Insurance policy renewal - going from Jaguar Ftype to MG4 Xpower!

[simonplayspiano]

This is interesting. When I got the MG I obviously only paid a few quid to 'upgrade' my remaining policy. So as the renewal has now come through, I can see the impact on a full year quote for both cars. Policy is from Tesco Insurance.

Last year my policy was £383.87 - now for the MG it's £720.90 - that's quite some jump. For context, I'm 54, been driving all my life, never had an accident and no points. I must be one of the lowest risk demographics.

Anyway, I went on comparethemarket and got a quote from Hastings Direct for £484 - and Tesco couldn't get anywhere near it.

Change of insurer coming up!

 

[Lovemyev]

There has been a lot of chat on car insurance price increases on another thread.
It’s very common practice too switch providers after 1 or 2 years now.
Introductory offers are rarely repeated.

The great big insurance rip off

In Australia, car insurance for EV is comparable to what we pay for our ICE cars

www.mgevs.com

 

[JonnyG]

Have you tried getting a new quote for the Jaguar F-Type. I suspect it would be a quite a lot higher now than last year.

 

[CooperS]

So many variables on car insurance plus big premium increases across the board. Try NFU, they have specific EV policies, only been with them for a couple of years but very good. Remaining 3 months on policy to cover XPower was £80. No online quotes but over telephone, bit of a faff but worth it for me.
I also got £70 refund from previous car so net £10 for 3 months!

 

[Ayoull]

All cars have gone up, our two EVs are now £450 each (MG4 SE SR and MG ZS EV MK1) compared to £350ish last year.

And got an automated reminder from compare the market for our old 60plate 2L nissan xtrail so for the laugh I ran it, and that had gone up from £370 to £500.

 

[Rashfield]

This is interesting. When I got the MG I obviously only paid a few quid to 'upgrade' my remaining policy. So as the renewal has now come through, I can see the impact on a full year quote for both cars. Policy is from Tesco Insurance.

Last year my policy was £383.87 - now for the MG it's £720.90 - that's quite some jump. For context, I'm 54, been driving all my life, never had an accident and no points. I must be one of the lowest risk demographics.

Anyway, I went on comparethemarket and got a quote from Hastings Direct for £484 - and Tesco couldn't get anywhere near it.

Change of insurer coming up!

Just a suggestion, try Aviva, well rated and for me, £440. Try to get a quote as Martin Lewis suggests, about 23 days before it’s due. Good luck.

 

[CooperS]

Just a suggestion, try Aviva, well rated and for me, £440. Try to get a quote as Martin Lewis suggests, about 23 days before it’s due. Good luck.

That was roughly the same price for me with Aviva, should I have needed to change insurers. However NFU came up trumps on this occasion, but will see at renewal time next March.