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 Post subject: Do you want the good news or the bad news?
 Post Posted: Mon Jul 17, 2017 11:43 am 
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Hi, I thought you'd be interested in this even if your car insurance isn't due just yet but especially if it is! There's some bad news but there's also some relief at the end...

The bad news
According to an industry report last week, Comprehensive car insurance premiums are now at their highest levels since 2010.

The report reveals that the average premium rose to £847 during Q2 of 2017. That's an increase of £66 or 8.4% across the last quarter and £132 or 18.5% across the last 12 months.

The report cites 4 main reasons:

1) the increase in Insurance Premium Tax (IPT), which has been going up since July 2015 and now sits at 12%,

2) the marked reduction in the Ogden discount rate for personal injury awards,

3) good old Brexit - insurers are seeing increases in the cost of vehicle repairs, fuelled by Brexit’s impact on car part prices, and

4) greater repair complexity as the level of expensive technology in vehicles increases.

The report claims there's no evidence to suggest the increases are going to abate. A £1,000 average premium is still on the horizon but is getting closer.

There's some good news though...
Chris Knott's average new policy premium is just £405 - less than half the national average according to the report. This is also a much shallower increase across the last year - only £14 (3.6%) and still bucking the trend.

As a happy client recently said "This is my third year with @ChrisKnottIns and every year they beat all my other quotes for both cars that are modded. Many thanks again and keep up the good work and the prices down!" carcall, Audi-Sport forum

Please give us a call for a quote to access these lower average rates for club members. You'll need to mention this forum to gain access to our 'Clubs & Enthusiasts scheme'.

QUOTELINE: 0800 917 2274

ONLINE: Visit https://www.chrisknott.co.uk/CarQuote to request a call back.

*****************
Feedback about our clubs and enthusiasts offering:

"Well Chris Knott's has come good again - this is my 3rd year with them now this year. They beat all other quotes I was getting without even trying." Rusty2009, Astra J/GTC OC

"Another customer today. Not entirely new as insured a few Alfas with you many years ago. Good price, friendly chat with Ian. Not convinced about the need to supply driving licence check code as never had to do that before, nothing to hide but guess it's to flush out some that have." gavp, BabyBMW forum

"Hi Guys, just purchased my first policy from you - beat my renewal with AXA of £845, now I'm paying £760. Happy motoring. Easy, quick and competitive ." Vrs_Maj, VWAudi Forum

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MPSOC INSURANCE - the club's preferred insurance partner
QUOTELINE: 0800 917 2274 (or 01424 200477 for mobiles)
CLUB CODE: MPO-153
MPSOC Insurance is powered by Chris Knott Insurance who is authorised and regulated by the Financial Conduct Authority.


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 Post subject: Re: Do you want the good news or the bad news?
 Post Posted: Mon Jul 17, 2017 11:57 am 
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Joined: Mon Jan 04, 2016 10:00 pm
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I love the use of averages here.

My Insurance went up from £370 to £590 in one year. That's an increase of 59.46%

Why? They said "IPT... higher costs.. blah blah." Load of balls imo.

I will give your company a call next year, will see what you can offer.
Although I need a multi car policy one with my modified car and my wifes normal old Renault.

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Bilstein B8 Dampeners with MK1 aero springs
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 Post subject: Re: Do you want the good news or the bad news?
 Post Posted: Mon Jul 17, 2017 1:13 pm 
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Joined: Fri Oct 03, 2014 7:27 am
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I just got my Mazda 6 MPS insurance with AXA £197 fully comp. That's £25 more than last year or 14% more over 12 months which certainly is beyond inflation but won't break the bank


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