Just shows the state of play in the market these days I guess and it’s not like you can save a heap of money by running a second hand car as the value of those is daft now too, albeit dropping away a bit.
The insurance rises reflect the fact insurers are quick to write cars off nowadays due to high costs of fixing anything on EV’s, high prices of parts, scarce availability and most likely profiteering in various areas of the industry.
Just last month a colleague of mine sustained some minor damage where a van reversed into his parked car. The car went off for evaluation so they agreed that he dropped his damaged car off at a hire car depot where they’d collect it from and he picked up his courtesy loan car. Fast forward a couple weeks, the insurers deemed the minor damage a cause to write the car off and did he want a full settlement or part settlement and have his car back. He took option two as the car was otherwise fairly sound.
A few days later they phoned to say they didn’t know where the car was. They’d literally lost it somewhere.
To add insult to injury they asked for the loaner hire car back now that they’d agreed settlement.
He told them to bugger off until they’d tracked which bodyshop they’d left his own car at and returned it to him!
They ‘suspected’ it was at a site a hundred miles away, which is odd when the accident happened outside his own house
And yes, dealer servicing and service plans are becoming another racket.
The 400+ bhp MG4 at £37k will get an awful lot of attention. A couple colleagues of mine have ‘normal’ versions of it and the quality doesn’t look any worse than a VW ID model. I’ll take a close look myself when the order books open this month.
