MG4 Insurance quote

[Cabbages]

Insurance is set to renew in a couple weeks after buying the car in April. I've been bracing for the worst, but it's even worse than that and comparison sites only give me higher quotes.

Model: 23 reg SE LR (phase 1)
Renewal quote: £1380 (literally double what I was paying last year for my old Fabia)
Lowest comparison quote: ~£1500

Demographics:
Relatively new driver in the UK, passed practical June 2021
3 years no claims bonus
Age bracket: 30-35
Homeowner

Am I getting shafted or is this normal? Anything I can change to lower it?

 

[Rolfe]

Although they're not specific to the MG4, there are a couple of threads about this in the General Chat subforum, which might help you a bit.

The great big insurance rip off

Sorry about not Being on here for a while, but I really need to rant a bit! :oops: Back story My Partner bought her ZS back in 2020 when they were offering some serious discounts that couldn’t be ignored, she purchased using PCP which neither of us have ever done, but thinking long term it...

www.mgevs.com

Insurance renewal problems?

Has anyone here recently had problems renewing their insurance? Read this article on Apple News from The Guardian, and wonder if any MG drivers are experiencing the issues reported by some Tesla owners. £5K per year insurance??? Surely not… https://apple.news/AbDbouTvUQ1aazIIzsFjEkg

www.mgevs.com

 

[Ian Key]

Have a look at Martin Lewis's Money Saving Expert site for tips on how to lower your insurance quote.

https://www.moneysavingexpert.com/insurance/car-insurance/

 

[Tonych]

There was a national news story this week - one EV driver's renewal quote going from £1k to £5k and others having it refused by companies that didnt cover EVs anymore (having done so previously).

 

[MGCamb]

Halfway through the insurance year and the 'base' for my MG is £1400 - my previous bmw m140 was around half that.

 

[DON]

It's not only ev's being hit

 

[Tonych]

 

[JAD]

Try Aviva online. Admittedly I'm older, 20+ years no claims, garaged, but just bought MG4 XPower and paid £340 comprehensive insurance!

 

[Cabbages]

Try Aviva online. Admittedly I'm older, 20+ years no claims, garaged, but just bought MG4 XPower and paid £340 comprehensive insurance!

Nope, was quoted £1700 through Aviva, that's even including the discount I get through my work.

 

[kin]

My Tesla M3 performance fully comp £500 last year.
Chopped it in for MG4 SE £750 ( first batch, not many insurance had it on system at the time)
This year renewal £1100, but managed to get it down to £584 with Aviva Zero.
In the meantime, I got a quote for the same Tesla just out of curiosity, quoted 1300!!

Played around a bit more and surprisingly a quote for the X power was £845 and Smart Brabus even cheaper at £700. I genuinely expected both to be well over a grand!

 

[dave99]

I used Aviva last December and it came in at £394 - not had a renewal notice yet as its a couple of months off, but a quick meerkat search is bringing up Aviva at £731, and curiously quite a few quotes around that mark. Best is Hastings, who I was with prior to the MG4 but they didn't have it on their system when I needed it last year, but it is a telematics policy at £582

It seems very wrong to me that a legal requirement has no regulation or control of prices - you have to have it but the suppliers can charge whatever they can get away with

 

[tsedge]

One way to think about it is that every £100 of insurance premium cost is 1p/mile if you do 10,000 miles a year.

So if you are paying £500, it is 5p a mile, £1000 is 10p/mile.

Since cheap night rate electricity typically means a cost of 2-3p/mile, this can make a significant difference to your overall running costs.