Insurance. Always worth a call - Page 2

Lear · 28th March 2021, 14:23

Premiums should be coming down because motoring has been way down during COVID so claims way down. I guess they will put up citing mor3 claims on their business disruption policies. Yes, do not accept unjustified premium hikes but I guess many people do not bother and the companies rely on inertia.

solarsailor · 30th March 2021, 11:55

In a previous post on this thread I mentioned that I was expecting my renewal quote very soon and it duly arrived. The price had risen from the £183.97 I paid last year to the £192.83 my insurance provider wants for the upcoming year. I did the rounds on comparison sites and got identical cover (with a lower excess) for £135.61. Result!

Rogue · 30th March 2021, 12:50

Quote:

Originally Posted by solarsailor

In a previous post on this thread I mentioned that I was expecting my renewal quote very soon and it duly arrived. The price had risen from the £183.97 I paid last year to the £192.83 my insurance provider wants for the upcoming year. I did the rounds on comparison sites and got identical cover (with a lower excess) for £135.61. Result!

At least your renewal quote was pretty close to your existing policy but still proves the point to shop around!

FrattonEnder · 30th March 2021, 16:11

Always follow Martin Lewis' mantra and don't auto renew.

When looking for a new provider, the sweet spot is between 4 and 2 weeks before. Too early and the quote will be higher, leave it too late and it will be higher. And don't just use comparison sites as Direct Line and Aviva don't use them.

Insurance companies don't have to justify their price hike, they can do what they want and all of them rely on inertia. If we're lazy enough not to shop around, then they'll sting us. My home insurance quote went up by £120 this year, but I saved £200 by pooling it on a multi insurance policy with the cars.

There is meant to be an investigation by the FCA into what's known as 'price walking' (slowly upping the price of your insurance year by year). Guess we can lean on our MPs to make sure this happens

Brunty · 12th April 2021, 17:44

Insurance renewal today, gone up from £382 to £424, phoned to ask why and could they do better as been a loyal customer for over 16 years. Told me that maximum no claims discount has dropped from 75% to 51% due to changes of broker. No thanks! Called my local broker, now insured on better terms, protected no claims and 3rd party for driving other cars for £262.00 with legal protection. Cannot believe how much I must have overpaid in the past. Well worth a phone call.

torque2me · 12th April 2021, 19:23

Quote:

Originally Posted by Brunty

Insurance renewal today, gone up from £382 to £424, phoned to ask why and could they do better as been a loyal customer for over 16 years. Told me that maximum no claims discount has dropped from 75% to 51% due to changes of broker. No thanks! Called my local broker, now insured on better terms, protected no claims and 3rd party for driving other cars for £262.00 with legal protection. Cannot believe how much I must have overpaid in the past. Well worth a phone call.

Going through a broker is well worth it in the majority of cases, especially if one has a, lets say, a blemished record.

Breakdown/recovery, legal fees, protected NCB et al all come at a cost as the insurer will "lay off" an amount of the premium to cover these "free" additions.

Kev

28th March 2021, 14:23	#11
Lear Regular poster MGZT-T Join Date: Mar 2021 Location: Westerham Posts: 61 Thanks: 11 Thanked 8 Times in 7 Posts	Insurance rates Premiums should be coming down because motoring has been way down during COVID so claims way down. I guess they will put up citing mor3 claims on their business disruption policies. Yes, do not accept unjustified premium hikes but I guess many people do not bother and the companies rely on inertia.

30th March 2021, 11:55	#12
solarsailor Posted a thing or two 75 Saloon 1.8T Club SE Join Date: Jun 2016 Location: Colchester Posts: 1,225 Thanks: 87 Thanked 653 Times in 344 Posts	In a previous post on this thread I mentioned that I was expecting my renewal quote very soon and it duly arrived. The price had risen from the £183.97 I paid last year to the £192.83 my insurance provider wants for the upcoming year. I did the rounds on comparison sites and got identical cover (with a lower excess) for £135.61. Result! __________________ This vehicle was born on Wednesday June 4th 2003 @ 08:24:38 This vehicle was the 73,905th 75 to run off the production line, out of 112,381 This vehicle was the 1,862nd 75 1.8 T Club SE to be made out of 3,980 This vehicle was the 6,856th 75 in Wedgewood Blue to be made out of 7,515 Wedgewood Blue 75s

30th March 2021, 16:11	#14
FrattonEnder Avid contributor MG ZT Join Date: May 2020 Location: Gloucester Posts: 233 Thanks: 40 Thanked 47 Times in 28 Posts	Always follow Martin Lewis' mantra and don't auto renew. When looking for a new provider, the sweet spot is between 4 and 2 weeks before. Too early and the quote will be higher, leave it too late and it will be higher. And don't just use comparison sites as Direct Line and Aviva don't use them. Insurance companies don't have to justify their price hike, they can do what they want and all of them rely on inertia. If we're lazy enough not to shop around, then they'll sting us. My home insurance quote went up by £120 this year, but I saved £200 by pooling it on a multi insurance policy with the cars. There is meant to be an investigation by the FCA into what's known as 'price walking' (slowly upping the price of your insurance year by year). Guess we can lean on our MPs to make sure this happens __________________ Serial Longbridge owner - Rover 213SE, Rover 216GTi, Rover 416 SLi, MG ZS 120+, MG ZT CDTi, MG ZT-T 190. Flies in the ointment - Ford Mondeo Mk4 CDTi Zetec, MINI Cooper 1.6

12th April 2021, 17:44	#15
Brunty Loves to post Rover 75 Saloon Join Date: Mar 2017 Location: Newtown Posts: 415 Thanks: 273 Thanked 95 Times in 65 Posts	Insurance renewal today, gone up from £382 to £424, phoned to ask why and could they do better as been a loyal customer for over 16 years. Told me that maximum no claims discount has dropped from 75% to 51% due to changes of broker. No thanks! Called my local broker, now insured on better terms, protected no claims and 3rd party for driving other cars for £262.00 with legal protection. Cannot believe how much I must have overpaid in the past. Well worth a phone call.