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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > UK > Another year, another significant drop in insurance



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      08-08-2013, 01:08 PM   #1
Kerr
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Another year, another significant drop in insurance

Last year when all the hype about cars getting stolen, my insurance dropped from over £500 to £380.

Ran the price comparison sites for this year and there is a few recognised companies coming in at £249.

I'm happy at that!

I've have maximum NCB and at 34, I've been passed the high risk bit for a while.

There is no obvious reason for the price to drop by a third.
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      08-08-2013, 01:55 PM   #2
bungleaio
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Thats very good. Mine came in at just over £400 this year which is the lowest I've paid for insurance. This is my 1st year with the car so I can't compare directly to last year but I paid £550 on a MINI cooper s.

Fully comp, 10 yrs NCB, business use, 14k miles. No points but a none fault write off in 2011 and I'm 33.
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      08-08-2013, 05:00 PM   #3
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Quote:
Originally Posted by Kerr View Post
Last year when all the hype about cars getting stolen, my insurance dropped from over £500 to £380.

Ran the price comparison sites for this year and there is a few recognised companies coming in at £249.

I'm happy at that!

I've have maximum NCB and at 34, I've been passed the high risk bit for a while.

There is no obvious reason for the price to drop by a third.
Apparently frivolous claims are on the drop and insurers aren't having to pay out £2k here and there just because people were in an accident. That is probably what is causing this.
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      08-08-2013, 05:10 PM   #4
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Yeah they are clamping down big time on the personal injury element of claims which is why insurance is dropping...
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      08-25-2013, 08:01 AM   #5
Kerr
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I ended up was quotes just over £200 but I didn't go with the cheapest.

With my no claims protected, low excess, legal cover, courtesy car from my insurer and breakdown cover included I was £288.

That isn't bad at all for a 335i.
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      08-25-2013, 08:45 AM   #6
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Pah.

Last year 1150
This year 1400

No particular reason, but Admiral decided they don't like me any more. So I had to hunt around private brokers and find "as good as I could". Admiral wanted over 1700

Sigh...
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      08-25-2013, 09:33 AM   #7
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You are pretty old school Kerr mate car value coming down each year too Will help.
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      08-25-2013, 09:46 AM   #8
Kerr
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Quote:
Originally Posted by MEGA View Post
Pah.

Last year 1150
This year 1400

No particular reason, but Admiral decided they don't like me any more. So I had to hunt around private brokers and find "as good as I could". Admiral wanted over 1700

Sigh...
Ouch.

Strange to see such an increase.

No claims or points?

Quote:
Originally Posted by dxb335d View Post
You are pretty old school Kerr mate car value coming down each year too Will help.
My car is over 5 years old now. The values have stabilised over the last year, so values aren't much lower.

I'm 34 and have maximum NCB, so there isn't any real reason for significant discounts based on me.
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      08-25-2013, 12:37 PM   #9
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Bell (Admiral) tried to rip me off in my renewal this year. They offered me a ridiculous auto renewal quote. I went straight onto Confused.com and entered all details like for like. Surprise surprise, Admiral came back £600 cheaper (which equates to more than half the price) and less voluntary excess.

I got another quote (again like for like) through Compare the Meerkat or whatever its called and it came back with £100 less than my renewal. Rang up Bell and they matched the confused.com Admiral quote and said their renewal quote system has had issues (same excuse given last year). Be warned, if you are with Admiral, Bell, Elephant or Diamond - they have tried to rip off everyone I know whos with them through auto renewal.
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      08-25-2013, 01:32 PM   #10
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my missus got her renewal on the 6er from admiral was about 100 less than previous year. noone else got close! thought it was very strange! Still managed to barter down another 80 though from that
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      08-25-2013, 02:42 PM   #11
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Wild Stab here but, Kerr you’re not the same Kerr that used to own a saxo and be on the saxosportsclub? (I apologise immensely if you didn’t want to admint you once had a saxo or its not you )
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      08-25-2013, 03:25 PM   #12
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Quote:
Originally Posted by dxb335d View Post
You are pretty old school Kerr mate car value coming down each year too Will help.
Kerr lives in Aberdeen, Mega lives in Harrow, West London..... That will be why the vast difference and increase.
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      08-25-2013, 03:33 PM   #13
Kerr
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Quote:
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Wild Stab here but, Kerr youíre not the same Kerr that used to own a saxo and be on the saxosportsclub? (I apologise immensely if you didnít want to admint you once had a saxo or its not you )
Wasn't me. Really never had a Saxo.
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      08-25-2013, 03:34 PM   #14
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Im really please with my quote too.
M135i 31 8yncb £266 with esure, although I've heard esure are a bit of a bitch.
Are they all the same? If you had a choice who would you take,
Esure
Admiral
Elephant
Sheila's wheels (esure)
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      08-25-2013, 03:43 PM   #15
Kerr
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Quote:
Originally Posted by ukbeemerboy View Post
Kerr lives in Aberdeen, Mega lives in Harrow, West London..... That will be why the vast difference and increase.
My postcode is in the safest band according to the list I seen.

It can make a huge difference. When I moved from an Edinburgh postcode to a Glasgow one, my insurance jumped 40%.

Car crime is higher than I would like in Aberdeen though. That said it always is Audis that are stolen. Audi drivers have had their premiums shoot up.

There is no issues with BMWs being stolen in Aberdeen.
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      08-25-2013, 03:52 PM   #16
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Quote:
Originally Posted by Kerr View Post
I ended up was quotes just over £200 but I didn't go with the cheapest.

With my no claims protected, low excess, legal cover, courtesy car from my insurer and breakdown cover included I was £288.

That isn't bad at all for a 335i.
Similar scenario to me. I found some cheaper quotes via confused.com but wouldn't touch the insurers with a bargepole (some bad reps).

My insurance on my 330i is the cheapest insurance I've ever had for any car I've owned. Maximum NCB protected, 34, guessing my postcode is reasonable, wife on policy with 3 points and 1 claim on her policy, 7 year old car though so value lower. Business class with business use included (not just social/domestic/commuting). IAM Surety via Adelaide (broker).

Interestingly my campervan insurance went down from £440 last year to £360 this year, although I did go from 3 to 4 years NCB as it's a recent new policy. Perhaps costs are going down a bit, but I don't know...
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      08-25-2013, 04:10 PM   #17
Kerr
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I found moneysupermarket.com cheaper than confused.com.

I seen this as a guide to the best and worse insurers.

http://uk.finance.yahoo.com/news/bes...092605067.html

You can take it with a pinch of salt though. All insurance companies are a pain and nobody is ever happy.
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      08-26-2013, 08:17 AM   #18
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Direct Line Multi Car saw mine at £250 this year. I'm in Northern Ireland and we're not reknowned for having cheap car insurance...

I don't get why we still get barred from offers available on UK mainland?
Let's face it, Belfast is much safer than Manchester... :-)
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      08-26-2013, 08:48 AM   #19
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Mine came through at £600 ish after being 800 last year, shopped around and managed to get it down to £380...company im with atm offer loads of benefits pllus drive any other car tpft so phoned them up and moaned and they dropped it to £420 which I was happy with!

Just turned 30, 325i, 3yrs NCB. Albeit I put it down as 5K miles per year...but they never check so prob makes no odds.

Just goes to show they can drop it if they want!
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      08-26-2013, 09:25 AM   #20
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Quote:
Originally Posted by DavS1 View Post
Mine came through at £600 ish after being 800 last year, shopped around and managed to get it down to £380...company im with atm offer loads of benefits pllus drive any other car tpft so phoned them up and moaned and they dropped it to £420 which I was happy with!

Just turned 30, 325i, 3yrs NCB. Albeit I put it down as 5K miles per year...but they never check so prob makes no odds.

Just goes to show they can drop it if they want!
I'm sure if you had a major accident they might, just might, check your service record to see if you were doing more miles than declared. Though I think in that instance they can't invalidate your insurance, but they could expect you to pay the requisite additional premium. I'm no expert though, but if you do substantially more than 5k they may have the right to invalidate the policy
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      08-26-2013, 04:40 PM   #21
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Anybody tried a tracker etc, my Dads insurance for his M3 is something ridiculous like £280 a year and £150 a year for the tracker. Something like that should make a huge difference on "lesser" cars, no?

My insurance is silly this year but I did make a claim last year due to hitting a piece of debris on the motorway that I had no chance to avoid .

Im 25
Been driving 8 years
WA5 post code
325d m sport
2 years NCB
No points

So my first year of ownership on my 325d was £1068 and this year was £1085 FML.
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