Mito Man wrote: ↑Tue Dec 19, 2023 5:01 pm
How long do you think before the evidence that the new security updates are effective gets relayed to the insurance companies and Range Rover rates drop back to the norm for luxury SUVs?
Might be worth renewing for another year. I don’t know, depends, if you’re looking at another SUV like a Cayenne which may then depreciate a crap load as well and still cost a few grand to insure you may be best off riding this Titanic to the depths.
I think it will take a long time to rectify personally.
A good indication is that my first one was nicked in July '21 - a full year later in July '22 when I renewed the insurance it was essentially the same at £1,800 p.a. which means that despite an epidemic of thefts going on for many months, it took a long time to feed through into premiums. I would expect it will take as long or more to come back down the other side. Not really viable to pay those silly premiums for such a long time.
I could be a bit more creative and transfer to my Dad's business and let him keep and insure it in Yorkshire for a couple of years and then bring it back when things normalise but I don't know whether I've got that level of love for it versus taking the cash.
Its really a bit of a dilemma (trilemma?) as X5s and Cayennes are also silly -£3.5k p.a. insurance now, but
anything premium (even a 10 year old A6/5 Series/E Class estate) in London will be thick end of £2k so if its not something really nice query if worth having it at all (certainly as a third car!).