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SP30 Insurance premium increase?

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Not Boxster related but you guys are full of good advice.  My missus added an SP30 to her licence recently and Admiral are looking for £170 in addition to her existing premium.. now some of that may be down to slow notice for it.. to be honest I totally forgot about it to add on to the multicar policy.  Seems absolutely mad that a car which costs £233 to insure annually rises by £170 because of an SP30!. - And yes I do accept that the premium for a BMW M140i is really cheap to begin with :)

Is this normal?  I've not had points myself for years, but thought there was a general "SP30/3 points makes bugger all difference"

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Wow! That seems a lot.  I'm sure in the past when I incurred an SP30 it made literally no difference all...

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It never used to make a difference.  No doubt part of the charge is for re-documentation. :mad:

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Aren’t admiral one of the few insurers that require you to report points immediately and will adjust your in year premium, rather than most other insurers who are happy to be told at renewal?

When I got 3 points it did indeed make bugger all difference. I suspect when renewal time comes you may get a more competitive quote elsewhere if admiral stick with that Premium level.

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It does not make any difference at renewal but they have you over a barrel just now. Try and take her insurance elsewhere and they will hike your other polices stay and they demand silly money. 

20+ years ago mine didn't care. 

 

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I got an sp30 in Jan of this year and it made bugger all difference to the Boxster premium come April. 

I would cancel the policy, get a pro quota refund and look elsewhere. £170 is extortionate 

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5 hours ago, Pinewood said:

I would cancel the policy, get a pro quota refund and look elsewhere. £170 is extortionate 

I doubt you will get a pra rata refund though - check first what it will cost you to cancel. 

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Well that's me jinxed. Just shot past a van doing 36 in a 30 zone. Window was open but camera way back in van. 

Two weeks sitting watching the letter box. 

  • Sad 1

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Thanks all.. seems cancelling and going elsewhere ends up about the same.. still looking for a solution, but it's some system generated thing, and her previous 0 points brought down the insurance on my car, and my daughters, so it might be just one of those things I have to accept.  Damned annoying tho

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That's a large increase. It does vary with insurer, some load 10% some 25% for example - it depends on their stats of their risks insured with/without sp30s, also if you go with a budget insurer they do tend to be slightly higher, same with their admin fees (some are cheap to start up like you see on comparison sites but will make money back on changes throughout the year with large fees etc)

Generally with specialists, if it's your first/only one then it doesn't have much of an impact - happy to take a look for you? 01635 874646

Club discount for mentioning BoXa.net and obviously I'm online for added support too :) 

 

Carlie

01635 874646
www.aplanspecialist.co.uk

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Just renewed our annual multi-car for the daily drives with Direct Line including my SP30 received last November. Premium up £30 on Mrs.F’s Cooper S & £70 on my Tiguan. Not happy 😕 took ages to get through to them as the call centres are all WFH, but used a couple of comparison sites and the quotes were the same so stuck with them. 

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On 8/9/2020 at 8:27 PM, JonFozz said:

Just renewed our annual multi-car for the daily drives with Direct Line including my SP30 received last November. Premium up £30 on Mrs.F’s Cooper S & £70 on my Tiguan. Not happy 😕 took ages to get through to them as the call centres are all WFH, but used a couple of comparison sites and the quotes were the same so stuck with them. 

Did you try us JonFozz? 

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