. MOT's for example have a maximum test price limit. Obviously everyone's circumstances are different and should reflect that, but an affordable premium still should be available. 3rd party only often is about the same price as fully comp, so offers no real incentive to go with it, yet that is the basic legal cover you need. However if 3rd party was cheaper, I believe more drivers would drive more sensibly knowing full well if they cause an accident they have no cover for their vehicle.

[@kbbg00141]

So I had a renewal quote. Last year had catalytic converter stolen and my insurance went to £650. Then last year third party swiped my car on the wrong side of the road recorded by an off duty police officer. All details sent to insurer (that was January). My insurance renewal quote was £1700. Hastings haven’t even bothered to contact the police to view the footage. What’s the point?

[@hufforguk]

Keep the legal cover ticked! If things go really sideways, it could be worth it's weight in gold.

[@johnh9449]

Mine went up by 120%. All the comparison sites were more expensive including my own insurance company in their lists, making the renewal the cheapest. It's almost as if there's some cartel conspiracy going on 🤔 By the way, legal cover can be very useful. I had a raised manhole in roadworks wipe out my sump. The council blamed their subcontractor and they blamed their sub contractor. After months of my legal cover solicitors chasing it eventually went to court. My defence team were there along with one from the council and each of the two sub contractors. They all blamed each other and me. The judge found in my favour from the video evidence I supplied of other cars clouting the manhole and my repairs were paid in full. That would have been a nightmare to sort out on my own and I was so glad for the legal cover to do the donkey work and chasing.

[@watcher24601]

House insurance went up by £100, quick phone call to get it down to a £10 increase. Car insurance increased by 70% a dozen quotes later and a comparison site and only one quote was any less. Many were even higher! Was £360, some insurers wanted £850! Car hasn't changed, I still have over a decade of no claims but the insurance algorithm thinks I am 22 again. In the end shopping around just got it down to a 40% increase on last year.

[@QALibrary]

All this price rise with insurance it will end with more and more people not getting insurance or find ways around it or even not bothering getting a car

[@AurumUsagi]

Mine jumped from around £260/year on my previous car (a Suzuki Swift) to around £640/year on my new Nissan Leaf, which I bought in May this year, even though it was the cheapest I can find. Though the increase wasn't helped by the fact I had to claim for a rear-end I've had last year in my old car, which wasn't my fault; it was when I was pulling in to let an ambulance in the opposite direction take the corner at high speed, and despite signalling that I was pulling in, the driver slammed his brakes too late and hit me from behind. I've had 8 years NCBs, been driving since 2008 (I'm 32), and never had any run-ins with the law at all. The issue is that insurance in the UK has become grossly inflated compared to on the Continent, and even though there are challenges there as well, it's nothing compared to the situation we have. Ironically, I got my renewal quote from a subsidiary of AXA, a French insurance giant.

[@maxyrox123]

insurance for a car priced 3k was 1.2k last year then shot up to 2.4k this year. shopped around to get cheapest at 1.5k this year. If I check a quote for Tesla it shows 5000 pounds but for my friend its 1200 and he seems to be crying for that. Too many variables to understand how the pricing goes up and down for different people in the same location

[@morrismckinnon6047]

My insurance wanted to write my car off a few weeks back after someone rear ended me, it wasn't a bad hit but it did need a new boot and bumper. They wanted pictures of the damage, which I sent, they then cancelled my insurance because my air filter was missing! ..they said it was a modification? They won't re-insure me now because they say I lied about my car. I didn't even know it was missing. Also, they must have contacted other insurance companies because they have that information and they too won't insure me, WTF? I've never experienced this before. I need my car for work, if I can't find insurance soon I'll lose my job.

[@RandomNoob]

Someone speeding ran into mine a few month back (9 month old), after a load of messing about the insurance finally wrote it off and paid out and it was sold on copart 15th September and checking the registration now it is already taxed and insured again so presumably fixed privately and already back on the road. The damage wasn't all that bad either the other car only caught the front end as I was just about to pull out of a junction and still drove with no errors on the dsplay and no airbags went off. Just not looking forward to my insurance renewal now though it was previously about £800 and getting quotes now for roughly 20 days time is showing around £2500 but that could change as its not due for actual renewal until mid december.

[@alanjrobertson]

Same here, up over 50% for my Model 3 - over £800 with years of NCB, no points or claims, etc! For the first time ever no cheaper prices from any other providers too!

[@tpottrell]

My renewal this year (10+ years NCB, over 25, married etc) on a 2020 Ioniq EV came in at £580, compared to £285 the previous year... I called them straight up the person on the phone quoted £320 which I accepted. Suspect they're just trying to get more money from people who either don't care or can't be bothered to challenge or switch.!

[@InBodWeTrust]

Mine was ~£365 (pro-rata - Admiral multicover so the new car insurance wasn't a full year) last year ... the renewal was ~£590. After doing a Meerkat I got it down to ~£360 with Aviva Zero, so back to parity.

[@jabberwockytdi8901]

I always end up sticking with Admiral because for multiple cars they are cheapest, but you have to check on comparison sites car by car and then phone and haggle, and then haggle some more.

[@InBodWeTrust]

@@jabberwockytdi8901 I did haggle, but the cheapest they would come down to was ~£440 🤷‍♂ (Multicover was for home plus my new car, which I got last November, so cover ended at the end of May in line with the home insurance. We still have home insurance with Admiral).

[@Neofolis]

They had a segment on car insurance increases on BBC Breakfast a couple of days ago. They said renewals for petrol/diesel cars had gone up by 15-20% on average, while electric cars had gone up by 70%. The reason they claimed was that repairs on electric cars are generally far more expensive. Whilst there are a few things that can be very expensive, there are many less things that can go wrong with electric cars and the few things that are expensive very rarely go wrong, so this seems like a somewhat illegitimate reason for such a price hike. My renewal was in July and it hadn't increased that much over the previous year, but another thing to consider is that the value of used electric cars has plummeted over the past 18 months, which should reduce premiums or counteract some of the increase at least.

[@simonwill68]

Another factor is parts availability so if your gets damaged and your insurance get you a hire car while yours is being repaired it can take up to 6 months to get the parts , in the mean time your insurance is paying for a hire car ££

[@EddieGriffith2802]

I've had my Tesla Mode 3 Performance for over 4 years now. Here's what insurance has cost me over that time: First year 2019: £339.24 (LV) Second year 2020: £366.24 (Churchill) Third year 2021: £362.20 (Churchill) Fourth year 2022: £356.72 (Churchill) Fifth year 2023: £551.87 (Churchill) I'm not a high mileage driver so insurance now works out at about 13.8 pence per mile for me. That's about 3 times what it costs me in electricity per mile!

[@stevepettifer4896]

Don't have an EV, but my renewal just came up and went from 180 quid fully comp, protected NCB etc to 280 quid. The wife went from 160 quid to almost 400 (albeit she got rid of her 2006 Focus 1.6 for a 2012 Focus 1.6). The usual shopping around got me down to about 200 quid (after 45 cashback using Quidco Compare - won't get that for about 6 months though) and the wife was also around 200 quid after cashback. It's the same almost every year. Apparently insurers claim increased costs of labour and parts. I'm sure there has been some increase, everything has after all, but it just feels like gouging at this point when you can shop around and get it for less.

[@downtoearth1950]

Same in Australia, house, contents & vehicle insurance have all massively jumped in Premium and have reduced coverage and slowed claims for payment. The companies have also refused to cover houses in potential bushfire areas, also potential flood areas can no longer obtain insurance unless assessed with many being rejected and the remaining facing monsterous premiums....in some flood areas the government is buying homes at rediculisly low prices.

[@TC-V8]

In 1998 when I was looking at getting my first car they used to offer 2 years free insurance on some new cars - so I went for a brand new Saxo for £240 a month total which was cheaper than just my insurance on a banger! Handed it back after 2 years. Most of my mates also did the same deal, and quite a few crashed! So don't think they offer free insurance on new cars - at least to 17-18year olds!

[@mistercutts]

Same here! Just got mine today, from £456 to £741. Same car (a year older) and circumstances, and same swearing reaction. Company wouldn't reduce, it took the 4th comparison site to get a quote below £600..

[@mozebyciowy]

It is all accordingly to 'you'll have nothing and you'll be happy'. How no one talks about it? I was just quoted 60% more than last year despite no change in my circumstances. I asked for expalnation - first reason was - decline in car park availibility around the world. Really?

[@andyjdhurley]

I was astonished a few weeks ago when I wanted to add someone to my daughters car for a week - a temporary named driver. We have a multicar policy for our family which seems to work out best value (4 cars, 4 drivers, 2 addresses) but they simply refused to add a temporary driver because the time ran across the renewal period (I had already agreed to renew). Instead we had to get a 3rd party cover for this friend who was house sitting and needed the use of the car and they charged £150 for 10 days, I was expecting £20 or similar but I have always done it through the main policy in the past. That's probably more than the value of the car in this case but I guess it's the 3rd party liabilities that cost £££.

[@ingatestone100]

So on that note not having a multi car policy which i have not , a current policy-cost me £6.00 to Add a relative to cover them for 14 Days . Insurance is like most things it’s what suites the person / Family at that point in time . And shopping around is a pain in the A… but it can be done.

[@duncanbuchanan218]

I had multicar, never again. Cost my daughter no claims because they stuffed up the names... it is so easy to make a mistake - NEVER EVER DO MULTI insurance. Its all their way

[@duncanbuchanan218]

My house insurance (buildings and contents) has gone up by just under 70%. No claims. Nothing really different, still live in the same house... just 70% more. Shopped around and guess what, I can save 5/8th of sod all. Clearly insurance companies have done some re-assesment of risk profiles all at the same time...

[@steviec1871]

My renewal notice earlier this year increased by about £160..included was a note saying do not contact us regarding this quote it will not be reduced..I did and it wasn’t..

[@sdm197]

1. Shop Around. 2. Limit mileage or check mileage requirement is accurate. 3. Job Title 4. Raise Excess 5. Courtesy Car is it needed? 6. Add a named driver, can sometimes reduce premium

[@elminster8149]

Exactly what I did, ended up with it being cheaper than the renewal quote. And if you're a bloke don't be picky about using companies like Sheila's wheels (like I did)

[@RichardASlack]

Been with a company that has a red telephone for 32 years - always worked out cheapest plus two cars and house insured so good discounts. This year, car 1 went from £280 to £515 - no discount available - now with another provider for £215. House went up by similar % so now with another provider. In March my car insurance will almost certainly move as well as we no longer have multi-policy benefits. ☎️ are simply pricing themselves out of business! (Also hope that my 12yo diesel Mondeo will morph into an Enyaq before renewal time!!🎉)

[@roberthuntley1090]

I assume that your referring to an electric car? There have been a lot of news articles/videos recently indicating that the insurance industry seems to be pricing EVs out of the market. As an example, a guy with a Tesla reported that his insurer (John Lewis) refused to renew his cover, and he was forced to pay £5k instead of £2k to get cover elsewhere. If that trend is true and continued, it will kill the move to EVs off before its gets started. I believe that apart from the reasons you mentioned, the claimed trend to write off accident damaged cars because the battery safety can't be easily assured is one reason, not to mention the shortage of scrap/repair yards where a suspect car can be stored 15 metres away from other vehicles (as recommended by gov.uk). Another was that Tesla cars weren't build with ease of repair in mind, and that there is a shortage of engineers qualified to repair on high voltage systems, the need for bespoke test equipment unique to each manufacturer and so on. All in all looks pretty gloomy.

[@ingatestone100]

It was not specific too EV both my Skoda Fabia & Ford focus plus House insurance have gone up .

[@EverydayLife621]

Exactly - Tesla started this with not allowing salvage cars to DC charge (they disabled it over the air) - the problem was it wasn't only to their supercharger network, it was to any DC rapid charger, which has resulted in zero resale values for salvage EV's (plus all the above), but importantly inflated values for cat B cars (which only licenced breakers could purchase) - it will resolve (maybe - banks overdraft still at 40% fee, Electric companies etc. (Octopus aside)) hopefully - its all down to poor / weak regulation.

[@EgoShredder]

I hear John Lewis are struggling as a company at the moment, due to employing an incompetent chairman the last few years. So that may be another reason why regards car insurance prices.

[@roberthuntley1090]

@@ingatestone100 So did mine, but if you search recent news stories normal cars went up by ~30% as compared to EVs which went up by 70% or more.

[@roberthuntley1090]

Perhaps the government could help by scrapping the insurance premium tax (12%) on EVs. Otherwise, they will probably lose more money through reduced VAT if everyone buys cheaper conventional cars instead.

[@philiptaylor7902]

Great suggestions. Insurance up about 25% this year. Shopping around there weren’t any great deals so stuck with current insurer.

[@kmartin73]

so i had an initial quote for my MG5, through the meerkats of £565 from Carol Nash i then went onto complete the deal only see the price had changed!! became £1,018.55p per month!!! £12,440.45p!! some how i don't think she wanted my business.can't paste the original quote here but it's true. Unbelievable what is going on.

[@OracsRevenge]

I always go through comparison sites via one of the cashback companies and usually manage another £50 off, although double check going directly to the comparison sites to make sure they aren't artificially raising the price and then giving it back to you again.

[@stepheng8779]

I've done that for years through topcashback, saved a lot. Until last year, still waiting for my money. Don't use anything associated with money supermarket, they don't pay out, ignore your emails & topcashback aren't any help.

[@glennlambert5112]

My ASX went from £210. To £326. I looked everywhere and can't get it cheaper. With Tesla bodies now being giga cast and other manufacturers following they will be even more difficult to repair. Hence prices will increase more as more cars are just written off.

[@Tom55data]

No that is wrong. Tesla provide cut outs and parts for the giga casting and if you bend the frame in any car it is expensive. The main issue with tesla is the cars are aluminium which is difficult to weld, and aluminium cars are more expensive to insure. The worst is carbon fibre as it cannot be repaired.

[@brendanpells912]

My insurance is up 38% this year, for a regular diesel car. EVs present different hazards and risks which are starting to become apparent to insurance companies and they are increasing premiums to cover these risks. The main one, of course, is the battery fire risk and the liability for consequential damages which may far exceed loss of the vehicle itself. There is also the additional cost of storing EVs awaiting repair and appraisal (15m cordon) around them, and lack of parts to repair them meaning the costs of providing a courtesy car goes up. The biggest thing car makers can do is to make replacement batteries at a much lower cost, maybe 20% of current prices, and then insurance companies can insist on batteries being replaced rather than writing off the vehicle because the battery cost makes it unecononic to repair.

[@HangingShoes]

Remember to try with more and zero excess. I've had a quote go down when i lowered the excess to zero. It made no logical sense, probably a messed up algorithm. Worth a try.

[@dalroth10]

Another excellent video, full of good suggestions as to how a driver should go about getting the best deal they can on their car insurance. Your point about insurers costs having gone up is valid but I'm pretty sure some companies are using this as a convenient excuse to hike their prices and improve their profits. I renewed the insurance on my 2021 Hyundai Kona EV in May and the renewal quote had gone up, but only by about 5%. From an insurance point of view my age and accumulated no-claims discount helps keep the costs down. When I added my wife, who is the same age as me, to the policy it lowered the quote by just over 5%, so in fact it has reduced! 🙂 As you say, it's essential to shop around and always remember the Latin phrase; "caveat emptor" (let the buyer beware)

[@BrassToff]

My old Landy cost me £280 fully comp this year. My total running costs, including MOT, insurance, tax, service and fuel, are about £1300 a year (and one big bill of £900 in 2014). I've had the car for 10 years so I reckon that the total purchase price plus running costs has exceeded the current value of the car by about £5,000. I think that's very cheap private motoring. Even if the car was now worth nothing, it's still cheap private motoring.

[@UK_Goldies]

I got a Tesla M3 three weeks ago to replace a 9+yo VW Passat Estate and researched insurance before going ahead. My VW insurance with courtesy car, protected NCD, £600 excess was £211 fully comp with almost 6 months to run. Comparison sites suggested I would be looking at around £650 if taken out on the Tesla now for 12 months. Updated my online policy with the new vehicle and was braced for the increase in my premium and it came out as .......... 11p. Was quite taken aback by how little, however I had a personal reg number bought for my birthday almost a year ago and then put that onto the Tesla, updated this online and the insurance company charged me just over £35 for doing this. I really fail to understand the logic that their systems are using however I appreciate a very substantial increase has only been kicked down the road temporarily until my March renewal date !

[@madmax1412]

I'm from Australia. My car is a 2011 Kia Sportage. Premiums are after a 20% loyalty discount (for being with them for years) and 65% No Claim Bonus. Agreed value is $18,800. Excess is $695. For Comprehensive Insurance my monthly premium is $151.43. If I pay an annual lump sum, I would save some money - not much though. Imagine the cost without the discounts.

[@DarrenWhittington]

It’s the fault of the garages, they know that most have to cover the price of the first £500 so that’s where they start irrespective of the real cost. I got a quote for £250 for a small bit of body work from a backstreet repairer where the insurance recommended shop quoted £500+

[@richo4447]

Good advice, but unfortunately I have been doing this for 10 years plus. Even with all of this my quote has gone up 40% to the point my renewal price was the cheapest quote I could find.

[@michaeledwards8079]

I have just received an email from my insurer, one of the biggest out there, I'm sorry we cannot renew your insurance as our underwriting rules have changed, I started shopping around a week ago being 28 days before it is due for renewal and the number of insurers that will not insure my Ora Funky cat far outweigh those that will and the premiums have gone up by 10% in a week, the car I had 3 years ago, a mercedes B class cost £274 a year, my ORA is 3 times that, WHY

[@FlyingFun.]

I'm looking at buying a used car and I see soooo many that are write offs being resold, a lot of them are just cosmetic and quite touch up with a paint pen would be all thats needed ( or just leave the scratch lol ) and right back on the road no problem. I had a car written off years ago with a tiny scratch on the rear bumper, insurance gave me more than the book price as compensation and then sold the car back to me for £50, oh and they also paid out twice that for whiplash claim from my wife ( she was not going to claim for that but they actually encouraged her to do it! They do not care to actually do anything apart from move money around, obviously this drives up insurance costs. My daughter is thinking about learning to drive and there is no way she could actually afford the insurance so what's the point ? She might get use of a company car I suppose at some point...

[@martinday2815]

Just like changing mobile phone providers, there should a code we can get from our current insurance company that can be entered on other insurance sites to make it easier otherwise its the hassle of entering the same info every time. Then there is Insurance Premium Tax.

[@robsmith1a]

Mine has gone from £209 to £295 for my ten year old SLK,. I was quoted £600 for a Peugeot 208 GT though so I'm sticking with my car ( especially given the 5% interest currently available on cash deposited in the bank). I found that other companies were pretty much the same price - almost like a cartel. At least my insurance is still fairly cheap because I'm a low mileage old git - can't be fun if you are young. think there are going to be more cases of people deciding the fine is worth the risk of not being insured. All good advice on your behalf.

[@davidrunnalls3039]

Yes, its not just cars it's house insurance as well, 50 percent increase in house so moved insurer's and paid less than last year for similar cover. Car insurance more difficult, in the end stayed with the same company, as I hope to change the car part way through year and will look for cheapest then.

[@Jackthesmilingblack]

Britisher pals: consider this insurance solution. Make the MoT two years instead of one and include a scrapping charge. Include Road Traffic Act insurance in the MoT, so with owner's permission, anyone one can drive any car any time. This will make fully comp insurance far cheaper. However, the smart money will take the last owner route. Namely, when expensive repairs/servicing fall due, you scrap and replace. You're welcome. Jack, the Japan Alps Brit

[@stuartjohnston1086]

One tip, if you have multiple policies is to get separate legal cover. I have 3 policies, 2 car and 1 motorcycle. Independent legal cover is £35 per year, which is less than the 3 add on options.

[@djtaylorutube]

Great tip Stuart! That's not something that I had considered as an option and with five cars, I always find that addition somewhat grating.👍

[@ronrobson4042]

If you 're a member of a union you make have legal protection included in your membership already, therefore you don't need to pay for it again when you buy your car insurance. I used mine when I was crashed into by a drug-driver and the solicitors were very good.

[@davidsteele3037]

Did you mention that you must shop around? Just renewed my policy. Last year was £332.04 and this year was £595.24. This was the cheapest I could get. To be fair I dented the bumper slipping on ice last March. The repair cost was over £6k.

[@Barmarcbiker]

So in essence no claims bonus isn’t worth the paper it’s written on. Insurance companies are now going to encourage drivers not to pay for insurance as they are making it too expensive. Someone stated it’s part of the greed factor and I have to agree. Police are going to be busy with their anpr systems.

[@charlesholder8009]

As a retired person on a fixed income this August my car insurance went up from £300 to over £516. I did a like-for-like comparison with every insurance provider and comparison site and £516 was the cheapest, some were over £600. Am I paying for all the EVs bursting into flames and needing extra precautions for accident damage? 🤡

[@Yorkshireasaurus]

Nothing to do with EV’s, more ICE car’s catch fire but that’s still not the issue. It’s all these retired people still driving who don’t know when to give up their licenses that’s driving up our insurance?

[@charlesholder8009]

In 40 years I have not been in an accident. Seen hundreds though🤣

[@EgoShredder]

@@charlesholder8009 You're lucky. One occasion I was approaching the left turn for my street, when another driver with his whole family onboard, reversed with his foot to the floor out of a side road to my right, crossing both lanes to reach me, and smashed into my car front wing. A split second later and I would have been seriously injured due to the poor construction quality of my Ford Escort 1.3L (5 yrs old at the time). Anything can happen at any moment, and not always avoidable.

[@georgedaville4662]

Great video, a tip from a famous broadcaster on finance matters is to get your quotes at 21 days before your renewal date! It seems that as you approach your renewal date the price increases !!!!

[@milaavl]

Got a new (used) MG ZS and wanted to insure it without removing the issuance from my old LEAF. Quote came back over £600 instead of the £230 we paid on the other cars. Had to remove the LEAF from the insurance :/

[@Tom55data]

Insurance companies used to operate as banks, using your money to make money market dealing. The financial issues of bonds and rates now have made this impossible, so Insurance is done at cost plus a bit of gouging. There is also the spare part problem that affects all cars. That is the main change. It affects all Insurance and all car fuel types.

[@SteveN-pw4dj]

Insurance companies are now starting to have to payout for repairs to EV's and realising those repair costs are a lot more than for ICE cars. I have 5 petrol and diesel cars and premiums only increased about 5-10 percent after shopping around.... So inflation.

[@SWR112]

Is this for EV’s or just everyone. My insurance for my MINI is roughly £230 fully comp. I looked at model 3 and they wanted £890. 20 years no claim bonus but this was a year or so back.

[@werewolf195]

A few years ago I went on line to check my insurance which was due according to the insurance company. Then told them I had had a lower quote for same cover? They said that they couldn’t match it. Then they asked me who it was with, I replied your company 😮 they still said they couldn’t match it , so I went for a new policy with the same company 😂

[@jamesblair4709]

My electric van was 320 last year, this year its renewal came in at 1140!😮 the cheapest I could find was 788. Which is still nearly 250% increase, it still better than 350%. It’s a joke!

[@keithgeorge7338]

LV provided 10% discount on both policies, because we have 2 policies with them.