Annual insurance shuffle - Standard practice?
Discussion
My car insurance is up for renewal.
BMW E91 335d. 10000 mile/year. Age 34 with 8 years NCD. Typically pay around £650 in a single payment for fully comp.
However, every time my insurance renewal comes up, the price is hiked to over £1000. I end up on comparison websites and eventually find one I'm happy with, back around £650.
This means for around the last 5/6 years I haven't stayed with an insurer for more than 1 year. I've reached the point where if I'm asked, I couldn't tell you my insurer without checking my emails...
Is this standard practice, or am I missing something? Surely with my NCD increasing, my premiums should be reducing.
My only thought is these insurers are enticing me with a reduced price, and relying on me blindly renewing.
Ideally I'd like to find an insurer I can stick with and, without claiming, see my premiums reduce annually.
BMW E91 335d. 10000 mile/year. Age 34 with 8 years NCD. Typically pay around £650 in a single payment for fully comp.
However, every time my insurance renewal comes up, the price is hiked to over £1000. I end up on comparison websites and eventually find one I'm happy with, back around £650.
This means for around the last 5/6 years I haven't stayed with an insurer for more than 1 year. I've reached the point where if I'm asked, I couldn't tell you my insurer without checking my emails...
Is this standard practice, or am I missing something? Surely with my NCD increasing, my premiums should be reducing.
My only thought is these insurers are enticing me with a reduced price, and relying on me blindly renewing.
Ideally I'd like to find an insurer I can stick with and, without claiming, see my premiums reduce annually.
I do often request for my renewal company to match what I've found, but I've had no joy yet. The problem seems to be the renewal price is usually in the region of 50-60% higher than what I find on comparison sites (and 50-60% higher than their own price the previous year...)
I have moved to Esure again this year. The last 7 years have included Admiral, Esure, Legal & General, Direct Line, Hastings plus others I forget.
Seems to be the same farce with each of them:
Quote about £600-700 for policy, up it by about 60% for renewal, refuse to match another quote of £600-700, move to new insurer, repeat...
Oh well, at least it's only once a year
I have moved to Esure again this year. The last 7 years have included Admiral, Esure, Legal & General, Direct Line, Hastings plus others I forget.
Seems to be the same farce with each of them:
Quote about £600-700 for policy, up it by about 60% for renewal, refuse to match another quote of £600-700, move to new insurer, repeat...
Oh well, at least it's only once a year
Edited by triggerhappy21 on Wednesday 22 March 13:42
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