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  • FIRST POST
    • geordiepaul2001
    • By geordiepaul2001 11th Jun 17, 4:30 PM
    • 294Posts
    • 207Thanks
    geordiepaul2001
    Home insurance renewal
    • #1
    • 11th Jun 17, 4:30 PM
    Home insurance renewal 11th Jun 17 at 4:30 PM
    Hi all,

    My renewal is through at £230, yet when I check moneysupermaket I can get cover for £130 with the same provider!!
    Can I cancel the renewal and take out a policy with them via moneysupermarket to start the same day?

    Paul
    June 2016 - Pair of Brooks Glycerin 14's
    July 2016 - Annual family pass to English Heritage
    August 2016 - overnight spa break with dinner and breakfast for two
    September - BBQ toolbox
Page 1
    • Quentin
    • By Quentin 11th Jun 17, 5:11 PM
    • 32,403 Posts
    • 16,500 Thanks
    Quentin
    • #2
    • 11th Jun 17, 5:11 PM
    • #2
    • 11th Jun 17, 5:11 PM
    Yes - presumably you don't have auto renewal?? (If so notify them now you don't want it!)
    • geordiepaul2001
    • By geordiepaul2001 11th Jun 17, 5:58 PM
    • 294 Posts
    • 207 Thanks
    geordiepaul2001
    • #3
    • 11th Jun 17, 5:58 PM
    • #3
    • 11th Jun 17, 5:58 PM
    Yes - presumably you don't have auto renewal?? (If so notify them now you don't want it!)
    Originally posted by Quentin
    Great stuff, thank you
    June 2016 - Pair of Brooks Glycerin 14's
    July 2016 - Annual family pass to English Heritage
    August 2016 - overnight spa break with dinner and breakfast for two
    September - BBQ toolbox
    • gettingtheresometime
    • By gettingtheresometime 12th Jun 17, 9:22 AM
    • 2,580 Posts
    • 5,673 Thanks
    gettingtheresometime
    • #4
    • 12th Jun 17, 9:22 AM
    • #4
    • 12th Jun 17, 9:22 AM
    Mum had exactly the same issue with her home insurance.


    Phoned the company who brought her renewal quote down by £70 but was still £30 more than the new policy quote. They wouldn't budge so I told them not to renew and we'd take out a new policy.


    Absolute madness
    Lloyds OD / Natwest OD / PO CC / Wescott cleared thanks to the 1 debt v 100 day challenge


    Next on the list - the Argos Card!
    • superbigal36
    • By superbigal36 13th Jun 17, 1:12 PM
    • 642 Posts
    • 355 Thanks
    superbigal36
    • #5
    • 13th Jun 17, 1:12 PM
    • #5
    • 13th Jun 17, 1:12 PM
    I actually played this out with Tesco last night.
    He was able to reduce the renewal to only £4 above Tesco's direct "new customer" price.
    For me this was good enough to renew.
    2 points to note
    1. the advisor was absolutely happy to tell me to cancel and renew as a new tesco customer
    2. the existing policy renewal is actually for an "obsolete" product. The current offering is slightly "better", but the "better" points would never impact me. Ie Buildings cover was £1million now unlimited.

    I would also advise being extremely cautious if renewing/starting afresh using the "comparison sites"
    In this particular case the comparison sites have so many more questions than Tesco itself.
    It brought the price down even "lower" using them.
    As an example on Tesco the question around door and window locks is singular.
    Therefore although I have 5 Lever Mortice on doors but a few windows have no locks the answer is NO.
    The comparison site pulled through my 5 Lever Mortice on doors YES and Locks on windows NO as YES on the Tesco quote.
    Poor IT in my opinion and clearly dangerous for the lazy amongst us.
    Last edited by superbigal36; 13-06-2017 at 1:14 PM.
    • Quentin
    • By Quentin 13th Jun 17, 2:40 PM
    • 32,403 Posts
    • 16,500 Thanks
    Quentin
    • #6
    • 13th Jun 17, 2:40 PM
    • #6
    • 13th Jun 17, 2:40 PM
    I actually played this out with Tesco last night.
    He was able to reduce the renewal to only £4 above Tesco's direct "new customer" price.
    For me this was good enough to renew.
    2 points to note
    1g. the advisor was absolutely happy to tell me to cancel and renew as a new tesco customer ......
    Originally posted by superbigal36
    You could have got cashback if you went for the brand new policy.(eg. £40 @ Quidco)

    Is it too late to cancel and start again?
    Last edited by Quentin; 13-06-2017 at 2:42 PM.
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