cabby

Car insurance renewal

6 posts in this topic

Renewal for the above was £420 and up circa £100 from last year (Admiral).  I called to say not to auto-renew whereby they applied 'all available' discounts and knocked £70 off brining it below the most competitive alternative quote.

Are there really that many people that renew without checking thus allowing insurers to treat existing customers like this?

Seems like a crazy business model but must be working for them overall I guess.

 

 

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Yes there is - there was a discussion on the radio about this the other day and they insurers rely on people thinking they're being well looked after because they're being "faithful".

Bollox to that!

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Yeah there are, my Mum recently got a crazy quote, so she called direct line and saved a fortune, could have paid even less but at least she didn't stick with the same insurer. +++

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As the Mook says it is exactly what they hope for, "sprat to catch a mackerel" and all that.

Each time I get a renewal & shop around & cancel when offered a price match I will 100% decline on principle saying "if you said that to start with you would have kept my business".

Although strangely every time I try to beat my modified policy for my track car I never can! 

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I think when insurance companies give you your renewal premium they should also advise which machine and set of balls were used to come up with the premium, like they do on the lottery.

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Just saved 20% on the wife's insurance by switching. 

Like Bob says above, the renewal quotes always seem randomly generated and as E-BMW says I always switch on principle if my current supplier offers to match the new quote. 

It obviosly works as all insurance companies push their luck and it's just a merry go round so they don't really care. 

Admiral-Privilege-Quote me happy-Admiral

Thats my current cycle over the last 4 years. 

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