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Mid-term Renewal Success Story
WillPS
Posts: 4,369 Forumite
Afternoon all,
Just thought I'd write in with a quick success story. Passed my test last year, took my first policy with Diamond in May 2014. Come renewal, Diamond wanted £1600 to renew - comparison results consistently showed Elephant/Admiral as lowest at ~£850.
Diamond matched their quotes straight up since they're all just trading names of EUI.
Last week went to refresh the quote on Confused.com (didn't change any details), and a new quote came up at ~£650 - again, it was Elephant.
A bit of shopping around and eventually Google Compare returned an Admiral quote at £629.
Rang Diamond who were unwilling to match the quote as they can only do that at renewal time, so I arranged to cancel and after a £49.50 cancellation charge I was due a refund of £700 - so effectively I saved £70 and got an extra 1½ months work of car insurance, the only downside being I lost the extra year of NCB that 1½ months was building towards (not a biggy).
Took the policy with Admiral, raised a case on Resolver with Diamond with regards to the cancellation charge (since I'm still an EUI Limited customer) and now that fee is being refunded too. (They refused initially but agreed after I held my ground.)
Net result - ~£130 cash back in my bank account and an extra ~1.5 months insurance.
I think that probably calls for a rapidly rotating Lewis OBE - :money:
Just thought I'd write in with a quick success story. Passed my test last year, took my first policy with Diamond in May 2014. Come renewal, Diamond wanted £1600 to renew - comparison results consistently showed Elephant/Admiral as lowest at ~£850.
Diamond matched their quotes straight up since they're all just trading names of EUI.
Last week went to refresh the quote on Confused.com (didn't change any details), and a new quote came up at ~£650 - again, it was Elephant.
A bit of shopping around and eventually Google Compare returned an Admiral quote at £629.
Rang Diamond who were unwilling to match the quote as they can only do that at renewal time, so I arranged to cancel and after a £49.50 cancellation charge I was due a refund of £700 - so effectively I saved £70 and got an extra 1½ months work of car insurance, the only downside being I lost the extra year of NCB that 1½ months was building towards (not a biggy).
Took the policy with Admiral, raised a case on Resolver with Diamond with regards to the cancellation charge (since I'm still an EUI Limited customer) and now that fee is being refunded too. (They refused initially but agreed after I held my ground.)
Net result - ~£130 cash back in my bank account and an extra ~1.5 months insurance.
I think that probably calls for a rapidly rotating Lewis OBE - :money:
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