I had a Skoda Octavia 1.9 tdi on an 09 plate and changed it to a 14 reg Sportage 1.7 crdi just recently. there was a month before my renewal date and as the Kia is a group lower I did not expect much of a rise. My quote was over double the last premium I paid. Last year it was £277 and this year the ins co wanted £580, so I went on a comparison website and found an AA police the same as I had with my last insurer which came out at £495. I managed to get my insurer to get it down to £499. What a rip off we motorists get on a daily basis.
Great video. Honestly think the best car in the UK is the Honda Jazz. Amazing reliability, economical, easy to drive and cheap to insure. If you are on a budget get one.
How crazy is this - my 2024 Mini Countryman S E is more expensive to insure than my 2023 D250 Defender 90 that has Offroad use included in the policy, BUT both of those cars individually cost less to insure than even the cheapest to insure on the list. One of the few bonuses of living in the Central Belt of Scotland rather than having a S E of England post code I suppose.
As someone with a car in insurance group 2 who's been worried about the idea of leasing a new car in group 28, it's reassuring to see such a variety of group numbers on this list and that it doesn't affect the premium as much as I thought
The important thing to note is that it absolutely CAN, that doesn't mean it always WILL. Or certainly not always by as much as you think, certain insurers have different appetite too so it's not unheard of for an insurer to not always go along with insurance groupings when it comes to pricing.
@@DefinitelyNotAGuruAbsolutely, but I'll not let it put me off and I'll make sure I get a quote to actually make sure. It's night and day compared to my experience in pet insurance where the breed can 5x the premiums, though with your explanation of payouts it makes sense seeing as breed is the biggest determiner of what your vet bills will look like
Cheers Jim firstly congrats on 45k subs on the insurance front we used to life in a real rough area ( at 1 point 27 cars burnt out in field at the end of the road) moved to a quiet cul de sack insurance went UP 😢😢
Probably because the cars in the car de sac were the ones being nicked - it’s never great to be in the best road in the worst area (you’re the target). Thanks for all the support mate
Wicked little video, Jim. Thsnks for the explanation at the end. Youre right though, in so many respects it is just Bananas! Thanks again for the information 👍🏼👍🏼
I thought that the insurance costs would relate to the insurance groups, however it does not seem to be directly comparable? As an insurance expert Jim, I would also be interested in your thoughts on excessive accident repairs for minor bumps and writing off of easily repairable cars. I have watched a few RU-vid videos by Saving Salvage who has purchased writeoff repairable cars and has fixed them with a minimum of cost and time. A recent one that particularly springs to mind was a nearly new LR Defender which was classed as a Cat S write off. However when he repaired it, the car had no structural damage and was repaired with £3K's worth of parts and a day of his time. Sounds like somethings going wrong with the whole process somewhere?
It’s badly broken. Insurers basically have to use new parts and guarantee the work that’s done for 2 years. You could often do the job yourself with used parts for 10% of the cost and offer no guarantee of course. A lot of your premium is going directly into unnecessary costs to meet the regulators requirements around fair pricing (which have effectively wiped out an insurers ability to offer a good price to attract new customers and therefore punished everyone who previously shopped around).
You spoke about personal injury claims. I always wonder if some of that money should go to the NHS, because at some point in that injury the NHS will probably have been involved, even if it is just the first responders or the GP referal. Always interesting reading while I wait for teh toast to pop up on a Sunday morning🤣😂
@@DefinitelyNotAGuru There you go, you learn something new every day. I lived in Germany a long while ago and teh police had to be called to every accident and they decided who was to blame so the insurance companies had the blame decission done for them which saved money, they just paid up, simples.
8:00 part of the reason re why prices went up again is cause the regulator did act...but in the wrong way for those who used to shop around. Insurers now have to offer new customers the same price as current ones, which means those who used to shop around via comparison sites can't do so any more as insurers put up all prices for everyone. Might help those who never switched, but shafts the rests
Thanks for the info. I thought my insurance renewal was a rip off, but far cheaper than those prices listed here. I ‘dumped’ my previous insurer who I had for years, and obviously did not want me as a customer when I saw the renewal price at over double the previous year! Shopped around and found a cheaper option will the same cover from a reputable insurer.
I thought the £325 to insure my little Jeep in Bristol was a lot until I saw these “average” prices! As the election is coming up have any of the big parties spoken about the rising insurance costs and any plans to deal with it? Really helpful video by the way
Which car would you recommend for an 18 Year Old looking to buy their first car. Looking for a used car that looks good (Saloon, Coupe), affordable (Under 5k), cheap insurance/maintenance costs, reliable.
I'd tell them to get somethign bloody horrible for a year minimum and then start looking for something nicer. Seriously, 1 year NCD and 1 year clean driving record will be a msssive help. Get a C1 / 107 / Mii / Up etc then take a look next year. You might think I haven;t answered your question but trust me, I have. 👍
Thankfully the insurance is included on my motorbility plan when you look at the price of insurance it a amazing price we pay for the car great video jim
I did some experiments with my insurance with adjusting my miles i do & it makes no difference between 2,000m & 5,000m. Even having a damh came didn't make a difference.
Yes mate, I was trying to say that 5k is the max mileage discount you can get so putting in a lower mileage will have no effect. Put in a higher one and it’ll go up with most insurers.
Reading the other comments here i would suggest the best avoiding any BMW, Landrover or fast fiesta. Ed. You know, the ones the wronguns get on finance and use to pretend they are car enthusiasts
Insurance is now in the category of businesses models that is gamed for super profits rather than competetive business and shared risk. Similar to travel insurance now. Similar parasitical business models are house building, whereby they drip feed the market and dont compete or leasehold properties and all that entails.
One thing that is rarely mentioned with car insurance is profit. The target for pretty much everyone is break even then make profit on the premium holding over the 12 month. The actual car insurance usually makes a technical loss for most.
👍👍👍 I listened to a programme on Radio 4 last week on motoring insurance. One gentleman phoned in to give his daughters experience. She is eighteen years old, worked as a teaching assistant. Her insurance cost £1,600 per year. She changed her job and became a courier delivery driver. The use of her own vehicle did not change and she drove a works vehicle for deliveries. After notifying her insurance company that she had changed her employment the insurance rose to £4.600😲. The only way she was able to slightly reduced the premium was to take her mother OFF her policy. From what I understand usually ADDING an older person can reduce the premium. His question was, should young drivers, have to base their future careers on their motoring insurance. Thanks Jim
@@DefinitelyNotAGuru According to the father she thought the insurance company had misunderstood, and they believed she intended to use her own vehicle for deliveries. After several phone calls to explain the situation the company refused to lower the premium. Its a sad fact of life that greed is now the overriding priority for many businesses. ☹😟
My car is 14 years old and its less than £400 per year to insure.. I'm only in my 2nd year driving. I think upfront excess and age also massively affects cost. My car is so undesirable its great!
insurance is pure insanity at the moment, had a old 2012 ford focus 1.6 diesel paid 600 this year 3 months ago, just changed my car for a brand new 2024 Mercedes A35 AMG insurance was £481 cant work it out nothing else has changed other than 3 more months no claims
Exactly this. My 2008 VW Golf 2.0tdi sportline insurance is £450 with 10years of ncd. Just for curiosity I checked how much would be a new Audi A3 sedan to insure. Guess what, it came out a few £ less than the insurance of our 16yo car! Unbelievable...
As a retired senior citizen the companies are slowly pricing me out of the market I can see my only mode of transport in the not too distant future is a bicycle. At least I will not need to insure that - well not yet. Regards.
I was looking at the insurance groups on small vans for my son. with the ford Currier being the smallest and the cheapest to insure. but even the 75hp versions are group 24. why so much difference, when the car version is only group 2 or 3.
@@DefinitelyNotAGuru Sounds like he would be better off with a small estate car like 10 year old fabia. with blacked out windows in the back. I'll add to this actually, as It could be a good topic for you. As lots of newly qualified young tradesmen want a first vehicle to carry some tools in. My lad is a kitchen fitter. Working with his boss on every job, so he only needs the tool for that day I suppose. But with the versatility. to leave a few boxes of bits in the back all week if he wanted to. Myself and I'm sure a few others would be interested if you did a list of such vesicles and gave a few of the variables and restriction.s
Yeah a Fabia Estate is a shout. It’s unbelievable how many vans are getting broken into at the moment. No point putting more locks on as they’ll just do more damage to the van getting in. Anything that doesn’t look like a van with a small petrol engine would get my vote.
@@DefinitelyNotAGuru I think I've narrowed it down to the lovely looking seat Leon estate. with the lower HP diesel engine for the higher mileage capabilities and economy. They all have good spec, so I nice car and a work van in one.
My son's insurance company will not insure his Audi S3 or Range Rovers, wouldn't give a reason to him but it must be the fact they are prone to getting stolen.
Jesus H. Christ... !! £600+ average for a Fiat Panda.... I would use a bicycle.... I have just insured my "Expensive to Insure BEV" Citroën E-C4 for £435 fully comp. As for my motorcycle insurance.... it is even cheaper (and the bike is worth more than the Citroën).
@DefinitelyNotAGuru That kid in London.... definitely needs a pedal bike! Honestly, I am NOT even paying for my kids to learn to drive, if that quote nonsense like £6,000 at me.... It is cheaper to emigrate!
@DefinitelyNotAGuru Strangly I say a RU-vid recently about young car insurance... It was the Welsh guy who converts classic cars to electric on Quest. His son needed his first car and if I remember correctly it was a Renault Zoe that was cheapest to insure.
Why can't you do a Soap Box Video of what is wrong and how the general public could write to the regulator about specific subjects? OR would that be pointless? And if so why, can't anything be done?
Unfortunately it’s utterly pointless; too many involved with the regulator have never been involved at the coal face of things like car or home insurance and have little idea what how public actually wants or needs. I feel where at the stage where we possibly need a new regulator or a very different remit.
In other countries the government contr😊ok insurance by way of a bond. U cant buy a car without a bond so no insurance rate. Not rip off costs either this country is ducked in every facet of life
