[StuieUK]

wow, i must have missed the news, but did insurance companies just suddenly decide there shareholders want bigger bonuses ?!!!!

I'm like 47, 23yrs NCD, live no where near a city, low crime area, etc...
2017 F30 335d (mapped, exhaust, lowered).....
Been using A-Plan for past 5yrs (mix between Sky, A Flux and A-Plan for past 20years with JDM cars) , currently with A-Plan for my 335d & FK2..

Renewal is coming in at £620 !!!
I went from paying £240 average for an R34 Skyline to £550 in 2021 for the BM, last year renewal was £510...
Now its £620 to renew end of month !
OMG!!

ok, rant over!

[AlwynMike]

Need to recoup costs for the Luton Airport fire....

[SimonBMW1]

Every1 in same boat.
Mine was 700 last year, this year they wanted 1300.
Price comparison was more. Called up, blagged i can get 800. They said best they can do is 950. Took it.

B58 are really high atm. Got a reputation for boy racer cars.
I want a m4 but insurance is the deal breaker

[MY340i]

Half the late-20’s year olds on the m3/M4 groups are paying £2-£3k insurance per year now. Crazy money.

[roundy]

I think everyone is getting screwed, was paying £850 and then quoted £1,600!! Comparison sites were showing £2,000, but when we rang through we got them down to £1,300!!

Driving for 20 years with no points, a low crime rate area, and all that. I was rear-ended last year and my 535D was written off with the other party taking all the blame so no doubt that's added to it all aswell.

[danb1979]

Already a thread running in off topic:

https://f30.bimmerpost.com/forums/sh....php?t=2016234

Insurance is a joke currently

[GOF_430d]

Oh goody, my insurance is up for renewal in December [59 yr old man who now drives slowly] and I paid £900 last year - apparently knocking a cyclist over is frowned upon by insurance companies - lesson learned. The brighter bulbs I fitted in March this year has improved my visibility at night immensely, that and I'm actively looking out for the sneaky so & sos.

[Tommo3]

If you want to drive a modified 335d in a country with 70mph speed limits, tons of congestion and loads of crime then expect to pay high insurance costs.
There are many alternatives, smaller car, or a 318d which is just as fast at the motorway speed limit.

[Leeg1633]

Originally Posted by Tommo3

If you want to drive a modified 335d in a country with 70mph speed limits, tons of congestion and loads of crime then expect to pay high insurance costs.
There are many alternatives, smaller car, or a 318d which is just as fast at the motorway speed limit.

It's about how quick you can get to 70mph

[TurboWeasel]

What a dumb argument. That's like saying Rolex watches exist, but buy a £30 Casio as it does the same thing. A 318d will be slow as shit accelerating up to said speed limit, which is why people buy a 335d. And people who spout on about obeying speed limits on forums are talking shit and break them themselves.

[Allworth]

Originally Posted by TurboWeasel

And people who spout on about obeying speed limits on forums are talking shit and break them themselves.

Or what's even worse - driving too slow thus slow and steady harming mental health of those following behind.

[danb1979]

Originally Posted by TurboWeasel

What a dumb argument. That's like saying Rolex watches exist, but buy a £30 Casio as it does the same thing. A 318d will be slow as shit accelerating up to said speed limit, which is why people buy a 335d. And people who spout on about obeying speed limits on forums are talking shit and break them themselves.

That poster is another one on these forums that tends to spout a lot of shite...

[bishbosh]

Did BMW's lubrication engineers tell you that?

[Ennoch]

Originally Posted by Tommo3

If you want to drive a modified 335d in a country with 70mph speed limits, tons of congestion and loads of crime then expect to pay high insurance costs.
There are many alternatives, smaller car, or a 318d which is just as fast at the motorway speed limit.

Not that into cars then, are you? You seem to assume that everyone who drives a quicker car than you is a risk to themselves and all around them. Or perhaps you're saying that it's our fault our cars are more at risk to thieves? If you took your argument to its logical conclusion, why aren't you driving around in a 1.0 Ford Focus? I believe the phrase is victim blaming. Surely the answer is to sort out the policing in this country so that they actually investigate crimes, and have enough of a presence with enough teeth to dissuade those who are currently running round places like London and Birmingham nicking everything they can? Last time I checked there was no rule on maximum power, nor against owning nice things.

Mine has just gone from £800 for two cars to £950 just for the Beemer with a total premium increase of £600. Luckily I'm in a position to absorb that increase, albeit at the expense of something else. However, how many are able to do that? And this isn't just about 'flash' cars, whatever they may be, but all cars going up across the board. How many people who are already pushed to the limit with heating, fueling the car to get to work etc etc, are going to find themselves in the position where they simply can't afford to insure their car, and go for the 'hopefully nothing will happen' approach and just drive uninsured? It's not right, but some people when their backs are against the wall will do that. And that just increases the costs further for those of us who are paying because you know for sure that the insurance companies won't be interested in absorbing the costs resulting from their own greedy actions.

It just seems like in the last few years the corporate system has utterly broken, and that any sense of sensibility of pricing has gone out the window. This has led to high inflation, which then gives companies carte blanche to simply whack up their prices a huge amount and say 'but inflation'. Insurance seems like the Wild West with a notion that they can just up prices as much as they want (if they start posting losses then I could see the justification but they're not, they're posting greater profits than ever, just as the oil companies did during the start of the Ukraine crisis). Throw in every single large company profiteering on alleged high raw material costs etc and you're left with very few people getting rich, but those who are are getting very rich. And to look at the supermarket argument, how many farmers are being squeezed to the point of suicide because they're simply not being paid anything like as much as they should be? Things are fucked but I don't believe they're all down to the post-Covid payback, nor Ukraine. So many of these issues are rooted in greed and selfishness from the part of a relative handful of people and companies.

[335dX]

This must be a BMW thing?

I came out of a 435d GC which was £450 a year (last year) into an Insignia GSi auto and it went down. The renewal came through for the GC and it was near £900. The same company were £350 for the Vauxhall.

[Markos ZimZimma]

Originally Posted by Ennoch

Not that into cars then, are you? You seem to assume that everyone who drives a quicker car than you is a risk to themselves and all around them. Or perhaps you're saying that it's our fault our cars are more at risk to thieves? If you took your argument to its logical conclusion, why aren't you driving around in a 1.0 Ford Focus? I believe the phrase is victim blaming. Surely the answer is to sort out the policing in this country so that they actually investigate crimes, and have enough of a presence with enough teeth to dissuade those who are currently running round places like London and Birmingham nicking everything they can? Last time I checked there was no rule on maximum power, nor against owning nice things.

Mine has just gone from £800 for two cars to £950 just for the Beemer with a total premium increase of £600. Luckily I'm in a position to absorb that increase, albeit at the expense of something else. However, how many are able to do that? And this isn't just about 'flash' cars, whatever they may be, but all cars going up across the board. How many people who are already pushed to the limit with heating, fueling the car to get to work etc etc, are going to find themselves in the position where they simply can't afford to insure their car, and go for the 'hopefully nothing will happen' approach and just drive uninsured? It's not right, but some people when their backs are against the wall will do that. And that just increases the costs further for those of us who are paying because you know for sure that the insurance companies won't be interested in absorbing the costs resulting from their own greedy actions.

It just seems like in the last few years the corporate system has utterly broken, and that any sense of sensibility of pricing has gone out the window. This has led to high inflation, which then gives companies carte blanche to simply whack up their prices a huge amount and say 'but inflation'. Insurance seems like the Wild West with a notion that they can just up prices as much as they want (if they start posting losses then I could see the justification but they're not, they're posting greater profits than ever, just as the oil companies did during the start of the Ukraine crisis). Throw in every single large company profiteering on alleged high raw material costs etc and you're left with very few people getting rich, but those who are are getting very rich. And to look at the supermarket argument, how many farmers are being squeezed to the point of suicide because they're simply not being paid anything like as much as they should be? Things are fucked but I don't believe they're all down to the post-Covid payback, nor Ukraine. So many of these issues are rooted in greed and selfishness from the part of a relative handful of people and companies.

Regrettably I f***ing echo all of that. The public are seemingly getting shafted from every angle at present. The UK public seem to just accept it, would the French? Has the UK lost its protest mojo?

[cobs]

It’s not just car insurance. Our household insurance with LV has gone up from £483 pa to £849 …..
LV we’re not prepared to negotiate citing the increase in claims, although nothing to do with ourselves.
Needless to say I cancelled our auto renewal and after a search on Compare the Market, arranged the same cover with a Post Office Gold policy for only £388
!!!

[NotGotABimmer23]

It's the classic; costs have gone up 10% so let's increase prices by 30% and take advantage, then when asked we can just say "inflation " and brush the record profits under the rug.

[Somebloke]

Mid Sept renewal. LV wanted a 72% increase to renew, along with an increase in compulsory excess. Shopped around and ended up with BMW Flex Insurance, which is a monthly plan, for +10%, and they’re basically underwritten by LV!

[TurboWeasel]

Originally Posted by danb1979

That poster is another one on these forums that tends to spout a lot of shite...

Originally Posted by bishbosh

Did BMW's lubrication engineers tell you that?

Ah, it's THAT guy Wasn't he scolding us for choosing our own brand and viscosity of oil, heaven forbid? Damned capitalist markets and freedom of choice

Oh and back on topic, my 330d came in at £615ish through LV=, so seems I'm in the right ball park then for my age, cough, 50, cough.

[danb1979]

Originally Posted by TurboWeasel

Ah, it's THAT guy Wasn't he scolding us for choosing our own brand and viscosity of oil, heaven forbid? Damned capitalist markets and freedom of choice

Oh and back on topic, my 330d came in at £615ish through LV=, so seems I'm in the right ball park then for my age, cough, 50, cough.

Aye

I'm 45; driving 25 years. Full NCB (never claimed/never had an accident); advanced driver via IAM as well as 'other' driving courses

Cars on the driveway; secure area/good postcode/ 6k miles a year max etc

Fully OEM

Comparison sites wanted nearly £1k back in Jan this year; Chris Knott renewal come through at £500 bang on the nose... Went with that

We were going to insure it under my wife's name and make her the main driver (until she came back from work one day after having a load of dents put into her doors because of knobbers at the Uni that give no shits about other cars etc); she's same quals as me, driving a year longer. Never owned a RWD car etc though; insurance was nearly £1500 with me as the named driver

He Jazz costs £250 a year to insure!

It is, as they say, bloody stupid!

[goram]

It's a bit of a lottery, and I work in insurance!

My renewal on my RS4 come through, due on the 30th september at £780 - up £20 on last year. That's with my missus on it, who only has a provisional licence. So all in all pretty decent.

Went to pull the trigger this week on a 335d xDrive, and my insurers want an extra £245! Go work that out - Audi RS4 is £245 a year cheaper to insure than a 335d with a provisional drive on it?!?!?!