Home Insurance Renewals

[MatsyLR]

Just renewed my home insurance policy using Go Compare and managed to renew it with Policy Expert for £100 less than what my current provider Privilege quoted me.

I spoke to Privilege and let them know that even on a comparison site I found it less than their renewal offer, the agent didn't seem too interested so I said let it lapse and not renew.

Ended up paying just under £218 with contents insurance which is more than £50 less than last year.

Compare the Market were about £20 more expensive for the same provider and cover, which I found strange and going direct to Policy Expert was even more expensive, bizarre how they provide quotations.

Third parties will always be cheaper than direct for insurance for the most part, same with mobile contracts, broadband etc it's just how third parties work. They get commission on sales and don't really care what price they sell at is.

 

[gort]

My renewal quote came through and it has jumped 50%, the blurb says:

"Don’t forget – based on the same details, your renewal quote will never be more than the price of a new customer quote from us."

That's true.... if I go direct and pay the stupid price. They come up on the comparison sites for the cover as around the same as I was already paying.

I didn't waste my time calling them going through the quote again to try and get them to match a cheaper quote I got elsewhere.

Don't think I've ever stayed with the same home insurer two years in a row because of how they set up their renewal quotes.

 

[gc123]

just trying to sort ours out now... surprising how many dont seem to cover storm damage, the quote from aviva has gone up just over 100 quid so still looking.

 

[Vanquish-Storm]

Ours is due soon renewal was £70 more than last year. Doesn’t seem a lot but it’s a big % increase