DEFENDER2.NET - View topic

↓ Advertise on Defender2 ↓

Home · FAQ · New Posts · My Posts · PMs · Search · Members · Map · Calendar · Profile · Donate · Register · Log In

Home > General & Technical (L663) > lnsurance

Page 2 of 5

Print this entire topic ·

markb110

Member Since: 22 May 2010
Location: Guildford
Posts: 2627

The problem with ‘Land Rover Insurance’ is that it gives the false hope that JLR are the Insurance company.

They work through a single broker that when the computer flash’s to say the phone is ringing the member of the broking staff answers the call ‘ Hi your through to Land Rover Insurance, how can I help you today…..’

The very next call, ‘Hi, your through to Toyota Insurance, blah, blah, blah’.

In a previous role for an insurance company I used to go and see a number of brokers and I saw the broker in question though for the life of me I can’t remember the name.

The vast majority of ‘deals’ are based on a three year profit / loss ratio. First two year good, third year is when the claims build up. The holding Insurer gets cold feet and does not want to continue past the third year, then another insurer pops up with a deal to the broker promising more commission if they move the book of business over at renewal, less the ones that claimed.

The broker rubs their hands together at the extra cash, and less work to do.

My guess it that the brokers are protecting existing deals, but at the same time data harvesting (which is worth more with no risk). Hence why you have to complete a full quote before they say NO, instead of just asking for the vehicle type and your post code and finishing the call in less than two minutes.

Chasing quotes is demoralising, especially when you know the staff are below the age of 23, still living at home with their parents, hardly have any other insurance apart from their own car and don’t have to pass the insurance exams because they are only trained to answer what’s on the computer.

This is the reality. Unfortunately JLR have walked away from the every day person by pushing inflated prices to attract what they think is their core market, and even they only see JLR as a status symbol.

Throw in increased costs, fires, slashed tyres and constant bad press, they will walk away one day and JLR can’t look at me with doe eyes, I haven’t got that kind of money if I was forced to give up my 90 TD5.

26th Oct 2023 12:57pm

markb110

Member Since: 22 May 2010
Location: Guildford
Posts: 2627

Well that didn’t take long to say that Land Rover Insurance is not in it for the long run……

The ‘broker’ is call Wrisk Transfer’ based in London with a board of Directors made up of non traditional broking experience.

They also support Volvo, Mini and other car manufacturers.

The Product Manager made an app for IPhone so I guess he as put together a quotation engine that works in a call centre environment with staff only trained to sell.

Based in London expect the covering insurer to be one of the London syndicates that most ordinary people have never heard of.

Looking at the directors and based on my past experience, they are building a book of business to sell in the future, and they will head off into the sun set with a bag full of cash and a vision of setting up a solar panel sales call centre.

You can make up your minds.

I think that JLR are sticking a plaster over the wound without even looking to see if the victim is terminal….

26th Oct 2023 1:13pm

XplusYplusZ

Member Since: 16 Aug 2021
Location: UK
Posts: 484

I just renewed mine 5 days ago.

My then current insurer (Hastings Direct) sent me a letter telling me they couldn't insure me anymore. After a year of no claims - thanks guys..

I managed to find 2-3 insurers who COULD insure me, but my premium went up around 30%. I'm now with Admiral (approx £1600 fully comp, central london, with business insurance and premium coverage).

27th Oct 2023 9:12am

lightning

Member Since: 23 Apr 2009
Location: High Peak, Derbyshire
Posts: 2749

That's not bad for central London.

My brothers friend has a new RRS in London and his best renewal quote was £27,000.
He's sold it.
ln some parts of London you can't get cover at all for Range Rovers.

27th Oct 2023 12:59pm

Tobers

Member Since: 01 Oct 2023
Location: Skye
Posts: 39

£650 for me on the Isle of Skye. Haven’t got one yet though - ordered and waiting. 57 yo and 20+ years NCB.

27th Oct 2023 6:09pm

WizzardPrang

Member Since: 05 Nov 2020
Location: Hertfordshire
Posts: 154

£700 with NFU, protected NCB, just me driving. Up slightly from last year but 0% interest for paying monthly. Didn't bother shopping around. Current vehicle: 2020 Defender 110S
Gone: Defender 90 HT 200Tdi, Discovery Sport, Freelander 2

Insta: wizzardprang

27th Oct 2023 8:47pm

lightning

Member Since: 23 Apr 2009
Location: High Peak, Derbyshire
Posts: 2749

That's pretty much what l've paid with LV for my D250 this week.

£700

27th Oct 2023 10:16pm

XplusYplusZ

Member Since: 16 Aug 2021
Location: UK
Posts: 484

lightning wrote:
That's not bad for central London.

My brothers friend has a new RRS in London and his best renewal quote was £27,000.
He's sold it.
ln some parts of London you can't get cover at all for Range Rovers.

That is ridiculous! Was it an older one or latest model?

Imagine if JLR can't sell cars because nobody can insure them..

For less than £27k a year, you could buy a small holiday home somewhere in the sticks and insure the car at that address.. of course you wouldn't use it as your primary vehicle.. . . .. much .. ..

31st Oct 2023 9:29am

camelman

Member Since: 27 Feb 2013
Location: Peak District
Posts: 3369

https://www.independent.co.uk/news/uk/home...37075.html

31st Oct 2023 9:57am

lac

Member Since: 29 Jan 2023
Location: Moray
Posts: 38

So LR’s own insurance seems to be back on so thought I’d get a quote. All details added as per current policy, same miles etc etc and monthly was £111. Can’t seem to get an annual price but work out well over double what I recently paid. 110 D300 XD HSE, Carpathian, Tow pack. Air Susp pack, cold pack, hud,

20th Dec 2023 8:03pm

Soup Dragon

Member Since: 22 Sep 2023
Location: Cheshire
Posts: 86

Same here. Double the price of LV. You’d have to be desperate. Also odd that the quote is monthly when all other companies provide annual figues - maybe they think it looks more affordable quoting on this basis - they are mistaken.

20th Dec 2023 10:41pm

J77

Member Since: 04 Nov 2019
Location: Fife
Posts: 3391

Confused sent me my quotes, though as I had to change insurance when I changed from the 110 XS Edition back to a 90, it’s not actually due until April. But they were eye opening, well over £1k for the year more than doubled. Will see what April brings. 24MY 90 D250 HSE, Tasman Blue

30th Dec 2023 11:15am

Tobers

Member Since: 01 Oct 2023
Location: Skye
Posts: 39

Quite pleased here. I’m with Admiral. I had a VW T-Roc R at about £400/year. I live in Guildford, and have 20 years NCB as does Mrs T. Upgrading to my new D250 90 cost only £150, with 10 months of the policy to go.

31st Dec 2023 5:46pm

markb110

Member Since: 22 May 2010
Location: Guildford
Posts: 2627

?si=gwyGm6Z2InObkubg

31st Dec 2023 7:08pm

J77

Member Since: 04 Nov 2019
Location: Fife
Posts: 3391

Had a look at LR new insurance just out of curiosity, £123p/m. Appears to be a subscription based. 24MY 90 D250 HSE, Tasman Blue

2nd Jan 2024 1:51pm

Page 2 of 5

All times are GMT

Jump to

< Previous Topic | Next Topic >

Posting Rules

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum