Car insurance renewal
Discussion
I'm usually a believer of shop around and you'll find a cheaper price than renewal for your car insurance.
Just had my renewal price, and having checked price comparison websites I'm unable to get even close to my renewal figure. With the new law on insurance companies not being allowed to charge more for renewals than new customers, is anyone else finding that their renewal is often the cheapest quote on offer?
Just had my renewal price, and having checked price comparison websites I'm unable to get even close to my renewal figure. With the new law on insurance companies not being allowed to charge more for renewals than new customers, is anyone else finding that their renewal is often the cheapest quote on offer?
aturnick54 said:
I'm usually a believer of shop around and you'll find a cheaper price than renewal for your car insurance.
Just had my renewal price, and having checked price comparison websites I'm unable to get even close to my renewal figure. With the new law on insurance companies not being allowed to charge more for renewals than new customers, is anyone else finding that their renewal is often the cheapest quote on offer?
Yes. Just had my renewal price, and having checked price comparison websites I'm unable to get even close to my renewal figure. With the new law on insurance companies not being allowed to charge more for renewals than new customers, is anyone else finding that their renewal is often the cheapest quote on offer?
I recently renewed and all new quotes were at least £250 more than my renewal, prior to me speaking to them.
Surprisingly when i spoke to the insurance company about wanting to renew and if that was their best price, they came down an extra £50.
Mark V GTD said:
Same here. My LV quote was significantly less than the comparison sites, around 20%.
LV are so random, I've had that happen in the past then this year, big jump. Lady on the phone said, in an almost conspiratorial way, "try doing a new quote".It was 20% cheaper and, whle she said it's simply because it's the latest version of their policy, I gave it a good looking at and couldn't see any difference in cover and key T's & C's.
Monkeylegend said:
My LV renewal quote was £260 ish up from £175.
I changed to Saga for £175.
My renewal quote last year was around £400 from my then provider (a £125 uplift); I moved to Churchill who offered £250. Their renewal for this year (just the other day) was £280, best quote I found was esure for £185. Churchill wouldn't even try to match the quote.I changed to Saga for £175.
I think I've had an out-of-the-box competitive renewals maybe once or twice in the 21 years of driving. Shopping around is still the name of the game for me at least.
parabolica said:
Monkeylegend said:
My LV renewal quote was £260 ish up from £175.
I changed to Saga for £175.
My renewal quote last year was around £400 from my then provider (a £125 uplift); I moved to Churchill who offered £250. Their renewal for this year (just the other day) was £280, best quote I found was esure for £185. Churchill wouldn't even try to match the quote.I changed to Saga for £175.
I think I've had an out-of-the-box competitive renewals maybe once or twice in the 21 years of driving. Shopping around is still the name of the game for me at least.
I use Keith Michaels for both of mine. To be fair, they did not come in the lowest this year, but the difference was ~£20 and the service I receive from them is always second to none. I've done two reg plate changes this year that would cost me £50 elsewhere, gratis to update both of my policies at Keith Michaels.
Gary is likely on here as I'm told he's a big Scooby fan.
Gary is likely on here as I'm told he's a big Scooby fan.
Sheepshanks said:
Mark V GTD said:
Same here. My LV quote was significantly less than the comparison sites, around 20%.
LV are so random, I've had that happen in the past then this year, big jump. Lady on the phone said, in an almost conspiratorial way, "try doing a new quote".It was 20% cheaper and, whle she said it's simply because it's the latest version of their policy, I gave it a good looking at and couldn't see any difference in cover and key T's & C's.
Our renewals came in recently for both cars at a net increase of around £120.
I shopped about, using the new Money Saving Expert tool and got both for a net saving of £100 over this year, i.e. £220 saved versus sticking with the renewals.
YMMV, and all that, but there are still deals to be had in shopping around.
I shopped about, using the new Money Saving Expert tool and got both for a net saving of £100 over this year, i.e. £220 saved versus sticking with the renewals.
YMMV, and all that, but there are still deals to be had in shopping around.
I kind of broke the model this year, by going multi insurance.
When renewing house insurance, which was already competitive on comparison site. It reduced by £50 for each car added.
So moved mine & wife’s car to them & reduced house insurance by £100. Each car pro-rata was less than existing price for the same cover. Eg mine was about £100 for 6 months, wife’s £100 for 7 months. They take that when the cars existing expires later in the year.
So next Feb the house + 2 cars will be aligned.
Only drawback, 3 to pay at once, or 3 to switch if they hike it up!
When renewing house insurance, which was already competitive on comparison site. It reduced by £50 for each car added.
So moved mine & wife’s car to them & reduced house insurance by £100. Each car pro-rata was less than existing price for the same cover. Eg mine was about £100 for 6 months, wife’s £100 for 7 months. They take that when the cars existing expires later in the year.
So next Feb the house + 2 cars will be aligned.
Only drawback, 3 to pay at once, or 3 to switch if they hike it up!
Last year I paid around £800 for both my Fiesta and 350Z (£500 and £300 respectively). This year is was £500 for the pair, split down the middle. I just assumed it was because my NCB on the Fiesta is still quite low as have only had a second policy for 4 years at that point and it’s now starting to ramp up the savings.
This is with Admiral.
This is with Admiral.
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