Motor insurance premiums up 30%?

Mildly_Miffed

Brie said:

what is tiresome is that it's all a game (if you know what I mean)  They say £XXX and we say no so they say £XX and we say ok.

Yes, when I cancelled my auto-renew, they played that game. And I did not say "OK". I never do.

Altior

Brie said:

what is tiresome is that it's all a game (if you know what I mean)  They say £XXX and we say no so they say £XX and we say ok.  Why can't they just give us their best deal first time round.  If you still want to compare then fine but why do we have to go back and say "well George across the road will give me a better price can you match it?"

If it ain't broke don't fix it!

The majority of people are 'sticky'. Those of a money saving disposition (likely the types to read this forum!), benefit from the sticky people, they fund the annual switchers effectively. So yes I'd rather play the annual game than pay more (the same as the stickies!). Most obvious example being the domestic energy price cap floor. 

matt_drummer

GDB2222 said:

I insured my ancient Volvo last year with Churchill for £250. This year it is due to automatically renew at £326. Nothing has changed. The car is nearly 20 years old, and worth say £3k. 

Have premiums risen by 30% generally? If not, is that rather a cheeky rise, and I need to go through the whole tiresome process of insuring with a different company?

It will cost them less if you kill somebody with it than it would with a newer more valuable car?

GDB2222

Thanks all. I simply ended up moving to AA insurance for £200. That includes breakdown cover. 

I’m sure that, if Churchill had kept the premium at £250, I’d have stayed with them. 

user1977

GDB2222 said:

I’m sure that, if Churchill had kept the premium at £250, I’d have stayed with them. 

Had you asked them?

GDB2222

user1977 said:

GDB2222 said:

I’m sure that, if Churchill had kept the premium at £250, I’d have stayed with them. 

Had you asked them?

Yes. As soon as I said I was leaving they dropped the premium from £325 to £293.  

eschaton

Brie said:

what is tiresome is that it's all a game (if you know what I mean)  They say £XXX and we say no so they say £XX and we say ok.  Why can't they just give us their best deal first time round.  If you still want to compare then fine but why do we have to go back and say "well George across the road will give me a better price can you match it?"

You’re the mug for letting them try to match anything. 

You give them one chance and then go elsewhere if the renewal is too expensive. 

Tree_pipe99

Renewed a few weeks ago with a 40% drop. Same car and cover. 

Stubod

Mine dropped about 20% ths year, (first time it has ever gone down), same insurer as last year, didn't even need to use a comparison site, or have the usual phone call!!.

Most people I know are reporting the same???

strawb_shortcake

My renewal came in at £379 down from £414 the previous year. Managed to get a new insurance policy for £285 this I believe is the cheapest I've ever paid in 25 years of driving. Hopefully should also see £45 cashback from quidco too.

When I tried to cancel my renewal, they came back with £339.