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Richard_Y

car insurance for 65+ drivers

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Thanks again all for the comments. After a couple of calls, LV came out cheaper than Aviva by £50, so I stuck with them, at just under £300.
As I thought, the musician thing got Aviva worried!
(For your entertainment, on the musician issue, and to show how sledgehammer-like are the insurers' workings: my wife is a musician too, a retired music therapist who also plays a 19th century harp at occasional weddings. When she retired from therapy work, so the harping was now her primary income other than pension, John Lewis Greenbee promptly discontinued both her car insurance, and by association mine too, as well as our house insurance. This still rankles with some other insurers, who take one look at us and decide we're a Serious Risk. I got away with being classified as a teacher, despite telling them what I really did. What it is to be a social pariah!)

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58 minutes ago, Richard_Y said:

Thanks again all for the comments. After a couple of calls, LV came out cheaper than Aviva by £50, so I stuck with them, at just under £300.
As I thought, the musician thing got Aviva worried!
(For your entertainment, on the musician issue, and to show how sledgehammer-like are the insurers' workings: my wife is a musician too, a retired music therapist who also plays a 19th century harp at occasional weddings. When she retired from therapy work, so the harping was now her primary income other than pension, John Lewis Greenbee promptly discontinued both her car insurance, and by association mine too, as well as our house insurance. This still rankles with some other insurers, who take one look at us and decide we're a Serious Risk. I got away with being classified as a teacher, despite telling them what I really did. What it is to be a social pariah!)

 

It does pay to select your Job Title carefully as long as you're honest - my son works for a specialist car insurer and he has to choose the least worst job title when insuring his car.

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3 hours ago, Richard_Y said:

 John Lewis Greenbee promptly discontinued both her car insurance,

 

 

Did they keep harping on about it?    :ph34r:

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1 hour ago, Jaydug said:

 

Did they keep harping on about it?    :ph34r:

 

Think he would have better off fiddling his status.

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I use a broker and ask them to pick my insurance so that it has all the bells and whistles, for car caravan and household.

 

The prices aren't scary either :)

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Posted (edited)
7 hours ago, Jaydug said:

 

And of those who do, most offer 90 days whilst LV give 180.

 

One reason why we've been with LV for some years for our main cars.

 

At Christmas I unexpectedly bought a Jaguar S-Type which is insured by Saga as they were the cheapest. Age 66, retired, clean licence, 11 years NCB but that was 'attached' to my other car so had to start afresh. :rolleyes:

Edited by hawkaye

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I've been with LV= for the past 5 years and their renewal quote had always been very competitive - until this year when they upped the premium by a whopping 29% for no reason.  A quick check on a comparison site showed at least half a dozen companies could beat it, so I went with Quotemehappy, the online-only company that's part of the Aviva group.  Not only are the benefits better than what LV= was offering, but also the premium is close to what I paid last year.

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4 hours ago, Jaydug said:

 

Did they keep harping on about it?    :ph34r:

I thank you, ladees and gennulmen :-)

 

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1 hour ago, Crannoghome said:

I've been with LV= for the past 5 years and their renewal quote had always been very competitive - until this year when they upped the premium by a whopping 29% for no reason.  A quick check on a comparison site showed at least half a dozen companies could beat it, so I went with Quotemehappy, the online-only company that's part of the Aviva group.  Not only are the benefits better than what LV= was offering, but also the premium is close to what I paid last year.

I am with LV, this year the cost when up from £ 206 to £294.  I did 2 comparison sites as well as direct line. LV was still the cheapest.  This year we only have 1 car, I am now retired, but self employed part time as a consultant for my old firm. I don't have a company vehicle so now need commuting and as we only have 1 car we need a like for like replacement car after an accident. Also  I'm not sure if at 67 I have reached the age where the the cost will go up as I age. It was still a bit of a shock 

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27 minutes ago, the gasman said:

I am with LV, this year the cost when up from £ 206 to £294.  I did 2 comparison sites as well as direct line. LV was still the cheapest.  This year we only have 1 car, I am now retired, but self employed part time as a consultant for my old firm. I don't have a company vehicle so now need commuting and as we only have 1 car we need a like for like replacement car after an accident. Also  I'm not sure if at 67 I have reached the age where the the cost will go up as I age. It was still a bit of a shock 

 

I understand the cost starts rising gradually over age 70 but goes up at a slower rate than it goes down with age up to that.

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On 23/04/2019 at 09:32, Townie said:

 

 

On 23/04/2019 at 09:32, Townie said:

TV money expert Martin Lewis suggests checking renewal prices one month before it's due. Don't know why.

 

I don't know what he said, but I expect it is because the blighters renew your insurance a couple of weeks in advance using your bank details without asking you.  At that point they can rely in most cases on customer inertia not to do anything about the inevitable price hike.  If you do then want to cancel it you are faced with hassle like waiting 45 minutes on the phone to get through to them, and then being handed from pillar to post.  Apparently this practice is legal, goodness knows on what justification.

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I am 67 wife 65,both our cars are insured with Saga as they came out the best. My 12 year old Saab cost less than last year, its on 5000 miles. Our Hyundai was more but that is 2.5 years old and on 10000 miles a year as its the towcar. Probably could reduce that as its only done 18000 miles so far!

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Both my wife and I have been with LV= for years. My premium for the Disco Td5 was £335.35 this year - compares very reasonably with the first year I had the car which was £331.05 some 8 years ago. I'm now 69.

 

My wife's premiums didn't increase when she passed 70 years of age. LV= have always been a good company to deal with, and processed our only claim (wife's car written off some years ago) quickly and professionally.

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5 minutes ago, Bolingbroke said:

 

 

I don't know what he said, but I expect it is because the blighters renew your insurance a couple of weeks in advance using your bank details without asking you.  At that point they can rely in most cases on customer inertia not to do anything about the inevitable price hike.  If you do then want to cancel it you are faced with hassle like waiting 45 minutes on the phone to get through to them, and then being handed from pillar to post.  Apparently this practice is legal, goodness knows on what justification.

In my experience the practice of Automatic Renewal is totally underhanded and not always fully disclosed until the deed is done.

I have exhaustively scoured the various insurance websites that only give minimal support especially during the first 14 to 28 days from the inception of the policy and make it impossible to speak with human voice thereafter - the worst that I have ever (to date) come across is G******l A******t.

 

Another money maker is the adjustments to ones policies and possibly the biggest ripoff is the registration plate change-over when retaining a personalised plate after a  swapping cars mid stream of a policy period.

 

I have burned a few pairs of ears over the automatic renewal situation in the past few years.

Also,now that the public is becoming more and more savvy about the various underhanded tactics and not least of all the 'new customer gets the best deals and stuff loyalty';I wonder what their next move will likely be !!

 

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25 minutes ago, AWanderingLancastrian said:

In my experience the practice of Automatic Renewal is totally underhanded 

1

 

I agree!   I signed up for a new car policy with Axa yesterday.   After the deed was done, an email told me that the policy would be automatically renewed in a year's time, but an opportunity would be provided later for me to opt out.

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14 minutes ago, Jaydug said:

 

I agree!   I signed up for a new car policy with Axa yesterday.   After the deed was done, an email told me that the policy would be automatically renewed in a year's time, but an opportunity would be provided later for me to opt out.

Hi Jaydug.  Personally I would have been back in touch with AXA and told them in no uncertain terms that unless they remove that condition I will invoke my period of cancellation without penalty and go elsewhere.

 

Indeed I did just that last year with one insurer in particular and within a few days the policy/condition was removed.

When the renewal was due I realised by searching the comparison sites that it was a wise move and that I had potentially saved myself money and a load of hassle had I waited until the renewed policy had been put into place.

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On each and every occasion I speak with an insurer (remember ALL calls are recorded) I tell them, in NO uncertain terms that under NO circumstances do I want them to automatically renew any policy. IF I want to renew with them I will make contact. 

 

It works! 

 

Andy

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5 hours ago, Jaydug said:

 

I agree!   I signed up for a new car policy with Axa yesterday.   After the deed was done, an email told me that the policy would be automatically renewed in a year's time, but an opportunity would be provided later for me to opt out.

 

You can always remove the auto-renewal set up on your bank account after the policy is issued.  However, you have to be given 21 days notice of renewal and what usually happens is that a pre-authorisation is placed to ensure sufficient funds are held to pay the amount due on the renewal date.  If renewal is cancelled the money never leaves the bank account.

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There is no point people comparing insurance premiums as their individual circumstances will never produce the similar results owing to the very complex algorithms used to arrive at the figure. My wife and I are exactly the same age, have identical driving records and require the same cover but quotes for each of our cars  with  the main driver and named driver reversed produces premiums that are hugely different.

 

My wife has her own car and never drives mine but if I remove her as a named driver from my policy the premium increases by £200. 

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