New (but same car) higher insurance

[R2D3]

In the process of changing my 2022 Crosstar for 2025 model (even the same colour).  Expected no change to insurance premium but LV want an extra £56 for the remaining 10 months on the policy - more than 10% extra.

Is this normal?  They say they cannot tell me why other than it's new.  I asked, in that case as it gets older will the premium reduce? You can guess their reply.

[Pine]

The premium is bound to be higher.  If your new car is written off the insurance company is going to have to pay out a lot more for a 2025 Crosstar than for a 2022 model.  Also LV quoted me such a ridiculous renewal price I was forced to go to another company (Allianz).

[Tombola]

The premium is bound to be higher.  If your new car is written off the insurance company is going to have to pay out a lot more for a 2025 Crosstar than for a 2022 model.  Also LV quoted me such a ridiculous renewal price I was forced to go to another company (Allianz).

LV is part of the Allianz group

[DAN@ADRIAN FLUX]

Hi.
When your policy is due up for renewal please feel free to give us a try for insurance if you wish.
Regards,
Dan.

[jasonevans]

New car is worth more so there is normally a slight adjustment.
Worth shpping around when you get to renewal time.

[Lord Voltermore]

A big proportion of an insurance premium is to cover the risk  of having to pay compensation for personal  injury or death, which can run into the millions.   Whereas when I was getting quotes for a 14 year old Yaris, worth at most £2000   some insurers quoted the same price  for comprehensive cover as they did for third party fire and theft ,as their additional risk would only be writing off £2000 .

Its understandable that as they now risk having to pay £30,000 to replace a new car rather than £20,000  value for a 3 year old car it may  increase the premium   ,especially as some insurers  companies will replace new for old during its first year or so.      But the actuarial increase in risk  may not be clear cut so its still worth 'shopping around' for a better deal. 

[Karoq]

Try Tesco. They are a stand alone PROPER insurance company, not a mickey mouse broker like  the banks and John Lewis. They are very bad news in my experience.
AVIVA quoted me £550 for my eNiro. Tesco did it for £385. I also have my house insurance with them as that, also, was cheaper than the robbers AVIVA. At least Dick Turpin had the decency to wear a mask!

[NetworkMan]

I have frequently used confised.com to get a selection of quotes for both car and house.  What's more I got a £20 Halfords voucher paid out of their commission.