Car Insurance Up Again

Just been reading about the latest increase's in car insurance. The rise this year is going to be around £ 222.00 extra ,this is an increase of some 18% which is also the largest EVER price rise in one year! They alos report that the average insuranced driver now pays some £776 per annum , and that this particular bill now ranks third in the list of costs to a family budget with Mrgtgage /Council Tax/ Car Insurance NEXT!!
The reason or excuse for the huge rise they say is down to the PANDEMIC !!! I ask you the Pandemic ? but they go on to add that during that time there were hardly any cars on the road ,so less accidents , less income from premiums etc , so now they say levels are what they were pre-pandemic also with motorist's being involved with more crashes. My take on this would be if they are using the pandemic as an excuse ,well lets go back to pre-pandemic levels of cost to insure your car ???? just a thought , so to us all who drive dig a little bit deeper into your pocket 's oh and have a nice day!! G.B.

It is because it has become a lot more expensive for insurance companies to pay out claims to repair vehicles, because of global shortages of parts and materials which has driven up prices, so those extra costs have been passed on to the customer in the form of higher premiums, and loss adjusters are working overtime to refuse as many claims as they can, so when giving information for a quote, don't try and save a few bob, by giving false information, because they don't normally check the accuracy of the information which folk give them when asking for a quote, they only check the details when you make a claim, and if there is a discrepancy in the information you have provided to the insurance company, and they end up refusing your claim, then that few quid you save on your premium, won't be worth it if you lose thousands of pounds because of a refused claim.

I've told you till I'm sick and fed up .......

Do you know how a bookie makes money?
Get to know, then think about it!

Please sir?
Me....me....me....me
Is it cos.......he takes more money in, than he has to pay out?

Well, yes, principally. But how does he achieve that outcome?

Setting the odds, by deciding the likely outcome of a bet, and insurers judge the risk factor in any individual insurance proposal, and set the premium accordingly.

Kind of. However, they insure themselves, at a higher level, against a claim., like a bookie bets, at a higher level, against a win. It goes up the ladder to a central pot.
Well, that central pot must be feeling the pinch.
Yesterday, I got my renewal quote for one car I use for work, and it's gone up 110% since last year. And that's taking the piss !

Last year I insured my car with the AA for £428.30

This year they want me to pay £715.44

That is for fully comp, legal assistance and car hire, with four years no claims bonus, and I have not made a claim on my car insurance since 1985 and that accident was not my fault, in 1986 I had a bad accident when I hit a tree in a company car, nowt since, the thieving gits

Did that tree admit liability?

TTS

Martin Lewis, money saving expert, recommends getting alternative quotes 21 days before the expiry of you current insurance. The sweet spot, as he calls it, will get the lowest price then.

I had car insurance with the AA for many years, but stupidly I didn't bother to check what they were charging me monthly/yearly.

One year I received my renewal notice so I thought I'd just give it a quick peak, then renew again but, imagine my horror when I discovered they were charging me over £500 for the year on my SIXTEEN year old car.

Like Tommy, I was fully comp, etc and I'd never made a claim, never been in an accident but, if I'd written my car off, they perhaps would have given me £1000 at the very most to get another car.

So I changed over to Liverpool Victoria, then another, and back to Liverpool Victoria again, when I got my current car. Car insurance is crazily out of proportion these days, but those who don't bother with it and drive around uninsured is perhaps why premiums keep going up. It's not right, and it's not fair, but there's nowt we can do about it.

The yoof of today buy a cheap car and drive it uninsured and if they get stopped and the car is seized, pay the fine which is cheaper than the insurance and buy another bangor,,

Mollie,

Did you ever get a quote from Frizzles?

They used to offer very competitive rates to serving and former civil servants, with you being ex MOD.

I do not know if they still do that. No indication of it on their website.

(When I tried though, back in 1980's, my employer said their records were incomplete, and they could not confirm that I had worked for them, which I thought very odd.)

Ena:

I've never heard of Frizzles and, if that company is still in operation, it would be well worth it to at least enquire. I'll see if I can find out anything about it.

Change your Insurance at least every two years otherwise they'll rip you off and pile all their loses onto you.
The 'compare the market ' , type websites are essential and have saved me hundreds , if not thousands of pounds .

Not only has car insurance gone up but also house insurance ours has gone up by 24%