New regulation on car insurance (good news?)

Man of Honour
Joined
25 Oct 2002
Posts
30,263
Location
Hampshire
You run a new business quote with the same details / cover you have on your renewal; if the NB quote is significantly lower then there is something fishy going on as that shouldn't happen any more.
 

EVH

EVH

Don
Joined
11 Mar 2004
Posts
29,983
Location
Wales
It’s just a way to legalise price fixing at a higher cost. Well played.
 
Soldato
Joined
10 Mar 2012
Posts
2,985
BBC published an article on this yesterday https://www.bbc.co.uk/news/business-59741141


The way this is worded, they are reporting it as fact not opinion.

If your renewal is due in January, get a quote locked in today.

Mine's due Jan 5th.

I've already sorted my renewal though.

Renewal invite was only £6 less than last year so I called and said no thanks, can I have my proof of NCB letter. Agent on other end asked if I would let him look at bettering it. Came back with a quote, £400 LESS than the renewal invite. (£823) for the exact same policy as the previous year & threw in key cover as an apology for the "absurd renewal invite price".
 
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