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Insurers pledge fairer premiums for long-term customers
Oakdene
Posts: 2,560 Forumite
The insurance industry has pledged to crack down on "excessive" differences in premiums for new customers and existing policyholders.
The plan aims to iron out some of the controversial big differences between premiums for new and existing clients.The move follows new rules that force firms to display the previous year's premium on renewal notices.
The new guidelines apply to home, motor and travel insurance, but not pet or health cover.
Article in full here http://www.bbc.co.uk/news/business-44039846
The plan aims to iron out some of the controversial big differences between premiums for new and existing clients.The move follows new rules that force firms to display the previous year's premium on renewal notices.
The new guidelines apply to home, motor and travel insurance, but not pet or health cover.
Article in full here http://www.bbc.co.uk/news/business-44039846
Dwy galon, un dyhead,
Dwy dafod ond un iaith,
Dwy raff yn cydio’n ddolen,
Dau enaid ond un taith.
Dwy dafod ond un iaith,
Dwy raff yn cydio’n ddolen,
Dau enaid ond un taith.
0
Comments
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This pledge should not be an excuse for not continuing to look at the whole market at each renewal for the best deal at the time, then comparing it with this "ironing out" pledge.0
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It is absolutely disgusting - had my home insurance renewal today from halifax - they wanted £340, 25% increase on last year. I rang them to question this and they offered a £16 discount
I then entered my details as a new customer and now have the exact same cover for £199.40
Unfortunately i have fewer options as there was a historical subsidence claim on this house 20 years ago!0 -
If they are prepared to offer you cover as a new customer with this subsidence claim in the history others may do so0
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This is good news for lazy people who put little effort into their fiances finances, but bad news for people who shop around to get the best deals who get cheaper insurance effectively subsidised by the lazy people.0
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This is good news for lazy people who put little effort into their fiances,.
You should always put an effort into your fiance - he might change his mind.
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Clifford_Pope wrote: »You should always put an effort into your fiance - he might change his mind.
depends what kind of effort though:rotfl:"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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