Mustang GT - Insurance Cost Increase

[BIGDAI]

When l bought my Mustang in 2022, my insurance cost £296.05. A very reasonable sum l thought, especially given that l had no no-claims as it was an additional car.

Fast forward to 2023 and the cost had risen to £309.67. Again, not unreasonable as l understand that insurance costs have increased significantly.

The policy is up for renewal again at the end of the month and, again, I've seen some horror stories of massive increases so l was expecting a hefty premium this time.

Do you think my reaction of was justified when it came in at ........ £312.55!

[alscar]

Very justified reaction !
Reality is relatively few Mustangs compared to many marques and probably relatively few incidents so Insurers data actuaries will take that all into account.
Still ,sounds pretty cheap in relative terms though - can I ask who is that with ?

[croyde]

When I got mine in 2016 I couldn't believe how cheap the insurance was.

As said, there was little data about them at the time.

Although a year later and a few going backwards through hedges thanks to their crap Pirelli tyres .........

[Dashnine]

Not a bad price for insurance on an EV…

[BIGDAI]

alscar said:

...
Still ,sounds pretty cheap in relative terms though - can I ask who is that with ?

I guess it's one of the few benefits of being 65!
It's with Aviva. Mileage restructed to 6,000, £250 compulsory and £150 voluntary excess. If l drop the voluntary, price goes up by about £50.
Pretty happy with it to be honest.

Edited by BIGDAI on Saturday 6th April 16:21

[alscar]

BIGDAI said:

I guess it's one of the few benefits of being 65!
It's with Aviva. Mileage restructed to 6,000, £250 compulsory and £150 voluntary excess. If l drop the voluntary, price goes up by about £50.
Pretty happy with it to be honest.

Edited by BIGDAI on Saturday 6th April 16:21

Lol - beats a free bus pass though.
Decent company too.