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Car insurance - general query
JohnBravo
Posts: 274 Forumite
Hi All,
I hope you are well.
I always hear from people that when your car insurance is about to expire you should change your insurance company. This way you will get a cheaper deal, because apparently current insurers keep increasing charges not decreasing them.
The thing is that when I use any of the comparison websites my current insurer is still showing as one of the cheapest - LV+
What am I doing wrong?
Please advise.
Thank you
I hope you are well.
I always hear from people that when your car insurance is about to expire you should change your insurance company. This way you will get a cheaper deal, because apparently current insurers keep increasing charges not decreasing them.
The thing is that when I use any of the comparison websites my current insurer is still showing as one of the cheapest - LV+
What am I doing wrong?
Please advise.
Thank you
0
Comments
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Nothing, if its the cheapest you stay with them0
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Have you had your renewal quote yet? You may find that while the comparison site shows them as cheap, your renewal will be inflated and more than if you were a new customer. If you get a like for like new quote with the same insurer and their renewal quote is more, ask them to match
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
Nasqueron you are absolutely right.Have you had your renewal quote yet? You may find that while the comparison site shows them as cheap, your renewal will be inflated and more than if you were a new customer. If you get a like for like new quote with the same insurer and their renewal quote is more, ask them to match
The new quote is inflated for about £150.
Do they always match the price?
I could also wait for it to expire and buy a new one with the same insurer.0 -
I don't even ask them to match it, just decline the renewal AFTER taking up the new cheaper quote when that happens.
Get quotes 4, 3 and 2 weeks out from renewal as prices will vary. Then take cheapest quote - they are valid for 28 days.Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.0 -
Mr.Generous wrote: »I don't even ask them to match it, just decline the renewal AFTER taking up the new cheaper quote when that happens.
Get quotes 4, 3 and 2 weeks out from renewal as prices will vary. Then take cheapest quote - they are valid for 28 days.
Be careful with this, not all are valid for 28 days...0 -
Some are valid for 30 days, a few for 60 and many for less than a week! Please don't leave yourself without insurance cover, even for one day, it is illegal to drive without it, as I am sure you know.
Bizarrely, our insurer, Hastings, has been the cheapest for the fourth year running and, even more bizarrely, the renewal price was cheaper than the quote for a new customer. Go figure.0
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