Why has my car insurance renewal increased so much?

I have just had my renewal quote from LV. Last year it was £229, now they want £380, a 65% increase! How is this justified? I have not changed my car, increased my mileage, received any points, had any accidents - ever, in fact no claims at all. Nothing in my life has changed apart from being one year older. How do I get a reasonable quote. In your item concerning getting quotes for a driver of my age it suggests that a quote of £265 is possible with LV, how do I get near to this?

Asked on 17 January 2024 by frederick heath

Answered by David Ross

Unfortunately this is a common experience for many drivers as insurance companies have increased premiums across the board. Typically renewal quotes do not offer the best value, so we would always recommend shopping around at renewal time and to use price comparison sites in order to compare as many different insurers as possible.

When we provide sample quotes in our insurance guides it is intended to compare different insurers using the same driver information, it is not intended to show what price you can achieve yourself as this will vary based on all the information an insurance company requires you to provide.

Tags: premiums insurance price comparison sites

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