Insurance Renewal

[ianp]

Maybe they just don't like Santorini Black F-Types

[Cluck]

I paid £370 last year (fully comp, protected NCB), with AXA, so I'll be interested to see what they quote this year.

[scm]

Taken wife off of policy as that will reduce premium - she never drives it anyway!

That doesn't always work, adding a named driver, especially a spouse, can actually reduce the premium.

[@299Peter]

Not when she’s had two claims in her car in the last three years!!!

[scm]

Ah.

[TopCat]

I'm with LV, renewal 3rd July, last year £550 so expecting renewal to drop into inbox soon..... Based on comments above looks like I'll be shopping around.

LV renewal for 3rd July landed overnight. £567.
So a small increase (no changes to circumstances).

Compare the market, there are several policies for £435 (cheapest) to £500 range but all have £1000 excess and are from online only companies in general I have never heard of. Hedgehog, Skippy, flex, etc. So ignoring them.

The cheapest quote from a company I know and would trust and have a normal excess is Tesco at £486.
Interesting LV are next in the list at £501.

Aviva want £1500!! With the highest quotes topping £2000 so some people don't want our business!

So I think a quick call to LV to question why as a new customer is it cheaper than an existing one however I won't be doing that until 22 days before renewal as that is the optimal time to renew for price according to Martin Lewis so it might get cheaper. My plan is to call LV and get the new customer price or better and stay with them.

There was a change in FCA rules that companies must offer the same terms to existing customers as new customers so I would check cover is like for like - more details here

https://www.fca.org.uk/news/press-relea ... e-renewals

[simpleR]

^^^
Correct.
But only if you go direct to them. Compare the meerkat or go compare etc might have special offers etc.

That happened last year to me and LV advised to let the current policy lapse and take out the new LV policy via meerkats as they couldn't match it and then you also get meerkat movies etc as well.

[TopCat]

^^^
Correct.
But only if you go direct to them. Compare the meerkat or go compare etc might have special offers etc.

That happened last year to me and LV advised to let the current policy lapse and take out the new LV policy via meerkats as they couldn't match it and then you also get meerkat movies etc as well.

Then, in my view, that’s driving a coach and horses through the FCA’s intentions.

[ianp]

Meerkat movies? There's only so many of the adverts I can watch!

[simpleR]

I'm with LV, renewal 3rd July, last year £550 so expecting renewal to drop into inbox soon..... Based on comments above looks like I'll be shopping around.

LV renewal for 3rd July landed overnight. £567.
So a small increase (no changes to circumstances).

Compare the market, there are several policies for £435 (cheapest) to £500 range but all have £1000 excess and are from online only companies in general I have never heard of. Hedgehog, Skippy, flex, etc. So ignoring them.

The cheapest quote from a company I know and would trust and have a normal excess is Tesco at £486.
Interesting LV are next in the list at £501.

Aviva want £1500!! With the highest quotes topping £2000 so some people don't want our business!

So I think a quick call to LV to question why as a new customer is it cheaper than an existing one however I won't be doing that until 22 days before renewal as that is the optimal time to renew for price according to Martin Lewis so it might get cheaper. My plan is to call LV and get the new customer price or better and stay with them.

Called LV as approaching the sweet spot of 22 days and they matched the compare the market price so £501.
So same price as meerkats.