Last year, my insurance on my 5.7ltr V8 Beast doubled, due, I was told to increased claims in the insurance arena.
This year, I have downgraded to a 1.6 ltr convertible so has my insurance cost fallen? No; its doubled again. £350 to £1400 in just two years; and this, for a car just a quarter of the size!
Is this the experience that everyone is finding?
Last edited by mechcity; 10-05-24 at 10:30.
Reason: add content
I'm sorry to hear we weren't as competitive as you'd like this year. Our underwriters regularly review their rates, which means premiums can increase even when no individual details have changed. Car Insurance prices are rising in general, I'm afraid, partly due to an increase in the number of cars on the road, which means more accidents and claims, and the costs of parts and labour have also increased which means it is costing more to repair or replace vehicles. This has resulted in rising insurance premiums.
If you wish to discuss the quote in more details, please call the Car Insurance team on 0345 246 2895 (Mon - Fri: 8am - 8pm, Sat - Sun: 9am - 2pm) and they'll be happy to help.
@mechcity thanks for the glib explanation Christopher. Rather than more cars on the road I would suggest that it is the police’ use of ANPR and much more severe penalties for not being insured that is allowing the industry as a whole to put up prices. A 400% increase over two years should by now be putting you in a much better financial position; or are you alleging that costs have risen by this much?
I have looked around the market and found cover for half the price Tesco are demanding so will not be renewing with you. It’s such a shame that you seek to shaft your customers in this way.
Last edited by mechcity; 10-05-24 at 16:03.
Reason: Correct spelling
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Tesco Bank Community Terms of Service v 1.0
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You agree that the laws of Scotland govern these Terms of Service and any claim or dispute that you may have against us will be resolved in Scottish courts only.
Modifying these Terms of Service
We reserve the right, in our sole discretion, to modify these Terms of Service at any time without notice. Modified Terms of Service are effective as soon as they are posted. We also reserve the right to waive or modify any of these Terms of Service as they apply to a specific posting, communication or user without affecting the application of these Terms of Service to all other postings, communications and users. Your continued use of Your Community, or any content or services accessible through it, after modified Terms of Service are posted means you accept the modifications. We may also make any changes to the look and feel of Your Community at any time without notice.
ChristopherP
