Question Your Insurance Renewal Quote

[AKAMD 0]

I've just made one phone call and saved £50 on my motorcycle insurance renewal.  There's a piece in The Star email bulletin which also advises people to question renewal quotes for car insurance.  The annoying thing about this is, being a long-time customer,  why didn't they quote me the best offer anyway?  Loyalty counts for nothing, so if your car/motorcycle/home insurance is due for renewal, give them a ring and tell them you aren't happy with their quote.  I have finished up with a better policy (less excess) for £20 less than I paid last year.

[Resident 1,193]

11 minutes ago, AKAMD said:

I've just made one phone call and saved £50 on my motorcycle insurance renewal.  There's a piece in The Star email bulletin which also advises people to question renewal quotes for car insurance.  The annoying thing about this is, being a long-time customer,  why didn't they quote me the best offer anyway?  Loyalty counts for nothing, so if your car/motorcycle/home insurance is due for renewal, give them a ring and tell them you aren't happy with their quote.  I have finished up with a better policy (less excess) for £20 less than I paid last year.

I wait for the renewal invite, tell them their main competitor is X amount cheaper so wish to cancel the renewal and bingo, they beat it and I pay less. 

I have never actually spoke to their main rival.

[willman 10]

I query my insurance renewals and utilities every year - if im in a position to do so (you cant always change utilites if you owe your current provider)

Inevitably every year i'm never any worse off, i don't always save money but i never have to accept any increases either.

[alchresearch 214]

Don't just go with one comparison site either - the Meerkat one's results are always dearer than others.   No wonder they were recently fined.

 

https://www.bbc.co.uk/news/business-54986073

[pattricia 575]

I quiry my household insurance every year. I have made one claim in all the years I’ve been with LLoyds Household insurance company and they still put it up every year.! Last time I asked them how much they would charge a new customer. It was of course much lower than mine. When they told me I said “ Right ! I will have at that price then !” 

[iansheff 88]

My house insurance went up around £2 this year and car insurance gone up about £10. I didn't bother with the compare sites for the house but will for the car insurance.

[enntee 10]

My car renewal quote has dropped £1.86.
Will still look at comparisons, though.
 

[fuddyduddy4 11]

Managed to barter down Hastings car insurance £150 last year,but this year they got me back saying they couldn’t find anyone to insure me even though I’ve been continuously driving for 57yrs ,never made a claim,no offences.Totally petty.

[geared 317]

Insurance companies do this all the time, it's not exactly new.

[geared 317]

My last renewal was nearly £700, I almost fell off my chair  Few minutes on comparison sites and it was about £300, pretty much half.

 

Clearly some companies are just out to ripoff their own customers.

[gingablade 10]

I did my wife’s and mine got the renewal from privilege wasn’t happy with them went on the opera singer site  got a deal 150 cheaper rang mty insurer back. When the phone was answered wasn’t long I pressed the I’m thinking of leaving number on options. Said I had a quote with same bits and bobs has my renewal. They asked who with told them. Comes back to me I’ve got your details up I can beat that reduced my pine by 170 the pin went through the wife’s and got 100 off that. So I’m still with them till next time.

[Padders 2,866]

I've been with the AA for about 40yrs, every year without fail they send me a quote for about £70. ring them up and query it.

They always reduce it to about £45, sometimes less than I paid the previous year.

Why don't they send me (a loyal customer) the cheapest quote.

Wonder if it's because a lot of people pay by Direct Debit, and just cough up.