My insurance renewal is coming up and I was pleasantly surprised to find that my quote vs last year had quite literally halved. Yes, you read that right, halved. I'm rather curious to know why this is - I've been driving for 19 years, 11 years NC, no convictions, and the same car, mileage, address and occupation. I checked to see if there was some mistake, like changing comprehensive to a lower level of cover, or removal of an optional extra; but no, literally a straight renewal. The only clue was the mention of 'in line with the latest regulations' so I wonder if there has been some crackdown on price gouging, or else insurers are no longer spooked by the prospect of supply chain issues?
Siimo
'Age'?
Let me guess, you passed 55? this year?
'Click here if you are a boring old fart, and want a discount.'
Let me guess, you passed 55? this year?
'Click here if you are a boring old fart, and want a discount.'
Aviva Zero?
Mine was similar last week and i couldnt understand it! egolf went from 300 to 150 with the same terms.
Me and the wife insured, 37 and 39 YO
Mine was similar last week and i couldnt understand it! egolf went from 300 to 150 with the same terms.
Me and the wife insured, 37 and 39 YO
I'm with Aviva zero.
Have been a few times and always cheap- done a few car change quotes recently and had some surprisingly high quotes for what to me seems a lesser risk than the ID3.
Maybe a different kettle of fish than a renewal.
Have been a few times and always cheap- done a few car change quotes recently and had some surprisingly high quotes for what to me seems a lesser risk than the ID3.
Maybe a different kettle of fish than a renewal.
Price walking was banned in 2022. Reinsurance is now stable and cheaper.
Margins can no longer be harvested through inertia pricing, so the computer determines to maintain book size, underwriterbot decided to compress margins on clean risks. So you benefit if you drive a standard car for a long time with low risks
Margins can no longer be harvested through inertia pricing, so the computer determines to maintain book size, underwriterbot decided to compress margins on clean risks. So you benefit if you drive a standard car for a long time with low risks
Maybe long time customers have got fed up with the hikes and found someone else. I had been with LV with my ICE for a long time and then with my EV for three years and then they hiked the price unexpectedly so I walked off to Darwin. I went back to have a discussion with LV about the Darwin quote and they were prepared to come down a bit but not that much. So they've lost a long term customer who didn't make any claims. Perhaps customers walking is hitting their bottom line but I don't know that for sure. Good to hear that some sense is coming back.
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