Insurance costs

[lee gray]

I’ve moved the vehicles from the Nfu at our last review as they keep going up not down and they are so far out of touch with other car insurers. For a small business our insurances always feel ridiculously high but then I started shopping around for quotes to get the youngest who has just past his test on the old 90. Was £120/yr for us including business use as it doesn’t really do much..1000-2000 miles a year max. But I like to have it about as a just in case and it owes us nothing. Adrian flux wouldn’t add him so thought I’d have a go at the comparison websites...bit of a shock really!

It will be cheaper to buy him a new car and insure it!

So who do you use for youngsters, and what’s your maddest quote?

 

[Farmer_Joe]

Amusingly as a youngster in my first year nfu were actualy very good, but literally beyond that year they were terrible not been with them since.

worth asking them as those quotes are crazy, as you say best to get super low IG car for first year.

 

[gerr]

By their own admission NFU are not good with under 26 year olds. We went with Admiral for their cars but kept the pickup with NFU as these big insurance warehouses don't do commercials. Spend 5 minutes on a compare website. It will be time well spent.

 

[lee gray]

Been out and about today. Cheaper to buy him a mini cooper 1.6 AND insure it. Actually about half the price of insuring him on the old rover that would struggle to get up to 50mph! does seem a little bit silly as surely much more chance of wrapping the mini round a lamp post or racing his mates etc.

 

[Horn&corn]

We’ve got our annual review with Nfu soon. Currently £12k a year for a family dairy farm, 4 houses, 2 old cars and 2 low miles trucks. Some traditional buildings. 3 tractors, jcb and old combine but nothing special. 200 cows and young stock. Seems crazy money. How does this compare with others? Getting a bit fed up with Nfu taking £1k per month and V few claims

 

[Farmer_Joe]

We’ve got our annual review with Nfu soon. Currently £12k a year for a family dairy farm, 4 houses, 2 old cars and 2 low miles trucks. Some traditional buildings. 3 tractors, jcb and old combine but nothing special. 200 cows and young stock. Seems crazy money. How does this compare with others? Getting a bit fed up with Nfu taking £1k per month and V few claims

depends what you wanna save, houses and car better off on comparison sites i would guess defiantly, even my broker for farm agreed this with me this year, then broker rest of farm and buildings etc,

i bet you can shave a good few k off that, sounds more like it should be half?

 

[Yonlass]

@Horn&corn
Going off our renewal in January, with one house but a bit more kit and stock, it should easily be half that.
Try Towergate, Acres or Marsh as a comparison, and don't be afraid to break them down/split them.
We get a quote for Farm Combined and Fleet separately. I used to get the farmhouse separately too, but Marsh were competitive with that in with the Farm policy.
Last year we had the fleet with Marsh but they couldn't get anywhere near this year. Acres had the best price, NFU next and Towergate didn't reply in time for the renewal date ?
Put your fleet in a PDF and ping it off to a few a agents.