It's that time of year again

[Teejay1]

Originally Posted by volvorocks

I generally stay with the same insurer. Each year sure as eggs are eggs our insurances increase come renewal. I use the compare sites to get a rough idea then ring whoever I am insured with and make them an offer.

Companies are all seeking "new customers" and loyalty counts for nothing nowadays so I remind them that it is in their interest to retain our custom.

I have had some absolutely ridiculous conversations with insurance companies (as some can imagine..lol) with the best being a house renewal quote where after 15 minutes of going through all the details they came up with a "different" policy, a "new" product that was nearly half the price of the original renewal and offered "virtually" the same cover. I pointed out that the cover was identical only to be told it was "very very similar". I said no , its identical. Operator said no "very very similar". So I re-iterated that the cover was identical, even the name was the same and she said “yes but its a much cheaper policy isn’t it"……!!!!!!!!!!!!!..eh..??..?????

For those that have courtesy car cover an interesting thing about courtesy cars on insurance can be seen here

Regards

In my experience they don't even seem that bothered about new business either. Several companies I asked in September to match a quote they all came back and said they couldn't/wouldn't". My best deal came from Aviva, added my wife who cannot drive and the premium was reduced by £100.

[Teejay1]

Originally Posted by tayandre

Yes, protected no claims is a bit of a scam. Your percentage discount is protected but your base premium isn't.

So say you have 60% no claims, base premium is £1000, so you pay £400 for insurance. You have a prang, you stay at 60% no claims but your base premium goes up to £1800 because you are now deemed a higher risk. You still have 60% no claims discount with this company but your insurance has gone up to £720.

If you decide to go to another insurer they will not accept the protected no-claims discount, raise your base premium becuase you are a higher risk and you will have a much smaller no claims discount because of your prang. Result....? You are now locked into the original insurer until you are back at a real 5 or 6 years no claims.

Insurance companies should at least wear a mask when they rip us off.

[DesertDog]

1st year's insurance on my T6 was equivalent of £1,200 (over here in the sand pit, it's the car, rather than the driver which is insured). The insured value is typically 3-5% of the value of the car.

Just recently, a stone just about destroyed my windscreen....equivalent of £1,286 to replace it.

[Ransman]

Originally Posted by DesertDog

1st year's insurance on my T6 was equivalent of £1,200 (over here in the sand pit, it's the car, rather than the driver which is insured). The insured value is typically 3-5% of the value of the car.

Just recently, a stone just about destroyed my windscreen....equivalent of £1,286 to replace it.

Makes my £75 windscreen excess look very reasonable :-)

[darbs]

Originally Posted by tayandre

If you decide to go to another insurer they will not accept the protected no-claims discount, raise your base premium becuase you are a higher risk and you will have a much smaller no claims discount because of your prang. Result....? You are now locked into the original insurer until you are back at a real 5 or 6 years no claims.

in my experience they all accept the protected NCD. despite having had a couple of claims, i've never had a problem moving my NCD to another insurer every year. like you say though, they bump up the base. whichever way you look at it though, protected is still better than non-protected.