Paying too much

edited 30 November -1 at 1:00AM in Insurance & Life Assurance
4 replies 667 views
duralidurali Forumite
68 Posts
Part of the Furniture 10 Posts Combo Breaker
edited 30 November -1 at 1:00AM in Insurance & Life Assurance
I'm not sure if this is the right forum to post.
Yesterday I managed to search comparison sites as suggested on this site. The great news is that I've saved £300 a year. Fantastic!!
However, I know it's my own fault for not checking sooner but due to various illnesses and issues I didn't check.
I'm wondering if there's any possibility I'd be able to claim back the money I've obviously been overpaying?

Replies

  • zx81zx81 Forumite
    32.9K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
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    No.

    You haven't been overpaying.

    You've been paying the agreed price between you and the supplier.
  • QuentinQuentin Forumite
    40.4K Posts
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    durali wrote: »
    However, I know it's my own fault for not checking sooner but due to various illnesses and issues I didn't check.
    I'm wondering if there's any possibility I'd be able to claim back the money I've obviously been overpaying?

    Are you saying you didn't check your bank statement and have now discovered the overpayment?


    If so contact your Bank (if you paid by direct debit) and use the DD guarantee to get the overpayment refunded.


    If you used another method to pay then contact the insurer and point out the overpayment and ask for a refund


    (But if you started this thread because you have had an eyeopener on how to shop around for cheaper insurance and discovered a saving, then no chance of getting any previous premiums paid refunded because you think you could have gone elsewhere cheaper)
  • ReardoaReardoa Forumite
    155 Posts
    Unless you are within a 14 day cooling off period with your current insurer and you want to cancel simply because you have found a cheaper alternative its very unlikely they will agree a return
  • mgfvvcmgfvvc Forumite
    730 Posts
    Ninth Anniversary 500 Posts Name Dropper
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    If you are saying that you have changed to a cheaper policy on renewal and you want to reclaim some of the premium from the precious policy then the answer is no.

    They might have price matched when you bought or renewed the policy, but only then. A year later, they won't.
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