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Car Insurance Renewal Doubled
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Anyone else had this? Can you recommend a fair insurance company for an over 80 age driver? No claims. We are with LV at the moment.....
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You will just have to shop around. A company that is cheap for an 80 year old living in a different area, driving a different car may be expensive for you.
Use all the comparison sites and check the companies that don't use them such as Direct Line and, I think, Tesco.
Try haggling with your current insurance company as well
Like you, I am with LV, and my premium roughly doubled from last year. I went to comparison sites and found that LV were almost the cheapest. A couple of years ago I had a small claim on the policy which was sorted out with one phone call and no hassle. I have just made a claim on my house policy (also with LV); that too has been hassle free. The fact that claims are hassle-free is worth a few pounds to me; you only find out how good an insurance company is when you come to make a claim. I shall have no hesitation renewing my house policy with LV when it comes up for renewal in May.
The first thing to remember is that loyalty is punished not rewarded. So hit the comparison sites. Also be aware that older drivers tend to get treated like teenagers as then get older.
Err indoors works in insurance and her outfit put out huge renewal quotes when they don't want the business, that could be LV's position here.
We have just renewed one of our car insurances and managed to match last years premium of £250 for 80yr old fully comp.£250 excess, windsceen covwr courtesy car etc
Follow all the advice given by Martin Lewis!
1. Renew 23 - 25 days before the renewal date for best prices.
2. Be a named driver on another policy
3. Accept a higher excess if necessary, after all you're not likely to claim unless it's a serious issue.
4. Make no claims unless it's a write off.
5. Unless you're retired, choose a generic occupation rathe than specific.
We end up alternating between Churchill, Saga, RAC and AA for ours sourced via Compare the Market.
According to this BBC article - falls in prices for food items such as crackers, cake and crisps helped offset the rise in electricity and gas costs to keep overall annual inflation unchanged from December.
No mention of 100% increases in vehicle insurance costs; people must be buying an awful lot of crackers, cake and crisps for their price fall to have such an effect on overall inflation (and swamp any insurance increases at 100%).
