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Home insurance - Cost increase of 50% + £56!!

paneersteve

paneersteve Posts: 2 Newbie

First Post

10 April 2024 at 11:01AM in Insurance & life assurance

I'm with Policy Expert and my home insurance renewal quote is a massive 50% increase on last year plus it would cost £56 extra to pay by direct debit. I'd read that increases were about 20%. I have emailed them to ask them to justify the increase but have had no reply. What is going on?

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Comments

Ayr_Rage Posts: 2,428 Forumite

10 April 2024 at 11:05AM

Such is life with both home and car insurance right now.

Time to get on the comparison sites and shop around.

1
Hoenir Posts: 6,859 Forumite

10 April 2024 at 11:09AM

By direct debit do you mean monthly rather than paying a lump sum on renewal. Spreading the cost incurs interest and other admin fees.

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Robin9 Posts: 12,692 Forumite

10 April 2024 at 12:18PM

My PE increase was 22% in March , paid as a lump sum.

Never pay on an estimated bill. Always read and understand your bill
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