Insurance rip off moving house

[Jim_mk7.5]

Just wanted to get some ideas from others regarding insurance.

We sold our house last year and ended up renting and paid an extra £150 when we moved as we were 'closer to the city centre'  and therefore a much higher risk - moved from parking on a drive right next to the road to a well-hidden, gated, CCTV private carpark with no visibility from the street I even said I'm driving on the same roads but half the distance so surely half the risk?!

We have now found a house to buy. It's 1.9 miles from our old house but in a different postcode. In a very desirable residential area (so estate agents say!) and was just looking at insurance quotes - it jumps from the original £480 up to £750 with the same company, LV who I've been with since I got the GTI in 2018. That's even playing around and reducing the mileage slightly from 10k to 8k. This includes business use. I'm 41 with 5 years NCD, no points or accidents.

Anyone had anything similar?  Any tips or help appreciated.

[mcmaddy]

Try going on the comparison websites, all of them, because certain companies will target certain areas or postcodes and certain cars. For example I've always found LV to be very very expensive for everything. Another alternative is try your bank as mine had a special deal on car insurance for being a customer.

[2007GTI]

I had similar in London a few years ago, I think it is down to specific postcodes, if they have had a lot of claims in that postcode in the past, it's a red flag for them, which is stupid, but I guess they don't have anything else to go on.

[Catnapper]

IMHO,
Shop around as I believe Insurance companies are all in it together. Some companies are cheap for a few years trying to get the business & hoping for no claims, which probably happens more often that not.
Once they've had you for a couple of years and you've not claimed then of course next year you're going to claim so they'll hike the price up or they'll believe you wont shop around for a year. So they are on a winner either way.
After a couple of years the one's who were expensive won't have had much business, therefore not as many pay outs and can now afford to drop their premiums for a couple of years.
Call me a cynic but this is exactly what happened with me & Priviledge. Cheapest for 2 years then a £200 increase. 2 years later they were the cheapest again.

[watchdog]

Also try Aviva Jim, always seem to be fair for the GTIP and post code scenario. I've just renewed for £287 and they acknowledge the pedalbox as OK.

[Ryan90GTI]

Some decent prices getting quoted here I've just had my renewal through and they're after £490 - I've got 10 years NCB, we live in a nice area too. Seems a total lottery.

[Hertsman]

We have been with Churchill for years on my wife Audi A1 Sline but decided to switch when they would not budge on a price and saved over 40% for same cover with Direct Line (the strange thing is the paperwork that came through looks 100% identical to Churchill aside from the heading name)

Have to shop around these days on everything - switching my utility provider has become a normal activity over last 10 years.

[Jim_mk7.5]

Thanks for the input.

Try going on the comparison websites, all of them, because certain companies will target certain areas or postcodes and certain cars. For example I've always found LV to be very very expensive for everything. Another alternative is try your bank as mine had a special deal on car insurance for being a customer.

I do use the comparison sites but I know not all the companies are on there. LV are about the cheapest using Compare the market.

Will try my bank, think First Direct do offer car insurance.

[Yusee]

It does appear to be related to the risk at that particular postcode. My only other thought is some companies may consider you higher risk if you move house often ( I can’t remember, do these comparison sites ask how long you’ve lived at your home address?).
Either way, I’m sure you’ll do better than that with another company

[rajb]

Definitely keep trying the comparison sites. It can change from week to week etc.

Insurance companies use algorithms to constantly alter their target markets and hence one year they can be the cheapest and the following year the increase is substantial.

Try Sky Insurance too as they’re a broker but have always done me well over the years.