Car insurance firms - taking the ****! - HotUKDeals
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Car insurance firms - taking the ****!

souljacker Avatar
6y, 3w agoPosted 6 years, 3 weeks ago
I've just had my car insuarnce renewal through from kwik fit, and even though i've made no claims and have 8 years of no claims bonus they have deceided to put my insurnace up by over £200, that nearly double my monthly payment.

So i called them up and they said they could knock a bit off, but it still wasn't enough, so i go a few quotes, including from money supermarket.com which included kwik fit....the quote from kwik fit was £100 cheaper than they had offered me!??

So i went with direct line who i'm now paying what i have been paying last year.

Same thing happened with my home insurance, got my renewal through, £200 more than i was paying, phoned them up and they then knocked the £200 off

They obvioulsy rely on people not checking their renewals but surely to keep customers they could offer more reasonable prices.

/Rant over
souljacker Avatar
6y, 3w agoPosted 6 years, 3 weeks ago
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Comments/page:
#1
You seem surprised?
#2
deek72
You seem surprised?


yeah i know, i shouldn't be really..it's just annoying at how they think they can do that and people will just take it
#3
As far as I know they all do the same. I've changed companies virtually every year for long as I can remember. Get you in with a competetive quote then try and rip you the next year. And when they reduce your quote by £200, its impossible to get a straight answer to the question " if you can do it for £200 less, why didn't you charge me that in the first place?".

Edited By: deek72 on Nov 13, 2010 11:08
#4
Loyalty never pays. In 6 years i have had 5 different insurance companies. I've just helped a friend with a home insurance quote. Renewal came in at £540, rang up the SAME COMPANY and said not happy with that, Managed to get it down to £105 with a £15 cheque in the post as well, so £90!
#5
go through quidco or topcash and get cashback, thats what i done, with mine, find a cheap quote then see if they do either quidco or topcash, or go on topcash or quidco type in insurance and get the quote that way
#6
waycash
go through quidco or topcash and get cashback, thats what i done, with mine, find a cheap quote then see if they do either quidco or topcash, or go on topcash or quidco type in insurance and get the quote that way


:( forgot about quidco

edit: direct line aren't on there anyway, but i could have got £26 from the aa

Edited By: souljacker on Nov 13, 2010 11:50
banned#7
whatsThePoint
deek72
As far as I know they all do the same. I've changed companies virtually every year for long as I can remember. Get you in with a competetive quote then try and rip you the next year. And when they reduce your quote by £200, its impossible to get a straight answer to the question " if you can do it for £200 less, why didn't you charge me that in the first place?".


If they charge £200 less its just to keep your business or get it in the first place and they are unlikely to be making any profit on it, So you'd have to be fairly stupid to wonder why companies don't charge the lowest price to start with
do you go in tesco's and complain that they don't sell everything at cost or a couple of pence profit and i expect you spend more on food than insurance each year

nah, you're wrong! I used to do coding for a well know insurance company and renewals were automatically pre-loaded vs new quote calcs.

I have been with the same company 3-4 years and every time I get about 40% off the renewal quote by just taking out a brand new policy.
#8
My premium actually went down this year, been driving 19 years and this is the first time a renewel came out cheaper than the previous year.
#9
I searched everywhere and my renewel was £150 cheaper than any other quote.
banned#10
whatsThePoint
csiman
whatsThePoint
deek72
As far as I know they all do the same. I've changed companies virtually every year for long as I can remember. Get you in with a competetive quote then try and rip you the next year. And when they reduce your quote by £200, its impossible to get a straight answer to the question " if you can do it for £200 less, why didn't you charge me that in the first place?".
If they charge £200 less its just to keep your business or get it in the first place and they are unlikely to be making any profit on it, So you'd have to be fairly stupid to wonder why companies don't charge the lowest price to start withdo you go in tesco's and complain that they don't sell everything at cost or a couple of pence profit and i expect you spend more on food than insurance each year
nah, you're wrong! I used to do coding for a well know insurance company and renewals were automatically pre-loaded vs new quote calcs.I have been with the same company 3-4 years and every time I get about 40% off the renewal quote by just taking out a brand new policy.


How am i wrong when your agreeing with what i said, low price to get you in, then price put up to make a profit on renewal
They know a large % of people just renew without shopping around

LOL - misread your OP although a profit is still made at the new business stage albeit reduced but not by as much as one might think.

Reverse agency commission rules boosts the profit too (pay more commission for renewals over initial premiums).

Just hope my premium isnt increased too much come january too (current annual premium - £87 TPFT).

Edited By: csiman on Nov 13, 2010 15:04
#11
They were talking about this on Watchdog on thurs - loyalty to insurance companies means nothing.
#12
whatsThePoint
deek72
As far as I know they all do the same. I've changed companies virtually every year for long as I can remember. Get you in with a competetive quote then try and rip you the next year. And when they reduce your quote by £200, its impossible to get a straight answer to the question " if you can do it for £200 less, why didn't you charge me that in the first place?".


If they charge £200 less its just to keep your business or get it in the first place and they are unlikely to be making any profit on it, So you'd have to be fairly stupid to wonder why companies don't charge the lowest price to start with
do you go in tesco's and complain that they don't sell everything at cost or a couple of pence profit and i expect you spend more on food than insurance each year

And you must be stupid to not properly read my post in your eagerness to have a go at me. What part of the statement " get you in with a competetive quote then try to rip you the next year" led you to believe I don't know why they do it? I know EXACTLY why they do it. What I said was you can't get a straight answer from THEM when you put then on the spot and ask them why they don't give you the best price in the first place.


Edited By: deek72 on Nov 13, 2010 19:01
#13
whatsThePoint
deek72
whatsThePoint
deek72
As far as I know they all do the same. I've changed companies virtually every year for long as I can remember. Get you in with a competetive quote then try and rip you the next year. And when they reduce your quote by £200, its impossible to get a straight answer to the question " if you can do it for £200 less, why didn't you charge me that in the first place?".
If they charge £200 less its just to keep your business or get it in the first place and they are unlikely to be making any profit on it, So you'd have to be fairly stupid to wonder why companies don't charge the lowest price to start withdo you go in tesco's and complain that they don't sell everything at cost or a couple of pence profit and i expect you spend more on food than insurance each year
And you must be stupid to not properly read my post in your eagerness to have a go at me. What part of the statement " get you in with a competetive quote then try to rip you the next year" led you to believe I don't know why they do it? I know EXACTLY why they do it. What I said was you can't get a straight answer from THEM when you put then on the spot and ask them why they don't give you the best price in the first place.


Have a go at you personally? you don't need me to point any facts out about you
You didn't answer the question about tesco's or anywhere else that has an item reduced for that matter, why single out insurance companies when everywhere will try to get as much as possible from you and lots of places offer discounts for first time buyers
So tell me what other companies have you put on the spot and asked why they don't offer the cheapest price for an item or service when you first ask, a simple list of the ones that gave you a straight answer is all you need to put in your reply


Oh dear :| Why can't you just keep your digs simple and concise like I do with you? You can't expect people to jump and start compiling lists just because you demand it. Shall we call a truce now? I think I'm ready because you're really starting to bore me. What do you think?

Edited By: deek72 on Nov 13, 2010 19:43: .
#14
mine went from 346 to 1283 with shielas wheels!!!
#15
whatsThePoint
deek72
Oh dear :|


what a surprized, you can't name one company because as per usual your .... .. ....

Read my edited post and if it makes you feel better I'll concede in front if everyone that you run rings round me every time. How's that?
#16
whatsThePoint
deek72
whatsThePoint
deek72
Oh dear :|
what a surprized, you can't name one company because as per usual your .... .. ....
Read my edited post and if it makes you feel better I'll concede in front if everyone that you run rings round me every time. How's that?


Your slimey backtracking doesn't interest me, just 1 company would of done, but you couldn't even do that

What am I backtracking on?
#17
It was on the radio the other day that premiums have gone up by 40-45% due to fraudulent claims and more & more personal injury claims.

Our car got hit recently and we had plenty of texts and calls from companies wanting us to claim injuries with them. What's the word - Ambulance Chasers.
#18
I switched to Kwik-fit in November from Aviva because it was the cheapest.
£145.67 fully comp for the year with £42.50 quidco so £103.17 for the year.
Didn't seem too bad - but was £75 last year with Aviva!

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