Large hike in premiums

obi_waynne

Administrator
Staff member
Moderator
Points
1,157
Location
Deal, Kent UK
Car
A3 1.4 TFSI 150 COD
Most drivers are experiencing quite large hikes in premium this year. Some are renewing early to avoid larger price rises down the line.

Other than a modest increase in Tax I can't find any reason or explanation as to why this would be the case, can you see a reason?
 

Aerial Andy944

The Torque Meister
Points
537
Location
Sunny South Somerset UK
Car
VW Golf GT TDi 200
Mine went from £210 last year to £240 renewal last month. Shopped around and got it down to £185 with breakdown, legal and personal injury thrown in. Result :woot:
 

HDi fun

TC ModFather
Points
637
Location
Buckinghamshire UK
Car
Passat 2.0 TDi
We have to remember that the financial services industry employs thousands of people who have lost out during the ongoing recession. Shareholders are struggling to top up their multi-million pound overseas accounts and face the risk of paying their own tax bills if we don't support them in this vital way.
 

Lunchmoney

The Torque Meister
Points
497
Location
Uk
Car
'98 JDM Impreza STI
Mine went down this year. As did my wifelet's.

There are many real world factors in insurance premiums, but like most things in life, they will get more expensive over time. Inflation is a MF.
 

Yugguy

Torque King
Points
507
Location
Rugby (expat Preston lad)
Car
Merc C220Cdi Elegan
Ours haven't gone up, but also haven't gone down despite no claims of any kind.

One annoying thing Sheila's Wheels just did to the missus was they added misfuelling and key cover onto the renewal quote without her asking for it.

Seemed like a way to con people out of some cash, as a lot of people do just renew without checking.
 

Aerial Andy944

The Torque Meister
Points
537
Location
Sunny South Somerset UK
Car
VW Golf GT TDi 200
Yep need to check everything these days. Saying that I just noticed another inclusion on my new policy that uninsured driver cover is also included, what was my previous insurer doing as this policy is way better
 

gladrags

Torque Junkie
Points
202
Location
UK
Car
Focus 2.0
I thought all British car insurance coys charge a premium (something like 5%) to cover uninsured drivers, it’s a little trick imported from America and shows the value of lobbyists in Parliament.

It gets my goat that, after charging you an extra premium specifically for uninsured motorist cover, some of them still ding your No Claims Bonus if you get hit and make a claim. - b’strads the whole lot of them.
 

obi_waynne

Administrator
Staff member
Moderator
Points
1,157
Location
Deal, Kent UK
Car
A3 1.4 TFSI 150 COD
That is the MIB compensation scheme, they only pay out if you yourself are not covered for the damage someone else has done and it takes ages or at least it used to for payments to come through.
 

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