Did the insurance companies not make enough profit last year? Sons renewal is £80 more than last years insurance, he is 22, 4yrs experience and 4yrs NCB, same postcode as last year, comparison sites are quoting £150+ more for same cover, could be an expensive year in the votchy household to insure our 4 motors

renewal quotes are always more expensive. move company.

edit: read it all. dont move company. 😉

Have you had a look at multi car insurance, we have ours through Admiral and were surprised at how much it lowered the overall premium for all three, 25 and 21 year old daughters. They wont cover the motorhome but that’s on a good deal via a specialist

Things change, could be a change in risk rating for car/postcode/job/whatever. Plus he’s 22, get him to pay for his own.

Can multicar policies cover different addresses? 4 cars at 3 different addresses here.

There does seem to be a theme of price increases; plenty of people experiencing big jumps on the sane car as the year before etc.

There’s always a price increase isn’t there? I might simply drive with no insurance like so many others apparently do.

Ours covers our eldest who lives at a different address, she also put her contents insurance through it and got a further discount on it. I’m not sure if you can pay it from separate accounts as we just pay it out up front but it does give you the split per car so we just pass that on and hope they remember to reimburse us.

We have quite a few work colleagues who do the same, one of them has three generations of family on it at three different addresses

There doesn’t appear to be a general increase in prices:
https://www.moneysupermarket.com/car-insurance/price-comparison-index/

Mine has just gone up by a whole £8. That’s with an SP30 added too.

Try an insurance broker – they may have options that the comparison site don’t show (as they don’t give them enough commission!).

Well, I’m 63 with a clean licence so age should not be against me, however, current insurer Aviva have just sent the renewal ‘invitation’ up 12% on last year.

Quick skim around for the same conditions, and can get Direct Line 22% down on this.

Looked back at previous insurances – Direct Line year before, Aviva last year, now looks like back to Direct Line.

No customer loyalty here.

car insurance companies very rarely make significant profits at all. The cost is simply reflected in the risk you pose to them. Bash one newish car into another fairly hard and there’s a 40k bill before any injuries.

Out of interest, my twins turn 17 at the end of this month (oh, joy!). So I have to stick them on the insurance for my fiesta when it renews in a couple of weeks. Is there any method for lessening the sting of this, apart from C&H?

I’m with Admiral, I try all the usual comparison sites when my renewal comes in and would add it normally can’t be beaten by much at all. Give Admiral a call and go through the farce of reviewing my details to be told I’m such a loyal customer we can reduce the premium – average of 15% each year, so overall my final premium stays consistent year on year.

Martinhutch – my wife is in insurance and she is using these why my daughter learns in the wife’s car as many insurers won’t add learner drivers…

https://www.wearemarmalade.co.uk/

You can choose how long the cover is for too.

After they’ve passed – well, that’s a whole different ball-game!

Maybe pre-computers the fact that you’d gone the last 12 months without crashing and a single renewal phone call cost a lot less in staff wages than fielding new enquiries and quoting people there was benefit to offering renewal discounts.

Now that its almost all automated, that benefit has largely gone. Every company knows your driving history in an instant, whether 100 people or 1000 fill in their online quote form makes no difference.

Things beyond your control will have changed. Everything is based on an average risk. People in your neighbourhood may be crashing into parked cars a lot, loads of people with your job title might be having expensive whiplash claims.

Also consider that your car has changed even if its the same. A 5 year old corsa may be the car of the sensible and financially prudent office administrator, but a 6 year old corsa may be the chavmobile of choice. When I changed cars – same brand, still a hatchback (10 years newer, 10 times the value, >50% more power) my insurance halved.

Have you had a look at multi car insurance, we have ours through Admiral and were surprised at how much it lowered the overall premium for all three, 25 and 21 year old daughters.

watch out when i looked into it as a regular working 26 year old couple with a household with 2 cars each doing 10k parked off road in a rural area. it seemed about the single most expensive and riskiest way to insure multiple cars.

There must be a set of circumstances where the numbers add up but its not us.

although my insurance was already incredibly low….. – lower than some of the ops increases

Thanks, Muffin!