I was renewing with Tower and it’s gone up a lot, even though I haven’t made a claim and nothing has changed. Same old car. I just thought stuff it, and I downgraded to third party only with no theft or fire cover (I have one of the best alarms)
On the phone they explained that part of the reason was that the value of my car had been adjusted (about $1,000 higher) but when they used the calculator to figure out the premium cost for a lower agreed value, it didn’t change to the price I expected.
Prices must have gone up due to inflation or corporate greed.
I’d still trust Tower over AMI. Once I used AMI and my renewal package got lost in the post, and my insurance expired, but they didn’t even text or email me. With Tower it automatically renews. So while AMI might be cheaper, they are really bad with communication, and won’t even spend 2 cents to send an SMS to your phone.
Go to a broker - get them to shop around for you. And take a higher excess too; that’s makes a big difference.
But yeah, insurance has gone up dramatically in the last 18 months or so. Our corporate bill (building, 4x vehicles and 10mil public liability) went from 9K to 15k at last renewal.