Policy renewal question!

kinger8938

kinger8938

kinger8938

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Joined
23 Mar 2011
Posts
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hey guys, my policy renewed yesterday automatically, they did email a while back but I thought I had a few days to go. the price is a bit high I expected it to be less.

So I would like to look for a quote elsewhere and see if I can find a better deal, when I got the car quotes were about £50 a month, but I had to add the car to my existing policy for the last 2 months just to still get my no claim for that year. which made the last 2 months £70 each :O but I thought to get the year no claims I may aswell keep it running.

so I was expecting the renewal to be more like £50 a month really, but it came in at £68. this is with elephant.

I haven't rang as im at work but do I still have time to sort something out?
 
They will typically come in way higher come renewal time if you let them automatically renew.

I'd suggest there's a cooling off period of some kind which will enable you to back out of it. I'd also suggest ringing them rather than asking here :p
 
I've had them take early in the past so you get continuous cover, but if its on or after the date then I doubt you can do much. Auto renewals are never the best price so its worth calling them to see what they can do, get some other quotes like for like before you do so you can make a case against it if its exceedingly high
 
14 day cooling off period from when cover starts (assuming you received the docs before that). Bear in mind you may get hit with an admin fee however.
 
Just run a quote with a slightly different name through their system, see what the price should be and insist they make your current policy match up

If they refuse cancel, then take it back out immediately
 
rodenal said:
Just run a quote with a slightly different name through their system, see what the price should be and insist they make your current policy match up

If they refuse cancel, then take it back out immediately
Click to expand...

Good idea mate, will do some quoting this evening! Usually im not too fussed but the usual method i do is get a quote from them near renewal and they then match it instead of the crap renewal price :) just completely forgot this time

14 day cool off rings a bell but yea admin fee could suck :(, as i say nornally i dont worry to much but got a baba on the way this year so every little saving will help i think!

(Probably shouldnt have got the car :D)
 
Auto renewals are always silly

Mine was 1100 from Admiral, got them down to 800 but they wont budge.
Went with a competitor, 650 all mods declared, fully comp on my DoC aspect too :)

My mums renewal is tomorrow, Admiral wanted 460 off her, she tried and haggled them down to 340. A few checks around and shes now paying £175 for the year with £35 tracked cashback
 
Per month?

Get quotes for yearly prices, they can drop considerably. Then if that is a fairly large sum that you can't pay off in one go, put it on a 0% credit card.

After doing this for two years, I then started putting away ~£25 per month, so now when I come to renewal, I just pay it off in one go. No need for credit card.


My advice is find the best quote you can, then call Chris Knott insurance, for me, they've matched/beaten any quote I've found.

This year we paid just £500 combined for my Integra and the wife's Yaris.
 
Auto renewal is the first thing I check and request be disabled as soon as I start a new policy. In the old days you could cancel within the cooling off period but nowadays most companies have cottoned onto this admin fee to cancel which is a pain but if it saves you more money then the admin fee go for it.
 
Auto renewals really are the worst. I set mine to auto cancel instead, they still sent me a renewal quote of £348-> £394. Got a quote on their website, exactly the same details £322. :o:(
 
My auto renewal for this year was £100 more than it was last year...

Phoned them up to cancel some health cover (no idea why it was on there) and they managed to knock a bit off, then gave me a "loyalty" discount and got it back down below what I wanted to pay.

Unless you phone up they try and take the mick.
 
Always run a quote as a new customer with the likes of Elephant, Admiral, Bell etc. Then ring up and give them that quote reference and watch them mystically price match it.
 
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