Car Insurance
Author
Discussion

SPS

Original Poster:

1,306 posts

286 months

Monday 23rd July 2012
quotequote all
Every advertisement tells us ALL that we can get anything from 30% to 70% off the price when you join up!!!!!!!
OFF WHAT!!!!
What is the "rate card" for insurance - well I sure as hell don't know even though I ask the question every time - I never do get an answer that makes any sense at all.
Then when the second years renewal comes along (even if you have not claimed) it suddenly goes up by a margin! When I ask about this I'm told that they underwrote the policy for the first year to be seen as competitive, so they can't do that twice.
It's just something that's bugged me for years.
Answers on a post card as I have a very short attention span - ha, ha.
Steve

ZOLLAR

19,920 posts

199 months

Monday 23rd July 2012
quotequote all
There is a set premium each insurer starts off with, with each piece of information provided the price would go up or down.
After all info is provided the amount left is the premium.

(the above is a simple explanation)

That first amount will vary per insurer and wouldn't be disclosed for obvious competative reasons.

HTH sort of.