Crosswords4 mins ago
Insurance companies – don’t you just hate them!!!
Out of bed early Sunday morning, need to sort out my house & contents insurance, due at the end of the month.
Have been sent a ‘reminder’ from my current insurer that renewal is due – and that I need do nothing if I want to policy to be continued at a cost of just over £200 for the coming year.
This seems a large increase on my previous year’s premium, so I logged on to my current insurers website for a quote. Sure enough, for the same cover, the price quoted was £85. So I will be canceling the automatic renewal, and taking up the website quoted price, with saving of £115.
Clearly insurance companies are taking their customers for a ride – don’t accept any insurance policy renewal price without checking out the market.
Have been sent a ‘reminder’ from my current insurer that renewal is due – and that I need do nothing if I want to policy to be continued at a cost of just over £200 for the coming year.
This seems a large increase on my previous year’s premium, so I logged on to my current insurers website for a quote. Sure enough, for the same cover, the price quoted was £85. So I will be canceling the automatic renewal, and taking up the website quoted price, with saving of £115.
Clearly insurance companies are taking their customers for a ride – don’t accept any insurance policy renewal price without checking out the market.
Answers
1 to 3 of 3
Best Answer
No best answer has yet been selected by Hymie. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
It is also best to check your own company - as indeed Hymie has done. The silly so-and-so's don't seem to realise that it's sooooo much easier to keep an existing customer than find new ones.
Never found THAT much of a discrepancy, but have regularly caught out the Churchill bulldog at the same game.
Never found THAT much of a discrepancy, but have regularly caught out the Churchill bulldog at the same game.
Last year I went with Direct Line and saved around £150 ... a couple of months ago they sent me the renewal which had gone up by 33%.
I phoned up and said I wanted to cancel because of the increase ... they asked if I had a better quote. I said '' not at the moment, but I will have ... after a few minutes on compare the market'' ...
I was then asked how much I expected to pay for the cover I had last year. My reply was not a penny more than I paid last year.
Hang on the caller said ... a couple of minutes past and she came back with a new premium ... 40p a month more than last years premium.
I then said if they can do it at last years price I wont even look at Compare the market,
They signed me up, there and then ... at last years price.!
I phoned up and said I wanted to cancel because of the increase ... they asked if I had a better quote. I said '' not at the moment, but I will have ... after a few minutes on compare the market'' ...
I was then asked how much I expected to pay for the cover I had last year. My reply was not a penny more than I paid last year.
Hang on the caller said ... a couple of minutes past and she came back with a new premium ... 40p a month more than last years premium.
I then said if they can do it at last years price I wont even look at Compare the market,
They signed me up, there and then ... at last years price.!
1 to 3 of 3
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.