Member Since: 23 Jul 2015
Location: Manchester
Posts: 662
10% renewal increase, nothing's changed
Just had my renewal, from £760 to £840. I thought to myself, ah it's just the old renewal trick, they're trying their luck
Had a look on comparison sites and they're even more than the new renewal price.
Nothing has changed, another year's no claims, I don't know how they can justify increasing it
Obviously I have to just suck it up and pay it, mad isn't it D4.5 Facelift, Lazer ST4, Prospeed underbody and rack, IID BT, Compomotive/BFG KO2, Series MFlaps, RAI, Dog Gd+XBB, Alive Tuned, T-Max/YellowTop, RemoteFBH, GlassesMod, WheelWinchMod, Jack Mod, LED Mods, Seized Crank Mod....
8th May 2017 5:59 pm
BBDisco3
Member Since: 23 Nov 2008
Location: Cheshire
Posts: 3646
Things have changed - this time last year the insurance premium tax (IPT) stood at 9.5% but since then it has increased to 10%.
Furthermore if you have a June renewal the tax rate increases to the new 12%
8th May 2017 6:26 pm
DSL Keeper of the wheelie bin
Member Since: 11 May 2006
Location: Off again! :-)
Posts: 73132
Plus there was a change to the compensation levels that stuffs up everyone's premiums.
make sure you shop around though.... never accept a renewal quote straight off!
8th May 2017 6:30 pm
mz mini
Member Since: 02 Jul 2014
Location: Sunny Devon
Posts: 1759
Just had same issue told LV I told them that we would be leaving and would no longer be renewing any of the cars that we have with them , LV soon folded now back to last years renewal price Land Rover 90 - deceased
Discovery 3 - deceased
Discovery 4 2013
Mini Cooper S 1964 Mk1 - International Rally winner red & white
Mini Cooper s 1964 Mk1 - Road Rally champion green & white
Mini Cooper S 1971 Mk3 - original and unrestored
Porsche 911 997
Porsche Boxster 3.4S
VW Polo 1.2
Citroen Xsara Picasso - shed/run around
8th May 2017 6:51 pm
spikekellyrm
Member Since: 23 Jul 2015
Location: Manchester
Posts: 662
Ahh thanks guys.
I'll threaten to leave and give it a go but probably just pay it anyway. All these hikes in rates due to people getting run over and stuff D4.5 Facelift, Lazer ST4, Prospeed underbody and rack, IID BT, Compomotive/BFG KO2, Series MFlaps, RAI, Dog Gd+XBB, Alive Tuned, T-Max/YellowTop, RemoteFBH, GlassesMod, WheelWinchMod, Jack Mod, LED Mods, Seized Crank Mod....
8th May 2017 8:40 pm
spikekellyrm
Member Since: 23 Jul 2015
Location: Manchester
Posts: 662
Just called and told them that the comparison sites were cheaper.
I gave them a fictional quote and funnily enough they 'worked really hard but managed to beat it' by £1.
Another year done D4.5 Facelift, Lazer ST4, Prospeed underbody and rack, IID BT, Compomotive/BFG KO2, Series MFlaps, RAI, Dog Gd+XBB, Alive Tuned, T-Max/YellowTop, RemoteFBH, GlassesMod, WheelWinchMod, Jack Mod, LED Mods, Seized Crank Mod....
15th May 2017 5:37 pm
FISHBOY
Member Since: 06 Sep 2010
Location: Kent
Posts: 754
Ive just had the annual Insurance saga... and got to say its barking.
Last year paid £633 for on my 64 HSE and the wifes 200bhp Clio Cup.
Last week got the renewal at £828. Phoned them up and instantly got £80 off to £750...
Though ok - that's better and more realistic as last years premium covered a R Line Treg for 4 months before I switched back to another disco.
Anyway - advised them about a plate change - nothing fancy just a 6 digit with HSE at the end.
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM! Insurance went from £520 for the disco to £1000 and bringing the grand total to £1250. Told them to poke it.
Phoned around the big houses and got the multi car quote back down to £750.
Current insurer then called me up yesterday and said "Sorry sir - system error - number plate change will have no effect on premium".
So come back to full circle and back down to £750 with the original big house...
What a par larva
Now to tackle my energy bills Last of the D4 HSE...
16th May 2017 7:24 am
craigc
Member Since: 26 Feb 2010
Location: swansea
Posts: 143
We have been with LV for years for both car. Last year I changed D3 for D4 Landmark rang up to change cover, sorry sir but we will not cover your new car😳 After long wait. Sorry we don't cover cars of that value with out Tracker fitted 😤 Shopped around, AA cheaper happy days, this year £300 more?? A lot of company wouldn't quote 😳 Seams more wanted Tracker fitted. AA came down a bit but not much, now gone with A Plan about same as last years 👍
16th May 2017 8:39 am
Someone-Gone
Member Since: 21 Dec 2015
Location: Gone
Posts: 5117
spikekellyrm wrote:
Just called and told them that the comparison sites were cheaper.
I gave them a fictional quote and funnily enough they 'worked really hard but managed to beat it' by £1.
Another year done
You were lucky. Most insurance companies within seconds can trace quotes done via comparison sites. I know, I quoted a genuine comparison price to them and they were able to look at the quote.
16th May 2017 9:50 am
gje
Member Since: 09 Mar 2014
Location: world
Posts: 488
I seem to recall that if you delete your browser history and clear all 'cookies' then gocomparethemeerkat sites cant track you?
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
Insurance went from £520 for the disco to £1000 and bringing the grand total to £1250. Told them to poke it.
