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Insurance due soon....

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pje16
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Re: Insurance due soon....

#501474

Postby pje16 » May 19th, 2022, 9:18 am

So much for checking the market at renewal time
My renewal figure from Aviva came in this morning
£40 cheaper than last year and that is also £60 cheaper than the cheapest on Moneysupermarket

btw Saga is over £1,700 more expensive (highest price on Moneysupermarket)

Dod101
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Re: Insurance due soon....

#501479

Postby Dod101 » May 19th, 2022, 9:28 am

pje16 wrote:So much for checking the market at renewal time
My renewal figure from Aviva came in this morning
£40 cheaper than last year and that is also £60 cheaper than the cheapest on Moneysupermarket

btw Saga is over £1,700 more expensive (highest price on Moneysupermarket)


My experience with Direct Line last month was also postive in that they volunteered significant reductions for both my House and car insurance so the new system seems to be working.

Dod

Watis
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Re: Insurance due soon....

#501480

Postby Watis » May 19th, 2022, 9:30 am

pje16 wrote:So much for checking the market at renewal time
My renewal figure from Aviva came in this morning
£40 cheaper than last year and that is also £60 cheaper than the cheapest on Moneysupermarket

btw Saga is over £1,700 more expensive (highest price on Moneysupermarket)


I've enjoyed a similar experience on both house and car renewals this month. Saved a bit of hassle.

Watis

pje16
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Re: Insurance due soon....

#501481

Postby pje16 » May 19th, 2022, 9:39 am

Dod101 wrote:My experience with Direct Line last month was also postive in that they volunteered significant reductions for both my House and car insurance so the new system seems to be working.
Dod

Thanks Dod
I had forgotten about them
but they are over £350 dearer then Aviva for me
cheers
Paul

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Re: Insurance due soon....

#501563

Postby DrFfybes » May 19th, 2022, 3:39 pm

Pretty much the same here... the 'new customer' deals seemto be suddenly available at renewal. I say it this way, as we've always shopped around, and so have always paid the "new customer" price.

House insurance renewal was about £20 cheaper, bike insurance went up a tenner (although last year was zero NCD!), and MrsF's ageing Toyota was about £3 different to previously, but sadly not below the £100 it was a few years ago (including business use!).

RAC OTOH... :(

Paul

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Re: Insurance due soon....

#502359

Postby 88V8 » May 23rd, 2022, 8:03 pm

Adrian Flux, my existing insurer for the Land Rover - OK, they're a broker not an insurer - were 12% cheaper than last year.
I didn't have to work it out because they told me so.
I don't remember them telling me the percentage when it went up every year :?
But my goodness they know how to charge for 'documentation', no reduction there.

V8

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Re: Insurance due soon....

#502367

Postby Watis » May 23rd, 2022, 10:14 pm

88V8 wrote:Adrian Flux, my existing insurer for the Land Rover - OK, they're a broker not an insurer - were 12% cheaper than last year.
I didn't have to work it out because they told me so.
I don't remember them telling me the percentage when it went up every year :?
But my goodness they know how to charge for 'documentation', no reduction there.

V8


There's a charge for documentation?!

Isn't there an option to have the documents emailed to you? At no cost of course.

Watis

88V8
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Re: Insurance due soon....

#502420

Postby 88V8 » May 24th, 2022, 10:17 am

Watis wrote:
88V8 wrote:Adrian Flux, my existing insurer for the Land Rover...they know how to charge for 'documentation', no reduction there.

There's a charge for documentation?!
Isn't there an option to have the documents emailed to you? At no cost of course.

Indeed they do email it.
But they still charge for someone having sat and typed it.
The 'documentation' or Policy Issuance Fee lark started some years ago. There is also a charge for any amendments.

In the good old days this would all have been paid for by the broker's commission, now they get the commission, plus a fee from the insured.
Perhaps they pinched the idea from auctioneers.

V8

pje16
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Re: Insurance due soon....

#502423

Postby pje16 » May 24th, 2022, 10:22 am

88V8 wrote:But they still charge for someone having sat and typed it.
V8

With a quill pen no doubt :lol:
I wish I could charge for sitting ;)

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Re: Insurance due soon....

#502991

Postby redsturgeon » May 26th, 2022, 3:58 pm

Insurance companies, who can fathom out how they decide their premiums.

Today my son came back from college in the US, he is in the UK each year for just five months, during that time he needs transport so I insure him for the car. Last year I did that on a temporary basis while he was here and it worked out cheaper than him being on the policy for the whole 12 months.

Today I logged into my account with my car insurer to add him to the policy from now until he returns to the US in August, about 10 weeks. They would not let me add him a a temporary driver for more than one month at a time, at almost the cost of the current annual premium for that month. For clarity my current annual cost is about £250 and they required an extra £230 in addition to add him for one month! So this would have been an extra £1150 annually for him to use the car for 5 months.

I thought I would check what the cost was of adding him permanently to the policy that has been in place since January. They required just £138 for this...go figure as out American friends might say.

John

pje16
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Re: Insurance due soon....

#502993

Postby pje16 » May 26th, 2022, 4:04 pm

That sums up the insanity of premium calculations
seems as if there is no logcial explanation :roll:

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Re: Insurance due soon....

#503000

Postby didds » May 26th, 2022, 4:15 pm

[quote="redsturgeon"
I thought I would check what the cost was of adding him permanently to the policy that has been in place since January. They required just £138 for this...go figure as out American friends might say.

John[/quote]



and when he returns to the US after a few weeks can you then get a refund on part of that £138 as the full year is "unused" ?

this is same-same-but-different to short term insurance ... whcih in the few times Ive investigated was almost as expensive as a full year for eg a week/month. So the answer would seem to be insure for a year and after the short period is up clsoe the policy and get a refund on it!


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