'They' certainly are. 'We' are now conditioned to expect huge increases in virtually everything. We value our cars as other clubs do with their marques. Yet when you look at values in resale markets, suddenly it's rather different. Time for 3rd Party only? Unless we have 'agreed value' cover it's pointless kidding ourselves.
I spent 25 years in selling/admin/claims Motor insurance amongst other things and am (was!) aware of such things as inertia selling. The market benefits hugely from customer inertia and I now consider my renewal a full month prior to the due date. Then try the old insurer with the alternatives. Do not leave it to the last minute. Think of it as an eleven month policy.
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member no. 235
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