Apart from Admiral anyone had a covid reduction in insurance
Discussion
FCA now asking icar nsures to look ar reducing car insurance premiums
From saturday's Times
One of the key things insurers are being asked to do is examine whether they can offer lower premiums to customers because they are now a lower risk, for example on motor insurance, where customers may be driving many fewer miles than before.
AA certainly aren't looking at this renewed on !1th April sat on drive since unused and likely to stay like this. Say they will look into at renewal time.
Anyone had any success at getting a reduction or been offered a significant renewal quote since covid lockdown
From saturday's Times
One of the key things insurers are being asked to do is examine whether they can offer lower premiums to customers because they are now a lower risk, for example on motor insurance, where customers may be driving many fewer miles than before.
AA certainly aren't looking at this renewed on !1th April sat on drive since unused and likely to stay like this. Say they will look into at renewal time.
Anyone had any success at getting a reduction or been offered a significant renewal quote since covid lockdown
Elephant gave us the £25 refund, but promptly put insurance up by £200 on renewal!
Unfortunately looking on comparison sites it seems to have gone up across the board - I've not changed anything on the policy since last year and yet looking at a 25% rise. I'm suspicious they are trying to find raise to replenish losses due to business continuity policies. (If they actually paid anyone out)
Unfortunately looking on comparison sites it seems to have gone up across the board - I've not changed anything on the policy since last year and yet looking at a 25% rise. I'm suspicious they are trying to find raise to replenish losses due to business continuity policies. (If they actually paid anyone out)
Not car insurance, but a neighbour mentioned their top-of-the-range Miele bean to cup coffee machine had broken. It's out of original warranty but they pay £18 a month (!) for next-day home repair or replacement if not repairable.
Company refuses to send a repair-man due to Covid, won't supply a new machine until they've inspected the old one, and won't part-refund premiums paid since lockdown either.
Company refuses to send a repair-man due to Covid, won't supply a new machine until they've inspected the old one, and won't part-refund premiums paid since lockdown either.
Knoxville2410 said:
I spoke to BMW insurance on live chat, they advised that because they don't charge any admin fees for amending/cancelling policies, they won't offer any refunds. They then offered to reduce my mileage if I wasn't using it.
Seems like a bit of a cop out!
Same response for me with Mini (same BMW insurance) car done less than 100 miles since end of February, policy renews new week. Advisor rang me to ask if renewing said car hardy being used reducing mileage hardy made any difference-suggested try 400 miles p.a. response was that this would put insurance up because I driving experience minimal despite me advising him that would be using another car.He did run thro all the benefits of the policy and surprisingly it does include key cover, courtesy car and various other items than can be add ons wth other insurers. Also excess was lot less than that got on quotes from comparison sites, increase this by £200 (total £350) and premium reduced by £40. Left for time being but decent quote compared to ones on comparison sites. They also hold price until AA and Saga who advise quote only valid for 24hrs and then bump it up significantly when you go back to them.Seems like a bit of a cop out!
Making very slow progress with AA on 2nd car but not got definite answer its like pulling teeth.
Apparently car insurers will save £1 billion from reduced claims but looks as if they all trying to hang onto it.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff