Car Insurance Address change (extortionate increase on premium)

Monies

vaio wrote: »

If I was the OP I think I'd be doing dummy quotes to see if an extra £300/£230 month is a realistic increase for the change of address and if it's not then go down the complaint/FOS route

Just did a check (with my exact details, i.e. No "no claims bonus") and my insurer came up with £2200! The cheapest was just above 2k.

Seems that my postcode is indeed in a high risk area.

raskazz

david39 wrote: »

If you look up your old postcode on

http://www.motorcarinsuranceuk.co.uk/post-code-ratings.php

you can see in what risk category the insurance company will be placing it.

Compare it with the risk factor for your new postcode and see if there is a difference.

That will guide you as to whether you have significantly increased the risk by moving.

For the love of god will people stop posting that blimming list!

It is:

(a) Only one insurer's perception
(b) A motorcycle rating file not a car rating file
(c) Very old - most car insurers will now use the full postcode to rate including related external data (eg MOSAIC), with significantly more categories than A-F (more along the lines of 1-100).

hcb42

It's got me as A so I like it

vaio

Monies wrote: »

Just did a check (with my exact details, i.e. No "no claims bonus") and my insurer came up with £2200! The cheapest was just above 2k.

Seems that my postcode is indeed in a high risk area.

So the new address quote is £2200, do the same for your existing address and the difference will tell you whether the extra £300/£230 per month they are asking is a reasonable reflection of the additional risk or your insurer taking unreasonable advantage of the fact that you are a captive existing customer

Archergirl

Is there a broker you could go to, they may be able to get you a better deal.

gigsworth

My insurance premium was £670 for being parked in an L1 postcode secure car park. I moved 600m to another apartment in L1 and have been told they are taking a further £731 (110% increase). They claim there is a massive increase in risk profiles.

However if I do an online quote for the two areas I can see the previous address comes up more expensive for otherwise identical quotes - making their claim of a higher risk profile clearly rubbish.

What is interesting is that all quotes on my car are more expensive than they were two months ago when I took out the policy. They are obviously passing on a price rise disguised as a 'risk profile' change with address

The horrible cheating insurance company - Admiral...stay well clear of these crooks!

vaio

as above...run two dummy quotes with admiral, one for the old address and one for the new and if the relative premiums don't broadly equate with the increase you have been quote then it looks like they are unfairly taking advantage of your "captive punter status".

This isn't allowed and can be resolved by the formal complaint route followed by referral to the FOS if required

gigsworth

vaio wrote: »

as above...run two dummy quotes with admiral, one for the old address and one for the new and if the relative premiums don't broadly equate with the increase you have been quote then it looks like they are unfairly taking advantage of your "captive punter status".

This isn't allowed and can be resolved by the formal complaint route followed by referral to the FOS if required

That's exactly what I've done - my two dummy quotes show the newer place to be lower. Admiral are clearly trying to cheat me.

vaio

so complain & refer to FOS if they don't see sense

gigsworth

planning on it - will see if they are any use...