Insurance hike

[Italian]

Just in the process of buying a used IS 300h (2017) and the insurance quotes are coming back at £1,100 for myself and my wife as a named driver. 7 years NCD and license for 13 (although never made a claim). 

[GMB]

I think it should be about £550-£700 depending on type of cover but may be heavily influenced by precise location. Try compare the market and Hastings direct/Admiral/ possibly. Our car is 2017 and only 5 yrs no claims =£600. It was £450 last year. The prices change by the week for some reason.

[Stever750]

Was reading in a Facebook group for lexus UK owners that some RX owners are being told by LV that they cannot longer insure the vehicle, some are getting insured at astronomical prices eg £2500 despite full NCD and over 50 years of age, others finding more usual prices of under £500. It's all very inconsistent so shop around. 

You'd think an IS300h would be at the cheaper end of the scale, given it's not stolen like the RX is/was, bur it's not. My wife's auris has same Battery hybrid and it's less than half the cost of my 300h, my friend has a RAV4 hybrid and pays around half my premium. Bizarre. 

[wharfhouse]

Agree with @GMB - my 2014 IS 300h is under £500 incl. indscreen cover, courtesy car, legal cover, 15k miles per annum incl business mileage and total £450 excess with my wife as named driver. My postcode is probably in relatively "good" area but we are in Berkshire not far from Reading. I have max NCD and no recent claims. Certainly plenty of choice on the comparison sites so I would start running some quotes and see how you get on. Don't forget best insurance prices are found about 3 weeks before you need the policy to start and so if you are try to get immediate cover you will pay a premium but many be able to take a new policy and cancel the old one if you find yourself in that position. 

[Malc1]

Maybe try 

Chris Knott independent brokers and for two years running now I’ve found very competitive quotes with 

Sterling Insurance ….. a broker tbh 

Malc 

[Notamech]

3 hours ago, Italian said:

Just in the process of buying a used IS 300h (2017) and the insurance quotes are coming back at £1,100 for myself and my wife as a named driver. 7 years NCD and license for 13 (although never made a claim). 

Its the same for me in London. I paid around 1k this year for my wife and I. 5k annual mileage only social domestic and pleasure. No claims so far. And this is on a 2014 model valued at <10k. If i check insurance for a similar nx300 for example it is 800ish. My previous merc e class was the same i.e 800ish. Our jazz with business insurace is 650ish. Its as if the value of the car itself forms a very low proportion of their calculation.

[wharfhouse]

35 minutes ago, Notamech said:

Its the same for me in London. I paid around 1k this year for my wife and I. 5k annual mileage only social domestic and pleasure. No claims so far. And this is on a 2014 model valued at <10k. If i check insurance for a similar nx300 for example it is 800ish. My previous merc e class was the same i.e 800ish. Our jazz with business insurace is 650ish. Its as if the value of the car itself forms a very low proportion of their calculation.

I think these days the actual value of the car influences the premium much less than where one lives, personal driving record, and how the insurance view the economic repairability of a car.

[Stever750]

20 minutes ago, wharfhouse said:

I think these days the actual value of the car influences the premium much less than where one lives, personal driving record, and how the insurance view the economic repairability of a car.

That's been my experience of having spent some time talking to one of the biggest accident repair specialists (work project, not personal) and why EVs are a bit of an insurance time bomb. I did wonder initially that the Battery pack is pushing up the cost of insurance because you have to replace the entire pack, not individual cells after an impact if it's damaged, but then the Auris I have, nor my friends RAV4 seem to be affected, so it can't be that alone.

[Malc1]

Body shop repairs, labour, paint costs are now enormous ……. and often non-availability of new OEM parts ……. coz they’re stuck on a ship trying to get thru the Suez Canal or around the Cape …… to impossibly get to the UK ……are a huge feature and prematurely incline the insurer to simply write-off cars even superficially ( to us ) damaged 

Malc 

[Stever750]

3 hours ago, Malc1 said:

Body shop repairs, labour, paint costs are now enormous ……. and often non-availability of new OEM parts ……. coz they’re stuck on a ship trying to get thru the Suez Canal or around the Cape …… to impossibly get to the UK ……are a huge feature and prematurely incline the insurer to simply write-off cars even superficially ( to us ) damaged 

Malc 

True, but that's not unique to Lexus, in fact, Toyota are one of the better at managing parts logistics and supply chains. 

[Mr_Groundhog]

So I have just watched this, and some of it I knew, to an extent.... but what I saw in the video goes way beyond and it's a perfect example of "smart tech" being sold as good then turnoing out to be the nastiest of evils (examples abound). I'd say it's totally worth your next 12 minutes:

 

[ikeja]

Shades of George Orwell's 1984 and big brother spring to mind!

[Notamech]

On 9/29/2024 at 2:43 PM, Mr_Groundhog said:

So I have just watched this, and some of it I knew, to an extent.... but what I saw in the video goes way beyond and it's a perfect example of "smart tech" being sold as good then turnoing out to be the nastiest of evils (examples abound). I'd say it's totally worth your next 12 minutes:

 

Which is why i recommend avoiding modern cars and their connected servises BS. 

[Bounce75]

Very interesting & also concerning!!!

[matt8]

On 6/25/2024 at 10:14 PM, matt8 said:

Aviva Zero policy. Nov 2023. 

£475.39 fully comprehensive. 

Wondering what it’ll be come November this year. 

Much to my surprise, it was £449 at renewal this year. It went down. I used a comparison site as I would anyway, and all new policies with other insurers were a couple hundred more than my renewal quote. I snapped their hands off at the renewal. 

[DBIZO]

9 hours ago, matt8 said:

Much to my surprise, it was £449 at renewal this year. It went down. I used a comparison site as I would anyway, and all new policies with other insurers were a couple hundred more than my renewal quote. I snapped their hands off at the renewal. 

Gosh, I'd happy with only double that.