Can anyone recommend insurance please? Mine is due for renewal and I was hoping with 9 years no claims, it would be cheaper....

 

Thats funny, I just got my insurance renewal yesterday and thought the same thing. I checked around and both Geico and Esurance were less than my current one, but I am not sure if you guys have them in the UK.

 

Not heard of either. We have esure, but I am certain I had a quote from them previously and it was high. It's so annoying, especially when it is locked behind electric gates and garaged over night. Grrr.

 

tweets, I know this is going to sound silly, but you are most likely going to pay high rates because you are a good driver. Sounds silly I know. But, this is the insurance company's mind set: It is expected that you will likely get involved in a wreck like every 5 years and have to make a claim. Because you have been a good driver and avoided the accidents, you are due for an accident and they don't want to have you sign on with them and then have an accident, resulting in them having to pay out lots of money for someone who has paid them very little. You may find that if you can "make a claim" for say chips in the windshield or for something minor, that your premiums will drop, not go up. I know it sounds backwards, but if you talk to your insurance company, you may find an honest agent and they will most likely back up my story. I had an agent that said that part of the reason why my rates were so high at one time was because I didn't have a claim for a long time and they knew it was only time before I would have one. So, the rates were going up with the hope that I would jump ship and end up at some other insurance company when I had my accident.

 

If the car insurance business in the UK is like it is in the USA, then rates will vary by location and many other factors. Advice from others regarding premiums really isn't very useful since circumstances vary. The best approach is to search the internet for ratings of insurance providers for (1) financial stability and (2) consumer satisfaction. What good are low premiums if they have poor claims service or are on the verge of bankruptcy? Choose from those insurance companies that have good ratings and get quotes from all of them. Make sure that coverages are identical so you're comparing applesapples-to-apples.

 

Insurance underwriting varies considerably around the World and what holds true for mainland UK doesn't even apply in Northern Ireland, let alone Europe or further afield. You should have posted this question in UK & Eire Region forum.

The Motor Insurance market in the UK is highly competitive. However, premiums are rising by 9% in 2018 and have risen by almost 30% since 2014 so shopping around is even more essential. When I started driving (legally) fifty years ago it was prudent to remain with the same insurer but this is no longer the case. I've run two cars for many years and never automatically renew with the same provider. Until this year neither car was ever with the same insurer at the same time. If you have more than one vehicle, a multi-car insurance policy is rarely a cheaper option.

Your 9 years NCB should get you a minimum 40% discount and some will offer up to 60%. The number of years accrued peaks at 12 with some and rarely exceeds 15 regardless of how many years claim free motoring you have. I haven't had a claim in 18 years (for a broken windscreen) but this has ceased to give any further advantage year-on-year. A clean driving licence is also a factor and any points will detract from the discount. Serious convictions can impact for at least 10 years.

Not garaged at night or on street parking and business use push up premiums. Pay only for what you need and don't include cover you don't require such as breakdown, courtesy car or foreign travel. It can make big differences even with the same provider.

As soon as my renewal notification arrives, I go on the comparison websites to find the lowest like-for-like provider. Once I find the lowest quote, I go back to my current insurer and start negotiations. Frequently they will match it but it's sometimes the case that other providers will offer a premium for 'new business' that can't be beaten.

My Jaguar has been insured with Admiral for the last 3 years - the longest continuous period I've been with the same insurer. Prior to this my daily driver Jaguars have been with Admiral, Churchill, Swiftcover and Norwich Union at various times over the last 20 years. My other car is always a prestige model for which the major providers won't even quote and usually has to be covered by a specialist broker but the same rules apply.

Graham

 

Hey I decided to go onto the comparison website, the one with the meercats. RIAS (AGEAS) was the cheapest/best offers at £368.99

I have 9 years no claims/no endorsements/low mileage

Windscreen Repair Excess £0

Compulsory Excess Applicable To Proposer £345

Compulsory Fire & Theft Excess £100

Voluntary Excess (Accidental Damage) £300

Windscreen Excess £60

 

I checked via the supermarket comparison site. XJ 3.0D. Male, 30s, two accidents with the last accident Feb 2015 (both non-fault claims), with maximum NCB, parked on driveway 50% of the time and the road the other 50%. 5k annual milage as I drive other cars. No additional excess over the mandatory. £315 is the cheapest with esure. In previous years it has been as low as £220, but as Graham mentioned premiums are increasing again.

My F-Type R cost £320 to insure back in October.

Location plays a huge factor in the costs.

 

in the US, I am paying approx $200 a month for 2 cars. This is with every discount applied.

Unfortunately, its a pain in the butt, but the trick is to get quotes from other companies (because they will have incentives to get new customers)...and go back and price match with your old company. if they dont bite, then you go with the cheaper new company...so its a win/win for you.

I have to do this with my internet provider every 2 years or so...but i always win

 

In the UK? Have you checked the Crimson Permanent Assurance Company? Or were they bought-out by the VBCA?

 

Buying the cheapest car insurance is like buying the cheapest parachute. If it doesn't work when you need it, you wasted your money and yourself.

 

I don't know anything about UK insurance, but I find pay per mile insurance much cheaper. I got sick of arguing with my insurance agent why my cars (that basically would just be totalled in a fender bender like everyone else today m) cost so much to insure. So I put half my cars on classic car insurance, another 2 on Metromile, and left the family crossover on the house otherwise they double your hazard rate. It's a complete con.

 

Better read that "classic car" insurance contract. You may think you're insured, but if you get into an accident your insurance company might deny your claim if: (1) it's your daily driver; (2) you use it for business; or (3) you exceeded annual mileage limits.

Generally speaking, most Classic Car insurance policies are for limited use, such as parades or exhibits. Daily use, either for business or personal use, is prohibited and include annual mileage limits.

Make sure that you understand your Classic Car insurance.

 

My policy has no mileage limits, and personal (pleasure) use is allowed. It is simply declared value and no deductible. Very easy to do if you have more cars than drivers in the household.

 

Daily driver or occasional recreational use?
Hagerty's rates for a car that's garaged most of the time are unbelievably good.

 

The OP was last on the forum 2 years ago and 9 days after posting the question. He followed the advice given and insured the vehicle the same day as the original post.

I thought at the time the question was more appropriate in the REGION forum as insurance terms and rates vary so widely across the World. Because tweets1964 resolved his own question the same day, I left it here. However, rather than see it resurrected again and again, it's time to CLOSE THE THREAD.

Graham