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Car insurance Rip Off
thecasementkid
Posts: 45 Forumite
Had my son's renewal from Admiral today. He's young (22) and last year his premium was just over £1000. This year it came in at £1208 so taking Martin's advice I checked on the usual websites and Elephant came up with a price of £760. After checking I had entered the same details, I called Admiral to cancel the automatic renewal etc.
I guess I was expecting them to look again at their price and when I told them I was going with Elephant, they reminded me it was a "sister" company and they'd look at the quote I'd received. I was shocked when she not only matched the price ("saving" £468) but lowered it a further £15. Of course I'm very happy, but with a sour taste in the mouth that others could be ripped off by such huge sums. If there was another unconnected company with a similar quote, I'd probably choose them as I don't like dealing with people who operate like this.
I guess I was expecting them to look again at their price and when I told them I was going with Elephant, they reminded me it was a "sister" company and they'd look at the quote I'd received. I was shocked when she not only matched the price ("saving" £468) but lowered it a further £15. Of course I'm very happy, but with a sour taste in the mouth that others could be ripped off by such huge sums. If there was another unconnected company with a similar quote, I'd probably choose them as I don't like dealing with people who operate like this.
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Comments
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Thats just shopping around, not a rip off at all. Its down to the customer to decide if the policy is a suitable price to pay.0
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its no rip off, if you take out an auto-renew policy, your the mug.
always take the renewal, check it on the web. ive bought new, with the same company, as a new customer, then cited themselves for the no claims history and got nearly 1/2 price in the past.Target Savings by end 2009: 20,000
current savings: 20,500 (target hit yippee!)
Debts: 8000 (student loan so doesnt count)
new target savings by Feb 2010: 30,0000 -
Cannot see a rip off in what has been written.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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