Average car insurance £995

[Berin]

So it’s not the motor insurance industry persecuting GSer’s alone.

Average UK car insurance quote hits record £995

Rise in prices comes after insurers register surge in cost of claims

www.ft.com

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[er-minio]

I'm not the one that will defend motor insurers, don't get me wrong... but what's the average car value though?
How's the crime rate going?

 

[Simon_100]

That's the average quoted price, the average policy actually taken out and paid for was £5-600

 

[DJ123]

probably doesn't help that your average new Range Rover is (probably) 10k+ to insure.......

 

[er-minio]

Yep

In my saga to re-insure my bikes, in between of all my ranting (I have a short temper ) it came out that, at least in London, it is difficult to insure motorbikes and almost impossible if you have non standard parking set-up.

I had to run about 15 quotes both as multi-policy and also splitting the bikes individually. A lot of quotes I got for the GS alone were around 4/5k per year when trying to quote it as a new policy with 0 NCB.

Ended up insuring all three of the bikes (2 together, 1 alone) for a grand total of 1200. But, yes, if we factor in all the quotes, the final figure would be much higher.

As DJ says, probably the same applies for cars. And big cities will sway that number.

 

[Berin]

That's the average quoted price, the average policy actually taken out and paid for was £5-600

According to this the average actual cost is nearly £1000, 58% increase on last year.

Average car insurance cost in UK nears £1,000 after prices rise 58%

Young drivers face huge increases as soaring costs help push up inflation

www.theguardian.com

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[Wapping]

From that article:

She added: “While it looks like [premium] increases could be slowing down for now, we still need to be doing what we can to keep these costs as low as possible. Things like increasing security, reviewing how many miles you drive or adjusting your excess could bring your overall cost down. Ultimately, shopping around is the only way to know you’re paying the cheapest price available to you.”

And there you have it.

 

[Simon_100]

According to this the average actual cost is nearly £1000, 58% increase on last year.

Average car insurance cost in UK nears £1,000 after prices rise 58%

Young drivers face huge increases as soaring costs help push up inflation

www.theguardian.com

The Radio 4 PM show last night interviews a chap from the Insurance Broker's who spike of the difference between the two figures and that the lower one was the more meaningful - for obvious reasons really ...

 

[Santa-2512]

If insurer's are unhappy with the rising costs they are having to pay out,

Why not put the pressure onto the manufacturers of said products to reduce costs / increase security, rather than make the end user pick up the costs

Or better still a few law changes to make car / bike theft so punitive it actually becomes a deterrent

 

[er-minio]

put the pressure onto the manufacturers of said products to reduce costs / increase security,

This is a point of view I don't fully understand.

It's what that despicable man that Khan is did when the first spike of bike theft started in London. As he always do, he blamed someone else, in this case he gathered motorbike manufacturers and had the gall to tell them it was their fault because motorbikes are too easy to steal.
If I remember correctly, one of the manufacturers told him politely where to stick it


Vehicles are not that easy to steal. And people can add security to them (as they should in cities).
Theft is an administration/policing issue.
Raise in insurance costs because of theft risk is something on govt's (local/central) hands.

 

[Wapping]

Why not put the pressure onto the manufacturers of said products to reduce costs / increase security, rather than make the end user pick up the costs

Do you see that as the job of an insurer or that of the vehicle buying public?

If it’s the vehicle buying public, most of them can’t be arsed to do anything, beyond moan. To that, I’ll add the bikermates who cannot be arsed to secure their awesome steeds, when abandoning them to chance on London’s streets. Maybe they just enjoy the walk home?

When an insurer imposes a condition into the policy, whereby a motorcycle is to be garaged, when not in use, all that bikermates do is moan. Or, they dream up more and more frankly ridiculous scenarios to bore the pants off the chimps in the call centres.

 

[Berin]

If insurer's are unhappy with the rising costs they are having to pay out,

Why not put the pressure onto the manufacturers of said products to reduce costs / increase security, rather than make the end user pick up the costs

Or better still a few law changes to make car / bike theft so punitive it actually becomes a deterrent

Well, same thing. If the manufacturer’s are forced to add multiple layers of security who do think is going to pay for it?

Second paragraph, completely. We already pay for the police and judiciary, but car crime (actually most crime) is pretty much a risk free enterprise since they don’t do their job


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[Wapping]

I understand that motor manufactures are already obliged to comply with the Thatcham company’s code, when selling any vehicle in the UK. This is unique to the UK and does not apply to the same vehicles when sold elsewhere in Europe. It’s a layer of red tape introduced by the UK.

 

[rovert57]

The government seem to want personnel transport to be the privilege of the well off , and one way of getting the unwashed hoards off the road is to make owning these vehicles is to make them almost uninsurable.
I remember when I first went to switzerland and nearby there was a motorcycle shop who used to leave a lot of his bikes out overnight. I asked him about bike thefts and he said we don’t have that problem here.

 

[er-minio]

seem to want personnel transport to be the privilege of the well off

I think this is a misconception.

The general "plan" is to limit/stop all private traffic within cities or larger urban areas. This has some sense (limiting it) as traffic is one of the major sources of pollution and people over-use private transport A LOT, especially for short and extremely short routes. Shifting those to public transport or active travel might be beneficial.

Then, the ways this is being done might be debatable. But I really do not think it is a matter of leaving it to "the rich".
Also, well off people have the luxury of not driving at all.

One the other hand one can argue that we're essentially handing over public infrastructure (the roads) to businesses only – or that by blocking private transport local government has full control over your travel budget and can fleece you accordingly (something something the ridiculous prices of trains in the UK) but it's a bit long-winded (and one of my personal tin-hat theories, I admit it ).

Not sure the insurance prices hikes are strictly connected to this to be fair.

 

[wessie]

I think this is a misconception.

It's utter bollox, that's what it is

The government is reliant on income from fuel duty and VAT from fuel sales. I cannot believe they want private vehicles off the road. The recent NI cuts have largely been funded by the swelling of their coffers from the extra VAT from the high fuel prices we have had in recent years.

 

[er-minio]

The government is reliant on income from fuel duty and VAT from fuel sales.

I think this is where the (proposed) shift to pay per mile road charging comes in.
And it's most probably not gonna be to make it more convenient.

I cannot believe they want private vehicles off the road.

Most of new housing developments are built without any parking space.
Councils are beginning to limit strongly second vehicles.
The push to limit private vehicle usage is already happening. At least in cities. Outside, different story.

They just have to shift where they get the money from.

 

[shedracer]

From that article:

She added: “While it looks like [premium] increases could be slowing down for now,

we still need to be doing what we can to keep these costs as low as possible. Things like increasing security, reviewing how many miles you drive or adjusting your excess could bring your overall cost down.

Ultimately, shopping around is the only way to know you’re paying the cheapest price available to you.”

And there you have it.

In 43 years of driving and riding over 3,700,000 miles, I’ve made one claim (a woman knocked me off my bike on a roundabout). I have passed the IAM test on bikes and cars, passed many advanced professional driver training courses, am driver assessed annually by a driver assessor, have full no claims discount and yet I’m deemed a higher risk than many young female drivers.

she says

we still need to be doing what we can to keep these costs as low as possible. Things like increasing security, reviewing how many miles you drive or adjusting your excess could bring your overall cost down.

what is the point in their customers giving them every little bit of our driver/rider personal information, if each individual is not assessed and quoted individually. Lowering your annual mileage is a cop out when an individual has proven they are a low risk. Increasing your excess is a cop out when once again an individual can prove they are a low risk.
how about the insurance industry encorage their customers get more training (rather than just the basic to past the test). Encourage or even demand the legal system hammers those that commit the crimes of damaging or stealing vehicles. How about the insurance industry insist that vehicle manufacturers fit robust and effective vehicle security (for instance, Rangerover-Landrover). How about they investigate the obscene cost of oem parts (the instrument screen on a Honda AT1100 cost £3600 plus labour to replace ).

maybe we should all just insure third party only and cover our own mistake personally, apart from the fact getting a third party only quote is very difficult

Brothers handed suspended sentences following police chase | MCN

hardly a deterrent for the thieving scum bags is it.

 

[Wapping]

It is not an insurer’s job to:

A. Change laws. That is what we have governments and elections for. There again, as can be seen from these pages alone, there are various competing calls for increased legislation (and, harsh punishment) for a whole range of offences. Picking the ‘right one’ might take the Home Secretary some time. There again, having draconian laws is one thing, enforcing them is quite another.

B. Demand that bods get training. A brief look at UKGSer will tell you that many here believe that they need no training, their unique skills having been finely tuned by years (or five minutes) of riding a motorcycle. They are indeed gods of the road. Feck me, they even moan when an insurer tells them to garage their motorcycle, when they are at home.

C. Police or set the pricing of spare parts and associated repair costs. There are moans on here when an insurer apparently refuses to allow a manufacturer’s dealership repair.

The insurance industry has responded to the ease of which some vehicles are stolen, by rendering them all but uninsurable. But, motorbike riders are often their own worst enemy. “I only left it for five minutes”, “I live in a quiet bit of the country and can leave the keys in the ignition”, “I never need to lock the door”; we see these comments all the time. Then we get the moans that some scrote has nicked their motorbike, from their garage or off their drive, whist they slept or sat inside (with a brew, naturally).

Insurance premiums are going up, no question about it. Motor premiums have lagged behind others time-wise but are now catching up. Even so, for every moan that it’s gone up from £125 a year to £190 a year, you’ll find another bloke who says that he’d bite an insurer’s arm off for anything under £250. Will they come down again? Yes, most probably. When, fuck knows. It has been what is called a ‘soft market’ for years, with loads of choice and giveaway pricing. It has stopped, market sentiment has hardened. Get used to it….. and keep shopping around. Can’t be arsed or that it’s just not fair? Tough shit, mate.

 

[Fluffmeister]

I've just reinsured my wife's HR-V Hybrid, not a bad postcode, renewal was over £900 with RCIB, via a couple of days work on comparison sites I have it down to £440 with all the options I / she needs with us both on the policy.

Lowest quotes I was getting were around £400, I went and checked out reviews of the companies quoting with the level of cover needed and ended up with Budget Insurance at £440.

As the car is a Hybrid, quite a few insurers refused to quote, or in the case of KwikFit via Compare the Market, £8919

Adrian Flux were coming in at over £900 justifying it with Hybrids are expensive to repair, replace, battery damage etc, all of which are true, but I called the 3 insurers I was interested in, asking them point blank "You know this car is a self charging Hybrid?" to which they all answered, yes, they can see that from the registration number and the information they have to hand.