Why has my car insurance increased so much this year?

My Toyota Yaris Cross insurance is due for renewal in May and I have received the reminder and although there have been no changes it has risen by £80? I have read that electric cars are being written off rather than repairing, is it the same with hybrid cars and is this the reason for the hike?

Asked on 12 April 2023 by Paul Green

Answered by David Ross
The price of pretty much everything has increased in recent months, but in terms of car insurance, renewal quotes typically do not represent the best value. Insurers play on the fact that many of their customers will accept the renewal price to avoid the effort of finding a new insurer, so they will frequently offer a renewal figure that is higher than the previous year.

The way to avoid this is to shop around. You can use price comparison sites to get quotes from a number of insurers in a relatively short space of time, and we're pretty confident you will be able to beat your renewal quote. If you want to stay with your current insurer you can call them to say you've found a better deal, and they may offer to meet that price in order to keep your business.

There is some evidence to suggest that electric cars are being written-off more readily due to the cost of replacing battery packs, but the replacement cost for hybrid battery packs is considerably less, so we would not expect this to be the cause of your premium increasing.
Similar questions
My wife has bought a 2021 Dacia Duster Bi Fuel but on advising LV, our insurers, we were told they will not insure the car. No explanation. We had to try elsewhere at a much higher premium, yet the car...
To insure our Fiat 500C last year was £209 but this year the lowest quote anywhere is £354. That's with no changes or claims. Please can you explain this 70% increase?
My renewal quote for a 2018 Vauxhall Corsa is £1260 or £128 if paid monthly. This covers myself as primary driver (age 85 in June) and my wife (83 in June). The annual mileage was estimated at 10,000 but...
Related models
Easy and fun to drive. Hybrid power means it'll be cheap to run. Generous equipment levels.

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 12% on GAP Insurance

Use HJ21 to save on an ALA policy

See offer