yep, increases of £100 per year or more are normal.
nope, there has to be a better way
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Hi all,
I think this year the insurance companies want to rip me off even worse than last year!
I moved to the UK 3 years ago and only in 2009 I bought a car here, a Y-reg Ka (2001, Collection series). I thought I was getting a particularly good deal with the car purchase itself, so I bit the bullet and paid £540 for that first year of insurance with Virgin Money. I Compared the Meerkat (tm) and found they were one of the few who did not add to the premium because of the EU license (as if I should be thankful for not being discriminated ...) This year, well in advance of the renewal date I've been to price comparison websites to find that even adding 1 year of NCD the price will be around £750!
I've made more simulations to try and find out what is going on. I tried simulating with a newer car, tried to add additional NCD years, tried to say that my license is full UK (I could pay the fee of £50 to replace my current one)... and nothing. The typical price is about £1000 and the cheaper ones are around £750. I cannot believe this!
What kind of insurance are you guys paying? have you noticed a price increase for this year as well?
3 years no claims ona 1.6 sport ka, £550 fully comp im 21 years old and about to to get my 4 years no claims in a month or so. ] most people have to pay out nearly a grand in there first few years of driving. sounds pretty normal to me
Thanks Matty. My question to you is: has your insurance premium been increasing year on year by £200 at a time?
In my case, I have had my driver's license for 11 years now, so I really am not an inexperienced driver. I would expect that all else being equal, with one year of NCD added, the premium for 2010 would be lower than the one for 2009!
Latest AA index shows average quoted comprehensive car insurance premium rose by 7.2% between September and December last year [...] Drivers look set for a nasty shock when they renew their car insurance this year, after premiums recorded their biggest ever increase during the last three months of last year.
According to the latest AA British Insurance Premium Index published today, the average insurance quote for those shopping around for a renewal rose by a wallet-busting 11% between September and December.[...]
A bit more shopping around revealed: if I am the first driver and my fiancee the named driver, the price is £600 if my fiancee is the 1st driver and I am the named driver, then the price is... £480
fascinating that i have a drivers license since 1997 and she has a UK provisional license since last year...
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