Car insurance renewal - Can I use Quidco?

csrivats

My car insurance is with Lloyds TSb and its due to expire end of this month (Feb,07).
I have received the renewal letter from them but I wondering if I can sign with Lloyds TSB via quidco as a new customer.(as they pay £125 via Quidco)

As I have 4 years no claim I would expect them to ask a proof in which case I would send them back the renewal letter I received from them

Has anyone done this?
Will this cause any problem?

tom188

Are you sure you cant get cheaper insurance from another provider without quidco? If the LTSB insurance is more than £125 dearer than the cheapest quote then you are missing out anyhow, and if you are going to go to this effort, why not check that you get the best deal. To many the thought of "cashback" distorts their judgement.

You should contact LTSB to ask whether you can apply for a new policy online rather than your renewal. The answer, along with any other relevent terms and conditions will tell you whether you can get the cashback or not.

They may only allow you to get a quote from scratch if you allow the insurance lapse, but then you will have no insurance.

Astaroth

Most insurers do allow you to cancel (though you need to call them to tell them if you are on auto-renewal) and buy as a new customer again however you lose the "benefits" of being an existing customer (higher cancellation costs, more chance of claims being investigated for fraud, less chance of being given the benefit of the doubt etc)

Obviously it is up to you to decide if the issues of being a new customer or the savings is better for you.

tightrs

i did this with lloyds tsb last year although it was only £80 with quidco then .i told them over the phone i was going to do it this way just in case i got the money and they were fine with it .
the new quote was a lot less than the renewal and was the cheapest quote i got any way so i considered the £80 an extra bonus (if i got it ) .
i was over the moon when it tracked then paid .