Insurance renewal rip off

zak2012

Hello,i paid £500 last year but i got renewal letter asking for £1200 total rip off because i didnt make any claims,so i cheaked on moneysupermarket and same company shows for £490 ,so my question is can i call them and reject renewal letter and buy this cheaper one when i call i give them ref of online one?do they just accept this cheaper one ? its same company evrything same , thanks

rich13348

Are they the cheapest on moneysupermarket. If not go with new company. There is loyalty with insurance companies.

Car_54

Why would you want to reward them by giving them another penny, let alone £490?

zak2012

Car_54 wrote: »

Why would you want to reward them by giving them another penny, let alone £490?

Yes they come up cheapest on list, if i call and tell them about online one do they accept it or they still ask for thier renewal rip off price?thanks

reeac

Call them and tell them about the lower quotation. Seems eminently reasonable to expect them to go for it. Unfortunately many insurance companies try to sneak in big increases when it comes to renewal time, hoping that the customer won't notice. I don't mind a 5 percent increase but if it's a big one I consult the Meercat and go elsewhere, then tell the previous company that I'm not renewing with them. I won't spend time haggling with them.

Aretnap

They may well match the online price when you call them up. If they don't, you can still tell them where to stick their renewal on the phone, then go back online and buy the policy at the online price.only downside of doing it that way is that you might end up having to send them their own renewal letter as proof of no claims discount (if they ask for proof of NCD don't assume that you don't have to send it unless you want them to cancel the policy - that would be putting far too much faith in the ability of the different departments to talk to each other).

zak2012

Aretnap wrote: »

They may well match the online price when you call them up. If they don't, you can still tell them where to stick their renewal on the phone, then go back online and buy the policy at the online price.only downside of doing it that way is that you might end up having to send them their own renewal letter as proof of no claims discount (if they ask for proof of NCD don't assume that you don't have to send it unless you want them to cancel the policy - that would be putting far too much faith in the ability of the different departments to talk to each other).

So i have to send NCD even if i stay with them? they should have it on thier system. do. i need to mention this when or if they accept online price ?

zak2012

I have another question please. i had one year no claim discount from my last insurer it was 2013 so last year when i joined this company they accepted it. so since last year i earned one more year NCD . so my question is do i have 2 years no claim discount now or i have one only from this year? im confused. thanks

Aretnap

zak2012 wrote: »

So i have to send NCD even if i stay with them? they should have it on thier system. do. i need to mention this when or if they accept online price ?

They don't always ask to see it, but if they do you have to send it. if you phone them you might be able to get them to confirm it from their own system instead, but in that case ask them to confirm that they don't need to see the paper copy. What you must not do is do nothing and simply assume that they'll check themselves.

Your renewal notice should state how many years NCD you have. Generally it will be the amount you had when you started the policy plus the number of years the policy has been running, assuming you've been claim free that all that time.

Aretnap

Car_54 wrote: »

Why would you want to reward them by giving them another penny, let alone £490?

If £490 is the best value he can find, why not? Choosing a more expensive policy from another company out of some misguided sense of principle is just cutting off his nose to spite his face, especially as that other company will have exactly the policy and will also charge renewing customers more than new customers.

Inner_Zone

zak2012 wrote: »

So i have to send NCD even if i stay with them? they should have it on thier system. do. i need to mention this when or if they accept online price ?

If posting the NCD is issue accept their £1200 renewal and save 63p.