Insurance, huh?

[MarkW88]

As it is time for the annual "dance" with the Admiral, let us celebrate the renewal.

The Cayenne's renewal price is £600.

After a brief online discussion, they reduced it to £525; as this is only a small increase from the previous year, I decided to accept it.

They wanted to know if anything had changed in my "circumstances" since last year, so I told them that I was retiring early (at 59) on Friday. Now I only need S,D, and P coverage and don't have to worry about commuting to and from work. I sat back feeling proud, waiting for a further reduction because the car would be getting much less money than before. They told me that it would be an extra £50 per month to use the vehicle less often.

How on earth does that function?

[MercedesMan98]

A retiree poses a greater threat.

[MarkW88]

My friend, I won't be a pensioner for another six years, but I've felt like one for the past five.

[vendimoto55]

They must be making it up as they go along, since I now truly believe that.
Over the past decade, I'd been content to do the yearly "dance" with LV with their multi-car insurance, up until a few years ago. My options for insurance on the Bentley were severely limited when I purchased it because no one would even consider covering it. Admiral was the only insurance company that offered a quotation that was almost reasonable, so that's where both of our cars' policies are today.
The insurance isn't due until around the middle of July, however I have done some searching recently. Hastings is one of several leading candidates that offers what seems like additional perks for as little as 20% less. There seems to be a sweet spot for gas mileage estimates, however it differs from vehicle to vehicle. When your mileage is too high, you pose an even greater danger, but when it's too low, you're seen as an inexperienced driver who only drives sometimes.
But in all honesty, I think they're exaggerating! I'm supposedly becoming more dangerous as I age!

[RogerSalesCar]

I could not agree with you two more. He retired two years ago and will be 57 years old in a few weeks. After he officially retired, his insurance premium (Admiral) increased for the remaining months of the policy year. We just renewed our insurance on May 31st, and Admiral's multi-car package was significantly more expensive than competing options. Splitting the house and car insurance into three distinct policies with Direct Line, Aviva and Lloyds resulted in a lower premium. We did make light of the fact that we're no longer insurance friendly as we age.

[shamaspoor]

I finally got it: reporting our Mx5's actual mileage—up to 3,000 miles per year—was just asking for trouble.

As a second vehicle on a two-car coverage, the quote decreased when I declared more mileage for the Mx5.

I don't understand.

[dontito]

Would it have been different if he had stated his occupation as 'househusband'?

[KARlosfuentes]

After notifying my auto and motorbike insurers of my retirement at the age of 60, I was able to have the commuting coverage removed from both plans and see a decrease in my premiums. Your case is unique, and I don't see why.

[mortimerPAS]

My regrettable prediction is that it will be 67 for you, just like it is for me.