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Cooperative home/building insurance quote really high

I've just had a renewal quote from the cooperative for our home and building insurance which last year was little over £188. There have been no changes, no claims or issues, and I know that these costs are going up through one thing and another. 
But this year's quote is for £1,050! Almost five times the original cost which is astonishing. I did a comparison site quote and everyone else is around £300 upwards. 
I also did an online quote with co-op to see if they had messed up the renewal, and it came out as £1,200. 

What on earth is going on with their home insurance? Is anyone else having similar experiences?

Comments

  • kempiejon
    kempiejon Posts: 472 Forumite
    Part of the Furniture 100 Posts Name Dropper
    They clearly do not want your business.
  • Just entered the details of my parent's house into the co-op website and it came to £2,500 for a home/buildings policy. They don't usually pay more than £400-£500 per year for theirs. 
  • TELLIT01
    TELLIT01 Posts: 17,347 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper PPI Party Pooper
    Maybe Co-op is trying to move out of home/contents insurance and this is their way of encouraging people to go elsewhere.  Shop around and take one of the others you have seen at 1/4 of the price.
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