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Car insurance renewal

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Sorry if this question should be filed under obvious but I've recently gotten my first car insurance renewal letter and I would like some advice :) For my first year I paid £100, for year two they'… Read More
LilHammerette Avatar
2m, 2w agoPosted 2 months, 2 weeks ago
Sorry if this question should be filed under obvious but I've recently gotten my first car insurance renewal letter and I would like some advice :)

For my first year I paid £100, for year two they've dropped it to £75 (Hastings Direct). If I find it cheaper on a comparison site would I need to pay any fee for cancelling or/and are these firms willing to lower the monthly cost if someone else is offering it cheaper.

I'm admittedly not the best negotiator when it comes to money (when I say not the best I mean I'm pretty awful) so any advice would be appreciated. Thank you. :)
LilHammerette Avatar
2m, 2w agoPosted 2 months, 2 weeks ago
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(21) Jump to unreadPost an answer
Responses/page:
#1
Wow is that £75 for the year?
#2
Hey,
I worked in car insurance for many years so....this is how it goes...

If you find it cheaper else where but you were happy with the service you received from Hastings then it is always worth giving them a call tell them you are considering leaving and the price you have managed to obtain, they may match or beat it in order to keep you as a customer. If Hastings are unable to at least match it then tell them that you do not wish to renew on your renewal date (they will not charge you for this, they will just terminate your policy when it expires).

It will now be up to you to make sure you purchase insurance for when the renewal date was from another company otherwise you will be driving uninsured.

Hope this helps


Edited By: xSluggConex on Feb 09, 2017 10:15
#3
Cancellation fees only apply if you cancel mid-way through your annual policy term. If you decide to not renew your insurance with an insurer there is no penalty.
#4
xSluggConex
Hey,
I worked in car insurance for many years so....this is how it goes...

If you find it cheaper else where but you were happy with the service you received from Hastings then it is always worth giving them a call tell them you are considering leaving and the price you have managed to obtain, they may match or beat it in order to keep you as a customer. If Hastings are unable to at least match it then tell them that you do not wish to renew on your renewal date (they will not charge you for this, they will just terminate your policy when it expires).

It will now be up to you to make sure you purchase insurance for when the renewal date was from another company otherwise you will be driving uninsured.

Hope this helps



Thank you! I've been fortunate to not have any dealings with Hastings this year aside from initially signing up and then the monthly payments.
#5
fisco2001
Wow is that £75 for the year?

I wish haha. Monthly :p
#6
Well I've just had a look on Go Compare and Hastings Direct appeared on the list at £63per month, I guess it would be good to mention when I ring them up later right?
#7
LilHammerette
Well I've just had a look on Go Compare and Hastings Direct appeared on the list at £63per month, I guess it would be good to mention when I ring them up later right?


Again also work in insurance one thing to watch with comparison sites is the monthly cost will not take in to consideration a deposit which is usually about 1 and 1/2 payments the renewal will be 12 payments which will look higher but may be the same or less
#8
fraserthomson16
LilHammerette
Well I've just had a look on Go Compare and Hastings Direct appeared on the list at £63per month, I guess it would be good to mention when I ring them up later right?
Again also work in insurance one thing to watch with comparison sites is the monthly cost will not take in to consideration a deposit which is usually about 1 and 1/2 payments the renewal will be 12 payments which will look higher but may be the same or less

The up front deposit is around £60 (which surprised as me it's pretty much the same as the monthly payment) which would still be a saving for me over the course of the year even if it's just £60-80.
#9
Just mention that and they will most likely at least match that price
#10
Well I've just had a look on Go Compare and Hastings Direct appeared on the list at £63per month, I guess it would be good to mention when I ring them up later right?

The difference between your current renewal price and that of the comparison site could be due to a different insurer. As an example your current policy might be underwritten by Sun Life but the comparison quote might be with Aegis. The two quotations might not be directly comparable, differing excesses, 'frills' attached to the policy, provision of hire vehicle in the event loss etc. etc.

I would definitely draw their attention to the comparison site generated figures - I would be surprised if they didn't offer to match it.
#11
Was renewing my insurance with Elephant in August, they offered me renewal for 1100 a year, checked comparison sites and it was ~680 with the same insurer, called them, gave reference number and they simply match it.
#12
Just a quickie update.

First off thanks for all the comments,I do appreciate you guys taking time. :)

I rang up Hastings and told them about the letter and the quote and the man on the phone looked it up and actually found the figure he was given to be cheaper! So I'm now paying £55 a month ^.^ Quite thrilled tbh as it's a 45% discount on my first year! Yay!
#13
For the first time ever for me I think my insurance renewal has just come through and it's cheaper than any other quote I can find, in fact it's slightly less than I paid last year!!
I'm really confused now....so used to shopping around and haggling for a cheaper renewal it feels a little odd to just accept the renewal!
#14
Uridium
For the first time ever for me I think my insurance renewal has just come through and it's cheaper than any other quote I can find, in fact it's slightly less than I paid last year!!
I'm really confused now....so used to shopping around and haggling for a cheaper renewal it feels a little odd to just accept the renewal!

Same! I still went through the process of checking every other possible insurer in the world but yes just let it renew automatically. Weird sensation. Felt a bit like being one of those super rich people who are so wealthy they let it renew without caring about the cost. - Ah so this is how the other half live. :)
#15
sethjohnson555
Uridium
For the first time ever for me I think my insurance renewal has just come through and it's cheaper than any other quote I can find, in fact it's slightly less than I paid last year!!
I'm really confused now....so used to shopping around and haggling for a cheaper renewal it feels a little odd to just accept the renewal!
Same! I still went through the process of checking every other possible insurer in the world but yes just let it renew automatically. Weird sensation. Felt a bit like being one of those super rich people who are so wealthy they let it renew without caring about the cost. - Ah so this is how the other half live. :)

Or could just be we've finally reached 'that age'

Maybe we should get a quote from Saga insurance...:-)
#16
fisco2001
Wow is that £75 for the year?
with protected NCB, I'm £144 for a year!
#17
Uridium
For the first time ever for me I think my insurance renewal has just come through and it's cheaper than any other quote I can find, in fact it's slightly less than I paid last year!!
I'm really confused now....so used to shopping around and haggling for a cheaper renewal it feels a little odd to just accept the renewal!

Even if it is the cheapest, don't just accept it. Phone them and you'll get it reduced. Invent a cheaper competitors quote if needed.
#18
SuffolkLad222
Uridium
For the first time ever for me I think my insurance renewal has just come through and it's cheaper than any other quote I can find, in fact it's slightly less than I paid last year!!
I'm really confused now....so used to shopping around and haggling for a cheaper renewal it feels a little odd to just accept the renewal!
Even if it is the cheapest, don't just accept it. Phone them and you'll get it reduced. Invent a cheaper competitors quote if needed.

Nope they wouldn't budge....£238 this year compared to £252 last year, despite me having a windscreen claim a few weeks ago.
#19
Uridium
SuffolkLad222
Uridium
For the first time ever for me I think my insurance renewal has just come through and it's cheaper than any other quote I can find, in fact it's slightly less than I paid last year!!
I'm really confused now....so used to shopping around and haggling for a cheaper renewal it feels a little odd to just accept the renewal!
Even if it is the cheapest, don't just accept it. Phone them and you'll get it reduced. Invent a cheaper competitors quote if needed.
Nope they wouldn't budge....£238 this year compared to £252 last year, despite me having a windscreen claim a few weeks ago.

That really surprises me, but at least you tried. Who was the insurer out of interest?
#20
SuffolkLad222
Uridium
SuffolkLad222
Uridium
For the first time ever for me I think my insurance renewal has just come through and it's cheaper than any other quote I can find, in fact it's slightly less than I paid last year!!
I'm really confused now....so used to shopping around and haggling for a cheaper renewal it feels a little odd to just accept the renewal!
Even if it is the cheapest, don't just accept it. Phone them and you'll get it reduced. Invent a cheaper competitors quote if needed.
Nope they wouldn't budge....£238 this year compared to £252 last year, despite me having a windscreen claim a few weeks ago.
That really surprises me, but at least you tried. Who was the insurer out of interest?

RAC
#21
Saga, Lol, not quite there yet.

I ended up with QuoteMeHappy. I then got 6 points for speeding (yikes!) and told them and it didn't change my premium with them.

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