Jump to content
oldtechnoman

Car insurance renewal time

Recommended Posts

The time has come again to renew my car insurance again, how I hate doing this job every year. i have used Chris Knot for the last few years and they have been quite competitive. but have noticed that the quote seems to be going up every year.

This last year I have hardly done 2000 miles, have over 40years no claim and no driving convictions and no medical problems.

question what are the important extra,s should be included in the policy. Legal cover/ no claims protection. i don't require a courtesy car or breakdown cover. is there anything else I have forgotten?

I does seem that once you get to a certain age they hike the price up as you get older

my renewal quote is £411 up from £386 last year,

Esure quote £301 but legal and NCP are extra,s.

Tim

Share this post


Link to post
Share on other sites

Check with your local insurance broker what they can do. Mine are able to compete with the best priced policies i get online for both my Car & Motorbike. Plus i can contact my Insurance directly via email or the phone - not a giant call centre, or have to do everything online. 

 

Like you i only add legal and NCB protection. I do my roadside assistance separately, and a standard courtesy car is always included - you only pay the extra for a like for like (if its your fault). 

 

The company i use is A-Plan insurance if you want to check them out. 

Edited by dj1233

Share this post


Link to post
Share on other sites

Thanks for the reply and info, filled out on line form for A-PLAN and received a phone call about 2min later, a very helpful man took the car details and came back with a quote of £511 which when asked what I was paying he agreed was not very competitive. so left it at that. Tim.:(

Share this post


Link to post
Share on other sites

Been with Admiral for over 10 years with a multi car for 2 drivers fully comprehensive to drive both motors (~6k/yr and basic feature settings), where the 2007 E61 530i is slighty more costly at £290 with a 2010 Zafira 1.8i at £247. Never tried to claim so no idea what they are like when needed.

 

Edit: Insurance is an enforced racket. Silly little things can be tweaked to save a few quid. Statistically you are less likely to make a large claim if you park overnight off road on your drive than inside a garage, I think that saved ~£30. Or you can push the excess up an evaluate the resulting cost difference etc.

Edited by DarkHorse
updated

Share this post


Link to post
Share on other sites
2 hours ago, oldtechnoman said:

The time has come again to renew my car insurance again, how I hate doing this job every year. i have used Chris Knot for the last few years and they have been quite competitive. but have noticed that the quote seems to be going up every year.

This last year I have hardly done 2000 miles, have over 40years no claim and no driving convictions and no medical problems.

question what are the important extra,s should be included in the policy. Legal cover/ no claims protection. i don't require a courtesy car or breakdown cover. is there anything else I have forgotten?

I does seem that once you get to a certain age they hike the price up as you get older

my renewal quote is £411 up from £386 last year,

Esure quote £301 but legal and NCP are extra,s.

Tim

 

With Chris Knott myself and TBH for the last 4-5 years; they've been unbeatable for me

 

I've never made a claim, so can't say anything about that side of things; but I've always done the usual comparison site checks and spoken to a few other ore specialist insurers; but when you have the voluntary excess payment set to £0.00 and compulsory comes in on average £300; the other insurers have always worked out stupidly high, whereas CK have stayed around the same ball park figure.

 

More so now that I've got an agreed valuation with them for my current touring; it was a painless experience and sorted over a few emails over the course of a day

 

Unless I know I could save c£100 or more; I'd stick with CK in all honesty; their service has always been superb

Share this post


Link to post
Share on other sites

I was with Direct Line for two years after I bought my F11. After doing the rounds on the usual comparison sites they were always competitive. This year, following 'modifying' my car with a remap I cast my net a little wider. in addition to the usuals I got quote from some specialist modified car insurance brokers and just for good measure tried Chris Knott as well. After notifying Direct Line of the change to the car and an increase in expected mileage over the next year they were nearly the most competitive of all the quotes but Chris Knott beat them by another £50 or so. They were easy to deal with on the phone and I was very happy with the quoted price. Will see what happens next year though.

Share this post


Link to post
Share on other sites

Just about the worse thing you can do is renew with the same company year in year out, a £20 increase will be followed by a £30 increase the year after. As Martin Lewis would say, you get nothing for loyalty. My wife's RAC breakdown cover ended up being £140 through year on year increases, despite no claims.

Share this post


Link to post
Share on other sites
16 minutes ago, Steve van hool said:

Just about the worse thing you can do is renew with the same company year in year out, a £20 increase will be followed by a £30 increase the year after. As Martin Lewis would say, you get nothing for loyalty. My wife's RAC breakdown cover ended up being £140 through year on year increases, despite no claims.

 

Never had any issues with that and CK; I've challenged them on it and they've brought the price back down to what it was

 

Every time I've gone elsewhere for quotes; prices have gone much higher... 

Share this post


Link to post
Share on other sites

^^^^ No problems Dan, just trying to get the poster to get a comparison check such as Gocompare site, I pay £153.00 fully comp for my E39 528i with 9 years NCB. 

PS Sorry about the fb hacked message the other day, hopefully you didn't open it. 

Share this post


Link to post
Share on other sites
1 hour ago, Steve van hool said:

^^^^ No problems Dan, just trying to get the poster to get a comparison check such as Gocompare site, I pay £153.00 fully comp for my E39 528i with 9 years NCB. 

PS Sorry about the fb hacked message the other day, hopefully you didn't open it. 

 

Ah that's what it was :lol: I just binned it pal; knew it wasn't genuine :) 

Share this post


Link to post
Share on other sites

It's a funny old game this insurance lark.  Last year Tesco put my fully comp policy for the 2003 530d up to £342 from £198!  

Went straight to the good old Compare The Meerkat site and lo and behold the best quote was Tesco at....£!98.00!

Phoned them directly and after quite a few, 'Can you hold on for a minute'  conversations they apologised and confirmed the £198.  Bad news is they have increased cover by all of £15 this year.  Late last year I was seriously tempted to buy a 2007 Chrysler 300c, one of those cherished with no expense spared type cars.  Not only was it difficult to get a quote but the cheapest was £890, again by Tesco who hinted they didn't really want to know about it.  I have always wondered why.

Share this post


Link to post
Share on other sites

The other thing I would advise against in Insurance is " auto renewal" it works in the insurance companies favour, and makes folk to blasè, at renewal time. I phoned my company at renewal time to enquire on a £67.00 increase in premium, despite no claims being made, "Ah, that's because you had an introductory bonus" was the response, No Schit Sherlock, I would now like a loyalty bonus or I'm walking. I walked, got a premium elsewhere at £85.00 cheaper. For the sake of a 5 minute phone call it is worth it folks, and avoid auto renewal, it will affect your premium.

Share this post


Link to post
Share on other sites

Thanks for all replies, well after going on Martins Money Tips and going through their cheap insurance link, I managed to put my details in 5 comparison sites and dully received my quotes, the best come in at just over £300 but by the time I add on Legal cover and NCD protection and finding that the access is usually £600/800 i think I will have a word with Cris Knot and see what they can do, thanks tim.:rolleyes:

Share this post


Link to post
Share on other sites

Change the excess and get excess insurance. Costs about £45 for £1000 cover and it can save you more than it costs

 

All comes down to area, risk etc.. as others have said. We find some of the smaller names more competitive but those same names woudln't cover us if we were in a larger town or city. Also find switching between the online and phone based versions of the same compnies can yeald a difference (such as quote me happy/aviva or Darwin/UKI). 

 

If your defo keeping your car for 12 months then Adrian Flux could be a good choice. They've always offered to beat the lowest premium I've got and always have but if you ever want to cancel, your not getting more than about £2 back after the cooling off period nor a decent premium if you change car mid-policy as you lose the price match discount. There's a forum discount code for them and they're most helpful when you speak to them

Share this post


Link to post
Share on other sites

Have just had a quote from Direct Line and for the same amount of cover they are quoting £359 and Chris Knott quote is £511.

what are Direct Line like and is it worth changing and saving £61.

tim

Chris Knott uses Highway Insurance which I believe is LV

Share this post


Link to post
Share on other sites

Have been in contact with Chris Knott this morning and sent them some screen shots of the Direct Line quote which ended up at £377 for like to like, have just had email from CK to say Highway will match the DL  quote. so ended up with a saving of £42. so not a bad result.tim

Share this post


Link to post
Share on other sites

Think your saving was more like £140.

 

Regarding Direct Line, my missus was involved in a serious no fault collision, and the other party were with D.L.   It was unexpected and really impressive the way they reacted, after full liability was confirmed.  Both my wife and her mother were hospitalised and DL rang me every other day to enquire if they could be of any further help including, if needed, the services of private physiotherapy when discharged. The eventual compensation payments were good.  The only down side was my battle royal with their outside firm of assessors who attempted to do a Dick Turpin with regard to the value of the written off car.  Managed to beat the barstewards in the end though.

Share this post


Link to post
Share on other sites

Sorry looked like i had a senior moment, I don't know where I got the £515 price from the renewal quote was £419 . Tim

it might have something to do with my one finger typing

Share this post


Link to post
Share on other sites

I tend to use the website of furry Russian sounding critters, it keeps my details year on year and reminds me when my insurance is due...

 

This year I can get fully comp on my E39 ///M5 for £163 but it's with £600 excess and a company I've never heard of (but they could be worth a punt) whereas for £231 I can get the same cover with £150 compulsory excess and that would be with the AA. There are several others in the same sort of ball park as well.

I've yet to find a better deal over the last 7 or years when looking elsewhere.. Sergi seems to have a great offer each time I look...

 

They even came up trumps when I needed to insure a 2nd car with 0 years NCD, they end up being £500 cheaper that Aviva who would mirror my existing NCD years...

Share this post


Link to post
Share on other sites

I too hate the annual grind of comparison site trawling for the most competitive quote.

I don't know how old the OP is, but I am 76 years old & will no doubt soon fall foul of the 'screw him for a quote as he's an old git' mentality ... this is despite 57 years driving experience & a full NCD. My other half & I are both retired with fully comp. SDP only cover with Direct Line  at the moment & will wait to see what the renewal quote is in May.

We don't have Agreed Value cover on the BM due to it's low market value :sad: but also being a Classic car owner I've found that many insurer's won't offer AG now unless the vehicle is garaged ... have other folks found the same ?

I will certainly try Chris Knott this time around, at least for the BM.

Share this post


Link to post
Share on other sites

Age 75 this year have over 40 years no claim no convictions no points, car on the driveway, and doing less than 3k miles a year.

i did query CK car valuation at 24k and possibly worth about 10k but they said it did not affect the price of the policy.

i do get the feeling that once passed 70 years of age the prices are only going one way.tim

Edited by oldtechnoman

Share this post


Link to post
Share on other sites
On 3/10/2021 at 7:21 PM, oldtechnoman said:

Age 75 this year have over 40 years no claim no convictions no points, car on the driveway, and doing less than 3k miles a year.

i did query CK car valuation at 24k and possibly worth about 10k but they said it did not affect the price of the policy.

i do get the feeling that once passed 70 years of age the prices are only going one way.tim

 

You are spot on with the age thing ... I called Chris Knott today & was informed that the Insurance company CK use the most will not insure any driver (policy-holder or named driver) over the age of 75. Their best shot for me (76 but with a full NCD) was £475 so I didn't bother asking about any policy excess.

Further proof of this age discrimination comes from our current insurer who quotes an extra £78 + an extra £250 policy excess if the car is insured in my name, as opposed to me being on the policy as a named driver.

Last year (when I was 75) it was the other way around, £14 cheaper for me to be the policy-holder rather than my partner who is several years younger than me.

Share this post


Link to post
Share on other sites

Renewal quote from our current insurer is actually £7.00 less than last year, plus there should be a small saving due thanks to our greatly reduced mileage thanks to covid restrictions.

It does appear that we will have to continue with my partner being the policyholder in the future (she is 7 years younger) which means I will eventually loose my NCD.

My own classic car insurance is due in August ... i wonder if that will be subject to the 'over 75' discrimination.

Share this post


Link to post
Share on other sites
Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×