Author Topic: Insurance shock.  (Read 43045 times)

Kremmen

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Re: Insurance shock.
« Reply #60 on: March 08, 2024, 05:06:28 AM »
When speaking with my broker friend yesterday he said my insurance rise is about right and he's heard of unacceptable DL quotes

What he did mention is that Chinese BYD have no parts network setup in the UK and he has heard of their cars having to be written off because spare parts are just not available

He pays just north of 500 for his Mazda CX-30 now and he did a paper exercise on a BYD Seal ....... 4,000 !!!!!
Let's be careful out there !

Lord Voltermore

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Re: Insurance shock.
« Reply #61 on: March 09, 2024, 12:18:30 PM »
I read something about this the other day.  Its not just BYD but other Chinese makers, and expected to affect some other Chinese makers planning to enter the UK market soon.    Its partly the shortage ,and long delays  for parts,  but also a lack of information  about how the cars can be repaired.

 The Uk insurance industry claim its because  the Chinese makers dont understand the Uk market,  where insurers  strive to return damaged cars to as good as new in the  shortest possible time    (But not necessarily cheaply   :( )
But in China and other Asian countries its more common for  even quite new cars  with a lot of crash damage  to be  repaired in a  very labour intensive way by a large workforce of very low paid panel beaters. 

Thus the Uk repair/insurers often write off a chinese car thats should be repairable.     But they are not squeaky clean. No doubt many  are bought cheap and repaired cheaply using more  'traditional skills' ,and making use of used parts etc. . (or stolen parts which again puts up insurance premiums ).   
  Trust a dog to guard your house  , but not your sandwich

Westy36

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Re: Insurance shock.
« Reply #62 on: April 04, 2024, 02:16:26 PM »
Re insurance shock, this post is about a nice shock!

My lad is 19yrs old, 2 yrs NCB and full licence. No claims or convictions, so full credit to him. He drives a 2012 Civic mk9 1.8 petrol and we were expecting the renewal to be c3000. Admiral have renewed his policy for 1550 comprehensive with a 400xs 14k miles per annum. I've checked all the details and it is correct. Premium paid in one as he's saved up expecting a 3k bill. Yeah, a nice surprise.  :D

Neil Ives

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Re: Insurance shock.
« Reply #63 on: May 11, 2024, 11:40:32 AM »
I've just received my renewal quote from AA insurance. Last year I ignored the notice and the insurance auto renewed at 669. I was shocked because that was much higher than the previous years premium. This years quote is 1,104!   :o I will be shopping around.
« Last Edit: May 11, 2024, 11:43:22 AM by Neil Ives »
Neil Ives

jasonevans

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Re: Insurance shock.
« Reply #64 on: May 20, 2024, 02:52:59 PM »
I've just renewed mine via a comparision site and it's gone up by only 7 ..  The renewal from my current insurer wanted an extra 125.. Hence why I switched and moved.  Mines a 2017 SE CVT Auto ( 1.3, UK Car )

Westy36

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Re: Insurance shock.
« Reply #65 on: May 20, 2024, 09:33:11 PM »
I've just renewed mine via a comparision site and it's gone up by only 7 ..   
Nice one! You are very much in the minority from what is being reported. Good to hear. Maybe the market is levelling out premium wise? There can't be much more to squeeze from us poor motorists!

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