Author Topic: Honda Car Insurance  (Read 11990 times)

CB72

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Re: Honda Car Insurance
« Reply #135 on: September 20, 2023, 10:23:22 AM »

Carinsurance prices hit record high
New figures show premiums
have risen by 21%, reports
Dean Sobers
Drivers are paying 21% more
for insurance than the
same time last year, an
industry body has said.
Insurers
The Association of British
(ABI) says that premiums for April to
June this year are the highest since it
started tracking prices in 2012. It says
the average cost is now £511. But
other groups have found the increases
to be even higher.
Price comparison site Confused.com
says it has seen a 40% increase in
prices over the same annual period.
It says prices are the highest they 've
been since its index began in 2006.
It publishes average figures reflecting
quotes offered through its website.
The steep increases come despite
inflation overall being under 10% and
starting to fall.
The industry suggests that most of
the blame is due to 'claims inflation'
- the bundle of costs associated with
settling claims. These include costs of
replacement parts, second-hand cars,
year from
energy and 1abour. In the
Jan-March 2022, vehicle repair costs
reportedly leapt by 33%.
Premiums had been at record lows
in 2021, largely due to reduced traffc
levels during the pandemic, >>
OCTOBER 2023 WHICH? MAGAZINE

Expatman

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Re: Honda Car Insurance
« Reply #136 on: September 20, 2023, 02:04:08 PM »
I wonder how much the increases are due to the growth in number of electric vehicles. If one is involved in an accident which could even possibly compromise the battery then the car is often written off because the battery cost is often over 1/3 of the new car price. That gets very expensive very quickly for Insurance Companies who will inevitably spread the cost rather than load it onto electric cars and incur the wrath of those seeking to get us all into EVís very quickly.

olduser1

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Re: Honda Car Insurance
« Reply #137 on: September 20, 2023, 03:31:10 PM »
I know of Tesla in a bump with older model Fiesta - now repaired. The insurance company wrote the Tesla off unable to tow it away because of fire risk it's in a massive compound with other electric vehicles........engine area still warm after 4 months storage.

Kremmen

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Re: Honda Car Insurance
« Reply #138 on: September 20, 2023, 03:56:26 PM »
And they reckon EV's are the future

If the £40k+ initial cost doesn't put you off then the looming insurance will.
Let's be careful out there !

Westy36

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Re: Honda Car Insurance
« Reply #139 on: September 20, 2023, 09:26:32 PM »
I know of Tesla in a bump with older model Fiesta - now repaired. The insurance company wrote the Tesla off unable to tow it away because of fire risk it's in a massive compound with other electric vehicles........engine area still warm after 4 months storage.
That's scary stuff. EV's are selling in record numbers, yet this info is not out there. Do vosa/mira have research on this?

So EV's on ferries, channel tunnel, multi story car parks, residential car parks under block of flats? Are they safe if hit whilst parked?

 

Jazzik

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Re: Honda Car Insurance
« Reply #140 on: September 20, 2023, 09:37:46 PM »
I know of Tesla in a bump with older model Fiesta - now repaired. The insurance company wrote the Tesla off unable to tow it away because of fire risk it's in a massive compound with other electric vehicles........engine area still warm after 4 months storage.

Is this verified information or is this hearsay? Maybe somewhere to check? Link?
If nothing goes right, go left!

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