Insurance 'Renewal' Premiums.

Singvogal-- Ferrets live up trouser legs not on back shelves
Last year I checked my renewal (many years with nfu) with l-v at first it seemed very good ,BUT - I found to get similar cover I neede to add on various optional extras. When I finished that I stayed with nfu.
While looking for value I value a company that I know ( from experience) will treat my claim fairly,and I can walk into the office to sort any matters out .
Nfu are the only insurer I know that does give a "loyalty bonus" if you have been with the while.
They also replace a car with new if wrote off in its first two years.
And they charge no extra if paying monthly --and I need to have a number of standing orders to keep my interest rate on Santander accounts.
I just think it's best to look for an insurer that is a mutual not a profit making company.

 

So renewal time (rip-off time) has come around again. Last year I went with Saga who were the most competitive, but their renewal quote was 30% higher (cheeky buggers!).

So straight onto the comparison sites and got an excellent quote from AXA at £335, and with lower excess. So I gave Saga a call to tell them that I would not be renewing (just in case they tried auto renewal). They offered an immediate £50 discount, to which I commented "Too late sunshine, you've just lost another customer'.

I've given up trying to apply any logic as to how insurance companies operate. I feel sorry for the poor souls that have their insurance set up for auto renewal, but I guess they are paying to keep premiums down for those of us that refuse to be ripped off.

 

Seemples - squeeze until the pips squeak.

 

£335 is very cheap, mine was £707 last year.

 

My last car was modified a fair bit, enough that it was a nightmare shopping around and I ended staying with a plan for most of the time I had the car. Mainly as the mods were covered on a like for like basis. On the odd occasion that I could get it slightly cheaper elsewhere a plan did match the price.

Now, my F30 is stock (although I plan a bilstein b12 kit to sort out the naff handling) so I ought to find it easier to shop around.

 

@kleynie £707???? wow i thought yours ws less than mine... My renewal i think little over £700, but i managed to get it down to around £680ish after total of £500 excess...

Kev

 

Yep £707, but that is for a 313bhp barge.

 

Maybe the difference between Cheshire and London? Plus, mine is only a lowly 3 series.

 

Twickenham postcode doesn’t help me

 

when i did the shop around this year my basic quote for fully comp was £277.00 and with extras like no claims protection, legal cover, and enhanced hire car it came in at £348,00 so i very happy with that, still not quite as good as my 520 which i insured for £190 during my last year of ownership

postcodes certainly do make a big difference

 

Sum eyewatering costs their......
However, my post is probably worth A N other thread
Energy price comparison & Boiler Homecare.......
These are worth checking also
Having spent circa 20 mins looking at my Electric / Gas supplier, I’ve saved £17.46p / month on a 12 month contract, based on actual consumption over the previous 12months £209.52p Saving

Furthering my time on the sofa,
My Homecare policy with Scottish Gas is due renewal, £331.67 for the year starting 04th February
A couple of taps on the iPad and British Gas offer the same level of cover for £211.86p, so on the phone I get to cancel my policy, listen to the blurb and initially offered a loyalty discount on my account, renewal price reduced to £265.76p, I decline this and ask for a price match to British Gas... more blurb, so I request to proceed with cancellation, to all of a sudden be informed they can price match the £211.86p ineffect saving £119.81p

So today in a very short period of time, I have saved £329.33p

I’ve yet to check when the Barge is due insurance, however, I fully anticipate an annual policy of <£280 for the me with the wife as a named driver, effectively, free car insurance based on what Joe Public would pay out on other “essentials”

I’m proud of my days (<1 hours work!)

 

You're busy then Sean

 

he's saving for a Porsche so every penny counts

 

All good things come to those tha wait!

 

I waited 29 years to get married and I wouldn’t say it is good!

 

@kleynie you get less for life

Kev

 

I'm also looking at energy costs etc as my current 2 year fixed deals run out shortly so just looking to see whats about as next month is when i can switch without any penalty etc. Unfortunately, prices a fair bit higher than what i'm paying as i managed to get 2 year fixed just before the first price hike 2 years ago and there been probably 2 or 3 since.

Kev

 

Yeah but, no point rushing these things, you had to be sure in your own mind after all!
(It so happens that perhaps you needed more time ! )