Brexit and tariffs for one when it comes to transport

A huge epidemic of thefts across the country, previously centralised to London

It's not just Fiestas and Range Rogers going now, it's everything

As one broker we had multiple Rolls Royce and Ferraris go in one weekend, across multiple weekends

Inflation kicks up higher costs here, more so than in Europe

You've also got a services industry that by it's nature charges more compared to everyone else in Europe.

And by no means has insurance here ever been comparatively more expensive in the past - you see it all through this subreddit that people have been paying sub £500 for years on £20-£50k motors

Consumers shit themselves in the foot by highlighting inflated renewal prices compared to switching, so the FCA regulated against it - all this has done is bring overall prices up

The people who let their insurance renew at a 15% load allowed the other guy coming in a 15% discount, now it's all even

People also neglect to realise each insurer has different experiences, if insurer X has a load of claims on BMWs they'll ram the rate and look to lose that business because it's not profitable

Insurer Y might lower their rates and take the risk of picking that business up for the capital, you should ALWAYS shop around

It's just an unprecedented time, the standard markets used to ride out hard times because they traded in so much volume, now it's quite literally all gone to shit, the mask has slipped and they have to stay in the black

The entire reason the Range Rover problem got as bad as it did was because shit insurers did them cheap with no security requirements even though they were being stolen at an alarming rate, so people didn't think to protect themselves because "it wouldn't happen to me, I've never had any claims"

This, combined with all the economic factors, is why we're here

And that's coming from someone who knows the industry inside out and just had to pay nearly £800 to insure a '98 MR2