Insurance renewal rip off

custardy

Aretnap wrote: »

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.

Well theres more to insurance than price.
For a what 120% difference,I wouldnt mind paying another company a bit more.
Its the same (for me) for Amazon. They simply price match or beat by pennies. I will go with the company genuinly driving down the price.

Car_54

custardy wrote: »

Well theres more to insurance than price.
For a what 120% difference,I wouldnt mind paying another company a bit more.
Its the same (for me) for Amazon. They simply price match or beat by pennies. I will go with the company genuinly driving down the price.

Indeed. If more people refused to go along with these unethical practices they might change their ways. They treat their customers with contempt, and most of us seem to roll over and accept it.

savemoney

I never renewal insurance with same company. Last year used Tesco for car insurance obviously a broker and I got cashback. Now I have used Aviva this time around starting next month again with cashback, and along with renewal difference I save around £100 and my insurance isnt expensive as I have many years NCD. When I took off cashback i actually only paid £90 and comes with PNC and legal protection

arcon5

Well not everybody wants to change the world come insurance renewal time. Like me, many just want to take out the cheapest policy with minimal inconvenience and not try to join a minority in 'punishing' different companies for their dubious practices.

Just phone them, cancel the auto renew to let the policy expire, then take out the new policy. If they ask for you to send them documentation just scan the renewals document and email it to them and be done with it. Easy

EdGasket

Won't the company say the online quote is discounted for NEW customers and that you have to have not been with them for at least a year to get the NEW price?

robbies_gal

mine was cheaper online but the matched it when i phoned up

Rambosmum

Not unless it's in the terms and conditions of the new quote, which is highly unlikely.

Call them, they match the online price. If not cancel it and buy the new one. It's simple.

EdGasket wrote: »

Won't the company say the online quote is discounted for NEW customers and that you have to have not been with them for at least a year to get the NEW price?

dannyrst

it's the way anything and everything works.

If you have a 24 month phone contract, your payments are the same on month 25 as they were before, yet you've paid off what you owe for the phone (effectively) and you should be dropped to a SIM only level of payment. That doesn't happen though.

Similarly with breakdown, insurance etc etc.

Mix that with the fact you have to actually tell them you don't want to continue your policy/contract and its a perfect situation for the businesses.

scooby088

I have the same every year always more expensive atleast a couple of hundred at most more, i always end up going on the comparison sites and always get the cheaper one.

i have in occasion phoned to haggle but they couldnt get to the online quote.

dannyrst

scooby088 wrote: »

I have the same every year always more expensive atleast a couple of hundred at most more, i always end up going on the comparison sites and always get the cheaper one.

i have in occasion phoned to haggle but they couldnt get to the online quote.

In the past, I have simply rung a company and told them a number well below that of my quotes I'd received and they agreed to match it.