Insurance premiums: current increases

Mike Austin · 31-03-2007, 15:46

I just got a renewal quote 10% up on last year. This seems a bit high to me - particularly as the previous two years have shown a slight drop. I am on full no claims and the car (a Fabia 2.0i) is exactly two years old. I am with Norwich Union. How have your premiums changed this year?

iain · 02-04-2007, 12:45

what I would suggest is to shop around confused.com and money supermarket are both worth doing just to see what comes up. I saved over £100.00

on my renewl this year so it is worth doing

tdirob · 02-04-2007, 13:08

I'm with Elephant and mine went down for the first time ever!

That said I still shopped around and got them to drop it by another £100. so for the first time my insurance is less than £500

(£350 this year)

I check on Confused.com and moneysupermarket.com and get the cheapest quote you can then ring your insurers back and tell them. They'll want to keep you as a customer so they should at least match the price...

I'm sure they take the **** with renewals and make their money from people who just got be bothered to shop around...

Mike Austin · 02-04-2007, 18:40

Quote:

Originally Posted by tdirob

I check on Confused.com and moneysupermarket.com and get the cheapest quote you can then ring your insurers back and tell them.

This is fine for standard categories of cover. I have fully comp any driver which, doesn't fit the mould and requires phoning around. Not many companies even offer this.

Andy Hames · 03-04-2007, 10:31

If you put it into the context that the motor insurance industry is facing increasing claims costs and that premiums are in general going up year on year, I think an increase in your renewal premium would be expected given that

a) you have full NCD anyway so are not getting any more discount than you were last year on what will be an increased base premium

b) you have the highest possible risk cover in place, which will attract a higher loading of premium than the safer, more specific risks which your insurer will be more interested in retaining.

That said, to say it's expected doesn't mean you can't get a better quote, it's always worth ringing around to see what you can get elsewhere.

mluton · 03-04-2007, 10:38

I've never had a decrease but shopping around this year saved me £300 on my renewal.

Mike Austin · 03-04-2007, 18:09

Quote:

Originally Posted by Andy Hames

If you put it into the context that the motor insurance industry is facing increasing claims costs and that premiums are in general going up year on year, I think an increase in your renewal premium would be expected given that

a) you have full NCD anyway so are not getting any more discount than you were last year on what will be an increased base premium

b) you have the highest possible risk cover in place, which will attract a higher loading of premium than the safer, more specific risks which your insurer will be more interested in retaining.

In a nutshell, it's everyone else's fault and I am paying for it! Anyway, I got them to knock off £20, so the increase is now only 4% on last year. Not too bad then - £364 fully comp, any driver.

John Tully · 05-04-2007, 17:39

My advice is use confused.com & moneysupermarket for quotes, my insurance through csma/frizzels, was quoted at £278 fully comp/ protected ncb, and yet I can get the same cover plus legal protection from the post office/Fortis for £188. as well as £50. cash back=£138! quite a saving for a better product. remember loyalty does not pay

31-03-2007, 15:46	#1
Mike Austin Briskodian Join Date: Sep 2004 Location: Bristol UK Posts: 784 Thanks: 0 Thanked 3 Times in 3 Posts	Insurance premiums: current increases I just got a renewal quote 10% up on last year. This seems a bit high to me - particularly as the previous two years have shown a slight drop. I am on full no claims and the car (a Fabia 2.0i) is exactly two years old. I am with Norwich Union. How have your premiums changed this year?

02-04-2007, 12:45	#2
iain Briskodian Join Date: Jun 2004 Location: in the great north west Posts: 225 Thanks: 2 Thanked 8 Times in 8 Posts	Re: Insurance premiums: current increases what I would suggest is to shop around confused.com and money supermarket are both worth doing just to see what comes up. I saved over £100.00 on my renewl this year so it is worth doing

02-04-2007, 13:08	#3
tdirob Briskodian Join Date: Aug 2006 Location: Wrexham Posts: 1,192 Thanks: 24 Thanked 32 Times in 30 Posts	Re: Insurance premiums: current increases I'm with Elephant and mine went down for the first time ever! That said I still shopped around and got them to drop it by another £100. so for the first time my insurance is less than £500(£350 this year) I check on Confused.com and moneysupermarket.com and get the cheapest quote you can then ring your insurers back and tell them. They'll want to keep you as a customer so they should at least match the price... I'm sure they take the **** with renewals and make their money from people who just got be bothered to shop around... __________________ Golf GT TDI - Standard (at the minute) Last edited by tdirob; 02-04-2007 at 13:09.

03-04-2007, 10:31	#5
Andy Hames Briskodian Join Date: Feb 2005 Location: Manchester Posts: 64 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Insurance premiums: current increases If you put it into the context that the motor insurance industry is facing increasing claims costs and that premiums are in general going up year on year, I think an increase in your renewal premium would be expected given that a) you have full NCD anyway so are not getting any more discount than you were last year on what will be an increased base premium b) you have the highest possible risk cover in place, which will attract a higher loading of premium than the safer, more specific risks which your insurer will be more interested in retaining. That said, to say it's expected doesn't mean you can't get a better quote, it's always worth ringing around to see what you can get elsewhere. __________________ Octavia vRS

03-04-2007, 10:38	#6
mluton Briskodian Join Date: Jul 2006 Location: South Birmingham Posts: 6,307 Thanks: 46 Thanked 219 Times in 193 Posts	Re: Insurance premiums: current increases I've never had a decrease but shopping around this year saved me £300 on my renewal. __________________ Support Briskoda----------------------> Red Skoda Octavia V//RS Mods to date: Carbonio CAI Forge 007 DV Aero Wipers Briskoda Stickers KVW100 GB Wheel Inserts RS Tuning Remap Delocked Piper Cat Back Kenwood KDC-W6541U Fli Twin 12" Active Sub Parrot CK3100 *------------------------------------------------*

05-04-2007, 17:39	#8
John Tully Briskodian Join Date: Nov 2003 Location: Inverness Posts: 35 Thanks: 0 Thanked 1 Time in 1 Post	Re: Insurance premiums: current increases My advice is use confused.com & moneysupermarket for quotes, my insurance through csma/frizzels, was quoted at £278 fully comp/ protected ncb, and yet I can get the same cover plus legal protection from the post office/Fortis for £188. as well as £50. cash back=£138! quite a saving for a better product. remember loyalty does not pay

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