Got my insurance renewal quote. It's gone up £75!

biron_w

biron_w

biron_w

Soldato
Joined
10 Apr 2009
Posts
8,864
Location
Super Leeds
What?! I've made no claims,I haven't even rung them for anything. And obviously I now have one more years no claims. Yet my premium was £447 last year and the renewal price they've given me is £525!
What the hell is going on?! Surely it should have gone down.
Looks like i'm going to have to arse about ringing around and playing insurance companies off each other:mad:
 
Haven't you seen the other weekly threads regarding this subject? They rely on people being lazy and taking the first renewal quote - shop around.
 
Mine done that also.

Called them up went down by quite a fair bit. Just give them a call, they know a lot of people won't bother.
 
I am going to ring them. There's no way i'm renewing a price when it's gone up.
I just think it's ridiculous they've even given me and increased price:mad:
 
Have you never had an insurance renewal before? It will always be higher, as the lazy or busy will just let it renew rather than shop around.
 
biron_w said:
I am going to ring them. There's no way i'm renewing a price when it's gone up.
I just think it's ridiculous they've even given me and increased price:mad:
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I still don't understand why you're angry.

You won't go into a Starbucks and pay £10 for a sandwich, as next door Costa will do it for £6, or cheaper still, down the road cafe will do it for £3. Naturally you'd look around to see which is cheapest before you buy your sandwich, or most products for that matter.

Why did you think it's different for car insurance? :confused:
 
It's not the fact i've got to shop around. I just don't see how they can give me a quote that is more than I paid for last year. Seems like a silly policy if they want to keep their customers.
 
biron_w said:
It's not the fact i've got to shop around. I just don't see how they can give me a quote that is more than I paid for last year. Seems like a silly policy if they want to keep their customers.
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Is this your first ever renewal? Do you not 'get' how insurance companies work?
 
West said:
I love people that whinge at having to pay £500 for Insurance lol
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Why? £500 is a fair whack of money, if you are paying more it is usually because your are:

a)Young
b)Live in ***** town
C)Drive a fast car

If none of the above apply £500 is steep, although it doesn't excuse the OPs minimal grasp of insurance renewal.
 
I've had 4 renewals, 3 of which have been more than what I paid the previous year. Only the last one has the renewal been cheaper, and that was only by £20.

Rule 1. Never renew!
 
Have you not heard of confused.com / moneysupermaket.com / etc.?

You should always at least use these even if the renewal is cheaper than before.



M.
 
Bell did this a few months ago. Renewal quote was £500 more than the old one.

I did a quote as a new customer on their website, it was about £500 LESS than my old one and told them. Didn't even need to argue, she just honored it and renewed it at that price.

Lesson: Some people are so lazy/stupid they will renew at whatever price and it's easy money for the ICs.
 
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