Car insurance renewal rip off

maxmycardagain

shop 14 days before your renewal, any less and the quotes are higher

why?.....cos they think theyuve got you over a barrel

maxmycardagain

john_holmes said:

I have renewed with LV, £30 cheaper than last year, my loyalty reward, but in their follow-up satisfaction questionnaire I have asked them on what customer criteria do they base their TV advert that can give a very unlikely £219 p/a premium, in my case I am recently widowed, 77 year old, clean licence, no claims for way over 15 years, most unlikely to reach the 4,000 max mileage, car [Citroen C3 Picasso Diesel] locked in a garage overnight, brought out a couple of times a week for shopping yet the renewal is £503, could this be called a rip-off, it is in my book, PS comparison sites were similar so no point changing

your age is the problem, im 69 and paying £600 tpft on a 1.7 sportage worth £6000

Jenni_D

maxmycardagain said:

shop 14 days before your renewal, any less and the quotes are higher

why?.....cos they think theyuve got you over a barrel

I'm sure I've read that 21 days beforehand is the sweet spot for cheapest quotes.

400ixl

motorguy said:

Nicvodka said:

Just had renewal quote for car insurance with Admiral. What a rip off. Its more than last years. Thought it was supposed to be the same or cheaper. Decided to go elsewhere.  Just be careful with renewal quotes. Please shop around u will save money which we all want. Just wanted to warn people.

They are not allowed to quote you more than they would for a new customer.  Thats not the same as it has to be the same or cheaper.

Its also murkier than that. They must not do that per market channel.

So an emailed quote can be a different price to an online quote which can be a different price to a telephone quote.

k12479

john_holmes said:

I have renewed with LV, £30 cheaper than last year, my loyalty reward, but in their follow-up satisfaction questionnaire I have asked them on what customer criteria do they base their TV advert that can give a very unlikely £219 p/a premium, in my case I am recently widowed, 77 year old, clean licence, no claims for way over 15 years, most unlikely to reach the 4,000 max mileage, car [Citroen C3 Picasso Diesel] locked in a garage overnight, brought out a couple of times a week for shopping yet the renewal is £503, could this be called a rip-off, it is in my book, PS comparison sites were similar so no point changing

77? So your reactions and senses are not what they were, and ain't going to be getting any better.

4000 miles/yr? Not a lot, less than average, so you'll be less proficient with your car and with driving in differing conditions than the average.

Garage? Probably only a matter of time before a scrape occurs.

That's why your premium is not £219. Although £503 doesn't seem too bad.

DullGreyGuy

maxmycardagain said:

john_holmes said:

I have renewed with LV, £30 cheaper than last year, my loyalty reward, but in their follow-up satisfaction questionnaire I have asked them on what customer criteria do they base their TV advert that can give a very unlikely £219 p/a premium, in my case I am recently widowed, 77 year old, clean licence, no claims for way over 15 years, most unlikely to reach the 4,000 max mileage, car [Citroen C3 Picasso Diesel] locked in a garage overnight, brought out a couple of times a week for shopping yet the renewal is £503, could this be called a rip-off, it is in my book, PS comparison sites were similar so no point changing

your age is the problem, im 69 and paying £600 tpft on a 1.7 sportage worth £6000

Why are you buying TPFT? Have you quoted for comp @maxmycardagain? Its often the case that TPFT is more expensive than Comp

lordmountararat

john_holmes said:

I have renewed with LV, £30 cheaper than last year, my loyalty reward, but in their follow-up satisfaction questionnaire I have asked them on what customer criteria do they base their TV advert that can give a very unlikely £219 p/a premium, in my case I am recently widowed, 77 year old, clean licence, no claims for way over 15 years, most unlikely to reach the 4,000 max mileage, car [Citroen C3 Picasso Diesel] locked in a garage overnight, brought out a couple of times a week for shopping yet the renewal is £503, could this be called a rip-off, it is in my book, PS comparison sites were similar so no point changing

That does seem a lot. I am the same age (well, I'm 78) as you and paid £265 (net of a £20 rebate for prompt payment). I have had a clean licence since 1963. My car is kept on a driveway overnight, located in Somerset, £300 excess. What's more, I have an electric car (Fiat 500e) which are supposed to be more expensive to insure.