Home Insurance Costs
Discussion
Got my renewal price from my insurer and they have doubled my premium from £505 to over £1023. I assumed this was just the normal rip off for existing customers, but stunned to find when using the comparison sites that I can't get a single quote below £1000. On money supermarket, only offered 3 quotes. No change in my circumstances, no claims, no floods or anything like that, excesses also set to the max.
WTF is going on, anyone else finding this?
WTF is going on, anyone else finding this?
Yes, ours went up a fair bit as well.
I did see something that said that the insurance companies are basically price gouging at the moment and that if you go and look at the big insurance company annual results, you’ll see that they are making record profits…..
Not quite sure what the alternative options for the poor consumer is though…
I did see something that said that the insurance companies are basically price gouging at the moment and that if you go and look at the big insurance company annual results, you’ll see that they are making record profits…..
Not quite sure what the alternative options for the poor consumer is though…
mikeiow said:
That doesn’t bode well…ours is due in 2 months 
£330 last year with “HomeProtect” (underwritten by Axa, so probably as bad as anyone else!).
Don’t forget to use TopCashBack - gave a further £60 back to us.
Does topcashback still have insurance company offers? I used to swap companies every year to take advantage of reducing the bill via cash back. However when I looked at my car renewal a few months back aviva / admiral weren’t doing any offers. Something to do with the ruling that existing and new customers will be charged the same? £330 last year with “HomeProtect” (underwritten by Axa, so probably as bad as anyone else!).
Don’t forget to use TopCashBack - gave a further £60 back to us.
cashmax said:
Got my renewal price from my insurer and they have doubled my premium from £505 to over £1023. I assumed this was just the normal rip off for existing customers, but stunned to find when using the comparison sites that I can't get a single quote below £1000. On money supermarket, only offered 3 quotes. No change in my circumstances, no claims, no floods or anything like that, excesses also set to the max.
WTF is going on, anyone else finding this?
Same for us.WTF is going on, anyone else finding this?
Our house contents insurance was up for renewal in March. In 2023 Axa charged £650. For 2024 they quoted £1264. I queried this and I was told this was because it was legacy policy, ie one acquired by acquisition several years ago, to which I replied that I don't think they want my business anymore after 31 years with the same insurer. They agreed!
Eventually got identical cover with Admiral for £410.
Can't wait to August to see the insurer's quote for house buildings insurance.
R.
thepritch said:
Does topcashback still have insurance company offers? I used to swap companies every year to take advantage of reducing the bill via cash back. However when I looked at my car renewal a few months back aviva / admiral weren’t doing any offers. Something to do with the ruling that existing and new customers will be charged the same?
I use TCBs own comparison site,got £33 on home insurance and £45 on car, both this year thepritch said:
mikeiow said:
That doesn’t bode well…ours is due in 2 months
£330 last year with “HomeProtect” (underwritten by Axa, so probably as bad as anyone else!).
Don’t forget to use TopCashBack - gave a further £60 back to us.
Does topcashback still have insurance company offers? I used to swap companies every year to take advantage of reducing the bill via cash back. However when I looked at my car renewal a few months back aviva / admiral weren’t doing any offers. Something to do with the ruling that existing and new customers will be charged the same? £330 last year with “HomeProtect” (underwritten by Axa, so probably as bad as anyone else!).
Don’t forget to use TopCashBack - gave a further £60 back to us.
I *always* renew insurance via there. Home/Car.
Inevitably the best prices you can get, & indeed usually the best cashback deals available are on insurance.
Sure, a few insurers aren't on their - Direct Line, probably others - I have occasionally checked them, but they are (quelle surprise!) never close to what TCB finds.
cashmax said:
Got my renewal price from my insurer and they have doubled my premium from £505 to over £1023. I assumed this was just the normal rip off for existing customers, but stunned to find when using the comparison sites that I can't get a single quote below £1000. On money supermarket, only offered 3 quotes. No change in my circumstances, no claims, no floods or anything like that, excesses also set to the max.
WTF is going on, anyone else finding this?
Mine went up about 20%, but I’m still paying £600 for a G2 listed house of very unusual design with unlimited rebuild costs (house value £400k, rebuild cost in the realm of ‘god knows’).WTF is going on, anyone else finding this?
cashmax said:
Got my renewal price from my insurer and they have doubled my premium from £505 to over £1023. I assumed this was just the normal rip off for existing customers, but stunned to find when using the comparison sites that I can't get a single quote below £1000. On money supermarket, only offered 3 quotes. No change in my circumstances, no claims, no floods or anything like that, excesses also set to the max.
WTF is going on, anyone else finding this?
I had same and found policyexpert to so much cheaper, think they going for market share at moment so under cutting, also get £20 voucher and £50 referral fee.WTF is going on, anyone else finding this?
PostHeads123 said:
I had same and found policyexpert to so much cheaper, think they going for market share at moment so under cutting, also get £20 voucher and £50 referral fee.
Been with them a few years now and their renewal price was the same as the lowest quote on compare the market.mikeiow said:
Oh lawks yes!!
I *always* renew insurance via there. Home/Car.
Inevitably the best prices you can get, & indeed usually the best cashback deals available are on insurance.
Sure, a few insurers aren't on their - Direct Line, probably others - I have occasionally checked them, but they are (quelle surprise!) never close to what TCB finds.
I’ll keep trying then as usually I’m the one to wax lyrical about tcb to all my friends. I sort of gave up hope after not finding any decent offers / deals a few months back, …. thank you I *always* renew insurance via there. Home/Car.
Inevitably the best prices you can get, & indeed usually the best cashback deals available are on insurance.
Sure, a few insurers aren't on their - Direct Line, probably others - I have occasionally checked them, but they are (quelle surprise!) never close to what TCB finds.
PostHeads123 said:
I had same and found policyexpert to so much cheaper, think they going for market share at moment so under cutting, also get £20 voucher and £50 referral fee.
My renewal quote with Policy Expert (due this month) was almost 40% higher than last year's premium. Shopping around got the increase down to 'just' 20%. I used Go Compare again, because of the free £250 excess cover that it offers.Gassing Station | Finance | Top of Page | What's New | My Stuff