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Post by myothercarsa2cv on Nov 29, 2016 10:18:05 GMT
So another year of no claims and of course my renewal premium is hiked by £100... but apparently if I send in some screen shots of lower quotes they can beat them. Why not just give me your best price in the first place? Grr. This annual infuriation at insurers screwing over existing customers must take years off of our lives. The only easy renewal is on the 2CV; since it's only £80 a year it's not really worth shopping around for a week  |
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Post by AndyMk2 on Nov 29, 2016 16:28:30 GMT
My renewal quote for the VXR was over £700, went to a different company and got £330 plus the movie tickets.
Insurance makes no sense at all.
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chef
Chats A Bit
Posts: 123 
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Post by chef on Nov 29, 2016 16:42:00 GMT
It does annoy me that insurers push renewal prices up, common sense would say look after the people that haven't claimed and get them to stay, not make them shop around and go elsewhere.
Saying that I'm sure there are a fair few who just renew and don't look into it.
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Post by Dweenimus on Nov 29, 2016 17:27:58 GMT
They wouldn't do it without a reason. So I'm guessing there are more people out there that simply pay up than ones that leave
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Post by AndyMk2 on Nov 29, 2016 17:58:39 GMT
Suppose it keeps call centre staff in jobs
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Post by boringgit on Nov 29, 2016 18:31:30 GMT
The company I was using last year would no longer quote me. My other half was using them also, she saved 50% by getting a policy elsewhere that do a very good scheme for classic cars. I also saved a few hundred going with another company.
When I had a modified mx5, I was getting bum raped every year by Sky, could have saved loads if I'd shopped around I bet.
Plus I have the movies and my mother got a meerkat present.
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Post by tgbshelby on Nov 29, 2016 18:46:50 GMT
I work in insurance and the reason they hike up your price is two fold, 1, they will hike up 20% of their customers renewals on the off chance they will not check and it auto renews voila, lots of money for no work. the second reason is that it costs them more money too keep you as a customer than it does to have new business, so there you have it you are all now in the know
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Post by mplsblack on Nov 29, 2016 20:02:19 GMT
I work in insurance and the reason they hike up your price is two fold, 1, they will hike up 20% of their customers renewals on the off chance they will not check and it auto renews voila, lots of money for no work. the second reason is that it costs them more money too keep you as a customer than it does to have new business, so there you have it you are all now in the know I understand the first part but the second part about costing more to keep current customers seems bonkers, how does that work? |
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Post by tgbshelby on Nov 29, 2016 20:51:05 GMT
Its all to do with risk ratings so it doesn't apply to all, which is why some people get decent renewals from their existing providers. So for example Mr A lives in London and when he took his policy out last year there were x amount of cars stolen/vandalised/damaged. When it comes to renewing his policy that statistic has changed which is a rating factor on your insurance (yeah i know its crazy, but you wouldn't believe some of the rating fields if i told you) so therefor, although hes gone from x% risk of having his car stolen/vandalised/damaged to new figure x, its now not economical to renew your policy at a similar or better rate that what you had last year because the average amount of claims pay out for a stolen/vandalised/damaged car in London has gone up.
I don't know if thats a great example but hopefully it gives you some idea of the big black 12" canoe that is insurance.
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Post by atlex on Nov 29, 2016 21:01:10 GMT
greenlight each and every time.. lol. +1
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Post by myothercarsa2cv on Nov 29, 2016 21:49:54 GMT
greenlight each and every time.. lol. +1 Sadly couldn't beat my best quote this time  would've been nice to have it all in one place, they are good. I'm currently with HIC, which is part of the Adrian Flux group now (reason enough to leave), and AF undercut HIC by over £200. Lol |
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Post by myothercarsa2cv on Nov 29, 2016 21:53:04 GMT
Thanks for the explanation. It's so variable, no wonder comparisons sites are so popular. Plug in details, get many results. With specialist cars like ours it pays to shop around a bit, though, just wish it could be easier! |
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Post by BikeTuna on Nov 30, 2016 15:25:02 GMT
Honestly, I'd have to go looking to know who I was with!
I go to the 3 big comparison sites, log in, update the details and required and then take out the cheapest. I don't care who its with, if they give me breakdown cover or courtesy cars, I don't want £10 every day over the quoted time, I just want the price less.
I'll never claim on a policy. I wont ever hit anyone. If someone hits me its their policy not mine, and if the car is stolen, vandalised, whatever I wouldn't claim as the NCB loss would cost me 3x the cars value by the time its back to where it is now. My policy exists as a legal requirement only and I'd go self assured if I had the cash in the bank.
On the plus side my NCB is good, I'm old, I have IAM on car and bike, and on my bike I have IAM, ROSPA, DAS instructors licence and a security system that my insurance approves of. It all helps!
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Post by myothercarsa2cv on Dec 1, 2016 2:46:54 GMT
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Post by mplsblack on Dec 1, 2016 6:25:48 GMT
Its all to do with risk ratings so it doesn't apply to all, which is why some people get decent renewals from their existing providers. So for example Mr A lives in London and when he took his policy out last year there were x amount of cars stolen/vandalised/damaged. When it comes to renewing his policy that statistic has changed which is a rating factor on your insurance (yeah i know its crazy, but you wouldn't believe some of the rating fields if i told you) so therefor, although hes gone from x% risk of having his car stolen/vandalised/damaged to new figure x, its now not economical to renew your policy at a similar or better rate that what you had last year because the average amount of claims pay out for a stolen/vandalised/damaged car in London has gone up. I don't know if thats a great example but hopefully it gives you some idea of the big black canoe that is insurance. Thanks for the explanation. Still bonkers though  I'm with Greenlight so I'll see what happens in a couple of months |
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would've been nice to have it all in one place, they are good. I'm currently with HIC, which is part of the Adrian Flux group now (reason enough to leave), and AF undercut HIC by over £200. Lol 
