cabby Posted May 3, 2017 Report Share Posted May 3, 2017 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. Link to comment Share on other sites More sharing options...
Mook Posted May 3, 2017 Report Share Posted May 3, 2017 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! Link to comment Share on other sites More sharing options...
CarMad Posted May 3, 2017 Report Share Posted May 3, 2017 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. Link to comment Share on other sites More sharing options...
E-bmw Posted May 4, 2017 Report Share Posted May 4, 2017 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! Link to comment Share on other sites More sharing options...
Cuprabob Posted May 4, 2017 Report Share Posted May 4, 2017 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. 2 Link to comment Share on other sites More sharing options...
billy2shots Posted May 6, 2017 Report Share Posted May 6, 2017 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. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now