Excessive renewal for a mature driver
Discussion
My father in law's insurance is due for renewal very soon, and has just been hit by a large increase in his renewal. it's jumped from £279 last year to a whopping £852 this year. Now the main point I should mention is that he'll turn 80 this year, and it seems to be the main reason for the increase after speaking to his current insurance company, although they also say his 2007 BMW 325i SE convertible is not considered yet to be a classic, but didn't seem to be a problem for them last year.
He only does 3000 miles a year, with the wife and dog visiitng places here and in Europe, but as it's not his daily driver he's now considering selling it because with a major service due, road tax and addtional costs it's all mounting up, to the point where he's not seeing the value in keeping the car which would be a shame, given how he still enjoys owning and drivng it.
Does any one have any recommendations of insurance companies he could try who might be more reasonable on the price, or anything he could add to his policy to reduce the premium? He's obviously realistic to what he may have to pay but that renewal does seem excessive.
He only does 3000 miles a year, with the wife and dog visiitng places here and in Europe, but as it's not his daily driver he's now considering selling it because with a major service due, road tax and addtional costs it's all mounting up, to the point where he's not seeing the value in keeping the car which would be a shame, given how he still enjoys owning and drivng it.
Does any one have any recommendations of insurance companies he could try who might be more reasonable on the price, or anything he could add to his policy to reduce the premium? He's obviously realistic to what he may have to pay but that renewal does seem excessive.
not the same but ours went from £630 to £1150 - comparison was useless, picking up the phone got it down to £850. Insurance is just nuts at the moment.
There are policies that cater for older drivers, my dad got a decent discount via the Caravan Club as their insurer or underwriter had specialist policies.
There are policies that cater for older drivers, my dad got a decent discount via the Caravan Club as their insurer or underwriter had specialist policies.
farbbm said:
My father in law's insurance is due for renewal very soon, and has just been hit by a large increase in his renewal. it's jumped from £279 last year to a whopping £852 this year. Now the main point I should mention is that he'll turn 80 this year, and it seems to be the main reason for the increase after speaking to his current insurance company, although they also say his 2007 BMW 325i SE convertible is not considered yet to be a classic, but didn't seem to be a problem for them last year.
He only does 3000 miles a year, with the wife and dog visiitng places here and in Europe, but as it's not his daily driver he's now considering selling it because with a major service due, road tax and addtional costs it's all mounting up, to the point where he's not seeing the value in keeping the car which would be a shame, given how he still enjoys owning and drivng it.
Does any one have any recommendations of insurance companies he could try who might be more reasonable on the price, or anything he could add to his policy to reduce the premium? He's obviously realistic to what he may have to pay but that renewal does seem excessive.
Insurance is mental currently; for everyone. But the older you are (more so 65 upwards it seems) the dafter it gets!He only does 3000 miles a year, with the wife and dog visiitng places here and in Europe, but as it's not his daily driver he's now considering selling it because with a major service due, road tax and addtional costs it's all mounting up, to the point where he's not seeing the value in keeping the car which would be a shame, given how he still enjoys owning and drivng it.
Does any one have any recommendations of insurance companies he could try who might be more reasonable on the price, or anything he could add to his policy to reduce the premium? He's obviously realistic to what he may have to pay but that renewal does seem excessive.
My Dad's with Saga (he's 75) and drives an X3M and insurance was stupid as per the norm; no one could come close to what Saga offered. However my Dad is a qualified advanced driver and retains it every year due to his 'previous life' so that does help a bit...
He'll be changing the X3M end of this year as it's at its 3 year age when he looks to renew; probably downsizing too unless my Mum agrees to getting an EV as she hardly does any miles in her 220i! But they need one vehicle with a proper engine for the miles they do to their property in the Highlands and back etc
All in; I think it's worth hitting the phones and speaking to a few insurance companies and seeing what they can offer; the likes of Chris Knott etc always do best over the phone
Might be helpful: https://www.which.co.uk/money/insurance/car-insura...
d_a_n1979 said:
farbbm said:
My father in law's insurance is due for renewal very soon, and has just been hit by a large increase in his renewal. it's jumped from £279 last year to a whopping £852 this year. Now the main point I should mention is that he'll turn 80 this year, and it seems to be the main reason for the increase after speaking to his current insurance company, although they also say his 2007 BMW 325i SE convertible is not considered yet to be a classic, but didn't seem to be a problem for them last year.
He only does 3000 miles a year, with the wife and dog visiitng places here and in Europe, but as it's not his daily driver he's now considering selling it because with a major service due, road tax and addtional costs it's all mounting up, to the point where he's not seeing the value in keeping the car which would be a shame, given how he still enjoys owning and drivng it.
Does any one have any recommendations of insurance companies he could try who might be more reasonable on the price, or anything he could add to his policy to reduce the premium? He's obviously realistic to what he may have to pay but that renewal does seem excessive.
Insurance is mental currently; for everyone. But the older you are (more so 65 upwards it seems) the dafter it gets!He only does 3000 miles a year, with the wife and dog visiitng places here and in Europe, but as it's not his daily driver he's now considering selling it because with a major service due, road tax and addtional costs it's all mounting up, to the point where he's not seeing the value in keeping the car which would be a shame, given how he still enjoys owning and drivng it.
Does any one have any recommendations of insurance companies he could try who might be more reasonable on the price, or anything he could add to his policy to reduce the premium? He's obviously realistic to what he may have to pay but that renewal does seem excessive.
My Dad's with Saga (he's 75) and drives an X3M and insurance was stupid as per the norm; no one could come close to what Saga offered. However my Dad is a qualified advanced driver and retains it every year due to his 'previous life' so that does help a bit...
He'll be changing the X3M end of this year as it's at its 3 year age when he looks to renew; probably downsizing too unless my Mum agrees to getting an EV as she hardly does any miles in her 220i! But they need one vehicle with a proper engine for the miles they do to their property in the Highlands and back etc
All in; I think it's worth hitting the phones and speaking to a few insurance companies and seeing what they can offer; the likes of Chris Knott etc always do best over the phone
farbbm said:
2007 BMW 325i SE convertible is not considered yet to be a classic, but didn't seem to be a problem for them last year.
For the past 2 years I have had my 2007 Z4 Coupe on a classic policy with Chris Knot with an agreed value for around £240 a year.This year I have had to go out to the open market and comparison sites to get close to what I paid last year. I spoke with Chris Knott and they said that the previous underwriter they were using had now withdrawn from the market so the best they could do was over £200 more than last year.
They also stated that they could now only offer a classic policy on vehicles that were 20+ years old.
My dad is 82 and also struggles for decent rates and that is just on a small Toyota.
It was about 20 years ago but my Mums' premiums kept climbing every year once she reached 80 and we couldn't find insurers who would quote for new business at her age.
But it did make it a bit easier to talk her out of keeping the car when she reached 88 and really wasn't safe to drive any more!
But it did make it a bit easier to talk her out of keeping the car when she reached 88 and really wasn't safe to drive any more!
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