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Admiral Saying I Owe Them £85 to Cancel Car Insurance Renewal



  • DullGreyGuyDullGreyGuy Forumite
    4.5K Posts
    1,000 Posts Name Dropper
    Switching banks is very complex, people can have 100+ DDs, SOs, regular payees/payers etc, it makes sense that a switching service is necessary especially if you, as a regulator, want to increase competition and movement.

    Car insurance is exceptionally easy to switch, vast number of customers already switch every year. No need to invest billions in an industry wide switching service for a market that already has movement and competition. 

    Its simple... letter says we will renew unless you tell us otherwise... you have to tell them
  • dunstonhdunstonh Forumite
    113.2K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Seeing what a scandalous rinse most UK insurance actually is now, perhaps Martin or one of his senior moderators can 'have a word' with whatever car insurance ombudsman the U.K. 'employs' see if there is a way to assist rather than rip off consumers.
    How is it a rip off?

    How about a 'switching' service so that customers are not exploited by car insurers who literally don't give a toss, money collected ... if have an accident we cash in, if you don't have an accident we cash in and don't reduce your premiums because we have a licence to print money. Throw out arbitrary numbers for renewal fees based on a post code lottery and coin it in regardless of individuals driving ability.
    Are you suggesting policies should renew each year and people given the price who can then choose to shop around for alternative and move to them if they wish?  Something as simple as telling the existing insurer that they are not going to renew and applying with the new one?

    Why collaborate with customers when you can obfuscate and collude with your competitors to keep prices high and then tie people in legal knots and threaten this action or another (debt recovery services) so you can make a mint finding ways to tax/thieve having provided literally no service whatsoever.
    Car insurance is at historically low levels.

    Based on the above advice I will unfortunately have to pay the insurance for a service I didn't require (already insured) to ensure some 'friendly' debt recovery bloke or blokette don't pay me a visit.
    Here is a novel idea for you.  Read the letter that was sent to you.   It is amazing how much you can learn if you open your post and read it.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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