insurance renewal - WTF

[CatmanV2]

If it makes you feel any better it appears that my home insurance provider feels that a 30% increase is reasonable on my premium. I confess I feel differently

C

 

[Felonious Crud]

Yes, it was very hard for me to be cross about this:

View attachment 92899

It's an outrage, something needs to be done! Who are we supposed to be angry at under such circumstances. This is not good enough.

I shall at once write to my MP and to the BBC.

 

[Mr Spoon]

So £65 extra for business insurance for three months doesn't seem that bad when i added the GT to my admiral multi car.... 0 no claims and im still wet behind the ears (on here) on the RS Megane forum, im the old guy

 

[spkennyuk]

If it makes you feel any better it appears that my home insurance provider feels that a 30% increase is reasonable on my premium. I confess I feel differently

C

The regulation changes apply to home insurance as well.

Martin Lewis shares 12-step car insurance warning ahead of huge price shake-up

From January 1, 2022, car and home insurance providers will be banned from charging existing policyholders more than new customers - but it may not necessarily mean cheaper deals for all

www.mirror.co.uk

 

[Bladerunner]

These are troubling times. Admiral sent my annual renewal notice, so I limbered up, ready for a scrap about why they are a bunch of swine and 50 reasons why I shall be taking my business elsewhere.

Imagine my disappointment that the premium has only gone up by £14. Hardly worth a phone call, really.

Can anyone suggest some other company I could phone up and vent at seeing as Admiral has let me down so badly?

Not to get too competitive but appears mine is set to increase by only 10p for 3 cars and the home insurance!

 

[Mr Spoon]

Why is everyones insurance so expensive?

I've just done a quick confused.com quote as i added this car to Admiral multi car

£228 FC with Sheila's wheels - 0 NCB and business use 10k miles per year....

 

[CatmanV2]

The regulation changes apply to home insurance as well.

Martin Lewis shares 12-step car insurance warning ahead of huge price shake-up

From January 1, 2022, car and home insurance providers will be banned from charging existing policyholders more than new customers - but it may not necessarily mean cheaper deals for all

www.mirror.co.uk

Perfect, my policy is due before then

C

 

[schell70]

I've found that insuring all our cars individually is cheaper than multi-car for some reason lately - my GT has dropped from £495 to £320 and I'm paying around £175 each for 3 others plus £55 for the MGB!

Correct me if I'm wrong but if the Mrs has a claim on a multicar it affects all of them but not if individually insured? She isn't on the GT

 

[Gazcw]

Why is everyones insurance so expensive?

I've just done a quick confused.com quote as i added this car to Admiral multi car

£228 FC with Sheila's wheels - 0 NCB and business use 10k miles per year....

They all have 10 cars......... unlike us paupers..

 

[Felonious Crud]

Or should I assume everyone is a millionaire

We covered that topic in a previous thread, with predicable results. Now all the decamillionnaires look down on the pentamillionnaires and the pentamillionnaires look down on the millionaires.

I know my place.

 

[zagatoes30]

Even here premiums have gone down bit with classic cars seeing a serious reduction, Giulietta @ Fulvia last year were €445 for the pair just added the SZ and the new premium for all 3 is €575, the SZ was €180 so €50 down on previous price

 

[midlifecrisis]

Don't talk to me about insurance. Took out a buildings and contents with nationwide building society last year to start when I moved into my new place. Only to find out that when I phoned up about a leaking water main, they didn't have my details. Was passed from pillar to post for an hour between various departments only to be cut off. Two complaints have been placed with the Nationwide, one for their fault in not starting my insurance and two for poor customer service.
I phoned up another department, explained what happened and the person stated that it was an 'Autobuy' issue and not my fault and got me set up. I've now registered the claim but still without running water. Cnuts.

 

[Gazcw]

Don't talk to me about insurance. Took out a buildings and contents with nationwide building society last year to start when I moved into my new place. Only to find out that when I phoned up about a leaking water main, they didn't have my details. Was passed from pillar to post for an hour between various departments only to be cut off. Two complaints have been placed with the Nationwide, one for their fault in not starting my insurance and two for poor customer service.
I phoned up another department, explained what happened and the person stated that it was an 'Autobuy' issue and not my fault and got me set up. I've now registered the claim but still without running water. Cnuts.

It's you age not an insurance job.......Tena

 

[c4sman]

LV - They put my renewal up 400 quid for our Multi Car policy, probably down to the missus reversing into some coffin dodger who decided to pass her whilst she was half way through reversing out of a car parking space!

However, I switched providers and ended up with two policies with a 300 reduction!

So all good in the end.

Just ring LV up and have a rant anyway!

Afraid LV are on my happy list. Porsche Renewal dropped by £40 to under £250 without negotiation. The joys of being an old git

 

[mjheathcote]

I've found that insuring all our cars individually is cheaper than multi-car for some reason lately - my GT has dropped from £495 to £320 and I'm paying around £175 each for 3 others plus £55 for the MGB!

Correct me if I'm wrong but if the Mrs has a claim on a multicar it affects all of them but not if individually insured? She isn't on the GT

They are still individual with their own NCB, just with one insurance company with one premium, all starting and finishing at the same time.

 

[P R]

My admiral multicar policy came back a little cheaper, but the Maser was still highish. I called them and politely asked if they could do any better. Got another £200 off just from that call so worth asking them anyway (Policy was around £1100 for the Maser and teh 'Rari)

 

[Wack61]

My renewal quote was £300 more than last year and £310 more than all the same details on meerkats so I cancelled the renewal , they were all "I've no idea what's happened there can we re-quote"

What , so you can try and shaft me next year with auto renewal hoping I won't check the email

 

[Markrnorton]

I have just taken out a policy on my 3200, fully comp. I wanted it to start on a saturday, price quoted was £220, moved the start date to the sunday and was quoted £159 fully comp ! what a difference a day makes

 

[allandwf]

I heard a bit on the radio that renewals could not be more expensive than the new introductory policy price anymore.

 

[SE_123]

I heard a bit on the radio that renewals could not be more expensive than the new introductory policy price anymore.

Not quite yet...

1 January 2022 for the pricing and auto-renewal remedies, premium finance disclosure rules and reporting requirements, and related glossary and administrative changes. Firms have until 17 January 2022 to implement the pricing and auto renewal disclosure remedies fully, but after 1 January 2022, they must pay redress or make repayments to people if the delay to implementing negatively impacts them.