I look for cheaper Tesla insurance. It doesn't go well...
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- Опубліковано 13 сер 2024
- Car Insurance. Its one of the big costs of motoring, and there's a lot of news stories about how expensive it is. So I wasn't exactly looking forward to renewal time.
When my quote came through from my current insurer it was bad. A 57% hike for no reason other than because. I had a look for alternatives, and for a brief moment I thought I would only pay 30% more.
Then I realised I'd got one detail wrong on the comparison site, and my cheaper quote had gone. What replaced it was complete madness!
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I think the problem is that although there are lots of insurance brands there are a limited number of underwriters, this means that there are in reality a few companies who provide the insurance.
the problem is ev sucks.
I think there is only two or three, that’s it
Well, that's an ignorant comment. Are you suggesting premiums are going up due to EV suckage?@@davidhocevar8510
I bought a Mk7 diesel Transit van a year ago that I use as a day camper van for days out my dog. I was with RAC but did comparison sites & finally took the Lloyd's quote for £179 Inc extra key cover & legal. There are advantages of being a pensioner, living in Devon & having an old vehicle 😊
I'm always amazed how premiums progressively increase while the vehicles real value depreciates. Even agreed values don't correspond to depreciation with a sanitary claim history.
Really, the insurance industry is core to a lot of problems we have today, not only with motor vehicles but virtually everything from property building to public events, everything is being persecuted into oblivion by a greedy unregulated insurance industry. The first thing they insure is the perpetuity of their profits.
The hire car scam that insurance companies use to push up the cost in a no fault bump is another reason. I had a no fault crunch and Admiral immediately directed me to a 3rd party that wanted to 'rent' me a hire car, which would be billed to the other drivers insurance. Rate was going to be 380 per day. PER DAY! Luckily I had use of another car for the time so told them where to go, but the other option would have been to accept a hire car from the other drivers insurance as they're looking to keep costs down. Shocking behaviour from insurance companies, which in turn is just putting up prices for everyone.
It does appear that we may be seeing the end of personal transport being affordable for many people. Higher car prices, insurance costs , fuel costs, RFL, potential road pricing ......... the freedom we have had may be restricted by evermore legislation and higher costs. Perhaps we should all go on strike for higher wages so we can afford to get to work.... or has everyone already done that!
All part of the plan...
The intentional end of personal transportation it looks like. Why the extreme control is needed I do not know.
Everybody just remove their license plates. If done en masse the authorities can't do anything.
I agree it's going up across the board. My ICE car insurance has gone up 27% from last year. Not 50+% but still up significantly more than inflation.
So EV insurance has essentially gone up 2x as much as ICE insurance. Could this be because EVs are not what you think they really are? Again, google "Insurance companies and EV fires" together.
About a decade ago a car magazine priced a Ford Focus built entirely of spare parts. It came out at around £75K, when at the time a new car retailed at roughly £14K. The problem is price gouging on spare parts. You've covered this yourself on a Tesla, £1,300 for a headlight, £2,000 for a starter battery. Elsewhere I've seen £2,500 for a windscreen. I suspect the insurers are basically calling time on this practice and saying to manufacturers that they will make their cars uninsurable unless parts prices fall.
Here in the USA rates can vary greatly and if you use online comparison sites you really don't get a good quote. I have found the best way to get reasonable insurance is to call several local insurance dealers to shop for you. I ended up getting insurance for my Tesla's that cost only $100 more than I was paying for my Ford Escape.
Just renewed my EV6 GT Line S (rwd) with LV. The renewal premium for 4 drivers aged 46 to 72 was £420 compared to £280 last year. This appears to be a good price but a ridiculous annual increase.
I really want a EV6, but insurance is just stupid for me.
Manufacturers need to build cars which are cheaper to repair, people are going to be taking notice like they haven’t before.
Get a repair quote for your own car but make them think it's an insurance claim.
When they give the price be annoyed and say I'm not paying that that's ridiculous and say you're paying cash on collection.
And see the difference.
That is not happening. Cars now have many computers, screens and other electronics. They are no longer driving machines. All of these come at a cost. When something breaks it requires to replace more components than before.
I just checked what the insurance would be for a new Model Y here in Germany. The best I could get was €930 (around 807 quid). Still expensive!
thats NOTHING for gods sake. 930 a year. i pay $2,256 for a 5 years old family ICE sedan, not for hire and all discounts for no accidents, no tickets, no for hire, anti theft discount. unreal how cheap people pay on here and they are COMPLAINING?
I am with Aviva and just put my order in for model Y. I did a quote on their site and they wanted £1600. However through a comparison site it was £600. And if I change my current vehicle to the Tesla it's again only £600
I renewed my M3LR in May. Mid 50s, 10+ years of NCD, 0 points, no incidents, etc. £825 with LV! Was £600 previously. Renewal (Admiral, who I'd been with for years) wouldn't match the £825. Bonkers prices 😀
This years renewals are crazy! Totally agree thats there is no real reason for it (other than cartel profit!)
Google "Insurance Companies EV fires" and the REAL reason for it, statistically significant data size, will be apparent. EVs are simply more dangerous vehicles from a fire liability standpoint, and insurance rates are finally beginning to reflect that reality.
Insurance for Teslas in the US was getting outrageous but when Tesla offered insurance that went away, What makes insurance hard to compare here is that you get a discount for having multiple cars and your home insured with the same company.
I live in Anaheim Ca and my Model Y comes to $110 per month, fully comprehensive, and $0 deductible with State Farm. The 10-year-old Ford Escape I traded in was $70 a month so I thought that to be reasonable for a car that does 0 to 60 in under 5 seconds.
So did mine. 30% or so. I questioned it (in fact told them I wasn't going to renew) and they reduced it and I'm actually paying less than I paid last year!
Insurance costs are crazy at the moment and isn't helped by huge car park fires. These have to be paid for and I am sure that will be part of the reason. Also lack of parts means they arrive slowly and that adds higher storage costs as well as car hire is for a longer period. So costs up , renewals up to keep profits up.
To be fair I can only think of one huge car park fire in the recent period. Though the impact on the insurance industry will be sizeable even with just the one!
I have a Cupra Born and oddly enough.. my renewal was cheaper than last year by £27 and my renewal was the cheapst I found through any comparison site so I'm currently paying £483 a year which in the grand scheme of things.. is really good.
Crazy insurance this year. My M3 LR has gone from £485 to £889 and that was the renewal rather than a comparison site, best I could get on there was over £1000! I actually was surprised by the renewal as I did have a claim this year that was 100% my fault - I went in to the back of a bus in a queue. I had to find out the cost of the claim for the comparison site - £2270 for in effect replacing the front bumper of my car and sticking a numberplate on the bus (yes that's all the damage there was). In my view it's the ridiculous repair costs that are causing the prices to rocket.
the reason for the price increase is because everyone wants a pay rise
it starts from the workers in the insurance company office to the garage staff to the parts people to delivery drivers they all need a pay rise
someone needs to pay for it
Rediculous cars that are very hard to repair. And parts are made of unobatinium
I'm more concerned that the Tesla didn't prevent you from crashing into the bus in the first place !
Due to the fact that EV fires are so hard to put out and the cost of repairs or replacing a battery are so expensive insurance companies are raising everyone's rates so they can cover the claims on EV's. From my understanding some insurance companies won't even insure an EV.
@@eugeniaskelley5194 Your understanding is lacking
Tesla needs their own insurance company.
Tesla is likely to collapse, when investors find out how they are being used.
Interesting to see if my thoughts come to fruition
They would go bankrupt in a year.
Virtually no one would buy it if they charged what they needed to recover the cost of claims.
EV vehicles tend to be far more expensive to repair than non EV vehicles - and its disastrous if the battery is damaged and has to be replaced.
@@perryallan3524Most batteries have a 10 year warranty. In an insurance claim they would just likely swap the car for a used one.
@@tonystorcke Lets see - a partial truth, and a lie. Have you had your coffee, energy drink, or tea yet this morning?
EV Battery warranties are based on time or mileage (Km) depending on what occurs first. Lots of stories on the internet that the replacement battery cost for 6-8 year old cars that exceeded the mileage (Km) limit was so expensive that the people junked their cars.
I've had the insurance company "total" 2 of my cars in my life. They never provide a similar used car in similar condition (and I have never heard of any insurance company doing that).
What they do is pay you the value for the worst condition used car of your model year with similar milage that they find listed in the adds (one that badly needs a brake job on both axles, that the transmission is showing signs of distress, and that perhaps clearly needs plugs, coil packs, etc. and burns smoke showing the engine is mostly shot, and with worn out tires (there are reasons people sell used cars - and it is almost always that they know it needs major maintenance that they don't want to pay for).
I've twice "negotiated" with the insurance adjuster and know very well the adds that they provide copies of for your model and year of car (and in one case I had looked at one of the cars personally - it would need $ thousands in work). The best I did once was get an extra $100 because I had just spent $500 putting new tires on my car.
If your vehicle is well maintained you never get close to what it is worth and you cannot find a similar condition used car to buy for anything close to the mechanical and body condition that your car was before it was in an accident.
I was paying about £360 for my XF diesel S (272bhp) in 2022 and the renewal quote in August 23 was over £650! I shopped around and renewed with Hastings Direct at £360 - actually £3 less than the year before, so very happy there.
This afternoon I bought a just less than one year old I-Pace (400 bhp) for my wife and I was trembling a bit when looking for insurance quotes. Eventually signed up with another Hastings Insurance brand at £663.34, so I was tbh surprised but happy-ish. Took 2-3 hours of searching to find it though.
The insurance for my ID3 doubled this year with Direct Line. Was unable to find a cheaper quote anywhere else.
The truth is because of the greedy insurance people, more and more people will simply not get insurance at all. The cost of not having insurance if caught by the police is in many cases a lot less than the actual insurance.
Lol, the cost of not having insurance if you (when someone with an EV) hit someone else is FAR, FAR MORE than being given a ticket by the police.
@@billalumni7760on UK TV Police programmes like "Interceptors" they pull loads of people without insurance, without licence etc, they say what the fine is and often it is surprisingly low but then again some of the people pulled over are poor and that's taken into account when sentencing them
Are you serious? What if you hit and injure someone? You will be responsible for damages and medical costs. Listen people. Don't go by what this guy says. Get insurance on your vehicle. Totally irresponsible to not have insurance.
If you think the insurance companies are making so much why not get into insurance yourself ?
It's high because of cost of repair cost of storage before repair
Your channel has just made me very happy! 're insured my work's VW caddy today with Direct Line. It only went up by 26% happy days.Alan
My brother was working in insurance and he said you can do the same damage if you hit a rolls royce with an old car. Fixing the rolls will cost many times more than a decade ago.
My Tesla was £850 despite being 51 and doing 7k miles per year. The renewal for my old land rover from last year went up by £250 on comparison websites.
It’s all cars. According to news sources it’s the cost of labour on car repairs has gone through the roof
And always do your quotes 30 days before renewal or you get fleeced
There are so many gizmos (ie. Lane Assist, Blind Spot Monitoring, etc) in cars these days .. it makes repairing them much harder and requires mechanics to have higher training. You have to pay for the extra complexity if something breaks.
It has to do with the fact more and more people are driving EV's. EV's fires are hard to put out and the cost to repair or replace a battery is so expensive the insurance companies have to raise everyone's rates to cover astronomical claims.
@@eugeniaskelley5194 Bet you’re putting this nonsense all over the internet?
I always thought you guys in the UK had way cheaper insurance than us in Ireland. But it's reversed by a long way. I've just renewed with Aviva for €355. Age 51 with my wife also as a driver. That's almost same as last year. Just a €6 increase. They asked a but more but we haggled down to there. Very happy with that.
Should have mentioned. That's on a 2023 MY LR and I've a €250 excess
Perhaps you have better drivers making fewer claims
This guy is quite entertaining. I have a 2023 model Y performance which has only 1200 kms in the 6 months I have owned it. I lost my license for 6 months because of excessive speeding 😖
I renewed my insurance in October 23 for a top of the range Merc EQC and it came down £12 to £408. I was getting quotes off the usual compare sights of between £700-800. FNCB.
had the same with model 3 few moths ago. Was with admiral for 8 years. Last year paid 600 this year they wanted 1200.
Went on to compare websites found some of the companies wanted more for insurance when you chose high voluntary excess. Sheela wheels with 300 pounds voluntary excess cost me 400 pounds for the year
I saw a good price for mine on sheelas whelks too. Was the only sensible price around
It will be interesting to see how much profits these insurance companies will declare?
Tesla model s - 25 years no claim / no accidents / 55 years old / my insurance went from £700 to almost £1900 - no rhyme no reason, i do live in london, just unbelievable
Watching this page from New Zealand. About five years ago I had a 4.0l six cylinder Ford Falcon. Comprehensive insurance for a 40ish driver plus any driver over 25 was just under $460. At the time conversion would be about £220. Moving back to the UK soon. Cannot comprehend why they charge so much. Guessing they have shareholders to keep happy and a boss who wants a new BMW
The Cloned Reg plates in The UK has gone stupid, I heard the police are finding them all over the country, they need to bring in some better security plates, I mean how hard can it be ?
You should read the Thatcham report into EVs which the government sponsored.
EV insurance has gone through the roof and to calm the market a little insurers are raising all insurance so not to put off people buying EVs.
EV's are routinely written off after an accident if they are one year old.
Tin foil hats all round
@@justgetatesla I think you should be more open-minded overall, none of this affects me, I'm old and gave up driving 3 years ago.
Flow just put mine up by over £200 this year on a diesel Focus and I’m 63 with over 17 years NCB living in London and I also tried shopping around. All were the same or much higher except one that wanted to fit a black box!?!
No thanks! No black box!
For anyone getting insurance quotes, I've just insured a PHEV and I put down the normal 10k a year mileage, the quote was just under £600 with a telemetry box, as it's only a second car (zero NCB 55yo) , I checked my Mot's for the last few years and realised the mileage was too high, so I did the quote with only 6k miles per year, the quote dropped to £450 and no telemetry box required, same company! My current insurance companies quoted £1,150. & £1,400.
Also, be careful on comparison sites. If you put in too many quotes and adjust your details too much, you will blacklisted or suspended from some insurance company results for a period of time. This happened to me with Admiral on all the comparison sites!
There's a sneaky workaround here. Put in a fake name and a neighbours address. Use all details relating to yourself, age and occupation. Once you're ready to buy, put in all your details correctly.
Just moved from a Jaguar F-Pace with fully comp insurance costing me £294 per year, to a 6-month old Tesla Model Y LR and the insurance went up to £747 per year 🙄
I had to take out a complete new policy with Admiral, as the insurers who I had been with for 8 years, including 4 years with the F-Pace, wouldn't insure the Tesla 😱
Needs to be an investigation into the insurance industry and whether they are penalising EV cars and drivers.
Hope you're well Ian.
I don’t think they are penalising EV’s . Insurance reflects the risk involved .
Should of kept the F-Pace
They are penalizing the EV's. They burn hotter when they catch on fire than a gas or diesel vehicle and are very hard to put out. The cost of repairs and battery replacement are astronomical, and every one's rates will go up to cover cost. The EV has a high risk.
@@sobeit1927 Well considering the EV burns hotter when on fire, hard to put out than a gas or diesel and the cost of repairs or battery replacement are so high, yes, they are raising everyone's rates to cover cost.
Driving an electric car is like having diarrhea...you're happy every time you make it home without mishaps 🙂
Nope!
I do always do 50k a year so when I switched to the Tesla model Y 3months ago it shot up! But found a company called Keith Michael’s and they have a policy which covers my car as a the sole vehicle in my business. So after findings prices of over 2K I got it down to £1266. Knew it would be high with my high annual mileage but so much better than any of the high street or online insurance companies.
There are many reasons for EV insurance going up, including the cost of repairs, there is more claims data out now for them, if they get involved in an accident then they become a bigger risk, so it doesn't matter if it was non-fault your vehicle now becomes a higher risk because there is no way of telling if there was damage to the batteries. Plus the possibility of causing damage to other cars is increased with an EV.
There seems to be some mystical legend being told about EV batteries. You say there is no way of telling if there is damage to the batteries. Any app will read the condition and even map voltage from individual cells. Spot the faulty cell if there is one and they can replace it. Even the car can do that in the service menu. It’s a battery, not witchcraft
@@justgetatesla I hear what you're saying - and you're probably right. If however insurers disagree they will charge you accordingly regardless.
Not quite correct, the software can tell the condition of a bank of batteries but not individual cells, and although it is possible to replace even just one cell the amount of work it is to do it is extremely expensive. Which is why there isn’t loads of business starting up refurbishing battery packs. Battery cells can degrade at anytime after knocks that’s the big problem and reason it’s hard to judge the condition of batteries after a crash.
Apparently you can take out a seperate policy to cover the excess. I'll be looking into this next year when I get my leg lifted by these grifters.
So now we need insurance for our insurance
I've done that for a few years - insuring a £750 excess for around £40 I think
@@colinnich may I ask who you use for the excess cover?
It may help others but over 55s I recommend Saga model Y rwd renewal with admiral plus £500, to £1,386, with Saga less than half price of renewal at £602
An important factor for insurance company risk engines is the number of days til your insurance is due. How many days in advance are you looking? Iirc the ideal is 22 days beforehand to get a quote...
It's very much the same thing here in Australia Ian. I have a 2012 V8 Holden Ute, which had a premium of around £ 220/$ 420 AUD but jumped to £ 515/ $985 pa. I shopped around and initially my old insurer was the most competitive, but 6 months later i checked again when my wife's vehicle was due and found an online deal with one of the top 5 companies for the Ute and got a £ 250 refund!
I also noted that the declarations on most online quotes now asks if you've had a claim regardless of who was in the wrong! The answer being pushed world-wide is either use public transport or buy a pushbike.
No, can’t be true. I’ve just been told by someone who claims to be serious that the only insurance hikes are on EVs because of a fire over here that wasn’t started by an EV. So perhaps your insurance hike on your V8 in Australia is wrong. Unless the people obsessed with hating EVs here are wrong…?😂
My insurance has gone up 58% for my MG ZS EV gen1 and I am 75 and drive less that 4,000 a year but I am now feeling lucky as it’s only £447 for the year...
I'm in Brisbane, Australia. My car and house insurance (renewals) have also gone up by 50-60% this year. But I have found 'discount' insurance quotes for much less, and still wondering if I should change.
I think 'they' just want us all out of cars. There's a study going around for net zero and sustainability that cars have to be reduced by 85% to meet goals...
How does that answer his question?
Got my insurance coming next month, should be fun. I've always opted for no voluntary excess and found that it made not difference to the quote, but will after see at the end of december.
I am from the Netherlands. For my 20 years experienced Berlingo I pay 46,- monthly for all-risk with the max. 75% discount. I am thinking of buying a model Y, the insurance will be around 120 to 145 a month.
Why ?
I bought my truck in 2008 and still drive it. 320HP, V8, loads of rooms for backseat passengers, 4WD, and I have effectively max coverage - hundreds of thousands in liability, uninsured, underinsured, collision, no-fault, roadside assistance, rental coverage, etc. Roughly $500 a year to cover and I probably spend about $1,200 a year in gas. So, I can insure and fuel my large ICE for less than one can insure a Tesla. So putting aside all of the other costs of purchasing (taxes, etc) there is no way I could buy a Tesla and save money.
Hi, we just insured our new 2024 Tesla RWD with the RAC here in Australia 🇦🇺 and it was $1256 a year which I think is £650? I do know we had quotes of $2k to $3 from some insurers so either we got a really good deal or the others are over pricing the policies to cover rising costs?
Renewal for my Fiesta up 78% since last year. 20+yrs NCB. Lovely. Will be hitting the comparison sites tomorrow
Reminds me of the good old bad old days in the late 80s trying to get insurance on a GTi. More often than not, as soon as you said the magic letters GTi, or GTE, or Cosworth, the line would usually go dead. No insurance company would touch you. My father got a quote on an Escort Cosworth in the early 90s of £21,000, when the car was actually worth around £18,000. Crazy.
Wow your dad is rich !
@@crumplezone1 He bought a Porsche 911 because it was cheaper to insure than the Cosworth.
As most people know the cost is based on what the insurance company would have to fork out if you hit someone else with all the personal injury and hire car costs to the third party even before the cost of parts and labour. I remember in the 90s being quoted £2000 insurance on an £800 ford orion 1.6. Basically saying we dont want that business
I'm in the UK and in my 60's. I have a newish soft hybrid. Last two years with LV with little change in price. Renewal almost doubled in price. Like you went to the meercats and got quotes for about 15% more than i paid last year from 5* defaqto insurer. (A lot less than the year before.) LV did not offer to requote and have not confirmed cancelation by email. Left scratching my head but happy to have a reasonable price.
Mark my words, insurance is the tool that will be used to get you out of your internal combustion vehicles, by hugely increasing the insurance costs or refusing to insure it 😮
Have a tin foil hat. If “they” get everyone out of cars, our economies collapse…
It seems the problem is with the high cost of repairing or even writing off EVs for even minor scrapes. It's because there's no way of knowing if the batteries were damaged. Thus the entire car is written off at huge cost.
Cobblers. A variety of apps show a complete map of the battery pack. Any defective cells identified and they can be replaced.
@@justgetatesla Unless the app can take each cell out and physically inspect it it's worthless. A damaged cell can work for a while then one day, boom, I'm going into thermal runaway.
😮😮😮😮I’m insured by Aviva and I got hit last year and right now the person who hit my side is trying to go 50/50 responsibility which I am refusing😢
I was considering buying Tesla recently but after receiving quote of over 1800£ nad to give up my dream and that is with me being over 40 with 14 years of no claims discount and no points on license. Just crazy and no resemblance with reality
Hi I bought a 2021 Kia E-Niro 4+ in October and fully comprehensive cover was £500. My only claim was for a windscreen 2 years ago. Mine of course does not fly down the road like your Tesla.
Admiral for us was over £1k less than the next lowest. We only got our car last month but was getting very anxious at the cost of things leading up.
I halved Admiral with Direct line £263 full comp business use 12yrs NCB
soon they will start taxing EV owners for having battery pack. because cars battery utilisation is not exactly done correctly (environmental laws and ect)
Got to wonder what the additional cost of repairing cars built with giga-castings will be too? Not just Tesla either, other car companies are going to be bringing in this tech too as the manufacturing cost savings are significant.
That will all depend on whether they crack and fatigue or not ...
@@justgetatesla I was thinking more about the impact on insurance repair bills. As you point out insurance costs are getting a bit frightening. Good honest video 👍
My Tesla model 3 standard is insured by company called
By Miles , fix cost of £137 after that it’s 14p a mile . No black box you just use their app which tracks your mileage only . Worth a try 😊
14p per mile, x 20k miles a year...
@@justgetatesla 🤣 yeah not going to work out much better for you if your doing that sort of mileage. I’m 6k a year so worked out ok for me .
Hi, just updated my insurance for a diesel car. Price with the old company went from 356 quid to 540 quid compulsory 100 quid and 200 excess. Ended up with 440 quid with 150 quid excess total. Edit I am 70 no accidents for 10yrs. Protected no claims for ever.
My worry is if the renewals are astronomical more folks may be tempted to not bother insuring and run the risk. Then you have the added problem for those that do insure their vehicles at crazy prices find that they may have an increased chance of colliding with an uninsured motorist. Then we’re in bigger problems
It’s probably easier to say what isn’t actually going through the roof right now in the UK. Virtually everything has gone ridiculous - for the most part - because they can. Market sectors like energy , insurance, food etc - in some instances have put their prices up for the sake of it. Look at Nestle products - you now got less for a whole lot more. I know energy costs etc have gone up, but there are many business who are operating on pure greed right now and there is little we can do but don’t buy those products. My Audi A6 insurance has gone up £80 this year - full no claims, no claims or accidents. For the first time ever I’ve actually stayed with the same insurer as they were the cheapest! That never happens.
You apparently don't understand the insurance actuarial tables, EV's are more likely to experience greater probability of being totaled when involved in an accident. In order for insurance companies need to cover the potential claims, everyone must share the burden regardless of what moves your vehicle. Thanks a lot for increasing everyone's premiums!
Did your premium come with a free tin foil hat?
No they’re not…
I dented another cars bumper,bunged them £250 cash,its really the only way round in small collisions to protect yourself from these vultures.
Hi Ian, I’ve just got a new Model Y and here in Auckland New Zealand I’m paying $72 per fortnight for fully Comprehensive Insurance
The optimum date to get a renewal quote is 17 days before expiry, my insurance (Tesla Model S) actually went down this year (marginally) from £599 to £580 (from a renewal quote of £800). But you need to shop around. Only difference was that I added my wife as an extra driver and increased my annual mileage to 18k. MARTIN LEWIS has great advice on his website and podcast and that is what I followed.
After watching this I am really, really concerned about what quote I am going to get. M3LR due in November.
My insurance went up by 90% for the same car ,managed to get it down to 40% increase by shopping around , i have no points and no accidents on my record
Crazy!
It is sad isn't it. I think it is obscene. I had a similar set of quotes. I went for a multi-car deal but even so, car insurance is way too expensive at the moment.
Hi there, I'm a retired lorry driver living in Aberdeenshire, i have an 18 plate Ford Kuga and a 17 plate Motorhome. The quotes
i was getting were a bit hefty so i stayed with the existing insurers, after a haggle my car went up £30 to £307 and the
Motorhome came down £20 to £371 so it seems i got lucky. PS they were different insurers.
Well said. My LV insurance doubled £250 to £500, and it was £150 in 2022 - long trouble free and low mileage on an innocent little Dacia.
Crazy! Why has insurance gone up so much for everyone?
This is why people drive around with no insurance. When it goes to Court, the fine will be about £200+
But when you go to renew your tag, don’t you have to show proof of insurance? Also if you go to court don’t they record your tag and all the cops have to do is scan it and can tell if you have insurance or not? I agree insurance is way too high especially for people like me that haven’t had a claim in many decades.
I've said this before, but is worth repeating... Instead of paying your renewal, log on to your OWN insurer, and get a NEW QUOTE. Invariably they will give a 'new quote discount' and you will probably pay MUCH LESS than your renewal quote. I have done this many times with different insurers over the years.
There is the possibility of replacing batteries after accidents either by being hit or driving over something, being part of the reason the prices go up.
Not saying that is the reason, but as the number of evs enter the market, the number ev fires will go up and with batteries prices as they are could be putting off companies from insuring evs, then prices are bound to go up.
Just a thought..
Yeah the premiums have gone absolutely CRaZy for eVeryOne, lol. Just got my renewal quote for my 2L turbo Saab 93 Aero. It was £169 last year, now they want £208, the greedy bastards.
They may not have done for you. But they have for most people www.autoexpress.co.uk/news/361272/car-insurance-record-high-average-premium-reaches-ps924
I know it's a low quote compared to the average, but trust me I'm still not happy about a £39 price increase for no good reason. I have heard about some crazy price hikes especially for electric cars following the news of battery fires. Some insurers are now refusing to insure electric cars. I fear that your £1000+ premiums are only going to get worse. I would like to try a Tesla, it does look like it would be interesting and fun to experience, but no way would I buy one. Perhaps I'll rent one sometime, or get a 24hr test drive. @@justgetatesla
I live in Idaho and have a 2022 Subaru Outback and a 25 year old car. We pay yearly less than you pay quarterly.
Malaysia, 7+ years old hilux, insured value £14500 and my insurance costed the same as few years before at £171, comprehensive + 55% NCD + personal accident coverage. The other cars that I have, the insurance costed around the same as the past few years too.
As you’ve mentioned, it’s not just Tesla drivers affected by this. I had a renewal quote for a 7 yr old A7, up from £280 to £930 - a hike of 232%!!! Shopping around got it down to £605, but that’s still a 116% increase! And that’s on 9 yrs no claims.
It's because of ev's , costs to repair after small bump are causing costs to rise for everyone
Riiiiight
Mine went down.
Diesel
For the record I would like a Citroen Ame
Things to plan for, when, not if, they tax by weight and ban the use of the screen whilst driving. Plus, black boxes for everyone. No harsh acceleration and speed limits linked to the sat nav so you can't speed.
Werrrrre dooooomed
insurance is like a casino, they know the odds :)
They know what is coming,they know the truth, and they dont want nothing to do with EVS.
If that was the case why are they insuring EVs?
Are there no specialist brokers for EVs? I still get competitive rates for my modified cars compared to the current craziness. My wife’s 1.2 Fabia I struggled to get the price lowered anywhere through comparison sites.
I’m glad you can laugh about it. I think it’s criminal. I live in Southern California. Don’t have an electric vehicle. We have to pay for the people who do!
OK I will bite. How are you paying for people with EVs? Specifics and evidence please.
We are suffering because of the lack of car parts increasing time to repair. Teslas where especially bad for this, the impact was to increase the length people where in hire cars. The increased value of cars also has an impact as the opportunity to cause more damage especially to BEVs increases the cost of claims.
Two factors are the ludicrous cost of replacing a bumper which can include a lot of technology; smart led lamps, distance sensing cameras and safety sensing points, that parts and labour are astronomical compared to only a few years ago and secondly, the incremental number of EV total losses because of the potential hazard of a damaged lithium-ion cell and thermal runaway consequences both contribute to much more expensive payouts by insurance companies and it seems - occasionally - that these costs are needing to be offset by everyone’s premiums. I have been fortunate in having two good brokers who have managed to keep my premium increases to a minimal - and acceptable - level this year.
Bumper costs yes, battery fears no
The problem is that to replace batteries which no one wants to deal with as they tend to be unstable and f-ing dangerous. Plus they cost as much as another vehicle to replace. It is cheaper to just write them off, which in itself is a huge cost. Insurers are going to pass the cost on in higher premiums. If you don't want to pay it, don't buy an EV. A hybrid still has a battery pack.
If only the “you will have to replace the battery” story you have been fed was true
@@justgetatesla Excuse me? I know for a fact mate that people have been quoted anywhere from 15 up to 50 grand to replace a battery pack. You my friend are the deluded one.
Two points:
1. Quoted for isn’t “has had to pay”.
2. Which EV has a battery pack costing 50k? Let’s assume I need to replace the battery in my Tesla. I won’t, but let’s cost it. Less than 10k.
So where did you get your prices from?
I got my 310ps Cupra insured fully comp for £389 with over 10 years NC and i am an advanced driver as well
All policies have gone up, but mine and my husband's have gone up about 10%.
I got my model Y in June 2022, I have 30000 miles and the value has dropped £17k but my insurance went from £500 up to £900. Crazy. Direct line could give me no justification for the increase.
Because...
Depreciation alone on these things is by far the biggest cost . If you can absorb that cost then really you deserve to get stung . I’ve been driving for 42 years and always had either cars or vans , in all that time I have spent in total less than 15k on my vehicles . Less than one years depreciation on a Tesla . I wouldn’t want one if you gave it to me .
I have a big heavy diesel SUV, my insurance went up 51% this year. Same insurance provider and no changes to cover. Not great but I still only pay £279 a year.
I have just gone from a Jaguar Sport Brake 3 litre diesel to a low mileage second-hand model 3 2020.
My insurance has gone from £350 to £1020 with double the excess. As you said prices have gone up ridiculously but there is also a prejudice against electric cars I am sure!! So much for saving the planet! 🤬
Yes, the EV's are causing the rates to go up. The fires are hard to put out and the cost to repair or replace a battery are astronomical. They have to raise rates to cover the costs.
I also had my Tesla Model Y (Standard Range with LFP battery) renewal on 29 Sept 2023 - just a 12 days after you. I was quoted AU$1300 by AAMI (Australian), and the cheapest I could find on Meercats was AU$1600 (GBP825). I bargained AAMI down to AU$1200 (GBP619). So, it appears you are either in the wrong country, or GB drivers are really bad? Move to Australia - everyone else is ;-)
My policy for model 3 long range has gone up £550 from last year with no claims made
I'm I. The UK, and I have a Tesla, dreading rental in march....How come alot of countries insure the car, not the person, In Thailand anyone with a licence to drive that type of vehicle is automatically Insured to drive, it's down to the owner to vet the driver irrespective of age
I'm only paying $432 a year to insure my 2007 Mercury Grand Marquis. My house is also insured by the same company. I'm 64 with a perfect record. I also ride a motorcycle, and it costs just over $500 a year to insure my 2006 Harley, with a different company. I'm in Phoenix, Arizona U.S. I only drive older cars, you couldn't give me a new car, of any kind, if I had to drive it. I wouldn't even get close to it. It would be spying on me.
Good afternoon, we have a 3 year old model 3, and a 1 year old model Y. Insurance was due for renewal 11th Nov. Last year the premium for both from L.V. was £1302. This year, renewal quote was £2835!! eventually got it with Admiral for £1400. Why? I haven't got a f-----g clue.........
Nope, me neither