Hi I’ve had a black box for my first yr I’m 41 and my insurance has doubled, was paying 64 month had a named driver etc nothings changed and now I’m getting quotes for 150 etc month have a 1.2 corsa 2009 it this correct ?
50% increase for me this year. Even the comparison sites were only good for 20 quid or so. Everyone is on the bandwagon an there is nothing we can do about it.
I’m 69 years old and drive an ND MX5 , my premium rocketed to £175 so I decided to get my kids on it , they are 24 and 26 with no claims of their own , cheapest quote was £ 2269 . 00
You are spot on , I have received my renewal notice for my BMW I4 M50 and it is £852.17 with the AA, I paid £353.09 last year. Compere the Market came up with best price of £720 with Admiral who I won't use and will probably use SAGA for £762.25. I already have a Saab convertible insured with them and will ask for a discount. My insurance for a Mercedes A45 is due on the 16th November and I only paid £281.91 with L.V. last year . I will try quote zone. Thanks Alan.
Thanks for the info. I was wondering why recent renewal quote had gone up by £120 this year. I couldn’t understand when I tried to get quote on a much newer and higher spec car I’m try thinking on buying came out cheaper than my existing car - All a bit bizarre.
Yep, they certainly have gotten crazy, i was at my broker this morning, questioning my renewal, he said huge rises across the board, i did have a search elsewhere, but couldn't find a better deal anywhere than my broker offered with my existing company
Hi Jim I would love to know your background - I find you very down to earth and love your approach - one of those blokes who will always be successful - because you're a grafter - (takes one to know one - 71 years old and still working! 🤣
I can’t help feeling that my increase of 50% is partly down to new car prices going mental and silly hybrid and electric cars being costly to repair. That’s not fair when I have a 8 year old diesel
Just checked mine and it's exactly the same as it was 6 months ago (fingers crossed nothing changes in the next 6 months and I increased the voluntary excess, plus I've moved to Oxfordshire from London)
When I got our first car in March 2022 after passing my test in 11/2021 aged 53 for a £3k 2003 2.0 petrol auto Honda CR-V insurance group 28 it cost me £949 fully comp (with elephant) This year after comparing the market I got it this year for £830 with 1 year no claims with Aviva Zero (inc RAC National breakdown where it takes you home and drops your car off at designated garage anywhere in U.K.) This year has been very hectic and we racked up a lot of miles (only put down 10k on the policy) so we rung Aviva up and asked how much for an extra 2k miles and they said £13. Wow, I was half expecting a three figure sum 😂 But we’re looking at a newer car like the Lexus CT200 mainly because of the great MPG and £0 road tax, but on completing a quote it said £1,400 was the cheapest. Think I’ll try again closer to my renewal but it does seem anything like a EV or Hybrid insurance companies are banging the prices up or is it the cost of the car?
Shift work is a strange one on the policy. I can work days some weeks or nights other weeks . When answering where is the vehicle kept at night I can't put " it depends". When i asked the insurer they replied " where is it usually? . Not really helping. I put home as throughout the year it's probably 60:40. Don't know how I'd stand if it gets Nicked when I'm on a night shift at work.
Hi Jim first of all i would like to thank you watched a lot of your videos decided to go for a lease car on a 2 year lease however my son (new driver) is starting a job in November age 23 the lead time for the car we have chosen the delivery could be december 23 or january 24. tried looking at to find a car hire for age under 25 with no joy. So will need to find a stop gap, are there any short term leases out there? also the car needs to be and auto and less than 10 years old for the new job he has got. thanks again
Maybe Google car subscriptions- it may be that he can subscribe to something until the lease car arrives? I’m not sure if age would be an issue though. There’s a company near me called flexi lease that might be worth a call; I know nothing about them so can’t vouch but pretty sure they do short term stuff.
It certainly can be, if it’s the right price of course. It wasn’t really around “in my day” but with a £700 excess on my policy I’ll probably be taking a look!
I didn’t say it would be cheaper mate; just said it’s a comparison site that offers some different markets to the big boys. Proof indeed of the value of shipping around eh? 👍
Be careful with multi car policies. Be aware that usually if one of the cars is involved in a fault claim then all the cars are clobbered with a premium weighting. My wife's car was hit by a driver coming round a bend over the centre white line and they did not stop. So as annoying as it was that's a fault claim but we had a multi car policy and they loaded the premium for the policy across all the cars we had, upon renewal premium quoted. So I terminated and insured each car separately to stop this should such a circumstance occur in the future. So a multi car policy discount of 5 or 10% sounds good but can backfire.
Amazing info as always Jim, I am interested to know if you have any other or different advice for non-UK residents specifically with an EU driver's license?
When I got my renewal I would have been disappointed with a 100% increase so you can imagine how I felt with I saw that it was 186% higher than the previous year! £1500 to £2800. How can that ever be justified?! By some magic stroke of luck I kept checking every day and when the time came I needed to bite the bullet I got it for £1700. But i'm still at a loss as to how a 186% increase can be justified.
Just had my renewal through. Honestly I was shaking a bit opening the envelope...but amazingly only gone up 70 pence. From £131 to £131.70 fully comprehensive. Skoda Estelle. Perhaps insurance agencies have 'been told' by someone? I was shocked for sure.
I will never use Admiral again. Several years ago i had protected NC. After a small accident (me reversing into a pole) wuth about £500 worth of damage my policy went up about 3x next time. Despite the fact my NC was supposedly "protected". I went to another insurer and went back to something in the region of what my Admiral quote had previously been. Ive seen comments elsewhere about having a very large excess insurance, say going from £300 to £2000 and then buying seperate specialist excess insurance which is much cheaper. Any thoughts on that?
I had similar years ago, 2 accidents though wasn't even my fault for either, claimed against other persons. Price doubled yet had protected NC, got told my NC was protected but not premium. Basically, they can charge what the hell they like.
Silly question Just wondering thinking of buying a bmw 118d its a detuned 120d same engine so thinking of getting mapped to back to where it normally would be still tell the insurance if i do this?
YES! you would have to tell them and it might restrict the market a bit and therefore push your premium up. Always disclose any mods to the insurer, they can find out.
im a new driver 1 year. i paid 843 quid when i first had the car the second year they wanted 3400 quid. i got hastings for 930 they did fone a week later doing a check as you said i had changed my information but they were fine. but FFS i was shocked by the 3400 quid my cars not worth that. both were telematic which i dont mind.
That was good advise can you tell me why it is on car insurance cover it is compulsory to pay for driving in other countries when I have never or ever want too, I don't care if its under the third, forth or fifth party cover.
Thanks for the video, ive just renewed my daughters insurance and like everyone else its gone up, thing is with here's is she is split between staying at uni which is a few miles down the road and staying at home so wasn't sure what to put as her address?
Does she live at home or at Uni? it should be wherever the car spends most of it's time. If it's overnight at one 4 days per week then that's the address you put.
@@DefinitelyNotAGuru its tricky as at the moment she spends more time at uni but then at Christmas she will be here of a month or so and summer 3 months and over the year with other semesters it probably works out 50/50
Really informative video Jim. I wonder if you have any advice for my 18 year old son. He had one “accident” which was his fault resulting in his car being written off. He subsequently got rear ended in his replacement car resulting in that being written off for, in my opinion, repairable damage (but that’s another story). This incident was not his fault (he was stopped at a red traffic light) and the other driver admitted liability and a claim was made against her insurance company. I’m concerned this non fault accident will be taken into consideration when he comes to renew which seems very unfair. Is it because insurance companies will think he’s a greater risk?
As long as his insurers made a recovery from the third party the non-fault accident won’t go against him unfortunately the fault claim combined with his age very much will. I’d say look at telematics policies, get a group 1 car (Citroen C1/Toyota Aygo); has he done pass plus?
@DefinitelyNotAGuru he's got a black box policy, a 1.0l Seat Ibiza and has done pass plus and will complete an advanced driving course (IAM) by the end of this weekend. He's also got me and his Mum as named drivers.
Shop around is waste of time in my case. I just fill three quotations for my car insurance, cheapest is £103 pounds a month. I must tell you I have an EU driving licence (full). But is to expensive to run a car in UK.
I find all this odd, I went from an ID3 21 plate, to a 23 plate ID5….insurance you would think would be at least 1/3rd more expensive? Incorrect, it went down by £5 a year - I think it is just the likes of JLR and Tesla that skew the information - Tesla are considerably more expensive to repair than a regular EV, and JLR are just expensive to repair even if it’s a run of the mill component. For reference I use LV - might be worth a call as the girl on the phone said ‘we are getting a lot of people thinking their renewals will be higher’
Interesting topic Jim. There is a grey area regarding annual mileage. I might do an average of lets say 6000 miles pa, so i insure my car up to 8000 pa, however my friend drives my car on a regular basis but drives it on his own insurance for example, so between us we cover an average of 14000 miles per annum. So can you tell me.... As my car has an annual mileage this year for example of circ 14000 miles but i have only covered 6000 miles, is my car still insured after it has covered the 8000 miles allowance on my policy? This is the grey area i am talking about here. 🤔
You 100% need to insure for the annual mileage of the car, not just for you. You’re aware that your friend only has third party cover whilst driving your car I assume? It may be wise to just name your friend as a driver.
This is all hypothetically speaking, but my "friend" does have fully comprehensive insurance to drive any car just like i have up to the value of £20,000 but thank you for clarification on this grey area.
No it isn't a motor trade policy. Adrian Flux offer a policy from a third party to run a long side your fully comprehensive policy which allows you to drive other vehicles fully comprehensive up to the value of 20k. You can still drive other vehicles above the 20k valuation but should the worst happen, the most they will pay out is 20k. Obviously the usual rules apply where that vehicle must be insured to be on a road also. The cost to add this cover for me was only £24 which is a no brainer. Unfortunately very few insurance companies offer this additional policy. Everyday is a school day. 😉
Would be great if actually EVERYONE pays for his own insurance. The amount of uninsured drivers on the roads is ridiculous at the moment, and I think that’s one of the main reasons (plus all the ones you’ve listed in this video) for insurance premiums increases. Great advice as usual BTW👍🏻
100% mate, it's a catch 22, people drive uninsured as they cant afford it (despite often being able to afford fags and beer etc) and that puts everyone else's car insurance up. I bet at least 10-15% of your premium is due to uninsured drivers.
Yes, but what about the other 45%, as in my case? Can you name any reason other than what I have already stated? The risks relating to fire hazards and expense of parts on EVs in insurance claims [especially the battery] have to be paid for somehow!!@@DefinitelyNotAGuru
Oh, yes - I take your point, but I still think that much of the cost to insure an EV is subsidized by the premiums the rest of us have to pay and there is no other reason that I can see which can possibly increase premiums upwards of 50% in one year. Even inflation is only around 10%!@@DefinitelyNotAGuru
Yes, point taken - but I see no justification for insurance premiums being increased by over 50% on petrol/diesel cars in one year, other than to partly subsidize the costs to repair EVs in the event of an accident. Even inflation has only been around 10% and now going down towards 5%!@@DefinitelyNotAGuru
Hi Shaun, Volvo don’t lend me cars and a review is about 3 days of work so I don’t do requests unless they come with a large amount of cash. I’m sure you could get one on a lease; I’ve never driven an EX30 but I used to have an XC40 and it was brilliant. Volvo makes great cars.
My two cars insurance premiums went up 2% and 10% this year, which although annoying seems reasonable with current inflation. Is the price increase just for EV /Hybrid cars or all new cars.
@@DefinitelyNotAGuruI only renewed end of July and middle of September ( I really should merge them) which is well after many on CZcams said they had seen huge increases. The cars are 7 and 11 years old
I’m a bit paranoid about driving now as I only got third part due to the fact that I did t like the idea of the black box as it would have made me more paranoid. What can I do to prevent me from feeling this?
The rate of increase in UK car insurance is way beyond rises seen across Europe, suggesting that the reasons you feel are valid for these increases are not valid at this level of increase.
We have a very dense population, huge amounts of insurance fraud and a largely broken repair network system. Most of Europe has much less of a problem in almost every regard, claim rates in general are much lower in Italy, Spain, France etc too - they simply drive around in dented cars far more often.
I would not recommend Admiral. There are not well-priced for everyone, myself included. However, their level of cover is not as high as some other insurance companies. Their customer service leaves a lot to be desired in my experience. Also, an Admiral customer reversed into my wife’s car last year. Simple claim, all recorded on dashcam, and we didn’t ask for any more than the car to be repaired. Admiral took over 6 months to settle the claim. LV also offer multi-cover discount, a higher level of cover, and customer service is in a completely different class.
The increases in premiums on petrol and diesel cars are primarily to enable the insurance companies to keep the premiums for EVs as low as possible! In other words, motorists using conventional cars are now required to pay for the extra costs involved in repairs and the fire risks on EVs!!!!
Oh yes? And how do you know what I state is nonsense? I speak from personal experience from when my insurance premium increased by over 60% last month for no apparent reason - my wife's also! Fortunately we were both able to find an alternative insurance company at premiums around the amount we had paid the previous year.@@DefinitelyNotAGuru
A non-fault claim will go against you if your insurer is unable to make a recovery from the third party. Your insurer has paid out but they can't get the money back so it ends up being a claim against your insurance policy. If they do manage to make a recovery the slate will be wiped clean.
The car has to be insured just to be stationary on the road outside your house, so although people weren’t using their cars as much, unless they where going to park up off road and not use the car at all, it HAS to be insured..
What i ment to imply was the Insurance companies were still raking in profits with little to no outgoing payments as nothing was moving.@@DefinitelyNotAGuru
They have to charge the same to new customers and existing now and have to jump through lots of hoops and red tape to satisfy the regulator in order to make pricing fair for the customer. It’s pretty much just out everything up.
@@DefinitelyNotAGuruAnd that has actually increased some renewal quotes. Why? Well, unfair though it may have been, when companies were able to “inertia sell” big price increases to their least-price-sensitive (the company’s interpretation of “loyal”!) customers, it meant that they spread their overall price increase objective unevenly across their customer base. So some customers - those judged “most-price-sensitive” (most likely to switch) got a lower increase. Because they can no longer do that, their marketing people will focus more on “customer churn rate” - ie what is the impact of an overall price increase on the rate of new-customer gains vs. existing-customer losses. They will also test overall market sensitivity through research - ie it’s just a fact of life that companies know that consumers experiencing higher inflation are more likely to accept higher price increases without switching, so they will push price as far as they think they can. That’s how inflation works - price rises snowballing, wages snowballing to chase them etc.
@@davidpaterson2309I don’t disagree that people are taking advantage of putting prices up here there and everywhere but checkout FCA Fair Pricing regs for car insurance.
I have two cars due in November for insurance renewal and always use the comparison sites. I have usually avoided Admiral because they do not score very highly in Which magazine. My sister in law had a very poor service from One Call.
One Call are dreadful, kept taking my DD after i went elsewhere, took months to get reimbursed, and that only happened after i sent them email saying see you in county court
My new insurance increased 💯 the lowest qote from 4 website comparison with 13 years no claim bonus i dont understand the justifications its crazy how this industry ripping off poor people.
Costs keep going up with everything as have crime, fraud, parts, regulatiory costs, labour etc. Many insurers have left car insurance meaning that there are fewer companies competing for your business; whilst there will be some profiteering going on many are simply trying to stay afloat.
You say you must be honest with car insurance I have just had an RTA which was not my fault Ive told my insurance but when I renew do I tell my next quote
Im 33 and drive a diesel volvo c30, nothing special cheap runabout, paid 500 last year was hoping to pay 400 then but was what it was, got my renewal through at the weekend and unable to quote checked online and getting quotes of 1100, ripping the arse clean out of things now, makes me want to claim to make it worth the money!
Aviva. I worked in insurance for 22 years and that one caught me by surprise. Also a claim with a nil payment caused a premium increase, but when corrected to a £800 payment premium went down. That one was Tesco.
@@Hellomynameis93it used to be about £30 of every policy went to cover the costs of accidents caused by uninsured drivers, no idea what that number is now. Problem is that driving with no insurance is 6 points and about £300 fine. A lot of mouth breathers are all too happy to take the fine over the insurance premium, they then stack their cars which just puts our premiums up even more.
I am hoping Elon Musk gets into the car insurance business in this country. Also he could get into the supply of electricity as his Tesla chargers are 30p a kWh cheaper than anybody else.
Oh yes mate, it’s rife. It’s hard to get away with it these days but people still do it all the time then find themselves uninsured after an accident and it all goes onto our premiums.
Jim, I don’t agree with your comment that insurers have valid reasons for increasing premiums up and above of 100%! There are many variables used by insurance companies to determine insurance costs and one is postcode. I live in a city so my premium is high even though I have over 30+ years NCB, no endorsements and am in my late fifties. I am semi retired, drive less than 5,000 miles a year and have an off road drive and use a recommended Disklok steering wheel lock. However, my premium is just as high and in some cases higher than a typical driver who lives across the road in another postcode, who leaves his car parked on the road and has no steering lock security!…….the insurance industry is an utter scam and needs regulating correctly so that careful drivers are not subsidising the illegitimate and inexperienced/poor ones who frequent our roads! There appears no regulation and is a licence to print money just as it is for utility companies and large food retailers. Is it any wonder there is so much reported fraud within the industry?
There’s is massive regulation which is part of the reason for the price rise (the cost of jumping through the regulatory hoops is huge). Several insurers have even exited car insurance as they see no way of running profitably. The long andthe short is that they are paying out far more than they’re brining in, just like Wilkinson, Debenhams and numerous retailers were needed to charge more or leave the market in many cases. It’s an inconvenient truth I know but if you pay out £2 for every £1 you take in you either need to put up your prices or exit (many have exited).
Cost of reinsurance has gone up (inflation is obviously huge right now), claims costs have skyrocketed, parts have been in short supply, fraud always goes up during a recession (as does crime). Several insurers have exited the market. The list goes on.
More people need to look at deregistering there vehicles then they would drop the insurance hike the people need to make it work for them not the super rich it’s our world too or am I missing something
Admiral bodged a claim of mine in 2018 a 4x4 driver crashed into my stationary car on a hill in snow I got the drivers details he was also an Admiral customer, Admiral said as there were no witnesses I would be a 50/50 claim, they paid out the repairs to the guy who hit me then asked me to take my car to an approved garage to appraise mine, my car at the time was a old 13 year old Honda, they assessed the damage and never got back to me I heard nothing from Admiral for 2.5 months then I complained and they offered me £120 compo my car never got repaired through Admiral and I ended up paying for it myself which cost £1200, shocking company who have zero customer service, never again will I touch them even if they offered the cheapest quote on the market. My insurance the following year rocketed , despite the fact I never caused the accident my car was parked and stationary and I was not in it.
It’s clear. Get rid of the dead beats that are taking advantage of the system in every area and all of us that are doing the right thing and paying out the nose will have improved rates. Shop around? That ludicrous when all these companies are clearly in bed together.
Well peoole driving dangerously ,without a care in world etc theres probably more crashes , so that does not help either . The orher week I was so close to being taken by a nobhead 1 series driver went over the roundabout as im checked the mirrors no one there , then i need to moved to right lsne on the new road no one there then suddlenly a cunt in 1 series bmw comes round booting it , i cancel my lane change , then he came toeards 30 in the next to me as he did came towards and invaded my lane almost wiped me out had no time to rhink at all had slam on the brakes , if I had not i would be in hospital , you can not switxh off fir even a milli seconds , with appaulling drvers , the polive is doing f all , point in case i was coming round roundabout in canklow ,Rotherham as im about to come out , checked the right , where a dual carriagway is as soon as I m about turn off 5 cars all by one start moving onto the riund as I am about to go past them Have sone people been taking dricing advice from yanks or got their licences from cereal packets
Iam 72 never in an accident driving over 50 years in good health my insurince is 167 pounds extra this year i feel as if iam getting ripped off so i thinking of selling my car and getting public transport its extortion.
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✅QuoteZone tinyurl.com/1QuoteZone1
✅My Book amzn.to/3HMF9eH
Hi I’ve had a black box for my first yr I’m 41 and my insurance has doubled, was paying 64 month had a named driver etc nothings changed and now I’m getting quotes for 150 etc month have a 1.2 corsa 2009 it this correct ?
50% increase for me this year. Even the comparison sites were only good for 20 quid or so. Everyone is on the bandwagon an there is nothing we can do about it.
👌
I’m 69 years old and drive an ND MX5 , my premium rocketed to £175 so I decided to get my kids on it , they are 24 and 26 with no claims of their own , cheapest quote was £ 2269 . 00
😂👍
That’s just crazy
Great little video with plenty of good info and a company I have not come across before. Thanks Jim.
Thanks Alan
You are spot on , I have received my renewal notice for my BMW I4 M50 and it is £852.17 with the AA, I paid £353.09 last year. Compere the Market came up with best price of £720 with Admiral who I won't use and will probably use SAGA for £762.25. I already have a Saab convertible insured with them and will ask for a discount. My insurance for a Mercedes A45 is due on the 16th November and I only paid £281.91 with L.V. last year . I will try quote zone. Thanks Alan.
We’re all in the same boat I’m afraid. Seems everything you look at these days instantly doubles in price.
Logical and strategic as ever Jim..👍👍
👍👍👍
Thanks for the info. I was wondering why recent renewal quote had gone up by £120 this year. I couldn’t understand when I tried to get quote on a much newer and higher spec car I’m try thinking on buying came out cheaper than my existing car - All a bit bizarre.
👍
Yep, they certainly have gotten crazy, i was at my broker this morning, questioning my renewal, he said huge rises across the board, i did have a search elsewhere, but couldn't find a better deal anywhere than my broker offered with my existing company
One insurer put on 14% last month, way more than they would usually do in a year!!
Hi Jim I would love to know your background - I find you very down to earth and love your approach - one of those blokes who will always be successful - because you're a grafter - (takes one to know one - 71 years old and still working! 🤣
Thanks Shaun. I do find it difficult to switch off to be honest mate.
Dont change Jim it's very refreshing in this crazy PC world - what is your backgound?@@DefinitelyNotAGuru
I can’t help feeling that my increase of 50% is partly down to new car prices going mental and silly hybrid and electric cars being costly to repair.
That’s not fair when I have a 8 year old diesel
👍
Cheers Jim, great advice
Thanks buddy
Just checked mine and it's exactly the same as it was 6 months ago (fingers crossed nothing changes in the next 6 months and I increased the voluntary excess, plus I've moved to Oxfordshire from London)
👍👍👍
When I got our first car in March 2022 after passing my test in 11/2021 aged 53 for a £3k 2003 2.0 petrol auto Honda CR-V insurance group 28 it cost me £949 fully comp (with elephant) This year after comparing the market I got it this year for £830 with 1 year no claims with Aviva Zero (inc RAC National breakdown where it takes you home and drops your car off at designated garage anywhere in U.K.) This year has been very hectic and we racked up a lot of miles (only put down 10k on the policy) so we rung Aviva up and asked how much for an extra 2k miles and they said £13. Wow, I was half expecting a three figure sum 😂 But we’re looking at a newer car like the Lexus CT200 mainly because of the great MPG and £0 road tax, but on completing a quote it said £1,400 was the cheapest. Think I’ll try again closer to my renewal but it does seem anything like a EV or Hybrid insurance companies are banging the prices up or is it the cost of the car?
You will find even if you keep the existing car it will go up a lot at renewal.
Shift work is a strange one on the policy. I can work days some weeks or nights other weeks . When answering where is the vehicle kept at night I can't put " it depends". When i asked the insurer they replied " where is it usually? . Not really helping. I put home as throughout the year it's probably 60:40. Don't know how I'd stand if it gets Nicked when I'm on a night shift at work.
You should answer with where it is the majority of the time.
Hi Jim first of all i would like to thank you watched a lot of your videos decided to go for a lease car on a 2 year lease however my son (new driver) is starting a job in November age 23 the lead time for the car we have chosen the delivery could be december 23 or january 24. tried looking at to find a car hire for age under 25 with no joy. So will need to find a stop gap, are there any short term leases out there? also the car needs to be and auto and less than 10 years old for the new job he has got. thanks again
Maybe Google car subscriptions- it may be that he can subscribe to something until the lease car arrives? I’m not sure if age would be an issue though. There’s a company near me called flexi lease that might be worth a call; I know nothing about them so can’t vouch but pretty sure they do short term stuff.
Thanks, keep up the 👍 videos
Thanks a lot Jimmy 👍
Great content. What’s your thoughts on excess insurance , is it worth it?
It certainly can be, if it’s the right price of course. It wasn’t really around “in my day” but with a £700 excess on my policy I’ll probably be taking a look!
Rried quote zone,was £450 more expensive than my new insurance company and had a lower level of cover
I didn’t say it would be cheaper mate; just said it’s a comparison site that offers some different markets to the big boys. Proof indeed of the value of shipping around eh? 👍
Be careful with multi car policies. Be aware that usually if one of the cars is involved in a fault claim then all the cars are clobbered with a premium weighting. My wife's car was hit by a driver coming round a bend over the centre white line and they did not stop. So as annoying as it was that's a fault claim but we had a multi car policy and they loaded the premium for the policy across all the cars we had, upon renewal premium quoted. So I terminated and insured each car separately to stop this should such a circumstance occur in the future. So a multi car policy discount of 5 or 10% sounds good but can backfire.
Yes, but until that time crack on if it suits. I e got free home insurance and a partial refund so I’m laughing.
Amazing info as always Jim, I am interested to know if you have any other or different advice for non-UK residents specifically with an EU driver's license?
Not that I know of, everything here applies to you too 👍
@@DefinitelyNotAGuru Beautiful, thank you!
When I got my renewal I would have been disappointed with a 100% increase so you can imagine how I felt with I saw that it was 186% higher than the previous year! £1500 to £2800. How can that ever be justified?! By some magic stroke of luck I kept checking every day and when the time came I needed to bite the bullet I got it for £1700. But i'm still at a loss as to how a 186% increase can be justified.
Jesus!!!
Do you live in London and drive range rover or golf r ? :D
I live in London yes. I drive an Audi RS4
I work.for BCA all I do is move hundreds of cars around a large site all day but what do I put that down as YARD MAN, or DRIVER or
I don't think Yard Man is on the ABI occupation list. Driver it is I guess.
Just had my renewal through. Honestly I was shaking a bit opening the envelope...but amazingly only gone up 70 pence. From £131 to £131.70 fully comprehensive. Skoda Estelle. Perhaps insurance agencies have 'been told' by someone? I was shocked for sure.
Result!
@@DefinitelyNotAGuruFor sure 👌
I will never use Admiral again. Several years ago i had protected NC. After a small accident (me reversing into a pole) wuth about £500 worth of damage my policy went up about 3x next time. Despite the fact my NC was supposedly "protected". I went to another insurer and went back to something in the region of what my Admiral quote had previously been.
Ive seen comments elsewhere about having a very large excess insurance, say going from £300 to £2000 and then buying seperate specialist excess insurance which is much cheaper. Any thoughts on that?
Yes, taking excess insurance can sometimes work out cheaper.
I had similar years ago, 2 accidents though wasn't even my fault for either, claimed against other persons. Price doubled yet had protected NC, got told my NC was protected but not premium. Basically, they can charge what the hell they like.
@@TheWobblyFacethat’s awful
Silly question Just wondering thinking of buying a bmw 118d its a detuned 120d same engine so thinking of getting mapped to back to where it normally would be still tell the insurance if i do this?
YES! you would have to tell them and it might restrict the market a bit and therefore push your premium up. Always disclose any mods to the insurer, they can find out.
@@DefinitelyNotAGuru cheers thought as much 👍
My wife's insurance renewal doubled from last year with no personal changes.
Exactly.
👍👍👍.Thanks Jim
Cheers buddy
Tesla Model Y LR - 2022 - Private Lease £4,500 renewal. £1200 last year
Yuk
Hi .I m a new driver at the moment my driving licence address and bank cards address are tow different address. Is that will be any problem? Thank you
Yes! You can also get a £1k fine for not updating your address on the licence
It’s nearly as much to insure my car as it is for
Trade cover with all the extras - madness
Crazy eh!
im a new driver 1 year. i paid 843 quid when i first had the car the second year they wanted 3400 quid. i got hastings for 930 they did fone a week later doing a check as you said i had changed my information but they were fine. but FFS i was shocked by the 3400 quid my cars not worth that. both were telematic which i dont mind.
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That was good advise can you tell me why it is on car insurance cover it is compulsory to pay for driving in other countries when I have never or ever want too, I don't care if its under the third, forth or fifth party cover.
It’s not, it either just included (same risk as here) or in some cases it’s an optional extra.
Thanks for the video, ive just renewed my daughters insurance and like everyone else its gone up, thing is with here's is she is split between staying at uni which is a few miles down the road and staying at home so wasn't sure what to put as her address?
Does she live at home or at Uni? it should be wherever the car spends most of it's time. If it's overnight at one 4 days per week then that's the address you put.
@@DefinitelyNotAGuru its tricky as at the moment she spends more time at uni but then at Christmas she will be here of a month or so and summer 3 months and over the year with other semesters it probably works out 50/50
It’s probably more Uni time than home to be fair and insurers would likely argue that case if Uni is a higher rated area than home.
Really informative video Jim. I wonder if you have any advice for my 18 year old son. He had one “accident” which was his fault resulting in his car being written off. He subsequently got rear ended in his replacement car resulting in that being written off for, in my opinion, repairable damage (but that’s another story). This incident was not his fault (he was stopped at a red traffic light) and the other driver admitted liability and a claim was made against her insurance company. I’m concerned this non fault accident will be taken into consideration when he comes to renew which seems very unfair. Is it because insurance companies will think he’s a greater risk?
As long as his insurers made a recovery from the third party the non-fault accident won’t go against him unfortunately the fault claim combined with his age very much will. I’d say look at telematics policies, get a group 1 car (Citroen C1/Toyota Aygo); has he done pass plus?
@DefinitelyNotAGuru he's got a black box policy, a 1.0l Seat Ibiza and has done pass plus and will complete an advanced driving course (IAM) by the end of this weekend. He's also got me and his Mum as named drivers.
@@simontaylor3211it’d be impossible to do anything more mate 👍👍👍
@DefinitelyNotAGuru thanks for your thoughts Jim, really appreciate it mate
@@simontaylor3211no drama 👍
Shop around is waste of time in my case. I just fill three quotations for my car insurance, cheapest is £103 pounds a month.
I must tell you I have an EU driving licence (full).
But is to expensive to run a car in UK.
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I find all this odd, I went from an ID3 21 plate, to a 23 plate ID5….insurance you would think would be at least 1/3rd more expensive? Incorrect, it went down by £5 a year - I think it is just the likes of JLR and Tesla that skew the information - Tesla are considerably more expensive to repair than a regular EV, and JLR are just expensive to repair even if it’s a run of the mill component.
For reference I use LV - might be worth a call as the girl on the phone said ‘we are getting a lot of people thinking their renewals will be higher’
That does seem odd, great tip though James - try LV!
Interesting topic Jim. There is a grey area regarding annual mileage. I might do an average of lets say 6000 miles pa, so i insure my car up to 8000 pa, however my friend drives my car on a regular basis but drives it on his own insurance for example, so between us we cover an average of 14000 miles per annum. So can you tell me.... As my car has an annual mileage this year for example of circ 14000 miles but i have only covered 6000 miles, is my car still insured after it has covered the 8000 miles allowance on my policy? This is the grey area i am talking about here. 🤔
You 100% need to insure for the annual mileage of the car, not just for you. You’re aware that your friend only has third party cover whilst driving your car I assume? It may be wise to just name your friend as a driver.
This is all hypothetically speaking, but my "friend" does have fully comprehensive insurance to drive any car just like i have up to the value of £20,000 but thank you for clarification on this grey area.
Motor trade is it?
No it isn't a motor trade policy. Adrian Flux offer a policy from a third party to run a long side your fully comprehensive policy which allows you to drive other vehicles fully comprehensive up to the value of 20k. You can still drive other vehicles above the 20k valuation but should the worst happen, the most they will pay out is 20k. Obviously the usual rules apply where that vehicle must be insured to be on a road also. The cost to add this cover for me was only £24 which is a no brainer. Unfortunately very few insurance companies offer this additional policy. Everyday is a school day. 😉
@@ajh5552 you’re friend has automatic third party cover on his insurance, it would be very expensive for him to pay for fully comp on any vehicle…
Would be great if actually EVERYONE pays for his own insurance. The amount of uninsured drivers on the roads is ridiculous at the moment, and I think that’s one of the main reasons (plus all the ones you’ve listed in this video) for insurance premiums increases. Great advice as usual BTW👍🏻
100% mate, it's a catch 22, people drive uninsured as they cant afford it (despite often being able to afford fags and beer etc) and that puts everyone else's car insurance up. I bet at least 10-15% of your premium is due to uninsured drivers.
Yes, but what about the other 45%, as in my case? Can you name any reason other than what I have already stated? The risks relating to fire hazards and expense of parts on EVs in insurance claims [especially the battery] have to be paid for somehow!!@@DefinitelyNotAGuru
@@stanthesteelguitarman8228 have you seen how much it costs to insure most EVs? It’s probably at least double what you’re paying mate.
Oh, yes - I take your point, but I still think that much of the cost to insure an EV is subsidized by the premiums the rest of us have to pay and there is no other reason that I can see which can possibly increase premiums upwards of 50% in one year. Even inflation is only around 10%!@@DefinitelyNotAGuru
Yes, point taken - but I see no justification for insurance premiums being increased by over 50% on petrol/diesel cars in one year, other than to partly subsidize the costs to repair EVs in the event of an accident. Even inflation has only been around 10% and now going down towards 5%!@@DefinitelyNotAGuru
Jim - could I have your opinion on the Volvo XC 30 please - a review would be great?
And do you think I could get one on lease?
Hi Shaun, Volvo don’t lend me cars and a review is about 3 days of work so I don’t do requests unless they come with a large amount of cash.
I’m sure you could get one on a lease; I’ve never driven an EX30 but I used to have an XC40 and it was brilliant. Volvo makes great cars.
A nice straight forward answer - thanks Jim@@DefinitelyNotAGuru
I’m renewing with Roadrunner Trade Insurance - part of Aston Lark seem very good and £300 cheaper than my renewal with my current provider
Nice, Aston Lark just became Howden by the way. Ace Insurance on Redditch are always worth a look for Motor Trade.
My two cars insurance premiums went up 2% and 10% this year, which although annoying seems reasonable with current inflation. Is the price increase just for EV /Hybrid cars or all new cars.
That's a result. It's on all cars - next year might not be so pretty I'm afraid.
@@DefinitelyNotAGuruI only renewed end of July and middle of September ( I really should merge them) which is well after many on CZcams said they had seen huge increases. The cars are 7 and 11 years old
I’m a bit paranoid about driving now as I only got third part due to the fact that I did t like the idea of the black box as it would have made me more paranoid. What can I do to prevent me from feeling this?
Aside from therapy I don’t know. If you want to save money a black box can be a good way of doing it.
Drive a cheap old car that you can scrap if you crash it and keep saving for your next one.
The rate of increase in UK car insurance is way beyond rises seen across Europe, suggesting that the reasons you feel are valid for these increases are not valid at this level of increase.
We have a very dense population, huge amounts of insurance fraud and a largely broken repair network system. Most of Europe has much less of a problem in almost every regard, claim rates in general are much lower in Italy, Spain, France etc too - they simply drive around in dented cars far more often.
I would not recommend Admiral.
There are not well-priced for everyone, myself included.
However, their level of cover is not as high as some other insurance companies.
Their customer service leaves a lot to be desired in my experience.
Also, an Admiral customer reversed into my wife’s car last year. Simple claim, all recorded on dashcam, and we didn’t ask for any more than the car to be repaired. Admiral took over 6 months to settle the claim.
LV also offer multi-cover discount, a higher level of cover, and customer service is in a completely different class.
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18 years ncb clean driving licence 18 years looks like going be £1250 from January 24 from ££650 this year 😢
Ouch
The increases in premiums on petrol and diesel cars are primarily to enable the insurance companies to keep the premiums for EVs as low as possible! In other words, motorists using conventional cars are now required to pay for the extra costs involved in repairs and the fire risks on EVs!!!!
Sorry mate but that's nonsense.
Oh yes? And how do you know what I state is nonsense? I speak from personal experience from when my insurance premium increased by over 60% last month for no apparent reason - my wife's also! Fortunately we were both able to find an alternative insurance company at premiums around the amount we had paid the previous year.@@DefinitelyNotAGuru
Sorry for the duplicity of some of my replies! It seemed at the time they weren't going through!!@@DefinitelyNotAGuru
@@stanthesteelguitarman8228 No probs Stan, have a good weekend mate
You too - good talking to you. Differences of opinion [but only on the one issue] without falling out over it, eh? All the best. @@DefinitelyNotAGuru
I got hit by stolen vehicle and car written off and it’s gone against me even though I had full evidence on dash cam
A non-fault claim will go against you if your insurer is unable to make a recovery from the third party. Your insurer has paid out but they can't get the money back so it ends up being a claim against your insurance policy. If they do manage to make a recovery the slate will be wiped clean.
Strange how through Covid all were insuring there cars but hardly went anywhere.
Yes
The car has to be insured just to be stationary on the road outside your house, so although people weren’t using their cars as much, unless they where going to park up off road and not use the car at all, it HAS to be insured..
What i ment to imply was the Insurance companies were still raking in profits with little to no outgoing payments as nothing was moving.@@DefinitelyNotAGuru
Why is it if you stay loyal to one company, they always whack up the renewal price?
They have to charge the same to new customers and existing now and have to jump through lots of hoops and red tape to satisfy the regulator in order to make pricing fair for the customer. It’s pretty much just out everything up.
@@DefinitelyNotAGuruAnd that has actually increased some renewal quotes. Why? Well, unfair though it may have been, when companies were able to “inertia sell” big price increases to their least-price-sensitive (the company’s interpretation of “loyal”!) customers, it meant that they spread their overall price increase objective unevenly across their customer base. So some customers - those judged “most-price-sensitive” (most likely to switch) got a lower increase.
Because they can no longer do that, their marketing people will focus more on “customer churn rate” - ie what is the impact of an overall price increase on the rate of new-customer gains vs. existing-customer losses. They will also test overall market sensitivity through research - ie it’s just a fact of life that companies know that consumers experiencing higher inflation are more likely to accept higher price increases without switching, so they will push price as far as they think they can. That’s how inflation works - price rises snowballing, wages snowballing to chase them etc.
@@davidpaterson2309I don’t disagree that people are taking advantage of putting prices up here there and everywhere but checkout FCA Fair Pricing regs for car insurance.
I have two cars due in November for insurance renewal and always use the comparison sites. I have usually avoided Admiral because they do not score very highly in Which magazine. My sister in law had a very poor service from One Call.
They’re obviously not paying Which enough in advertising eh! 👍
One Call are dreadful, kept taking my DD after i went elsewhere, took months to get reimbursed, and that only happened after i sent them email saying see you in county court
@@DefinitelyNotAGuru Which magazine do not have any advertising.
@@alanmachin3054 I’m a cynical sod Alan
Got quoted £1200 to insure a 2018 Range Rover SVR in 2022. In 2023, the quote now is £13200. This is just crazy.
WOW!
My new insurance increased 💯 the lowest qote from 4 website comparison with 13 years no claim bonus i dont understand the justifications its crazy how this industry ripping off poor people.
Costs keep going up with everything as have crime, fraud, parts, regulatiory costs, labour etc. Many insurers have left car insurance meaning that there are fewer companies competing for your business; whilst there will be some profiteering going on many are simply trying to stay afloat.
You say you must be honest with car insurance I have just had an RTA which was not my fault Ive told my insurance but when I renew do I tell my next quote
Yes of course, your policy will be worthless if you don’t
Thanks for the advice, keep up the good work
Never have auto renewal some insurance companies charge £100 extra - you will find the increase on your new quote from them
Legally now they can’t offer a cheaper price for new business than for renewal but you can still often do better by shopping around.
Direct line to adverts claim to be competitive for always far too. expensive 😢😢
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Im 33 and drive a diesel volvo c30, nothing special cheap runabout, paid 500 last year was hoping to pay 400 then but was what it was, got my renewal through at the weekend and unable to quote checked online and getting quotes of 1100, ripping the arse clean out of things now, makes me want to claim to make it worth the money!
It'd go up then for sure
@@DefinitelyNotAGuru at least then I could justify the increase
Strangely I found a lower excess created a lower premium.
That’s bananas (but I like it)
Aviva. I worked in insurance for 22 years and that one caught me by surprise. Also a claim with a nil payment caused a premium increase, but when corrected to a £800 payment premium went down. That one was Tesco.
Just as a matter of interest why should a roofer pay more than a builder. Sounds ridiculous
I could tell you but you’d have the right hump.
Yes ridiculous - there must be loads that are not insuring cars.
I’m sure mate, which will make premiums go up even more 😢
@@DefinitelyNotAGuru bullshit isn't it. We get penalised for doing the right thing.
@@Hellomynameis93it used to be about £30 of every policy went to cover the costs of accidents caused by uninsured drivers, no idea what that number is now. Problem is that driving with no insurance is 6 points and about £300 fine. A lot of mouth breathers are all too happy to take the fine over the insurance premium, they then stack their cars which just puts our premiums up even more.
I am hoping Elon Musk gets into the car insurance business in this country. Also he could get into the supply of electricity as his Tesla chargers are 30p a kWh cheaper than anybody else.
Same here 👍
Wait until the payouts for the Luton fire come in
It’s a drop in the ocean mate
I’d love to see how many houses, cars, property, travel insurance polices that are full of bull - crazy and it’s the honest folk that pay
Full of bull? What do you mean mate? Dodgy claims?
@@DefinitelyNotAGuru I mean just not being truthfull etc to keep premium down
Oh yes mate, it’s rife. It’s hard to get away with it these days but people still do it all the time then find themselves uninsured after an accident and it all goes onto our premiums.
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Jim, I don’t agree with your comment that insurers have valid reasons for increasing premiums up and above of 100%!
There are many variables used by insurance companies to determine insurance costs and one is postcode. I live in a city so my premium is high even though I have over 30+ years NCB, no endorsements and am in my late fifties. I am semi retired, drive less than 5,000 miles a year and have an off road drive and use a recommended Disklok steering wheel lock. However, my premium is just as high and in some cases higher than a typical driver who lives across the road in another postcode, who leaves his car parked on the road and has no steering lock security!…….the insurance industry is an utter scam and needs regulating correctly so that careful drivers are not subsidising the illegitimate and inexperienced/poor ones who frequent our roads!
There appears no regulation and is a licence to print money just as it is for utility companies and large food retailers. Is it any wonder there is so much reported fraud within the industry?
There’s is massive regulation which is part of the reason for the price rise (the cost of jumping through the regulatory hoops is huge). Several insurers have even exited car insurance as they see no way of running profitably. The long andthe short is that they are paying out far more than they’re brining in, just like Wilkinson, Debenhams and numerous retailers were needed to charge more or leave the market in many cases. It’s an inconvenient truth I know but if you pay out £2 for every £1 you take in you either need to put up your prices or exit (many have exited).
but why has car insurance gone up?
Cost of reinsurance has gone up (inflation is obviously huge right now), claims costs have skyrocketed, parts have been in short supply, fraud always goes up during a recession (as does crime). Several insurers have exited the market. The list goes on.
@@DefinitelyNotAGuru its a sorry state of affairs for car owners. Rising fuel costs aswell are not helping.
@@mstar011 indeed 👍
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More people need to look at deregistering there vehicles then they would drop the insurance hike the people need to make it work for them not the super rich it’s our world too or am I missing something
I think you might be.
used admiral for years, they have now put my multicar policy by 250%....so bye bye admiral
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Admiral bodged a claim of mine in 2018 a 4x4 driver crashed into my stationary car on a hill in snow I got the drivers details he was also an Admiral customer, Admiral said as there were no witnesses I would be a 50/50 claim, they paid out the repairs to the guy who hit me then asked me to take my car to an approved garage to appraise mine, my car at the time was a old 13 year old Honda, they assessed the damage and never got back to me I heard nothing from Admiral for 2.5 months then I complained and they offered me £120 compo my car never got repaired through Admiral and I ended up paying for it myself which cost £1200, shocking company who have zero customer service, never again will I touch them even if they offered the cheapest quote on the market. My insurance the following year rocketed , despite the fact I never caused the accident my car was parked and stationary and I was not in it.
It’s clear. Get rid of the dead beats that are taking advantage of the system in every area and all of us that are doing the right thing and paying out the nose will have improved rates. Shop around? That ludicrous when all these companies are clearly in bed together.
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16th
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Well peoole driving dangerously ,without a care in world etc theres probably more crashes , so that does not help either . The orher week I was so close to being taken by a nobhead 1 series driver went over the roundabout as im checked the mirrors no one there , then i need to moved to right lsne on the new road no one there then suddlenly a cunt in 1 series bmw comes round booting it , i cancel my lane change , then he came toeards 30 in the next to me as he did came towards and invaded my lane almost wiped me out had no time to rhink at all had slam on the brakes , if I had not i would be in hospital , you can not switxh off fir even a milli seconds , with appaulling drvers , the polive is doing f all , point in case i was coming round roundabout in canklow ,Rotherham as im about to come out , checked the right , where a dual carriagway is as soon as I m about turn off 5 cars all by one start moving onto the riund as I am about to go past them
Have sone people been taking dricing advice from yanks or got their licences from cereal packets
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Iam 72 never in an accident driving over 50 years in good health my insurince is 167 pounds extra this year i feel as if iam getting ripped off so i thinking of selling my car and getting public transport its extortion.
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