Home insurance renewal

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geordiepaul2001
geordiepaul2001 Posts: 318 Forumite
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in Insurance & life assurance
Hi all,

My renewal is through at £230, yet when I check moneysupermaket I can get cover for £130 with the same provider!!
Can I cancel the renewal and take out a policy with them via moneysupermarket to start the same day?

Paul
June 2016 - Pair of Brooks Glycerin 14's
July 2016 - Annual family pass to English Heritage
August 2016 - overnight spa break with dinner and breakfast for two
September - BBQ toolbox

Comments

  • Quentin
    Quentin Posts: 40,405 Forumite
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    Yes - presumably you don't have auto renewal?? (If so notify them now you don't want it!)
  • geordiepaul2001
    geordiepaul2001 Posts: 318 Forumite
    First Post First Anniversary
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    Quentin wrote: »
    Yes - presumably you don't have auto renewal?? (If so notify them now you don't want it!)

    Great stuff, thank you
    June 2016 - Pair of Brooks Glycerin 14's
    July 2016 - Annual family pass to English Heritage
    August 2016 - overnight spa break with dinner and breakfast for two
    September - BBQ toolbox
  • gettingtheresometime
    gettingtheresometime Posts: 6,911 Forumite
    First Anniversary Name Dropper First Post I've been Money Tipped!
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    Mum had exactly the same issue with her home insurance.


    Phoned the company who brought her renewal quote down by £70 but was still £30 more than the new policy quote. They wouldn't budge so I told them not to renew and we'd take out a new policy.


    Absolute madness
  • superbigal36
    superbigal36 Posts: 734 Forumite
    First Post Name Dropper First Anniversary Combo Breaker
    edited 13 June 2017 at 1:14PM
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    I actually played this out with Tesco last night.
    He was able to reduce the renewal to only £4 above Tesco's direct "new customer" price.
    For me this was good enough to renew.
    2 points to note
    1. the advisor was absolutely happy to tell me to cancel and renew as a new tesco customer
    2. the existing policy renewal is actually for an "obsolete" product. The current offering is slightly "better", but the "better" points would never impact me. Ie Buildings cover was £1million now unlimited.

    I would also advise being extremely cautious if renewing/starting afresh using the "comparison sites"
    In this particular case the comparison sites have so many more questions than Tesco itself.
    It brought the price down even "lower" using them.
    As an example on Tesco the question around door and window locks is singular.
    Therefore although I have 5 Lever Mortice on doors but a few windows have no locks the answer is NO.
    The comparison site pulled through my 5 Lever Mortice on doors YES and Locks on windows NO as YES on the Tesco quote.
    Poor IT in my opinion and clearly dangerous for the lazy amongst us.
  • Quentin
    Quentin Posts: 40,405 Forumite
    edited 13 June 2017 at 2:42PM
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    superbigal36 wrote: »
    I actually played this out with Tesco last night.
    He was able to reduce the renewal to only £4 above Tesco's direct "new customer" price.
    For me this was good enough to renew.
    2 points to note
    1g. the advisor was absolutely happy to tell me to cancel and renew as a new tesco customer ......

    You could have got cashback if you went for the brand new policy.(eg. £40 @ Quidco)

    Is it too late to cancel and start again?
This discussion has been closed.
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