ChatterBank2 mins ago
Renewal notice more expensive than price comparison website
Insurer X sends renewal notice advising premium will be £650 -this includes proof of 8 years NCB.
I go on price comparison website and insurer X comes up with £450 (prices range from £400 with other insurers). I'd be quite happy to stick with X at £450-do I simply click through, take out policy under ref 1234, cancel renewal under ref 5678 and send the proof of NCB from policy 5678 back to the insurer?
I go on price comparison website and insurer X comes up with £450 (prices range from £400 with other insurers). I'd be quite happy to stick with X at £450-do I simply click through, take out policy under ref 1234, cancel renewal under ref 5678 and send the proof of NCB from policy 5678 back to the insurer?
Answers
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I had to same problem, my renewal quote was £485 but the same company was £265 on a comparison site. I phoned the company and told them what I had found and they immediately agreed to renew at the cheaper price.
They are just robbing b@rstards , they rely on the fact that a lot of people just do not bother to shop around and just pay what they ask, it is called...
They are just robbing b@rstards , they rely on the fact that a lot of people just do not bother to shop around and just pay what they ask, it is called...
19:01 Mon 07th Nov 2011
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Quite the reverse Hopkirk! Loyalty is openly punished. The insurers quote low to get punters on board then hike the premium after a year in the hope that apathy will let them get away with it. The comparison sites and the net generally have changed the way the insurers work. As humble punters we must optimise too! I saved a hundred quid by adding the Mrs as a named driver last time, can't imagine why that made it less of a risk!
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