Crazy renewal quote following motoring claim

tomkil

paddyandstumpy wrote: »

5 reasons combine to have given this load (imo):

1. Reduction in NCB from 9 years to 3 years
2. Addition of a fault claim loading
3. IPT up from 9.5% to 12% (assuming renewal was June onwards)
4. General rate increases in the market
5. As a renewal, removal of the 'new customer discount' (assuming you shopped around and joined them last year)

Who is the insurer? And was it via a Broker? If so there could be a 6th reason too;

6. Broker offered reduced commission last year to secure the business, which they aren't doing this year.

Yep, through a broker. The insurer was Ageas - who only work through brokers I understand.

Spoke to my broker who gave me some waffle about the impact of losing several years' NCB. When I asked what was the percentage value of the NCB - how much of a difference it made to the premium - they hadn't a clue.

You get the impression they just make it all up.

Anyway, I've got a quote for £266 from another insurer which is much more palatable.