[Myk-D]

The first year with my M40i is nearly up (and it's been great!) and I've had my car insurance renewal quote through, and surprise surprise it's gone up by 20%, to just under £700. As a middle-aged man with a full clean license and 15 years no claims this seems ridiculous, even accounting for living in central London. I've done a quick CompareTheMarket quote and I can't get anything close to what I've been paying, which is annoying.

So, who's with what insurance company here in UK?

[tonyb15re]

I have most of my policies for insurance through Aviva and get multi car and multi policy discount.

[MarkyM]

At the moment I'm with Axa, my last renewal was £380 but I fear that may rise this year (52, clean license)

[london_v]

I'm with Admiral and paying £800 a year. Combination of postcode and desirable car means insurance quotes are always a PITA

[MediaMan]

Comparison sites show headline figures. When you slim the excess down to £50 or £100 from £500, the price has shot up.

Also, Churchill and Direct Line dont appear on comparison sites, and with the latter, car insurance includes business use as standard. For a number of years, I've chopped and changed between those two or LV and had competitive premiums.

Another option is to call A Plan, a broker, who will try and tailor a policy more to your needs. When I bought my X3, I have 7 days drive away with BMW insurance, and they quoted for a year which was £100 more than I paid with Direct Line.

[spangle1980]

M40d - 3 points but from 4.5 years ago, they still want to know.

I'm a data monkey, in quotes I tried every permutation. The couple of no-fault no cost accident I had don't seem to matter much (settled for cash for previous car since it was only a ding about £200 each). I shouldn't have put it down :-/

Oddly my insurance ran out 01-Jan this year. I got quotes from the meerkat which strangely when punching through to sites went up, even for same data.

Long story short - RAC for about £570 protected NCB (which I believe is a bit of a money maker according to Mr Lewis).

Weird thing is is *was* quoted as £680 for renewal 1st Jan, but if I made the date 31-Dec (i.e. one day overlap) it went to £570. I think time of year makes a difference, but they basically just make that shit up.

Incidentally I thought I'd got zapped by a van at the side of road, so I also check what would happen with +3 points (alongside the ones that expired in October 2017 which they still want to know about). That put it up on average to £800!!! :-o

[spangle1980]

OH ... one more thing which is really weird. My GF NEVER drives the thing, even though I'm always trying to make her (i.e. when we go out for a meal).

I keep threatening her with removal as named driver to teach her a lesson. The odd thing is if I DON"T put a named driver on policy it goes up by approx £100. So you should play with options a lot :-)

[ep22jg]

I'm with Aviva. I'm mid fifties and live in north Hampshire. Clean licence and 10+ ncd.

Last year was around £360, renewal just come in at around £380.
I will do what I've done for the last 2 years and get a new quote from Aviva. Has been cheaper than the renewal for both years!!

[muzzalad]

30d rather than m40i, but same insurance group bizarrely - 40.

Aviva as above - but in the smoke like you.
£750 per annum, with foreign use

Got 10 years less NCB than you and may have a dodgier postcode (?!) though, so may be worth having a look.

Accepting voluntary of £500 on top of whatever they want to put on as mandatory makes a big difference. Figure I wouldn't claim on anything below £1k to protect NCB.

I switch between Direct Line and Aviva fairly regularly, and have a look at what the new customer cost would be as well as doing the haggle on the phone.

[Myk-D]

Thanks everyone! I did try Aviva - I used to be with them for years until they upped my premium by 50% one year - but it's coming out at well over £800.

I do usually fiddle with the parameters, and found out a while back that adding the other half as a named driver dropped my premiums considerably.

Will have another fiddle and try Direct Line etc.

[MediaMan]

Originally Posted by ep22jg

I'm with Aviva. I'm mid fifties and live in north Hampshire. Clean licence and 10+ ncd.

Last year was around £360, renewal just come in at around £380.
I will do what I've done for the last 2 years and get a new quote from Aviva. Has been cheaper than the renewal for both years!!

May be down to the area and occupation it is so cheap - lucky you! I work in the media, have a company car too, live in E Midlands and paid £520 with 9 years NCB and 2nd car discount with Direct Line. Wife pays £360 for her Cooper S convertible with 27 y/o daughter as named driver.

Thing is be adding wife/partner, it shares the risk which is why it is cheaper, even thought the other person may never drive the car. Insurance company algorithms are seriously flawed.....and as someone said, they do make it up as they go along.

[MarkyM]

Originally Posted by Myk-D

Thanks everyone! I did try Aviva - I used to be with them for years until they upped my premium by 50% one year - but it's coming out at well over £800.

I do usually fiddle with the parameters, and found out a while back that adding the other half as a named driver dropped my premiums considerably.

Will have another fiddle and try Direct Line etc.

If you can't find anything better give your current company a ring and politely ask if they can do a better price for you as it has gone up a lot

Always do this on home/car insurance and they generally do reduce it a bit

[Rbrown]

That’s some increase.

My M40 due for renewal nex month. Currently paying about £450 pa (with no voluntary excess). Similar quotes this year. Can only guess something has happened to affect your post code.

Have a look at the BMW Insuance. I actually got a really good quote and thinking of changing both my cars to them. I have heard that others are changing as well. Quite easy to get a quote...good luck.

https://www.bmw.co.uk/finance/insurance/car-insurance

[teaston]

Originally Posted by MediaMan

Comparison sites show headline figures. When you slim the excess down to £50 or £100 from £500, the price has shot up.

Also, Churchill and Direct Line dont appear on comparison sites, and with the latter, car insurance includes business use as standard. For a number of years, I've chopped and changed between those two or LV and had competitive premiums.

Another option is to call A Plan, a broker, who will try and tailor a policy more to your needs. When I bought my X3, I have 7 days drive away with BMW insurance, and they quoted for a year which was £100 more than I paid with Direct Line.

Churchill are on comparison sites, on confused.com at least, they come out cheapest for me when you take into consideration that they include legal cover for free.

£657, 37 years old, full protected no claims, no points, two non fault and one fault accident.

Without the claims it would be £480!

[Myk-D]

Originally Posted by Rbrown

That’s some increase.

My M40 due for renewal nex month. Currently paying about £450 pa (with no voluntary excess). Similar quotes this year. Can only guess something has happened to affect your post code.

Have a look at the BMW Insuance. I actually got a really good quote and thinking of changing both my cars to them. I have heard that others are changing as well. Quite easy to get a quote...good luck.

https://www.bmw.co.uk/finance/insurance/car-insurance

I just tried BMW. "I'm sorry we're unable to quote you based on the information you've provided". Not sure what I've done wrong LOL

[Rbrown]

Originally Posted by Myk-D

I just tried BMW. "I'm sorry we're unable to quote you based on the information you've provided". Not sure what I've done wrong LOL

Give them a phone.

I will be calling them to establish that mods are not anything that came from the factory.

[JustChris]

Originally Posted by Myk-D

The first year with my M40i is nearly up (and it's been great!) and I've had my car insurance renewal quote through, and surprise surprise it's gone up by 20%, to just under £700. As a middle-aged man with a full clean license and 15 years no claims this seems ridiculous, even accounting for living in central London. I've done a quick CompareTheMarket quote and I can't get anything close to what I've been paying, which is annoying.

So, who's with what insurance company here in UK?

Debenhams insurance for me, cheapest I could find by some way and this is still more than the M3 Comp to insure.

I'll never work out insurance!

[ep22jg]

Originally Posted by Myk-D

I just tried BMW. "I'm sorry we're unable to quote you based on the information you've provided". Not sure what I've done wrong LOL

Just got the same!!

[Spoonhead]

My insurance quote came out at £336 with just 3yrs no claim bonus and the wife as other named driver. East Sussex location. Late 50s. No points.

You should try all the comparison sites and the ones that don’t get quoted like direct line. The same insurance company can quote me differently on different sites, so it’s must all be down to algorithms that the sites use.

Cheapest for me was on Confused.com.

[MediaMan]

Originally Posted by teaston

Churchill are on comparison sites, on confused.com at least, they come out cheapest for me when you take into consideration that they include legal cover for free.

£657, 37 years old, full protected no claims, no points, two non fault and one fault accident.

Without the claims it would be £480!

I stand corrected!

[weez]

Curious, what is road tax on an M40i?

[MarkyM]

Originally Posted by weez

Curious, what is road tax on an M40i?

In UK?

It is £140 a year plus additional £310 per year for first 5 road tax renewals