Peter James Insurance price hike

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Lotus-e-Clan
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Re: Peter James Insurance price hike

Post by Lotus-e-Clan »

Hawaiis0 wrote:
Mon Nov 16, 2020 22:13
Lotus-e-Clan wrote:
Mon Nov 16, 2020 22:05
...if i ever fell on hard times I know which car would be the last to go! :lol:
After the wife of course :)
Ah yes. But her pensions are just coming in so I need her like I've never done before! :wink:

Oh yes another weird one ... Adrian Flux's asked how much mileage I wanted on EACH car (separate policies remember).
So I said 'errrmmm.... 1500 Clan, 3000 Lotus and 4000 for Camper.' ...
  • 'Just hold-on' she said .....
    'It seems you did 6000 miles in the Lotus last year and 4000 mile in the Clan' she said!
    'How do you know' I said.
    'It's online' she said.
    'NOT true' I said!
    'Just doing my job!' she said
    'BUT it's NOT true' I said!
So I looked up the MOT record for each and sure enough there was 6000 miles between the last two MOTs for the Lotus and 4000 miles between the last two MOTs for the Clan!

EXCEPT ...for the Lotus the last two MOTs were 2016 and 2019 (it was off the road during 2017/18 when I did the clutch and flywheel))
and for the Clan it's not needed a MOT for years (Historic), so clearly she had not looked at the dates!!!! (and in any case both were on UNLIMITED mileage under Peter James' policy)

But the point is BEWARE! The new online MOT records are being used to check if you have gone over any LIMITED mileage policies you have.
And if you do exceed the mileage then technically you're effectively uninsured - PLOD might catch-on-to that too!! :?
Peter K

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Re: Peter James Insurance price hike

Post by Alan_M »

I’m watching this with interest as I have both my Lotus with Peter James on one policy which was renewed in August. At that time they were the cheapest and my policy has unlimited mileage via Club Lotus membership.

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Lotus-e-Clan
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Re: Peter James Insurance price hike

Post by Lotus-e-Clan »

Alan_M wrote:
Tue Nov 17, 2020 10:46
I’m watching this with interest as I have both my Lotus with Peter James on one policy which was renewed in August. At that time they were the cheapest and my policy has unlimited mileage via Club Lotus membership.
Maybe because my 3 vehicles are able to be categorised within different specialist contexts then having one underwriter for all three is disadvantageous. For example, the camper underwriter is now a motorhome specialist, the Clan can be called a kit-car so its underwriter is now a kit-car specialist, and the Lotus is still a Lotus! So that also explains why I was told that (only) for the Lotus, I must remain a club member as a policy condition (I've been a Club Lotus member since the 80's).

So one policy underwriter for two similar Lotus would makes sense for you.

One other drag with having the 3 policies ...I had to pay separately for each - therefore I read my debit card number 3 times over the phone cos she said she couldn't (wasn't allowed to ) remember it! :shock:
Peter K

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Lotus-e-Clan
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Re: Peter James Insurance price hike

Post by Lotus-e-Clan »

Oh and another thought!

She tried really hard to encourage me to upgrade the standard 3rd party cover enabling me to drive anybody's car, to fully comprehensive to a max value of £20,000, for an extra £25 on the premium.

I declined.

But it does raise the question why there isn't a universal insurance policy to cover the person (similarly limited in value) to drive any car -and scrap the policy per car stuff! :?
Peter K

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Re: Peter James Insurance price hike

Post by Hawaiis0 »

Two speedos might help
Nothing is fool proof. Fools are clever!

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Re: Peter James Insurance price hike

Post by Hawaiis0 »

Lotus-e-Clan wrote:
Tue Nov 17, 2020 12:53
...

But it does raise the question why there isn't a universal insurance policy to cover the person (similarly limited in value) to drive any car -and scrap the policy per car stuff! :?
Interesting comment. Whilst serving Aunty Betty overseas, I was required to take out local German insurance, and that was set against the driver not the vehicle. So once insured, you drive anything and you are covered. Plus if you prang a friends car whilst driving you are paying, not him.

It's a rip off Britain Scam to force multiple policies for the the cars you dont drive, whilst only driving one at a time.

Again, whilst overseas, I cancelled the insurance on the car left on the UK drive taxed but unattended and got £90 fine for an uninsured motor.
Nothing is fool proof. Fools are clever!

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Re: Peter James Insurance price hike

Post by Hawaiis0 »

Insurance renewal is in. Here is the difference on last year.

I'll give percentages first:

Increase - payment lump sum 40%
Increase - with instalments 62%

Those figures are mind blowing. The only saving grace is that last years was only £100. 5000k miles; SD&P + C; agreed value (12K)

So at £140/162 do I grumble?
Nothing is fool proof. Fools are clever!

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Re: Peter James Insurance price hike

Post by MetBlue »

Just got my renewal notice.
The insurance bit is just £104, but it is £208.60 by the time they stop putting the fudge factors in 😕.
OK, £55 of the fudge is recovery insurance (maybe I should be more confident in the car), but that's still £50 of admin costs. Won't surprise anyone when I say last year they waived all of the admin to get my business.
Internet search and phone call coming up.
Tony
What goes together.... Must come apart.

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Re: Peter James Insurance price hike

Post by Pete Boole »

A few years ago when renewing my house insurance the guy said "anything else I can help you with" - and I said - tongue-in-cheek - I'd like to pay less, and he replied that because I'd effectively asked, he had to do something about it. If I'd not said anything I would have paid the full renewal cost. The new quote was slightly less than I'd paid the previous year!! So every year now I tell them I'm not happy with the renewal quote and they immediately reduce it!! This year I'm paying slightly less again. It's a shocking system. I've just had my Elite renewal through the post so we'll see what happens with that.

Pete

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Re: Peter James Insurance price hike

Post by MetBlue »

Excel is insured though Lancaster and they've sent me an email today virtually pleading with me to give them a call so they can discuss a reduced price!
Comparison sites first though.
Tony
What goes together.... Must come apart.

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Re: Peter James Insurance price hike

Post by TAR »

There is a new ruling coming into force which effectively prevents insurers offering special deals to new customers which aren't available to existing people. This means that generally renewal prices will go up as there is little point in shopping around for a better deal. Only time will tell if it has any real effect. :)

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Re: Peter James Insurance price hike

Post by barker_001 »

Just had my renewal through from RH Classic Insurance, up from £135 last year to £142 for 3000 miles and an agreed value. Given that they've been very good about letting me keep the same agreed value for several years (without the cost of getting a new one every 2 years through Club Lotus etc. like some of the other insurers insist on) I'm probably going to go with them again. Although I am intending to get an updated agreed value shortly as values do seem to have started to rise.
And their call centre is in Swansea so they can deal with the name of the village I live in with no issues and/or not having to spell my whole address... :roll:
Bryan

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