Auto renewal with increased premiums

bryanmaiden

I had a home buildings and contents insurance policy for several years that renewed automatically (I received an annual letter/notification) and increased each time. From the docs I have to hand, it went from £57/month in 2007 to £99.50/month in 2013. It was foolish of me not to keep on top of it and shop around, but here is my question: as I never made a claim, never increased the cover level and never had reason to notify the insurer of any increased risk, should the insurer have to justify the ever-increasing premium?

-taff

No.
It's up to you to keep on top of that.
Insurers increase their proces every year...

dunstonh

as I never made a claim, never increased the cover level and never had reason to notify the insurer of any increased risk, should the insurer have to justify the ever-increasing premium?

The insurer is not required to justify anything to you. They offer their terms and you are free to accept them or shop elsewhere.

You haven't factored in any of the things that have led to premium increases. Such as IPT, inflation, increased regulatory costs, increased claims etc.