Good News For Insurance Renewals?

[Wombles]

Finally we might have an end to insurance companies giving a good price the first year then hiking it up after that. Existing customers should not have to pay more than new customers https://www.moneysavingexpert.com/n...3&utm_campaign=nt-oneliners-one&utm_content=2
Guess it may mean slightly higher prices overall though?

 

[Kai Morrison]

My year 2 renewal quote is £80 cheaper than last year....now under £250. I did call Adrian Flux before receiving the renewal quotation and they were £60 more expensive than last years price.
My policy is with Devitt Insurance which was originally set up via the CAMC.

 

[Reallyretired]

Just means the discount for new business will go and everyone will pay the higher price.

 

[nicholsong]

Note: It is only a proposal under consultation until Jan.

 

[Spriddler]

About time too.
I'm just going through the loathsome annual hassle of getting a new quote for a car having just rec'd my renewal invitation from the AA. Up from £264 last year to £378 now.
So far I've had quotes of £282 (SAGA) and £278 (Hastings). I can't be ar*ed to go back cap-in-hand to argue with the AA but will change insurer.
I expect like everyone else I'm fed up with this annual time-wasting rigmarole of getting new quotes for each car, my house and motorbikes. To their credit Comfort have only increased my m/h premium by more or less inflation over the past 7 years.

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[Lenny HB]

I was reading about it yesterday.
My van insurance is with comfort rarely goes up by more than a tenner & had it come down a couple of times.

 

[Spriddler]

To update my post (no. 5 above) about my car renewal increasing from £264 to £378 I had emailed the AA with simple and brief message (without mentioning any other quotes) to stop wasting my time and to give me a realistic quote within 7 days whilst I pursued quotes elsewhere. I hadn't expected any reply but within 24hrs I had an email from 'Becky': 'We hate to think of you leaving us and can offer you a premium of £272'.

Every year I have to through the same aggro (except with Comfort).
What a ridiculous waste of everyone's time.