Renewal arrives and the price is higher than last year, but your car is a year older. What gives? A few common reasons:
1. You lost some (or all) of your NCD
Made a claim last year? Your No Claim Discount likely dropped, and that discount was doing more work on your price than you realised, up to 55%.
2. Your claims history caught up
Beyond NCD, insurers price based on your record. Multiple claims in recent years can push you into a higher-risk bracket.
3. Your car model's risk profile changed
Insurers track theft rates and repair costs by model. If your model became a theft favourite or parts got pricier, premiums across the board rise for that car.
4. Location and flood risk
After major flood years, insurers adjusted pricing in flood-prone areas, and demand for flood coverage add-ons went up too.
5. You were auto-renewed without comparison
The quiet one. Auto-renewal keeps you with the same insurer at whatever their new rate is. Other insurers on the panel might be hungrier for your business this year, but nobody checked.
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