The great big insurance rip off

[Gadget Geek]

What happens if I decide not to pay my money? I suppose I'll have to take my chances.

 

[FrancisM]

Your car will come with AA national recovery breakdown, home start etc etc. cover compliments of MG, so if not too late maybe you could reduce your premium even more by removing that element?

Thanks for that. I will get £85 refunded.

 

[Gadget Geek]

I had my renewal quote come through this week, £243.18 cheaper than last year. I wonder what has changed with the industry?

 

[salty]

I had my renewal quote come through this week, £243.18 cheaper than last year. I wonder what has changed with the industry?

WOW, snatch their Bloody hand off!
Before they realise their mistake!

 

[JAD]

Why o why o why o why??‍?
well I must apologise if you feel so offended (to post such a reply) that was not my intention.

what Im trying to get across in my Rant, is the cost of insurance for a Tesla MY.
im not trying to compare Tesla to MG, it’s like me comparing my E class to an MG, 2 totally different cars, and I understand this.

back on topic…..

a chap across the road from me, his son has a performance M3, he is in his 30’s and ended up haveing the car through the business fleet insurance to get the insurance price down..

what Im trying to understand is, think of the amount of teslas you see every day on the road and the amount those drivers are paying for insurance (in my opinion ) is madness, all it’s going to do is encourage drivers to risk driving with no insurance…
I seem to remember for no insurance it’s 3 points and a £400 fine (along with a criminal record) worth the risk??

just for a laugh, (if you have five minutes free) get a quote for a Tesla MY dual motor long range and report back.
let’s just see weather it’s my situation or insurance companies worrying about there share holders dividend portfolios (i don’t believe the parts shortage excuse!)
cheers?

No insurance is 6-8 points plus a fine of 1.5 times your weekly salary plus costs and surcharge (40% of the fine!)

 

[OriginalBigAl]

Why o why o why o why??‍?
well I must apologise if you feel so offended (to post such a reply) that was not my intention.

what Im trying to get across in my Rant, is the cost of insurance for a Tesla MY.
im not trying to compare Tesla to MG, it’s like me comparing my E class to an MG, 2 totally different cars, and I understand this.

back on topic…..

a chap across the road from me, his son has a performance M3, he is in his 30’s and ended up haveing the car through the business fleet insurance to get the insurance price down..

what Im trying to understand is, think of the amount of teslas you see every day on the road and the amount those drivers are paying for insurance (in my opinion ) is madness, all it’s going to do is encourage drivers to risk driving with no insurance…
I seem to remember for no insurance it’s 3 points and a £400 fine (along with a criminal record) worth the risk??

just for a laugh, (if you have five minutes free) get a quote for a Tesla MY dual motor long range and report back.
let’s just see weather it’s my situation or insurance companies worrying about there share holders dividend portfolios (i don’t believe the parts shortage excuse!)
cheers?

From a French auto magazine , it says the insurance for Teslas is a lot higher because in the event of a repairable accident , the aluminium Gigacastings are a lot more expensive to repair/ replace requiring specialist centres, and Tesla have a strict policy about battery repairs/ replacement. Other marques built to more traditional standards could be repairable by traditional garages if they have the certification/ knowledge for EVs but only require repairs to non high voltage systems .( normal bodywork, etc ).

 

[salty]

From a French auto magazine , it says the insurance for Teslas is a lot higher because in the event of a repairable accident , the aluminium Gigacastings are a lot more expensive to repair/ replace requiring specialist centres, and Tesla have a strict policy about battery repairs/ replacement. Other marques built to more traditional standards could be repairable by traditional garages if they have the certification/ knowledge for EVs but only require repairs to non high voltage systems .( normal bodywork, etc ).

If they say so.

 

[smokingblack]

I've just insured our MG5 Trophy (collecting on Friday) with Direct Line, £279. DL seem to be really good and haven't been beaten over the last few years except with a 4.4 TDV8 Range Rover which they wouldn't insure without a tracker.

That was bloody cheap I must try them come May

Sorry about not Being on here for a while, but I really need to rant a bit!

Back story

My Partner bought her ZS back in 2020 when they were offering some serious discounts that couldn’t be ignored, she purchased using PCP which neither of us have ever done, but thinking long term it would be better for her to do this, so she could change cars every 4 years.
we were so impressed with the ZS, that when our life situation changed, i decided to replace my Mercedes E320 estate with a MG5, mainly for the warranty and lack of things to go wrong, plus it was my first ever brand new car!

With insurance for the 5, it was a little more than I used to pay for the Merc but I managed to get to below £400 for the first year.

Cue renewals they wanted £7-800, so onto Martin Lewis site and got it back below £400. ( this was even after 2 claims, one for windscreen and the other for passenger side wipe out!)
my partner was the same but with her car now being 3 years old the renewal’s around £3-400.

Now with only with a few months left on PCP on the ZS, we have taken the decision to start looking for another car for her to get ahead of the supply problems.

We both had a day off yesterday, booked an hours test drive for her to look at the Tesla MY, she thought she wouldn’t like it, but even though it’s a FUGLY car, the driving and passenger experience is in another league compared to the ZS and the 5 ( I’m not dissing MG by the way!)
Anyway she really liked the MY and we start looking at the different models and get pricing for the two that we might go for ( rear wheel drive, short range and the dual motor, long range)

I thought when we got home that I’d look at insurance as I know it’s in the news with the price hike, but OMFG what is going on!!

We are both in our young 50’s, she’s a NHS employe, I’m self employed, live in a nice area, large detached house with double garage, low crime rate, both have protected no claims
MY RWD SR £1400
MY DM LR £1600!!
Sorry but that’s just RIDICULOUS!! so thought I would check for my 5 to see if it’s gone up, but no it’s ONLY £320! Which has gone down since I renewed in June.

how the funk do peeps, driving round in a Tesla justify that! They are crazy, it just beggars belief! They must have some serious debt or getting serious salaries! to write that kind of money off every year!

needless to say, we‘ve decided yep very nice but for the moment, that’s nocked it off the list!

next the MG4, hopefully the Volvo XC30, kia ev6 and maybe the Hyundai
anyone suggest anything else? She’s happy with the ZS size of car

one really positive thing from the test drive of the MY, we both noticed (also after sitting in an ‘S’ and a M3) the MG5 has a lot of cabin space and height compared to the 3 and S, also the rear door access to the seats is way better in the 5 than the MY which really surprised me! Good on you MG.
it made me appreciate the 5 a lot more.
sorry for the long post, just wanted to get it off my chest a bit…..?

I think Tesla are a lot more expensive simply because of the power factor . Mind you my mg5 is plenty fast enough for me

 

[John T]

Sorry about not Being on here for a while, but I really need to rant a bit!

Back story

My Partner bought her ZS back in 2020 when they were offering some serious discounts that couldn’t be ignored, she purchased using PCP which neither of us have ever done, but thinking long term it would be better for her to do this, so she could change cars every 4 years.
we were so impressed with the ZS, that when our life situation changed, i decided to replace my Mercedes E320 estate with a MG5, mainly for the warranty and lack of things to go wrong, plus it was my first ever brand new car!

With insurance for the 5, it was a little more than I used to pay for the Merc but I managed to get to below £400 for the first year.

Cue renewals they wanted £7-800, so onto Martin Lewis site and got it back below £400. ( this was even after 2 claims, one for windscreen and the other for passenger side wipe out!)
my partner was the same but with her car now being 3 years old the renewal’s around £3-400.

Now with only with a few months left on PCP on the ZS, we have taken the decision to start looking for another car for her to get ahead of the supply problems.

We both had a day off yesterday, booked an hours test drive for her to look at the Tesla MY, she thought she wouldn’t like it, but even though it’s a FUGLY car, the driving and passenger experience is in another league compared to the ZS and the 5 ( I’m not dissing MG by the way!)
Anyway she really liked the MY and we start looking at the different models and get pricing for the two that we might go for ( rear wheel drive, short range and the dual motor, long range)

I thought when we got home that I’d look at insurance as I know it’s in the news with the price hike, but OMFG what is going on!!

We are both in our young 50’s, she’s a NHS employe, I’m self employed, live in a nice area, large detached house with double garage, low crime rate, both have protected no claims
MY RWD SR £1400
MY DM LR £1600!!
Sorry but that’s just RIDICULOUS!! so thought I would check for my 5 to see if it’s gone up, but no it’s ONLY £320! Which has gone down since I renewed in June.

how the funk do peeps, driving round in a Tesla justify that! They are crazy, it just beggars belief! They must have some serious debt or getting serious salaries! to write that kind of money off every year!

needless to say, we‘ve decided yep very nice but for the moment, that’s nocked it off the list!

next the MG4, hopefully the Volvo XC30, kia ev6 and maybe the Hyundai
anyone suggest anything else? She’s happy with the ZS size of car

one really positive thing from the test drive of the MY, we both noticed (also after sitting in an ‘S’ and a M3) the MG5 has a lot of cabin space and height compared to the 3 and S, also the rear door access to the seats is way better in the 5 than the MY which really surprised me! Good on you MG.
it made me appreciate the 5 a lot more.
sorry for the long post, just wanted to get it off my chest a bit…..?

When we bought our MG4 last year we were stung for £700 comp cover. This year's renewal was dlightly less but we shopped around on an old fogeys' site and got comp cover with LV for just over £400, with free rescue if you run out of battery!

 

[Susanna]

I think it’s quite subjective comparing our insurance costs, as there are many more variables than just the vehicle to consider.

I have always garaged my cars, and never had to claim for any damage when doing so, but I have been informed that my insurance premium might be lower if I just leave the car on my driveway. The reasoning is that other people have ‘incidents’ whilst driving in and out of a garage.

Why can’t vehicle insurance just be based on one’s own driving history? It seems unjust to me, but I realise it’s the business model.

 

[Anon70]

Why can’t vehicle insurance just be based on one’s own driving history?

I always found it strange they did not base premiums on costs to repair but on the power of the car and the statistical likelyhood you were in a demographic that would have an accident or lived in a post code area where car theft/accidents were higher.

I believe in other countries like the Netherlands the premiums are based on a completely different set of criteria to the UK

 

[yellowking]

Lovely surprise for me last month.

My MG4 renewal was £140 cheaper than last year. So £520 a year, I didn't bother shopping around as I'm happy with that.

 

[Silver estate]

Changed car on mine yesterday from my MG5 to a Škoda Enyaq and got £17 back

 

[Spinynorman]

Changed car on mine yesterday from my MG5 to a Škoda Enyaq and got £17 back

Which one did you go for? The SUV looks might fine

 

[Silver estate]

Which one did you go for? The SUV looks might fine

The 50 edition suite so full leather

 

[Nick 828]

Sorry about not Being on here for a while, but I really need to rant a bit!

Back story

My Partner bought her ZS back in 2020 when they were offering some serious discounts that couldn’t be ignored, she purchased using PCP which neither of us have ever done, but thinking long term it would be better for her to do this, so she could change cars every 4 years.
we were so impressed with the ZS, that when our life situation changed, i decided to replace my Mercedes E320 estate with a MG5, mainly for the warranty and lack of things to go wrong, plus it was my first ever brand new car!

With insurance for the 5, it was a little more than I used to pay for the Merc but I managed to get to below £400 for the first year.

Cue renewals they wanted £7-800, so onto Martin Lewis site and got it back below £400. ( this was even after 2 claims, one for windscreen and the other for passenger side wipe out!)
my partner was the same but with her car now being 3 years old the renewal’s around £3-400.

Now with only with a few months left on PCP on the ZS, we have taken the decision to start looking for another car for her to get ahead of the supply problems.

We both had a day off yesterday, booked an hours test drive for her to look at the Tesla MY, she thought she wouldn’t like it, but even though it’s a FUGLY car, the driving and passenger experience is in another league compared to the ZS and the 5 ( I’m not dissing MG by the way!)
Anyway she really liked the MY and we start looking at the different models and get pricing for the two that we might go for ( rear wheel drive, short range and the dual motor, long range)

I thought when we got home that I’d look at insurance as I know it’s in the news with the price hike, but OMFG what is going on!!

We are both in our young 50’s, she’s a NHS employe, I’m self employed, live in a nice area, large detached house with double garage, low crime rate, both have protected no claims
MY RWD SR £1400
MY DM LR £1600!!
Sorry but that’s just RIDICULOUS!! so thought I would check for my 5 to see if it’s gone up, but no it’s ONLY £320! Which has gone down since I renewed in June.

how the funk do peeps, driving round in a Tesla justify that! They are crazy, it just beggars belief! They must have some serious debt or getting serious salaries! to write that kind of money off every year!

needless to say, we‘ve decided yep very nice but for the moment, that’s nocked it off the list!

next the MG4, hopefully the Volvo XC30, kia ev6 and maybe the Hyundai
anyone suggest anything else? She’s happy with the ZS size of car

one really positive thing from the test drive of the MY, we both noticed (also after sitting in an ‘S’ and a M3) the MG5 has a lot of cabin space and height compared to the 3 and S, also the rear door access to the seats is way better in the 5 than the MY which really surprised me! Good on you MG.
it made me appreciate the 5 a lot more.
sorry for the long post, just wanted to get it off my chest a bit…..?

Kia Ev 4

 

[John Sauve Rodd]

From a French auto magazine , it says the insurance for Teslas is a lot higher because in the event of a repairable accident , the aluminium Gigacastings are a lot more expensive to repair/ replace requiring specialist centres, and Tesla have a strict policy about battery repairs/ replacement. Other marques built to more traditional standards could be repairable by traditional garages if they have the certification/ knowledge for EVs but only require repairs to non high voltage systems .( normal bodywork, etc ).

I asked the interweb to get me a quote on a hypothetical Tesla Y s/h 2022 LR abt £30k. I was quoted £1830. Not given it to the Meerkats yet but wow, That's a lot compared to my ZS. Has made wife v happy though. 'Perhaps now you'll shut up about it!' she was thinking but did not say.

 

[Rolfe]

Well, well, lookie here. I'm simply not going to bother looking around now.

I must say I think I have been lucky, because of something which didn't happen about three weeks ago but might have.

There is a stretch of road just south of where I live called the "Dolphinton Straight", where the A702 runs dead straight for about two miles. (Oddly, it's not the old Roman road, the course of which is marked on the OS map just a few hundred yards to the north-west of the modern road.) It's a well-known place for mobile speed traps. About 15 years ago a motorcylist was jailed for doing 162 mph there. 102 mph above the speed limit!

Turning on to the straight I was following a car which was doing 45 mph, and getting a bit fed up with it. Once on to the straight I saw that I was clear and overtook it. I'm pretty sure I was over the speed limit as I did that. I was looking out for the mobile trap, but the sun was in my eyes and I think I was looking in the wrong place. Anyway, a mile or so further down the road the car I was now following, which was probably doing about 60, suddenly slowed to about 45 itself. I muttered something uncomplimentary and pulled out to overtake him in my turn. As I did it I saw that we were both passing the bloody speed trap - that's why he'd slowed down, although he wasn't speeding in the first place.

I'm sure I was over the limit during both overtaking manoeuvres, and got a bit worried - not so much for paying a speeding fine, as for my insurance renewal. But I thought maybe the first overtake was too far from the speed trap to interest it - it was at least a mile before it. And the second one was almost on top of it, maybe actually too close to it, and maybe the camera couldn't see my registration plate from that position.

I seem to have got away with it, because it's been nearly three weeks. I think they're mostly out to get people (like that motorcyclist) who take the road at ridiculous speeds, but I suspect if I'd overtaken at the right (wrong!) distance from the camera so it saw my number plate, I'd have been nicked. Lucky me. I will redouble my efforts to be careful of that bloody road.

 

[siteguru]

Insurance tends not to care about a single speeding penalty / 3 points. Or at least it didn't when I last looked at this a few years ago. Probably on the basis that it's almost too easy to get done for speeding.

 

[Rolfe]

I still feel I was lucky though. Do you know, Prospero (2009-23) never got a single speeding ticket in his life! This was one hell of an achievement. Ferdinand (1993-98) managed to get three very soon after I bought him, and since one of these garnered 5 points I spent the best part of three years being very careful indeed. Not that long after I got Ariel (1998-09) he somehow acquired nine points, so much the same thing happened. (One of these tickets was for going through a red light which I really didn't think I'd done, but I didn't challenge it because it was the first in the series and it didn't seem worth it. The second was being caught by a camera accelerating slightly just before an end of speed limit sign on motorway roadworks, which took me up to about 45 mph. They must have got a hell of a haul from that because everyone on the road was doing it.) I can't remember if Miranda got any speeding points, it was a long time ago, but I wouldn't be surprised.

Caliban too has yet to break his duck. Long may it continue. Maybe these years of being very very careful (actually very very cunning) had an effect.