Insurance deals..

Admiral Huddy

Admiral Huddy

Admiral Huddy

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Joined
17 Feb 2003
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Not a regular to the Motors sections so excuse me if this been asked many times before.

I've just had my insurance renewal from More Than and it's £200 up on last year.. They've put it down to "increased overheads"

Looking at Go Compare this morning, I've been given quotes that are £200 cheaper than I'm paying now and £400 on the renewal I've just been offered from More Than.

Am I right to be a bit sceptical.. All have the same terms, excess, MLP, Protected NCB, no recovery. One of the insurance companies is Privilege. Is there something I'm missing?

What do you think?
 
NEVER accept renewals.

They give you a good introductory price, then hope that you just leave it to automatically renew, when they increase the premiums.

ALWAYS shop around.


[Then, if your renewal IS actually cheaper... accept it]
 
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I always go with the cheapest quote i can get mate but then I only have 3rd party on my old bangers & Never claim for anything. All i want is the Legals.
 
a lot of insurance companies are over charging this year. i have an astra 53 plate - 9 yrs no claims bonus and last year paid £375. this year sams company want £800.

best to look arround all the price comparison websites. eventually knocked dowm to about £450
 
NEVER accept renewals.
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Unless the renewal is £150 less that ANY quote you've managed to get from anywhere else.

Having said that, still phone then up and say **** have quoted me £40 less than you, can you match it? Which they did! Result <thumbs up>
 
I'm shocked really that the price can be so varient, it never used to be.

Then again, an insurance company is only it's worth when a claim needs to be made?
 
My quotes go from 200 quid up to a Grand mate, God knows why but for me Cheap is the Win.
 
My insurance is due for renewal and the renewal came through about 10% higher than I paid last year, ringing round so far is not proving very fruitful :(
 
As it happened, for the first time in ages my renewal quote this year was the cheapest quote I could find.
Admiral gave me a quote I assumed I'd be able to beat - however after trying every other site under the sun I couldn't match it.

Then I noticed First Direct were doing a "We will beat your quote by 10%".
So went along, and indeed they did.
So on the phone to Admiral who immediately knocked off 10% and also threw in 90 days of car hire should my car be a total write-off for free.

So once you've got your best quote, give your current insurer a ring and see if they will match it - so long as you've been happy with their service that is.
 
Has any insurance company actually posted no profit for last year or indeed gone into debt?

For arguments sake I was say it's unlikely, and so all of them will have made profits at least, maybe massive, maybe small and consequently they've either had their targets put higher for this year, or put simply they're greedy and want higher profits for next year. Which is fair enough in a way, they're there to make money.

Anyone else think that because we have to have insurance by law to drive on public highways that a form of regulation by the government should be in place to stop companies extracting the urine out of everyone, some of them really are having a laugh, my 1st bike insurance came in for renewal last year, no accidents (well 1 superficial one, but I repaired it myself) yet they still wanted a renewal price of 80-100% increase from the price I originally paid.
 
Very few insurance companies operate at a direct profit. They mainly aim to break even on money taken vs money paid out; they earn money on the investment of premiums each year.

The Admiral Group are the big exception to this, posting a low combined ratio and thus a strong base profit off premiums... despite being one of the cheapest insurers for a big part of the market in a lot of cases.
 
stoofa said:
As it happened, for the first time in ages my renewal quote this year was the cheapest quote I could find.
Admiral gave me a quote I assumed I'd be able to beat - however after trying every other site under the sun I couldn't match it.

Then I noticed First Direct were doing a "We will beat your quote by 10%".
So went along, and indeed they did.
So on the phone to Admiral who immediately knocked off 10% and also threw in 90 days of car hire should my car be a total write-off for free.

So once you've got your best quote, give your current insurer a ring and see if they will match it - so long as you've been happy with their service that is.
Click to expand...

Snap, I did exactly the same thing this year. First they matched the 10% and I then asked if that was the best they could do.... Cue a "I'll speak to my supervisor" and they then knocked another £25 off :cool:
 
SoliD said:
My insurance is due for renewal and the renewal came through about 10% higher than I paid last year, ringing round so far is not proving very fruitful :(
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You need to barter. My renewal in my ST was £710, this year it went up to £880, after 4 calls to the renewals team, got it down to £697.
Bearing in mind I'm a year older and a set of my points have elapsed it's mind blowing, but it's all being driven by wippy-compo claims.
 
daveydave said:
You need to barter. My renewal in my ST was £710, this year it went up to £880, after 4 calls to the renewals team, got it down to £697.
Bearing in mind I'm a year older and a set of my points have elapsed it's mind blowing, but it's all being driven by wippy-compo claims.
Click to expand...

I will try, but dont think I will have much luck, problem on mine is the modifications, so can't go with the mainstream insurers as they don't want to know.
 
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