JLR values tumbling as a result of insurance hikes...

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"2 days ago
I paid £78k for my Defender in October 2022. It’s done 19,000 miles and has just been valued at £42k by WBAC. ... Also my insurance has gone from £1300 to £2600. You’ve gotta really love Land Rovers to have one! " Jules

Blimey 78 down to 42 is some hit

***Range Rovers were among the most-stolen cars in the UK last
year because of their high resale value and keyless
technology that criminals exploit.
Jaguar Land Rover (JLR) chief executive Adrian Mardell said:
“The theft record was much worse in 2022 than it is today.
“Engineers have been working on a significant number of
interventions to counteract, avoid and get ahead of the ways
that vehicles can actually be taken.”
Thieves have been able to buy car hacking technology online
that allowed them to fool cars into unlocking and starting
without needing a key. ****

Does that mean then that our ‘click and dock key’ cars are safe from wireless theft and don’t need to worry about faraday cages?

I have had a security update for the LR Remote app that I have with my MY20 DS but no indication yet from LR about any software update for the car.

Incidentally my son finally takes delivery tomorrow of a brand new Porsche 911 and he has been sorting out the insurance. He ordered it in June last year. Surprisingly it makes no difference whether a tracker is fitted or not or even if it's stored in a garage or driveway. (actually I have to go and collect it as he is away in Africa - the things we do for our kids eh ) 3 x FL1 2 manual + 1 auto
5 x FL2 4 manual + 1 auto
Now Discovery Sport P250 MHEV SE

Paul4751 wrote:

Does that mean then that our ‘click and dock key’ cars are safe from wireless theft and don’t need to worry about faraday cages?

[quote="jules"]JLR values tumbling as a result of insurance hikes...

&ab_channel=ChallengeTheRoad

&ab_channel=TheDoctor%E2%80%99sGarage

"2 days ago
I paid £78k for my Defender in October 2022. It’s done 19,000 miles and has just been valued at £42k by WBAC. ... Also my insurance has gone from £1300 to £2600. You’ve gotta really love Land Rovers to have one! "[/

No matter what software update Land Rover do, the Insurance Company’s will not reduce their premiums 🤬

According an industrial insurance actuary friend of mine, the motor insurers have been making very little profit on car insurance for a good few years, such has been the competition in the market keeping premiums low. The big premium increases we are now seeing have largely come about as a result of a perfect storm of rising car theft, rising car prices (above inflation), increased car complexity, increasing cost of repairs and increased delays in acquiring spare parts (how much does a hire car cost for 4 months?). Jules

A few years ago about 10 years in fact my insurance costs with NFU increased, I called them and was told that for every £100 they make from car insurance they have to pay out something like £115 so they had to increase the premiums.

So I want back to A Plan for a few years, at that time they would always negotiate a cheaper deal, since A Plan have now been taken over by Howdens things have changed to a take it or leave it policy. After about four or five years with A Plan I moved back to NFU. This year they put the price up by a a quarter with no negotiation, so I used Go Compare and am now with Churchill ( with a smaller excess also had a good experience of them in the past).

It pays to shop around, but be sure to ask about the excess.

jules wrote:

(how much does a hire car cost for 4 months?).

I do not understand why criminals are nicking them as they are so unreliable, would not make a good get away car car would it.......Bombay mix anyone? 2013 FL2 XS.
Defender 90 300 TDi.
Defender 90 300 TDi CSW.
1964 MGB Roadster.
1944 Willys MB "Jeep" with bullet holes. (gone)
17 hand Irish Drought Thoroughbred (mostly lame)
Nagging Old Boiler.

dorsetfreelander wrote:

jules wrote:

(how much does a hire car cost for 4 months?).

I always try to decline the courtesy car option as we have other cars in the household but it doesn't seem to make much difference and some insurers won't remove it.

On another tack how many of us have been to get some bodywork done on a car and the first question they ask is "are you paying yourself or is this an insurance job?". This sort of practice can't be helping.

Rommel wrote:

I do not understand why criminals are nicking them as they are so unreliable, would not make a good get away car car would it.......Bombay mix anyone?

Yes I was refering to Range Rovers, I have had my FL2 for seven yrs and only ever had a bulb go other than routine servicing. 2013 FL2 XS.
Defender 90 300 TDi.
Defender 90 300 TDi CSW.
1964 MGB Roadster.
1944 Willys MB "Jeep" with bullet holes. (gone)
17 hand Irish Drought Thoroughbred (mostly lame)
Nagging Old Boiler.

Freelander 2 - the best 4 x 4 x Far Ford

 Jules