20% rise in premiums for 200 yard move - extortionate?

BigCraigJohn

Rang up esure to tell them about 3 points on my license, I had moved round the corner recently as well so thought I'd better update this.
Points were no issue, won't affect price however ive moved 20 seconds round the corner, has altered from driveway to private carpark and the price has gone up £10 a month. That's over 20%.
Someone remind me why I bothered to do the right thing?

Am I in position to dispute this or do I just have to accept it?

passatrider

Your risk has gone up because it's in a private car park for starters - more at risk from theft etc. You may also find that a change in postcode will have an effect on your premuim too.

I guess you either cancel and go elsewhere or wait for renewal then do a price comparison then. I would not hold out much hope though as my insurance has just gone up 20% this year, yet my circumstances have not changed.

BigCraigJohn

Madness.
Well I might have a quick shop around, no doubt there cancelation fees will be ott aswell.

BigCraigJohn

Wow just had a look on a comparison site and got £394 rather that £600+ where I am. That's certainly worth paying the £55 cancelation.

Quote

How much were you paying before the changes and when is your policy due for renewal?

BigCraigJohn

Was paying £41

10 months left

Sorry if any of my numbers don't add up, it's all off the top of my head

Col7777

I've always thought this 'Where you live' thing is slightly wrong, you may live in what is classed as a good area and pay a low premium but you may work in a high risk area and your car is there all day and in a private car park.
I live in a fairly high risk area so my insurance is high, my daughter moved a while ago to an area that I thought was an even higher risk but her insurance went down.
I agree that if the car is left in a private car park it is more likely to get broken in to than on your drive but that can happen when you go shopping and you park the car, some private car parks have a card key system so that only the card key holder can drive in and out so the car itself is less likely to be stolen than if it was on your drive.

BigCraigJohn

I guess they have a system and there's no disputing it.
I've had a look at the lower quote with RSA and it doesn't have windscreen, courtesy car etc or any of the other bits I'd probably miss so I think I'll just leave it.

Quentin

BigCraigJohn wrote:

That's certainly worth paying the £55 cancelation.

Before you cancel, ask them to confirm in writing to you the total cost to you if you cancel (as the £55 they have quoted you sounds "cheap" for a policy just 2 months old being paid in instalments)

BigCraigJohn

Quentin wrote: »

Before you cancel, ask them to confirm in writing to you the total cost to you if you cancel (as the £55 they have quoted you sounds "cheap" for a policy just 2 months old being paid in instalments)

I'm going to leave it for the reasons above anyway. However I did find it in writing on there site, didn't say anything regarding the time other than it was cheaper if you canceled after the first year.

dunstonh

Was paying £41

10 months left

Sorry if any of my numbers don't add up, it's all off the top of my head

If the amendment charge is £55, then £5.50 of that £10 increase is due to the admin charge. £4.50 is due to the premium change due to higher risk.

If you pay another £55 charge for cancellation then its going to cost you more than the increase.