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Motor Insurance renewal AXA

I receive my motor insurance fully comprehensive renewal price from AXA today It has increased from £470 to £1130 which I find exorbitant. I did have a claim the first one in 20 years.The incident was my fault no one else involved no injuries. I do have a protected no claims written into my policy. So how can they justify such an increase What is the point of paying for a NCD

Comments

  • TadleyBaggie
    TadleyBaggie Posts: 7,252 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper

    NCD remains the same, the underlying premium price has clearly ri most likely as you are now seen as a higher risk.sen

  • Woodstok2000
    Woodstok2000 Posts: 2,011 Forumite
    1,000 Posts Second Anniversary Name Dropper

    Your NCD is a discount. If your risk goes up, your premium will go up and will cost more even with the same NCD. Shop around, you might be surprised what other insurers will offer.

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