ChatterBank1 min ago
Why has my car insurance quote jumped by around 35%
I insured myself, my husband and son on our 2.3l toyota avensis last year for around £650.
This year we are getting quotes of £1000 which i can't understand despite searching numuerous comparison sites.
I know premiums have gone up this year and my son is 23 but i didn't expect such a large jump. Anyone have an idea why?
This year we are getting quotes of £1000 which i can't understand despite searching numuerous comparison sites.
I know premiums have gone up this year and my son is 23 but i didn't expect such a large jump. Anyone have an idea why?
Answers
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No best answer has yet been selected by 0405453a. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Actually from the figures you quote the rise is over 50%.
Motor insurance premiums are generally rising (and I think this year’s average is about 20%). So even somebody who has a full no claims bonus (i.e. one that cannot go any higher) and has had no accidents, claims or convictions can still expect to pay considerably more.
The main reason for this is the excessive costs of meeting many personal injury claims. These have risen in number and costs because of “ambulance chaser” solicitors encouraging people to make claims for injuries where, without such advice, they may not have bothered. Many of these claims are also fallacious.
Having said that a 50% increase does seem a bit hefty.
Motor insurance premiums are generally rising (and I think this year’s average is about 20%). So even somebody who has a full no claims bonus (i.e. one that cannot go any higher) and has had no accidents, claims or convictions can still expect to pay considerably more.
The main reason for this is the excessive costs of meeting many personal injury claims. These have risen in number and costs because of “ambulance chaser” solicitors encouraging people to make claims for injuries where, without such advice, they may not have bothered. Many of these claims are also fallacious.
Having said that a 50% increase does seem a bit hefty.
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I have recently had my renewal from Direct Line. Last years premium was 400, this years 650, which without working it out I make it around a 60% increase? I have had no claims or convictions in this past year so even though I expected a rise this is ridiculous!!
Is there a regulatory body we can approach to make an appeal?
Is there a regulatory body we can approach to make an appeal?
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