Motoring Discussion > Insurance Renewal Tax / Insurance / Warranties
Thread Author: tyrednemotional Replies: 18

 Insurance Renewal - tyrednemotional
There have been dire warnings of the effects that the new legislation might have on insurance renewal costs post the start of the new year.

I have two policies up for renewal in the next month, both with the same insurer on a "multicar" basis.

The first renewal notice has just come through (for the Volvo). The last payment was only part-year (and actually a rebate, reflecting, I thought, mostly the removal of breakdown cover, given the new car warranty), so the calculations are a bit iffy, but the insurer has quoted what would have been the full-year cost last year for the Volvo, and it looks convincing (lower than the BMW by a small amount).

There are no other changes that should have a significant effect on the price (one year's extra NCB, but that is high anyway) and the renewal cost is c17% lower than the calculated value for last year. So much for all the scare stories.

(Obviously, insurance background varies dramatically between individuals and location, but I don't think £184 p.a. is bad for a new, reasonably powerful, £40k car).
 Messages Author Date
 Insurance Renewal new tyrednemotional 8 Jan 22 10:03
 Insurance Renewal new Terry 8 Jan 22 11:10
 Insurance Renewal new tyrednemotional 8 Jan 22 11:17
 Insurance Renewal new smokie 8 Jan 22 13:05
 Insurance Renewal new Bill Payer 8 Jan 22 14:57
 Insurance Renewal new Falkirk Bairn 8 Jan 22 15:58
 Insurance Renewal new Bill Payer 8 Jan 22 22:39
 Insurance Renewal new smokie 9 Jan 22 00:15
 Insurance Renewal new R.P. 8 Jan 22 16:51
 Insurance Renewal new martin aston 9 Jan 22 09:04
 Insurance Renewal new tyrednemotional 18 Jan 22 15:49
 Insurance Renewal new Fullchat 18 Jan 22 16:14
 Insurance Renewal new tyrednemotional 18 Jan 22 16:41
 Insurance Renewal new Boxsterboy 19 Jan 22 15:41
 Insurance Renewal new Bill Payer 27 Jan 22 10:08
 Insurance Renewal new Fullchat 27 Jan 22 11:19
 Insurance Renewal new Bill Payer 27 Jan 22 14:38
 Insurance Renewal new Dog 27 Jan 22 13:13
 Insurance Renewal new zippy 28 May 22 12:38
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