My insurance is way cheaper than quotes

Ianmorris

Can anyone explain whats happeing here? My current car insurance with Elephant is £330 for 10 months and thats with 6 years no claims and a £250 excess. Ive tried a few price comparrison websites to see if I could get it bit cheaper but the cheapest I've been quoted is almost double what I currently pay. I tried Aviva and their '12 weeks free car insurance' offer and even that came to £900 - less the 12 weeks, bringing it down to £700!! As a little experiment I got an online qoute from Elephant as a new customer (baring in mind that's whom I'm with now) and they quoted me £550. I know there is a lot of room for haggling with the insurance companies but from what I can tell, for once, it almost pays to stay loyal to an insurance company and that if you are trying to find a new insurance provider they are going to try and rip you off.

mikey72

You won't say that when the renewal comes through at £950.
But if Elephant are still the cheapest, go for it, just make sure they match the new customer price.

Quote

mikey72 wrote: »

... just make sure they match the new customer price.

Why not "make sure" they beat it?

mikey72

I'm not greedy.
I've always said insurers will sell insurance for a price they can make a profit on.
If they can offer a price to new customers, and make a profit on it, they should offer the same price to existing customers, and not try to overcharge on renewals.
So always shop round, and go for the best deal.