Insurance

[LostKiwi]

As they say it pays to shop around.

Had the renewal for the 129 the other day. - £387 so thought time to shop around again....

Five minutes later £208.
Rang the original company and they managed to get the renewal down to £322 - "Would you like to stay at the new price?"

Er... No.

 

[malcolm E53 AMG]

Used to be an annual ritual for me as well shopping round for a better quote but I’ve found that being with Aviva multi-car has pretty much put a stop to that painful experience, I suppose I benefit from having all my other insurance with them - happy days long may it last

 

[Blobcat]

I have notice renewals nearly doubled from last year and whilst I’ve been able to reduce the premiums by shopping around not one is close to last years

 

[EmilysDad]

I have notice renewals nearly doubled from last year and whilst I’ve been able to reduce the premiums by shopping around not one is close to last years

i wonder what excuse they're using .... inflation? war in the Ukraine? Multiple prime ministers in recent years? ... ???

 

[Blobcat]

i wonder what excuse they're using .... inflation? war in the Ukraine? Multiple prime ministers in recent years? ... ???

All of the above… plus most of the things from the supermarket loyalty card thread…

 

[Timeandleisure]

Don’t forget … environmental implications to stealth taxing schemes

 

[Timeandleisure]

I have notice renewals nearly doubled from last year and whilst I’ve been able to reduce the premiums by shopping around not one is close to last years

I’m in the same boat… just starting to look around to try my luck…

 

[M80]

All of the above… plus most of the things from the supermarket loyalty card thread…

'Them' Clangers are costing me 78% extra this year.

 

[LostKiwi]

i wonder what excuse they're using .... inflation? war in the Ukraine? Multiple prime ministers in recent years? ... ???

I got inflation and the "everyone is having to do it" response to which my response was "but this company is still 33% cheaper than your best price and they're in the same market as you".
No reply to that.

 

[rf065]

Mine came through last month, I thought it was on auto renew so didn't pay much attention as it was £260 which was much the same as last year. Checked on Ask Mid the day it was supposed to have renewed and listed as uninsured.
My mistake, so quick phone call and I'm told as you never paid to renew, it must now go through as a new quote, that will be £350, is that OK? Err no, don't bother.
Quick look on one of the comparison sites and 10 minutes later was insured for £207.

 

[AMGeed]

I count myself lucky I found similar cover last week for just £18 more than last years price.
A local broker couldn't come close. Over £300 dearer

 

[rorywquin]

I got inflation and the "everyone is having to do it" response to which my response was "but this company is still 33% cheaper than your best price and they're in the same market as you".
No reply to that.

Problem is that you are talking to a person reading from a script. They probably don’t even understand what they are talking about.

 

[rorywquin]

I count myself lucky I found similar cover last week for just £18 more than last years price.
A local broker couldn't come close. Over £300 dearer

I’ve found brokers are usually more expensive. We’ve been using LV for a while now because they have consistently given us the best price.

 

[dry run]

It really annoys me that when the renewal comes through and it has doubled, you shop around and find it much cheaper elsewhere. Your current insurer then offers to reduce your renewal price. That basically tells me they were just trying to rip me off!

 

[ajlsl600]

i wonder what excuse they're using .... inflation? war in the Ukraine? Multiple prime ministers in recent years? ... ???

1000 pound headlights and 1200 plastic front bumpers may hav somat to do with it!! F crazy but hey we are all paying for it..
One industry makin sure others get nose in feeding tray.

 

[rorywquin]

It really annoys me that when the renewal comes through and it has doubled, you shop around and find it much cheaper elsewhere. Your current insurer then offers to reduce your renewal price. That basically tells me they were just trying to rip me off!

Like everything - always seems that you have to shop around to get a better price when subscriptions renew. Broadband & anti-virus spring to mind.

 

[ajlsl600]

Like everything - always seems that you have to shop around to get a better price when subscriptions renew. Broadband & anti-virus spring to mind.

Yup. But even then premiums have really gone up??? Not related to any inflation unless Argentina or Russia?

 

[AMGeed]

I’ve found brokers are usually more expensive. We’ve been using LV for a while now because they have consistently given us the best price.

Brokers are useful if you have a remapped or modified car and find getting insurance difficult. They can usually find a deal somewhere.
But its pretty obvious brokers can't compete when you take their commission into account.
Not that long ago brokers were the only place to get your insurance. Along came the internet.

 

[AMGeed]

Yup. But even then premiums have really gone up??? Not related to any inflation unless Argentina or Russia?

Parts supply difficulties, inflation (was running at 15+% not long ago) , wage rises, increase in car repair costs, cash for crash claims increasing, etc etc. It all mounts up, but some of the increases beggar belief

 

[AMGeed]

It really annoys me that when the renewal comes through and it has doubled, you shop around and find it much cheaper elsewhere. Your current insurer then offers to reduce your renewal price. That basically tells me they were just trying to rip me off!

Yep.
My renewal came in today. Up £100 on last year.
Rang to cancel (already bought elsewhere ) and they kindly reduced the increase to £44.
I told her they had their chance with the renewal. Goodbye.