Discussion
Our Ipace is due, last year it was £700 through LV, who were the lowest, this year they want £1225 take it or leave it, we have shopped around and it now seems cheap, Aplan quoted £2500 and said most of their panel refused to quote, Aviva refused , nothing has changed since last year.
Is it a case of the insurance companies learning how much they cost to fix?
From the knowledge base here does anyone know of an insurance company who are interested in insuring electric cars?
Is it a case of the insurance companies learning how much they cost to fix?
From the knowledge base here does anyone know of an insurance company who are interested in insuring electric cars?
cowbit said:
I have just renewed mine. Last year was £499 with Marks & Spencer who this year wanted £2100 because the underwriters who did mine last year no longer work with them. On checking the comparison websites the cheapest quote was always from Darwin. I renewed with them at £770.
Thanks I’ll try themDarwin no bid it, so it appears they don’t like ipace’s any more, maybe they have enough on their books now
Edited by Adrian W on Monday 11th September 18:20
Insurance is up across the board. Higher labour, energy and material costs, frequent delays in getting parts so people have to be kept in courtesy/hire cars for longer.
Ipace has the extra bonus of being a JLR keyless car that seems trivially easy to steal if you have the right tool.
Ipace has the extra bonus of being a JLR keyless car that seems trivially easy to steal if you have the right tool.
LV also refused to cover our 24kwh Leaf, so it's not just the expensive stuff that they're not interested in.
Ended up going with Darwin in the end for £100 less than our DirectLine renewal, which seems perverse as they're both brands of UKI.
Cornmarket got close but I got cold feet insuring with a broker from Gibraltar that I'd never heard of with a similarly obscure underwriter.
Ended up going with Darwin in the end for £100 less than our DirectLine renewal, which seems perverse as they're both brands of UKI.
Cornmarket got close but I got cold feet insuring with a broker from Gibraltar that I'd never heard of with a similarly obscure underwriter.
I've been looking at a few quotes recently to see whether it's worth getting a car, as I've been renting one most weekends. I live in London and expected to get done over a barrel.
E17 postcode, parked in a car park away from home
Tesla M3P £1200 (was better than I was expecting based on other PHers)
Polestar 2 LR SM £830
Porsche Taycan (for giggles ) £2300
E17 postcode, parked in a car park away from home
Tesla M3P £1200 (was better than I was expecting based on other PHers)
Polestar 2 LR SM £830
Porsche Taycan (for giggles ) £2300
Read something the other day along the lines of motor insurers paying out around £1.20 for every £1.00 they took in last year and seeing as it’s not the charity sector, we’re all going to be paying more.
Plus, the FCA ‘fair pricing’ initiative, that prevents an insurer charging more to an existing customer than a new one appears to have made things more expensive for all…
Plus, the FCA ‘fair pricing’ initiative, that prevents an insurer charging more to an existing customer than a new one appears to have made things more expensive for all…
Tractor Driver said:
Plus, the FCA ‘fair pricing’ initiative, that prevents an insurer charging more to an existing customer than a new one appears to have made things more expensive for all…
On average it likely hasn’t made too much difference, however for anyone savvy (99% of Pistonheads I expect) who always shopped around that was always going to be the result unfortunately. Adrian W said:
bad company said:
I just got a quote of £793 for a new iPace from my current insurer Aviva.
That is interesting considering they no bid it today, our Ipace is four years old Edited by bad company on Monday 11th September 20:48
One benefit of the salary sacrifice thingy is that insurance is included but I just looked up VW ID3 insurance (based on 12k per annum, SDPC and business) and the cheapest is £420 a year although most seem to be around the £500 mark.
The little C Zero costs me £200 for the year but that's only for 4k mileage.
A quote on a random iPace (12kpa) came back mainly about £1000 a year...
The little C Zero costs me £200 for the year but that's only for 4k mileage.
A quote on a random iPace (12kpa) came back mainly about £1000 a year...
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