GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: dervy on 30 October 2020, 15:30
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I have had my insurance with LV for some years now and the price has always been reasonable (for London). Interestingly enough, it got cheaper when I changed from a GTD to an R (310 version). My insurance is due for renewal at the end of December and I’ve just received an email from LV saying that premiums for Golf Rs will be increasing because of the amount of thefts over the past 5 years. Fitting additional security features will not help to keep the premium down, although an increased excess might! In addition, loyalty, lack of any claims or convictions will not be taken into account- it’s the blooming car! Has anyone else received a similar message regarding a performance golf from LV, or any other insurer? I am aware of the Rs reputation for being stolen, but that has been the case since it came out!
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Hmmmmm. Seems like insurance company nonsense to me. Any excuse to increase premiums.
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Gocompare - I change insurers most years or use the GC quote(s) to beat the incumbent down, saves more than a few quid each year on car and house insurance.
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How much more were they looking
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Insurance seems to completely lack logic for me this year.
When I got my A4, despite my insurer coming up with £444 on comparison sites for a new policy, they deemed my car as attracting a premium of £606 as a current customer and charged me pro-rata on that basis.
They are quoting me about £620 for the year now with the renewal due Nov 23rd.
Meanwhile, Directline is coming in at £510, the Admiral group companies on Comparethemarket were cheapest at around £460. I almost didn't bother with the other comparison sites, thinking they'd all come in the same but there's an insurer ("Darwin" - never heard of them) at confused.com coming in at £332. Nothing missing from the cover NCD protected fully comp.
The only significant difference between details on Compare the Market and Confused was that Confused asked if I have a dashcam (which I do). Seems to have made a difference as Darwin isn't even listed if you say you don't have one.
Conversely, current insurer (quotemehappy) for the wife's Polo GTI+ is coming in a lot cheaper now the wife has achieved 5 years NCD - £288 from £359 last year. The comparison sites come in at around £350 with protected NCD.
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I have had my insurance with LV for some years now and the price has always been reasonable (for London). Interestingly enough, it got cheaper when I changed from a GTD to an R (310 version). My insurance is due for renewal at the end of December and I’ve just received an email from LV saying that premiums for Golf Rs will be increasing because of the amount of thefts over the past 5 years. Fitting additional security features will not help to keep the premium down, although an increased excess might! In addition, loyalty, lack of any claims or convictions will not be taken into account- it’s the blooming car! Has anyone else received a similar message regarding a performance golf from LV, or any other insurer? I am aware of the Rs reputation for being stolen, but that has been the case since it came out!
This is very interesting, I was with LV until my renewal in June. The renewal was a £74 increase so £449ish. Well obviously wasn’t taking that so did some comparisons thru compare the market and ended up with Lloyd’s at around £310.
I nearly went with someone else (a big well known company but forgotten name) anyway I was busy filling out my details and got to end with final declaration and it said”we are giving you this quote based on you stating you have a tracker fitted to your vehicle......” What!!!!!!! When the hell did I say that, couldn’t find any question where I’d said I had a tracker but in the end decided it was the questions asked by the price comparison site that had caused it. So changed to Lloyd’s and no issue (after very carefully reading everything) and got my renewal at £140 cheaper.
So interesting to hear LV don’t want Golf R owners so they were just trying to get rid of me by putting the quote up and then had no interest in trying to even match Direct Line at £330ish
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I had my renewal from LV recently too, and the price had gone up fairly significantly. I popped my details into the Meerkat and got a lower price than I paid last year. This is pretty much the pattern every year.
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I had been a happy customer with LV for a number of years, until switching to NFU a couple of years ago.
The reason I changed was partly due to their unwillingness to improve much on their initial renewal prices, but mainly due to the fact that they had sneaked in a change on their policy, that basically was designed to put you off using a repairer of your choice by charging an additional substantial excess in that scenario. I would always want an input on who was going to be repairing my car without being penalised for it.
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In answer to Toeman, I’ve yet to get the renewal quote as it’s not up until the end of December. I will, of course look around, but in the past LV have been the cheapest for me.
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Just renewed mine, it has come down £30 this year with LV through Adrian Flux.
Always pays to shop around as well as 9/10 times you can find it cheaper. The ones that stay loyal are the insurance companies best friends as they know they are mugs for being loyal.
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I believe the law is changing so Insurance companies cannot give you a higher premium than a new customer.
Every year I look to change both car & motorcycle insurance companies without fail.
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Just had my renewal in the post , fully comp , full ncd, £400 this year
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I believe the law is changing so Insurance companies cannot give you a higher premium than a new customer.
Every year I look to change both car & motorcycle insurance companies without fail.
I really hope that happens. I remember a daft conversation with Direct Line about a renewal, which they had beaten if I got another quote online but they couldn’t honour as a renewal. Even their customer service rep laughed at how dumb it was. I had to cancel, then go through the process as a new customer.
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I believe the law is changing so Insurance companies cannot give you a higher premium than a new customer.
I've not read that, but like the much vaunted charging male and female drivers the same episode, all that will remain is everyone paying the same - the higher non-discounted price.
You have to try to understand how insurance works - it doesn't exist to provide you with a service, it exists to create a profit for investors. Its a financial investment vehicle. It has all sorts of elements within it around structure that delivers the returns promised to investors and its really complex - which is why actuaries are quite clever people.
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That’s business. We can only hope that market forces and plenty of competition brings prices back down again.
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I believe the law is changing so Insurance companies cannot give you a higher premium than a new customer.
I've not read that, but like the much vaunted charging male and female drivers the same episode, all that will remain is everyone paying the same - the higher non-discounted price.
You have to try to understand how insurance works - it doesn't exist to provide you with a service, it exists to create a profit for investors. Its a financial investment vehicle. It has all sorts of elements within it around structure that delivers the returns promised to investors and its really complex - which is why actuaries are quite clever people.
Going to be a while I'm afraid
https://www.moneysavingexpert.com/news/2020/09/insurers-face-ban-on-hiking-prices-for-existing-customers-at-ren/
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Decided to shop about and got myself a renewal with Axa for £201.... 200 cheaper
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When I sold the GTI a couple of months ago and got my TTRS, my current insurer said they wouldn't cover that car at all, so I had to cancel and got a quote from the broker (HIC - who I'll never use again) of somewhere between £850 and £900.
Now bear in mind I'd already done a compare the market search to make sure I didn't get the car and then find out I couldn't insure it with quotes coming back in the region of £400 with similar excess and extras. I went back to HIC with this info and that was "The best they could do"
So I went to confirm cancellation and they then have the cheek to charge me £30 to cancel the policy that they can't provide because I wont pay more than double to insure my car with them. Robbing gits!!
On the plus side, I got a free sleepy Oleg toy from compare the market lol.
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When I sold the GTI a couple of months ago and got my TTRS, my current insurer said they wouldn't cover that car at all, so I had to cancel and got a quote from the broker (HIC - who I'll never use again) of somewhere between £850 and £900.
Now bear in mind I'd already done a compare the market search to make sure I didn't get the car and then find out I couldn't insure it with quotes coming back in the region of £400 with similar excess and extras. I went back to HIC with this info and that was "The best they could do"
So I went to confirm cancellation and they then have the cheek to charge me £30 to cancel the policy that they can't provide because I wont pay more than double to insure my car with them. Robbing gits!!
On the plus side, I got a free sleepy Oleg toy from compare the market lol.
You should've been charging them not the other way around!
How are you getting on with your new toy?
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When I sold the GTI a couple of months ago and got my TTRS, my current insurer said they wouldn't cover that car at all, so I had to cancel and got a quote from the broker (HIC - who I'll never use again) of somewhere between £850 and £900.
Now bear in mind I'd already done a compare the market search to make sure I didn't get the car and then find out I couldn't insure it with quotes coming back in the region of £400 with similar excess and extras. I went back to HIC with this info and that was "The best they could do"
So I went to confirm cancellation and they then have the cheek to charge me £30 to cancel the policy that they can't provide because I wont pay more than double to insure my car with them. Robbing gits!!
On the plus side, I got a free sleepy Oleg toy from compare the market lol.
That’s really not on. Imagine that happening in any other business! Tesco can’t sell you the bag of apples but charge you a cancellation fee for them changing their minds. :angry:
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When I sold the GTI a couple of months ago and got my TTRS, my current insurer said they wouldn't cover that car at all, so I had to cancel and got a quote from the broker (HIC - who I'll never use again) of somewhere between £850 and £900.
Now bear in mind I'd already done a compare the market search to make sure I didn't get the car and then find out I couldn't insure it with quotes coming back in the region of £400 with similar excess and extras. I went back to HIC with this info and that was "The best they could do"
So I went to confirm cancellation and they then have the cheek to charge me £30 to cancel the policy that they can't provide because I wont pay more than double to insure my car with them. Robbing gits!!
On the plus side, I got a free sleepy Oleg toy from compare the market lol.
That’s really not on. Imagine that happening in any other business! Tesco can’t sell you the bag of apples but charge you a cancellation fee for them changing their minds. :angry:
it is the insured who has changed his mind- not the insurer- because he has asked for a bag of oranges rather than a bag of apples
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On the plus side, I got a free sleepy Oleg toy from compare the market lol.
How are you getting on with your new toy?
He loves sleepy Oleg (and who wouldn't) - he takes Oleg to bed every night! :grin:
Or did you mean the car? :huh:
Just been hammered for insurance. House and both cars fall in the same month - about £810 all in. Got a £20 Domino's voucher for my A4 insurance, an oleg for the house insurance and the wife's was a renewal. Confused.com massively cheaper for my A4 than meerkat site - so not all of the big comparison sites are the same - £335 best price on confused vs £465 best price on Meerkat.
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When I sold the GTI a couple of months ago and got my TTRS, my current insurer said they wouldn't cover that car at all, so I had to cancel and got a quote from the broker (HIC - who I'll never use again) of somewhere between £850 and £900.
Now bear in mind I'd already done a compare the market search to make sure I didn't get the car and then find out I couldn't insure it with quotes coming back in the region of £400 with similar excess and extras. I went back to HIC with this info and that was "The best they could do"
So I went to confirm cancellation and they then have the cheek to charge me £30 to cancel the policy that they can't provide because I wont pay more than double to insure my car with them. Robbing gits!!
On the plus side, I got a free sleepy Oleg toy from compare the market lol.
That’s really not on. Imagine that happening in any other business! Tesco can’t sell you the bag of apples but charge you a cancellation fee for them changing their minds. :angry:
it is the insured who has changed his mind- not the insurer- because he has asked for a bag of oranges rather than a bag of apples
I would like to formally apologise for starting a fruit themed debate. :grin:
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Nothing wrong with a fruity discussion!
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Nothing wrong with a fruity discussion!
Oh I love this forum! Great work. :grin:
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Nothing wrong with a fruity discussion!
Oh I love this forum! Great work. :grin:
Yes this forum is grape, absolutely peachy! Not like some of the others with rotten apples that drive me bananas.
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Nothing wrong with a fruity discussion!
Oh I love this forum! Great work. :grin:
Yes this forum is grape, absolutely peachy! Not like some of the others with rotten apples that drive me bananas.
Well played sir, well played. :grin: