I can understand that increase as you are gaining a benefit, but my quote for 2023 is on the same basis as 2022, the only change being I’ve passed the 75th year. 🙁
That looks pretty good, far cheaper than for our CX5. I tried comparison sites and could not beat our General Accident quote by anything worthwhile.
It will get very much worse my friends. 🥲. When main stream insurers like R&SA and Zurich pull out of motor insurance , as I said before start worrying. Never mind all EV by 2030 most will not be able to afford the ever rising premiums.
You really have to ask why ? Simple. Repairing cars and paying for bodily injury claims has risen dramatically. EVs cost a fortune to repair. Must get written off due to a number of factors. That will improve but too late for most.
The answer is simple . Carry the risk yourself and insure TPF&T. Much cheaper
You really have to ask why ? Simple. Repairing cars and paying for bodily injury claims has risen dramatically. EVs cost a fortune to repair. Must get written off due to a number of factors. That will improve but too late for most.
The answer is simple . Carry the risk yourself and insure TPF&T. Much cheaper
At present TPF&T is rarely cheaper, often more expensive - illogical but this is insurance!
I'd agree with this, in my younger days (many moons ago) I'd buy an old car with 6 months+ MOT left for a couple of hundred pounds or so max (mini, mk1 fiesta, mk2 escort, capri to name a few - wish I'd had a lock up and a crystal ball). TPF&T was my only option then, slightest bump would have caused a write off anyway. When I got to my thirties with a good driving record behind me at insurance renewal time I got a quote for comprehensive too out of interest (had a company car at that stage and my own vehicle for weekends and fun days then was an old Jag xj40 Sovereign, lovely car with a fondness for petrol stations.) Fully comp was quite a bit cheaper, For an experienced lower risk driver, I think it generally is.
Insurers regard those insuring TPF&T as more risky and less likely to take care. Premiums are based on statistics and that is what they suggest.
That is correct as TPF&T would have cost us about £200 more so about £360 for a car valued at £600!
And you probably have an excess that would wipe out most of the cars value if it was damaged.
This article may have serious repercussions for all of us after 2030.
Has anyone had problems getting their EV bodywork repaired?
https://robbreport.com/motors/cars/teslas-too-expensive-to-fix-1234802618/
Has anyone had problems getting their EV bodywork repaired?
https://robbreport.com/motors/cars/teslas-too-expensive-to-fix-1234802618/
Tesla isn't a traditional car maker - they had multiple huge issues getting production ramped up to start with and Elon Musk doesn't do conventional so it's no real surprise that his cars are expensive to repair, regardless of the fact that they're EVs.
It looks increasingly possible that the government of the day will need to delay the end of IC car sales beyond 2030.
If I were several decades younger and looking to buy a new car, I'd be waiting for the next generation of EVs to be available, it's not a mature enough market for most people.
Interesting to know how other makes fare wrt repair cost versus write off value v car value. Are Jaguar, Audi, Kia etc as bad or have they been designed with a higher level of repair ability. The other elephant in the room is Chinese cars are these more repairable? I don’t see the article supports any extension to the 2030 timescale. Rather it could lead to makers trying to reduce purchase costs and repair costs too in order to counter Chinese penetration the market.
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No. It’s a sad day for Tesla and EV. Plenty to read online. Working on an EV requires a special workshop, special methods of working and safety procedures . Made worse by the way some EVs are made and their sensors. It’s well documented. Google the issues at your leisure. BTW.
Parts are not easily sourced
Parts are not easily sourced
I am well aware of the problems EVs can create not only when crashed but also when going in for repairs.When our car went in for a minor rear end repair I saw the large, isolated EV/PHEV quarantine area at the bodywork specialist, and my Kia dealer also has a sizeable quarantine area too. But I don’t see the trend going into reverse, companies have invested too much to bail out now. Perhaps what we may be seeing is the end of cheap, mass motoring until EV becomes fully embedded as mainstream motors.
The elephant could be a big dung heap if after sales service i.e warranty repairs etc take a long time to resolve, if ever.
A friend's daughter has an MG EV. It was off the road for four months waiting for parts after a crunch. Delivered from China by bike ?
Well I have just started to look at the combined price for our two cars which with LV has gone from £373 to £565. The first insurer that I contacted was NFU Mutual who are a Which Recommended Provider and seem to have a good reputation. That's about as far as I have got because their quote for one car was £668 with an increased excess going from £300 to £400. So I thanked the very nice lady and will move on. I suspect that I may be wasting my time, but nothing ventured nothing gained.
Well using Compare the Market I got 128 quotes of which AXA were the cheapest at £363 but with a bigger excess and less benefits than LV's quote for £368, so no point in changing to AXA. I then tried Direct Line whose "Essentials" policy came in at £416 but when I added the benefits from LV Direct Line had risen to £555.
After this evening's searches for quotes all of which were more expensive than LV (£565 for our two cars) I don't think there's much out there that would give me any saving such that it is worth changing from LV.
Well at least the Triple Lock payment next April will help to mitigate our financial pain.
After this evening's searches for quotes all of which were more expensive than LV (£565 for our two cars) I don't think there's much out there that would give me any saving such that it is worth changing from LV.
Well at least the Triple Lock payment next April will help to mitigate our financial pain.
Wise stay! LV have an excellent claims handling record. It’s not just about the premium but what you actually get for the premiumWell using Compare the Market I got 128 quotes of which AXA were the cheapest at £363 but with a bigger excess and less benefits than LV's quote for £368, so no point in changing to AXA. I then tried Direct Line whose "Essentials" policy came in at £416 but when I added the benefits from LV Direct Line had risen to £555.
After this evening's searches for quotes all of which were more expensive than LV (£565 for our two cars) I don't think there's much out there that would give me any saving such that it is worth changing from LV.
Well at least the Triple Lock payment next April will help to mitigate our financial pain.
Been with LV and their predecessor Frizzels for years and despite checking around they have always been competitive. My wife moved to LV from NU after having her Saab 9000 written off and the claim process was a nightmare in its administration and in trying to obtain a fair settlement. Success was hard won.
I was with LV= for a year but their renewal quote was significantly higher than comparison sites so I switched to Churchill - although they both give multi-car discounts the LV= renewal should have benefitted from the second car's NCD going up from 1 year to 2 years - but maybe LV= started hitting over-70s earlier than others?
That could well be the case but after using a comparison site with 128 quotes all more expensive than LV, and trying NFU Mutual and Direct Line I decided there’s no financial benefit to change. I dare say I might have found something a bit cheaper had I further trawled the net, but my philosophy with insurance is that I want good support and service when things go awry. Saving a few pounds is not important.
Whilst I agree that a few £s is worth it for good claims service, the difference is often way more than a few £s.
Insurers can, and do, change their target demographic from time to time - if you're still within their target customers you'll get a decent renewal price but if their changes mean they don't want that age group, postcode, job description, or car group then they'll just jack the renewal price up to discourage you from renewing - in the case of LV= they would always "decline to quote" for me but all of a sudden not only gave a price but a very competitive one.
I read yesterday that John Lewis motor insurance , underwritten by Covea Insurance has pulled out of insuring Electric cars. Allegedly repairing the EV damage has proven very expensive. Many claims have involved the main batteries which have been damaged by impact damage at ground level and water damage. The batteries sit at the very bottom of the vehicle. I daren’t quote the battery prices quoted , they are eye watering and a surprise to me.
Which? Still quotes LV as no 1 and NFU as no 2 for all round service.👍👍
Which? Still quotes LV as no 1 and NFU as no 2 for all round service.👍👍
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