Using broker for car insurance

[otherclive]

Our car insurance is due for renewal in a months time. I’m expecting the renewal quotation from LV soon. Currently we ha ve car and home insurance with LV via Boundless so get a discount, The cars are on one policy which has my grandson also as a named driver for one of the cars. Last year I used comparison websites, and also those companies that don’t use such sites. In the end LVs quotation was pretty well the cheapest of mainstream insurers.

This year I thought about using a broker too as well as comparison sites and direct quotes. Anyone had experience of using brokers for their cars. It’s not important to me having both cars on one policy, as price and reputation are the key drivers.

 

[RogerL]

I've found that the best source of insurance is different every time - no single comparison site gives the best results for my circumstances, sometimes one of the direct insurers is best while sometimes brokers give the best. What's best one year can be the most expensive in following years. I've used Adrian Flux and Cornmarket in the past, with good results, but got very high figures this year from both.

So try all three main comparison sites, all the direct insurers and any brokers you care to try - try both multicar and separate quotes - a lot of work as no easy short-cuts.

Be aware that quotes will vary on a daily basis so get it all done in one day or you're not comparing like-with-like - once you've done that, buy it - the price could change if you leave it.

The optimum is said to be 23 days before your existing policy expires but my lad, who's a car insurance manager reckons anywhere between 28 and 21 days before.

 

[Dustydog]

SWMBO car had been with More than (R&SA) for years. They were bought by a Canadian Insurer and last year stopped underwriting car Insurance.

They recommended their subsidiary Broker Swinton . They came up with an excellent quote and cover.
Mine for the second year is Aviva who increased the premium by £10.
Be careful of the comparison sites. They tend to carve out all the extras to artificially lower the premium.

 

[RogerL]

Be careful of the comparison sites. They tend to carve out all the extras to artificially lower the premium.

Better than adding in all the extras you don't need.

It's not difficult with the comparison sites to ensure you're comparing like-for-like.

 

[Jcloughie]

Our car insurance is due for renewal in a months time. I’m expecting the renewal quotation from LV soon. Currently we ha ve car and home insurance with LV via Boundless so get a discount, The cars are on one policy which has my grandson also as a named driver for one of the cars. Last year I used comparison websites, and also those companies that don’t use such sites. In the end LVs quotation was pretty well the cheapest of mainstream insurers.

This year I thought about using a broker too as well as comparison sites and direct quotes. Anyone had experience of using brokers for their cars. It’s not important to me having both cars on one policy, as price and reputation are the key drivers.

I have the same, LV via Boundless for both. With the car, LV jumped up about 8 years ago, but have come back down again and are now competative.

For Home, I have been with them for about 30+ years. But this month they sent me a warning that it will go up substantially, our year end is 29/9.

Then the expected quote appeared.



I have now moved to Tesco. £246.12 for nearly like for like.

John

 

[otherclive]

I have the same, LV via Boundless for both. With the car, LV jumped up about 8 years ago, but have come back down again and are now competative.

For Home, I have been with them for about 30+ years. But this month they sent me a warning that it will go up substantially, our year end is 29/9.

Then the expected quote appeared.


View attachment 7535
I have now moved to Tesco. £246.12 for nearly like for like.

John

That’s a substantial difference in price. No wonder you have changed. I have read recently that motor insurance premiums over the last two years haven’t covered outgoings by about 18%. per annum. That’s a general figure from MIB not LV.

 

[Beachball]

SWMBO car had been with More than (R&SA) for years. They were bought by a Canadian Insurer and last year stopped underwriting car Insurance.

They recommended their subsidiary Broker Swinton . They came up with an excellent quote and cover.
Mine for the second year is Aviva who increased the premium by £10.
Be careful of the comparison sites. They tend to carve out all the extras to artificially lower the premium.

My wife is with Aviva and when we contacted them with the new car details it went up by £25 the car dealer gave us a quote on insurance that they use it was a lot more,

 

[Jcloughie]

That’s a substantial difference in price. No wonder you have changed. I have read recently that motor insurance premiums over the last two years haven’t covered outgoings by about 18%. per annum. That’s a general figure from MIB not LV.

LV still gave me the best quote for car insurance, so I have stayed with them for that. Quotes varied tremendously.

John

 

[Mr Plodd]

My car insurance renewed at the end of February. The renewal from LV was stratospheric, as in an 81% increase!!
After many, and I do mean many, hours both on the phone and the Internet, LV still came out the cheapest.
Same address, car, same drivers, same 15+ years NCD.??

 

[otherclive]

My car insurance renewed at tje end of February. Tge renewal from LV was stratospheric, as in an 81% increase!!
After many, and I do mean many, hours both on the phone and the Internet, LV still came out tge cheapest.
Same address, car, same drivers, same 15+ years NCD.??

I found the same as you wrt LV for home insurance last spring, and ended up staying with them.

 

[Dustydog]

My car insurance renewed at tje end of February. Tge renewal from LV was stratospheric, as in an 81% increase!!
After many, and I do mean many, hours both on the phone and the Internet, LV still came out tge cheapest.
Same address, car, same drivers, same 15+ years NCD.??

That is shocking! Maybe they had been giving it to you too cheap for years🤣🤣

 

[GaryB]

My LV car insurance went up from £385 to £465 this year, tried to get it cheaper but drew a blank. Currently looking at changing my car and while getting quotes LV are consistently highest (and wanting a theft-recovery tracker fitting). There's nothing more inconsistent than car insurance!

 

[Buckman]

I have the same, LV via Boundless for both. With the car, LV jumped up about 8 years ago, but have come back down again and are now competative.

For Home, I have been with them for about 30+ years. But this month they sent me a warning that it will go up substantially, our year end is 29/9.

Then the expected quote appeared.



I have now moved to Tesco. £246.12 for nearly like for like.

John

We also moved to Tesco saving over £100 on our renewal quote.

 

[Mr Plodd]

Who are Tesco using as the actual insurer as they (Tesco) are merely acting as a broker.
that can be found on the insurance certificate, possibly in the small print at the bottom.

 

[otherclive]

Who are Tesco using as the actual insurer as they (Tesco) are merely acting as a broker.
that can be found on the insurance certificate, possibly in the small print at the bottom.

This might help

Tesco Car Insurance Quotes - Apply Online - Tesco Insurance

Car Insurance from Tesco Insurance comes with 3 levels of cover: Gold, Silver, Bronze. Get an online quote with discount available for Clubcard members.

www.tescobank.com

Tesco Bank to underwrite its motor and home insurance book in-house

All policies currently underwritten by a panel partner will continue without change until the customer renews

www.insurancetimes.co.uk

 

[Jcloughie]

This might help

Tesco Car Insurance Quotes - Apply Online - Tesco Insurance

Car Insurance from Tesco Insurance comes with 3 levels of cover: Gold, Silver, Bronze. Get an online quote with discount available for Clubcard members.

www.tescobank.com

Tesco Bank to underwrite its motor and home insurance book in-house

All policies currently underwritten by a panel partner will continue without change until the customer renews

www.insurancetimes.co.uk

To add.

Quote​

Barclays to acquire Tesco Bank – here’s what you need to know if you’re a customer​

The £600 million deal will include Tesco Bank’s credit card, loan and savings business. We explain what it means if you’re a customer – and some things to keep an eye on in the coming months.

Tesco will retain its brand name and the insurance side of its business.

John

 

[otherclive]

To add.

Quote​

Barclays to acquire Tesco Bank – here’s what you need to know if you’re a customer​

The £600 million deal will include Tesco Bank’s credit card, loan and savings business. We explain what it means if you’re a customer – and some things to keep an eye on in the coming months.

Tesco will retain its brand name and the insurance side of its business.

John

It’s an ever changing world in business. Thanks.