Reduction in premium!

[thidwick]

I’ve just opened, with some trepidation, the annual email from LV about my insurance renewal.
A pleasant surprise!
The annual premium for the next 12 months is about 15% lower (lower!) than what I’ve paid this year. This equates to a saving of just under £100.
We have a car, and the motorhome, on the same policy. Motorhome policy includes UK and European recovery. Car policy includes a hire car if our car is lost or incapacitated.
I’ve always had great service from LV.

 

[Minxy]

Double check the T&Cs to make sure the excesses and cover is exactly the same ... our last renewal (not LV) was more money and a higher excess!

 

[thidwick]

Double check the T&Cs to make sure the excesses and cover is exactly the same ... our last renewal (not LV) was more money and a higher excess!

I did!
Exactly same!

 

[Clivefog]

Same here with LV, cheaper with same excess/restrictions.

 

[denisejoe]

It’s because they can’t offer new customers a discount

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[Minxy]

It’s because they can’t offer new customers a discount

Yes it all changed this year, new customer quotes went up and the existing ones in some cases have come down however it still pays to do a comparison as it doesn't mean just because the renewal is cheaper that there aren't even lower ones out there just as good.