Teddy out the pram insurance guidance please

[Ed50]

Hi all,

Sorry if this boring but I'm looking for some help or divine guidance please after having a duck fit regarding my insurance renewal.

Last year the premium on the wife's new for 2023 RR Evoque Autobiography was £500 earth pounds so I was hoping to get away with a slight increase
bearing in mind the state of the insurance market, however on speaking with my broker I was advised the average increase would be about 30 to 35 percent.

Right says I so lets run the true figures to which he now comes back with "and bearing in mind the vehicle lives under security camera's in a low risk rural location " at £1300 earth pounds, even my small brain can see this is not quite a 30/35 percent increase.

So the teddies now well and truly out of the pram and the knee jerk reaction is bugger that I may as well go get a proper truck which in this case is an F Pace SVR which my local stealer has in stock.

Well having listened to the broker spin out all the "well any thing with Range Rover or Land Rover on the bonnet has gone crazy due to the perfect storm
of thefts, parts delays and the cost of repair etc etc" I was hoping for something of a similar price for the racier vehicle going by comments and excuses
during the exchange with the broker............ but alas the next lot of pony came my way with a eye watering £3300 earth pounds for the SVR sir.

All a bit finger in the wind but worryingly scary all the same as I was then told after I had finished laughing that anything and everything SUV or 4 X 4 wise
was now in the perfect storm regarding premiums.

Any way enough of my blather as the question I would like to ask which is mainly directed to those owners with F Pace SVR's is...... are you all feeling the pain of ridiculous increases and would you say such a premium is about right for a senior driver with no claims or convictions living the quiet life out in the sticks.

I fancy the local stealers un registered SVR but I daren't tell the wife of more of my man maths thinking regarding change without a bit more back ground knowledge so if any advice is out there it would be appreciated.......

[The Leaper]

Ed50 said:

Hi all,

Sorry if this boring but I'm looking for some help or divine guidance please after having a duck fit regarding my insurance renewal.

Last year the premium on the wife's new for 2023 RR Evoque Autobiography was £500 earth pounds so I was hoping to get away with a slight increase
bearing in mind the state of the insurance market, however on speaking with my broker I was advised the average increase would be about 30 to 35 percent.

Right says I so lets run the true figures to which he now comes back with "and bearing in mind the vehicle lives under security camera's in a low risk rural location " at £1300 earth pounds, even my small brain can see this is not quite a 30/35 percent increase.

So the teddies now well and truly out of the pram and the knee jerk reaction is bugger that I may as well go get a proper truck which in this case is an F Pace SVR which my local stealer has in stock.

Well having listened to the broker spin out all the "well any thing with Range Rover or Land Rover on the bonnet has gone crazy due to the perfect storm
of thefts, parts delays and the cost of repair etc etc" I was hoping for something of a similar price for the racier vehicle going by comments and excuses
during the exchange with the broker............ but alas the next lot of pony came my way with a eye watering £3300 earth pounds for the SVR sir.

All a bit finger in the wind but worryingly scary all the same as I was then told after I had finished laughing that anything and everything SUV or 4 X 4 wise
was now in the perfect storm regarding premiums.

Any way enough of my blather as the question I would like to ask which is mainly directed to those owners with F Pace SVR's is...... are you all feeling the pain of ridiculous increases and would you say such a premium is about right for a senior driver with no claims or convictions living the quiet life out in the sticks.

I fancy the local stealers un registered SVR but I daren't tell the wife of more of my man maths thinking regarding change without a bit more back ground knowledge so if any advice is out there it would be appreciated.......

I have just renewed for my nearly 8 year old Land Rover Discovery Sport. Optimistically valued at £19,000. Was £736, now £1326, so up by 80%. I'd have welcomed a 30/35% increase.

R.

[Ed50]

Crumbs, thats a bit of a shocker R.

Sorry to hear that but surely your not going to have to swallow that.

Maybe a 30 percent hike would be a steal currently then, however considering mines going from £500 when first registered new last year to potentially "if I swallow the pill' £1300 this year it still seems to steep.

That jump after listening to all the rabbit is not the 30 to 35 percent increase the broker was toting and I don't think I shall be needing Carol Vorderman to do the maths on that .

Still fancy the SVR mind so hopefully some owners will surface if their not in shock themselves .

Thanks for your comment though R.

[popeyewhite]

My RR Autobiography went from £480 to £940 this week.

"Why is my premium so high?"

"Thefts mainly, they're one of the most stolen vehicles"

"In Cheshire?"

"In the south, London area"

"Why are you charging me more instead of just those who live "in the south" and "London mainly"? I mean I choose to live in a low crime area but you're charging me as if I live in a high crime area - why?"

"Because of the increase in theft of these vehicles"

"I don't mean to be rude but I don't think you're getting my point etc etc.."

[The Leaper]

Ed50 said:

Crumbs, thats a bit of a shocker R.

Sorry to hear that but surely your not going to have to swallow that.

Maybe a 30 percent hike would be a steal currently then, however considering mines going from £500 when first registered new last year to potentially "if I swallow the pill' £1300 this year it still seems to steep.

That jump after listening to all the rabbit is not the 30 to 35 percent increase the broker was toting and I don't think I shall be needing Carol Vorderman to do the maths on that .

Still fancy the SVR mind so hopefully some owners will surface if their not in shock themselves .

Thanks for your comment though R.

I think that you are not aware how shocking it is out there as regards the cost of insurance, and not just for cars.

I have "swallowed" the increase and finalised the end of March renewal. From the loads of stuff in the media I was expecting to be paying more than +35% or not get cover. IMO, 30-35% increases are the norm for most cars now, but for anyone who has a RR/LR, Lexus and other such makes well mentioned in the media, insurance will increase at a higher rate.

My wife has a 2010 Ford Fiesta....good condition, ultra low mileage. She renewed at the end of January. No trouble doing so, but the cost increased by 40%.

I have three mates all of whom have a Lexus. One was stolen from his driveway about 2 months ago and not recovered, (I'm surprised he's replacing it with another Lexus!), one has his renewal coming up and his current insurer has refused to renew so he's hunting around for insurance and dreading the likely cost, and the other has decided that he'll sell his Lexus and switch to something like a Hyundai (although his decision is partly due to wanting a larger SUV than he has at present).

Also, just for info, we have recently renewed our home contents insurance. Present cost was £650, renewal premium quoted was £1,264, up by 94%. We have used the same insurer for 30+ years, never had a claim etc. Eventually, I got the insurance with another insurer at a far better price to me.

R.

[Ed50]

Morning,

I know how shocking things are in general "the wife keeps telling me" but the insurance prices in my tiny mind are just running away with the job.

Its just a scary and very expensive boat we all find ourselves in currently.

Thanks for the info

[Sheepshanks]

popeyewhite said:

My RR Autobiography went from £480 to £940 this week.

"Why is my premium so high?"

"Thefts mainly, they're one of the most stolen vehicles"

"In Cheshire?"

"In the south, London area"

"Why are you charging me more instead of just those who live "in the south" and "London mainly"? I mean I choose to live in a low crime area but you're charging me as if I live in a high crime area - why?"

"Because of the increase in theft of these vehicles"

"I don't mean to be rude but I don't think you're getting my point etc etc.."

We live in rural West Cheshire and renewal on wife’s Karoq last month was +68%. Tried lots of other routes - and they ranged from 100% to 200% more than last year.

I wouldn’t buy anything JLR now - even if you can swallow this year’s premium, what are you going to do if it takes another leap next year?

Mind you, same dilemma with EVs - thinking of adding one to the family fleet but insurance quotes are bonkers.

[popeyewhite]

Sheepshanks said:

what are you going to do if it takes another leap next year?

I don't know, i'll have to see what the future holds. I've read JLR is improving security and offering its own insurance so maybe premiums will stabilise a bit. My RR is a 75000 mile (new shape) 13 plate and I was hoping its relatively low value (I suppose about £25k not sure) would hold premiums back a bit. I've owned it for 6 years and love it so I'm reluctant to part with it... . I don't use it that regularly now so maybe TPF+T?

[Sheepshanks]

popeyewhite said:

I don't know, i'll have to see what the future holds. I've read JLR is improving security and offering its own insurance so maybe premiums will stabilise a bit. My RR is a 75000 mile (new shape) 13 plate and I was hoping its relatively low value (I suppose about £25k not sure) would hold premiums back a bit. I've owned it for 6 years and love it so I'm reluctant to part with it... . I don't use it that regularly now so maybe TPF+T?

Sure - it's a different kettle of fish if you already own.

[ConnectionError]

I guess I have been lucky

My Range Rover sport insurance has increased this year by £1.44.

It is around £1200.00

[Simpo Two]

My broker (insurance not stock) said 'If you've got a Range Rover and live in London, either sell it or move'.

Luckily I fall into neither camp!

[Ed50]

[quote=Simpo Two]My broker (insurance not stock) said 'If you've got a Range Rover and live in London, either sell it or move'.


My knee jerk reaction was bugger that I'll chop the Evoque in and take the F Pace SVR but the insurance guy then expanded to say its all 4 x 4's and SUV's
that are getting the major bashing and went onto suggest I consider getting a lesser ordinary non 4 x 4 type vehicle.

The F Pace SVR is now on the back burner cus Teddy's been ejected from the Pram after hearing that the cost to cover it was circa £3300 which in my mind is beyond crazy.

I'm living in the sticks for christ's sake not the great metropolis, there's more pheasants than people round here so why hammer poor little me .

I've had some proper cars in my time and never have I seen premiums anywhere near this, surely its going to knock residue values which in turn will surely slow the market down especially for JLR products.

I read in an earlier post that JLR had or where setting up their own insurance to help the situation, no doubt this will be another established broker working in conjunction with JLR and using the name as a front of house.

Nether or less I'm game and will be trying to get a direct quote from them over the coming days but I'm not going to hold my breathe.

Daft as it may sound but I can see JLR having to consider offering free insurance cover on new vehicles before too long especially if sales start to take a nose dive.

I think we are all in a very worrying situation, those that can pay will pay but many may not be able to pay and then risk running the gauntlet which will lead to a right nightmare come the inevitable.

[ConnectionError]

Ed50 said:

Simpo Two said:

My broker (insurance not stock) said 'If you've got a Range Rover and live in London, either sell it or move'.


My knee jerk reaction was bugger that I'll chop the Evoque in and take the F Pace SVR but the insurance guy then expanded to say its all 4 x 4's and SUV's
that are getting the major bashing and went onto suggest I consider getting a lesser ordinary non 4 x 4 type vehicle.

The F Pace SVR is now on the back burner cus Teddy's been ejected from the Pram after hearing that the cost to cover it was circa £3300 which in my mind is beyond crazy.

I'm living in the sticks for christ's sake not the great metropolis, there's more pheasants than people round here so why hammer poor little me .

I've had some proper cars in my time and never have I seen premiums anywhere near this, surely its going to knock residue values which in turn will surely slow the market down especially for JLR products.

I read in an earlier post that JLR had or where setting up their own insurance to help the situation, no doubt this will be another established broker working in conjunction with JLR and using the name as a front of house.

Nether or less I'm game and will be trying to get a direct quote from them over the coming days but I'm not going to hold my breathe.

Daft as it may sound but I can see JLR having to consider offering free insurance cover on new vehicles before too long especially if sales start to take a nose dive.

I think we are all in a very worrying situation, those that can pay will pay but many may not be able to pay and then risk running the gauntlet which will lead to a right nightmare come the inevitable.

The most recent models have a more up to date security system that makes theft more difficult.

[Sheepshanks]

Ed50]impo Two said:

I read in an earlier post that JLR had or where setting up their own insurance to help the situation, no doubt this will be another established broker working in conjunction with JLR and using the name as a front of house.
.,,,,,,,,,

Daft as it may sound but I can see JLR having to consider offering free insurance cover on new vehicles before too long especially if sales start to take a nose dive.

Many have reported that they go through the quote system for the new JLR insurance offer only to get declined.

As for affecting sales - this seems to be only a UK issue, so, for LandRover models especially, it’s probably not a big deal so most are exported.

[Simpo Two]

Ed50 said:

Nether or less I'm game and will be trying to get a direct quote...

The Malapropism Police just turned up.

'Nevertheless'

Caution issued.


Carry on

[Ed50]

Sorry Simpo Two.

We do talk funny out here in the sticks

[GR_TVR]

Sounds expensive - a new SVR is coming out at £900 for me. Mid 30's, rural south midlands.

[Ed50]

Thank you GR, thats most helpful.

Considering my age, mileage, location and insurance track record I did and still do think the £3300 I was quoted was overly expensive.