morcus
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| posted on 10/2/14 at 06:59 PM |
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Insurance renewal with changed terms.
I got my insurance renewal yesterday as the current one finishes at the start of march. I bought it through the AA and due to a change of car and a
few other things I was fairly sure I'd not be renewing any way but when I read through the documents it said they'd found a better insurer
for me. The new insurer seems to have removed the business use I currently have (and will actually need this year) and put my excess up by £100. Not
only this the quote was about £700 and I've found multiple quotes for about £400 with much lower excesses and NCD protection which I'd not
have on the renewal.
Has anyone else noticed anything like this? Do you actually know what cover you've got and what your excesses are?
In a White Room, With Black Curtains, By the Station.
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britishtrident
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| posted on 10/2/14 at 07:27 PM |
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quote:
Originally posted by morcus
I got my insurance renewal yesterday as the current one finishes at the start of march. I bought it through the AA and due to a change of car and a
few other things I was fairly sure I'd not be renewing any way but when I read through the documents it said they'd found a better insurer
for me. The new insurer seems to have removed the business use I currently have (and will actually need this year) and put my excess up by £100. Not
only this the quote was about £700 and I've found multiple quotes for about £400 with much lower excesses and NCD protection which I'd not
have on the renewal.
Has anyone else noticed anything like this? Do you actually know what cover you've got and what your excesses are?
Tell them stuff it.
The AA have a reputation for increased cost on renewal, depending on age & claims record it is worth getting an online quote from LV direct
from their own website.
[Edited on 10/2/14 by britishtrident]
[I] “ What use our work, Bennet, if we cannot care for those we love? .”
― From BBC TV/Amazon's Ripper Street.
[/I]
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perksy
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| posted on 10/2/14 at 07:31 PM |
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As above, we were with the AA but have swapped recently due to increased cost on renewal.
Phoned them up expecting an offer of a better deal and she just said "ok then.." and that was the end of that....
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Brook_lands
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| posted on 10/2/14 at 11:32 PM |
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It seems to be the way of the world, can't remember the last time my renewal notice was what I eventually paid rather than more. But if it
didn't work for them they wouldn't do it. Plus as you said things have a habit of disappearing at renewal like cover for driving other
cars.
It's just a game every year. Renewal comes through. I go on internet and get prices. Phone up current insurer to see if they want to match. If
they do they keep my business, if not I move. I have 4 cars all due at the beginning of Feb. renewal price this year for the lot £1500. Best quotes
(all with lower excess) £1000, current insurer's best effort £1300. Result, I'm with a new insurer this year.
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morcus
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| posted on 10/2/14 at 11:48 PM |
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I'm not so bothered by the fact that it's a poor price as I am by the changes in the policy that weren't exactly made obvious. If
I'd just accepted it I could well have had an accident and found out I wasn't insured (Or more likely claimed driving expenses, then been
audited and done for fraud).
In a White Room, With Black Curtains, By the Station.
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Slimy38
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| posted on 11/2/14 at 07:57 AM |
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quote:
Originally posted by morcus
I'm not so bothered by the fact that it's a poor price as I am by the changes in the policy that weren't exactly made obvious. If
I'd just accepted it I could well have had an accident and found out I wasn't insured (Or more likely claimed driving expenses, then been
audited and done for fraud).
Yes, that's the bit that's nearly caught me out a few times. I think my bike policy was the last one, I used to do quite high miles (10k
annual which is high for a bike), I got a renewal that was cheaper and it was only when I checked that they'd dropped me to 2k annual mileage
that I queried it. The renewal for a 10k policy was more.
That wasn't the AA though, so it's not limited to them. 'Like for like' just doesn't seem to apply to insurers.
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britishtrident
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| posted on 11/2/14 at 09:48 AM |
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The AA are particularly bad for it, I had to sort out a friends insurance recently, the AA had hiked her price by 25%, with LV she insured for the
same money as previously but with minimum excess and decent breakdown cover.
Our own cover with LV went down year on year although we started with 7 years no claims.
[Edited on 11/2/14 by britishtrident]
[I] “ What use our work, Bennet, if we cannot care for those we love? .”
― From BBC TV/Amazon's Ripper Street.
[/I]
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