Can't afford one now....
Insurance popularity question
- Thread starter Newadventurer
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- camper insurance
My Mini was with Carole Nash, underwritten with Ageas.
When I sold the car I bought the camper and Carole Nash wouldn't provide me with insurance for it, so I went to Adrian Flux and got a policy...underwritten with Ageas.
I wonder how many large underwriters there are for campers?
Speaking to motorcycle dealer and he said one of the biggest underwriters for motorcycle insurance has pulled out of that segment altogether. Explains why people he knows are having premiums double as a minimum and some just can’t get a renewal! My son can’t get insurance on a 450cc bike (well one company quoted £10.5k but the others all declined - bike is worth £5.5k). The dealer says he is having order cancelled because of it - people either cannot get or can no longer afford insurance on what many use as a hobby. This goes some way to explaining why dealers are starting to go bust I guess. The Government have said insurance rises in the UK are now harming the economy and are ‘pulling people around the table’ but the ABI are gaslighting as you’d expect.
Would be concerning if the camper insurance market goes the same way.
Currently playing the annual game of insurance roulette. I know there are a million and one different factors that play into premiums and it's a fools game to compare my quotes with other people, but just thought I'd share some of the learnings and experiences from this time around.
- Definitely shop around - the range in prices I've been quoted for like-for-like policies is over £850. It's worth that 20 mins per phone call to potentially save hundreds of pounds.
- Excesses also vary wildly - ranging by up to £600
- Despite all the shopping around still looking at an increase of ~20-25%
- Lots of companies are adding specific endorsements such as driveway parking time, nights spent away from home property etc
- LV are no longer doing campervan insurance - or at least that's what I was told when I called
- Cheapest quotes for me (won't be for everyone but I'll use these as a start point next year): Safeguard, Caravan Guard, Comfort, Just Kampers
- Most expensive quotes for me (some ludicrously so): Gladiator, Brentacre, Lifesure, Howdens
Have you tried Adrian Flux? They actually quoted me happier this year to the tune of £150 less. Also with Agreed Value included.Currently playing the annual game of insurance roulette. I know there are a million and one different factors that play into premiums and it's a fools game to compare my quotes with other people, but just thought I'd share some of the learnings and experiences from this time around.
- Definitely shop around - the range in prices I've been quoted for like-for-like policies is over £850. It's worth that 20 mins per phone call to potentially save hundreds of pounds.
- Excesses also vary wildly - ranging by up to £600
- Despite all the shopping around still looking at an increase of ~20-25%
- Lots of companies are adding specific endorsements such as driveway parking time, nights spent away from home property etc
- LV are no longer doing campervan insurance - or at least that's what I was told when I called
- Cheapest quotes for me (won't be for everyone but I'll use these as a start point next year): Safeguard, Caravan Guard, Comfort, Just Kampers
- Most expensive quotes for me (some ludicrously so): Gladiator, Brentacre, Lifesure, Howdens
Did you butter 'em up with one of your lemon drizzle cakes?
I have - they were very much middle ground so made neither list of cheapest or most expensive quotes. Although no cake-related tactics were deployed.
I was very pleasantly surprised at Comfort insurance underwritten by Aviva.Currently playing the annual game of insurance roulette. I know there are a million and one different factors that play into premiums and it's a fools game to compare my quotes with other people, but just thought I'd share some of the learnings and experiences from this time around.
- Definitely shop around - the range in prices I've been quoted for like-for-like policies is over £850. It's worth that 20 mins per phone call to potentially save hundreds of pounds.
- Excesses also vary wildly - ranging by up to £600
- Despite all the shopping around still looking at an increase of ~20-25%
- Lots of companies are adding specific endorsements such as driveway parking time, nights spent away from home property etc
- LV are no longer doing campervan insurance - or at least that's what I was told when I called
- Cheapest quotes for me (won't be for everyone but I'll use these as a start point next year): Safeguard, Caravan Guard, Comfort, Just Kampers
- Most expensive quotes for me (some ludicrously so): Gladiator, Brentacre, Lifesure, Howdens
Been with Comfort since I got my van - they were competitive, had the right cover, were easy to deal with and seemed to know their onions re campers/mohos. No idea what they're like when it comes to making a claim though (and hope to keep it that way!).
Have had safeguard last few years and have done alright so farCurrently playing the annual game of insurance roulette. I know there are a million and one different factors that play into premiums and it's a fools game to compare my quotes with other people, but just thought I'd share some of the learnings and experiences from this time around.
- Definitely shop around - the range in prices I've been quoted for like-for-like policies is over £850. It's worth that 20 mins per phone call to potentially save hundreds of pounds.
- Excesses also vary wildly - ranging by up to £600
- Despite all the shopping around still looking at an increase of ~20-25%
- Lots of companies are adding specific endorsements such as driveway parking time, nights spent away from home property etc
- LV are no longer doing campervan insurance - or at least that's what I was told when I called
- Cheapest quotes for me (won't be for everyone but I'll use these as a start point next year): Safeguard, Caravan Guard, Comfort, Just Kampers
- Most expensive quotes for me (some ludicrously so): Gladiator, Brentacre, Lifesure, Howdens
They want a £1000 off me and comfort came in at £603
It’s so hit and miss. I looked at a few others named here as decent but was quoted up to double what I was offered from safeguard. Genuinely think they just make it up on the spot and see if people will question or challenge
Premiums can and do change significantly at short notice, even for the same/very similar risks - that's true. The reason for this is the application of highly complex algorithms that monitor, in real-time, confirmed and previously-quoted business. The purpose of these algorithms is to adjust the insurer's competitiveness against the market, with a view to ensuring their book of business remains within the parameters dictated by the business.
That may or may not be considered 'acceptable' by the general public, but it is the primary reason why premiums appear "made up".
Speaking of Adrian Flux, I have had the pleasure of speaking to them again with regard to my Wifes 10 year old Evoque. LV have pushed the premium again this year from £691 to £820 and I thought how nice it would be to have all our family cars/vehicles with AF. As it happened, they wanted £1100 for the Evoque, stuff that!
The more mature lady at AF said you've done right by calling well before the insurance is due because it is always cheaper that way. She recommended next year to call them 50 days before the policy renewal is due to get the best deals. Most insurers don't do 50 days, but if you're with AF, get in well early, they say... I was 24 days before my policy on the van and it was £150 cheaper than last year. You will be over a barrel if you leave it to the last minute.
Get in early folks, you know it makes sense!
Interesting. If you call for a quote 50 days prior to renewal date, how long will they hold that price for? Most insurers/brokers will only hold the price for a max of 30 days.
Good to know.
