edited 30 November -1 at 1:00AM in Insurance & Life Assurance
8 replies 2.9K views
Watch the renewal tactics for this company. My policy renews on 30th June and I was invited to renew with a premium increase of 87%, despite a no claims record. If I hadn't noticed this, the policy would have simply renewed at the new increased price. I called them to cancel and was immediately offered a renewal at an increase of around 10%. It seems that they offer policies at unsustainable introductory premiums then increase the premium dramatically at renewal, hoping customers simply allow the policy to roll over at the new premium through direct debit. I still cancelled as I think this is a poor way to treat customers but if you still want to renew, make sure you call them first!