iRobot
Member of DD Central
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Post by iRobot on Oct 24, 2023 16:22:18 GMT
I wonder how many insurance companies there really are? I say that because I know dozens of them use the same underwriter and some are just brand names of others. If there are just a handful of underwriters, could it mean if one changes policy then that has a huge affect on the market as a whole? suggests there are 96 motor insurance underwriters active in the UK. They give an interesting example with Churchill / U K Insurance Limited. UKIL has 15 'brands' within its' insurance group and some 27 'partner brands', including car manufacturers. (Although not all brands / partner brands necessarily do motor insurance.)
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adrianc
Member of DD Central
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Post by adrianc on Oct 24, 2023 17:00:14 GMT
"Accelerant Insurance"...?
Favoured by arsonists?
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michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Oct 24, 2023 19:42:23 GMT
I wonder how many insurance companies there really are? I say that because I know dozens of them use the same underwriter and some are just brand names of others. If there are just a handful of underwriters, could it mean if one changes policy then that has a huge affect on the market as a whole? suggests there are 96 motor insurance underwriters active in the UK. They give an interesting example with Churchill / U K Insurance Limited. UKIL has 15 'brands' within its' insurance group and some 27 'partner brands', including car manufacturers. (Although not all brands / partner brands necessarily do motor insurance.) I hope you didn't count them all? 
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Oct 25, 2023 9:53:35 GMT
"Accelerant Insurance"...? Favoured by arsonists? Can you insure it against fire
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Jan 5, 2024 13:01:14 GMT
Any recommendations, just got a renewal quote 50% up on last year!
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Post by overthehill on Jan 5, 2024 15:07:21 GMT
Any recommendations, just got a renewal quote 50% up on last year!
50% increase seems about right. Mines went from 150 to 220, ageas/rias. The question is probably was your last years price good ?
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Jan 5, 2024 15:15:58 GMT
Any recommendations, just got a renewal quote 50% up on last year!
50% increase seems about right. Mines went from 150 to 220, ageas/rias. The question is probably was your last years price good ?
Was £400 last year quoted £600 this year, full no claims, it is unlimited mileage and business use, but seems a bit of a big jump. Just got another quote came out at £700.... I'll look around a bit more tomorrow.
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Post by bracknellboy on Jan 5, 2024 15:33:48 GMT
Any recommendations, just got a renewal quote 50% up on last year! use one or several comparison sites: I know you know this, but I managed to slash my car insurance renewal quote to less than I was paying the previous year. I can't remember the exact numbers, but it was significant. If you want a shortcut, you could try Tesco Insurance: when I was getting my quotes they were coming out very well in terms of price: both for car and house insurance. Which makes me think they are keen to expand, and this was mid to late December for an early Jan renewal. I went with both and ditched our multi-cover policy (two cars, one house) with Admiral.
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Greenwood2
Member of DD Central
Posts: 4,377
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Post by Greenwood2 on Jan 6, 2024 7:56:20 GMT
Any recommendations, just got a renewal quote 50% up on last year! use one or several comparison sites: I know you know this, but I managed to slash my car insurance renewal quote to less than I was paying the previous year. I can't remember the exact numbers, but it was significant. If you want a shortcut, you could try Tesco Insurance: when I was getting my quotes they were coming out very well in terms of price: both for car and house insurance. Which makes me think they are keen to expand, and this was mid to late December for an early Jan renewal. I went with both and ditched our multi-cover policy (two cars, one house) with Admiral. Tesco looking good, now where's my Clubcard...
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Post by bracknellboy on Jan 6, 2024 8:27:18 GMT
use one or several comparison sites: I know you know this, but I managed to slash my car insurance renewal quote to less than I was paying the previous year. I can't remember the exact numbers, but it was significant. If you want a shortcut, you could try Tesco Insurance: when I was getting my quotes they were coming out very well in terms of price: both for car and house insurance. Which makes me think they are keen to expand, and this was mid to late December for an early Jan renewal. I went with both and ditched our multi-cover policy (two cars, one house) with Admiral. If you have trouble finding it....you can use mine 
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mah
Member of DD Central
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Post by mah on Jan 7, 2024 20:01:47 GMT
I recently bought it for my relative for around £250 with all extras incl breakdown, legal, key, NCD, etc. - bank of scotland. Her premium went up to nearly £1000. However, the major saving was removing her 19 yr old grand daughter.
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Post by moonraker on Jan 8, 2024 10:59:14 GMT
In one of the weekend Times newspapers there was an article about the very high cost of insuring E cars because of a shortage of knowledgeable mechanics able to carry out repairs and the cost of new batteries.
(There was also an article suggesting that the cost of installing a heat pump in a house like mine would be £20K, as re-piping would be necessary. How many people can afford to "go green"?)
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adrianc
Member of DD Central
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Post by adrianc on Jan 8, 2024 13:23:33 GMT
In one of the weekend Times newspapers there was an article about the very high cost of insuring E cars because of a shortage of knowledgeable mechanics able to carry out repairs and the cost of new batteries. Well, it is Murdoch, so I'm not sure how much I'd take it as gospel... www.fleetnews.co.uk/news/insurance-industry-defends-high-premiums-for-electric-vehiclesShort version - Teslas are expensive to fix, and some insurers are applying Tesla actuarial data to non-Tesla EVs. Some of that is because Teslas have so much driver-aid guff that needs recalibrating. Reading about this elsewhere, Tesla seem to be uniquely awful for parts supplies, too - and parts supply delays mean longer off the road means higher hire car costs. Any BEV that's been badly collision damaged enough to need a new battery is almost certainly a write-off. Did the journo visit your house while writing the article? If not, then how would they know? Higher temperature heatpumps are coming through now, so the only real difference would be extending the pipework to the external pump instead of the internal boiler. We've got wet UFH downstairs, and over-size "retro"-style steel rads upstairs (18thC stone house), so changing to ASHP from gas should be relatively straightforward. Which, since this is the third winter in a row that the (bulk LPG) boiler's been giving us hassle, might be sooner rather than later... Various local friends have had ASHPs retro-fitted, and been delighted with the results. Knock £7.5k off the cost, and I doubt it'll be too much pricier than a replacement gas one. www.gov.uk/apply-boiler-upgrade-scheme/what-you-can-get
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michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Jan 8, 2024 13:48:24 GMT
In one of the weekend Times newspapers there was an article about the very high cost of insuring E cars because of a shortage of knowledgeable mechanics able to carry out repairs and the cost of new batteries. Well, it is Murdoch, so I'm not sure how much I'd take it as gospel... www.fleetnews.co.uk/news/insurance-industry-defends-high-premiums-for-electric-vehiclesShort version - Teslas are expensive to fix, and some insurers are applying Tesla actuarial data to non-Tesla EVs. Some of that is because Teslas have so much driver-aid guff that needs recalibrating. Reading about this elsewhere, Tesla seem to be uniquely awful for parts supplies, too - and parts supply delays mean longer off the road means higher hire car costs. Any BEV that's been badly collision damaged enough to need a new battery is almost certainly a write-off. Did the journo visit your house while writing the article? If not, then how would they know? Higher temperature heatpumps are coming through now, so the only real difference would be extending the pipework to the external pump instead of the internal boiler. We've got wet UFH downstairs, and over-size "retro"-style steel rads upstairs (18thC stone house), so changing to ASHP from gas should be relatively straightforward. Which, since this is the third winter in a row that the (bulk LPG) boiler's been giving us hassle, might be sooner rather than later... Various local friends have had ASHPs retro-fitted, and been delighted with the results. Knock £7.5k off the cost, and I doubt it'll be too much pricier than a replacement gas one. www.gov.uk/apply-boiler-upgrade-scheme/what-you-can-getTypical boiler swap out is now £400. £300 for the gasman, £100 for his labourer and done in a day. Another few hundred for the boiler, flue, bit of pipe and a few valves and job done. www.ebay.co.uk/itm/256116394556
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adrianc
Member of DD Central
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Post by adrianc on Jan 8, 2024 14:28:49 GMT
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