Post by PennyOn Wed, 19 Apr 2017 15:31:21 +0100, Mike Ruddock
Post by Mike RuddockI have insured my car with Liverpool Victoria for many years. The
renewal notice has just arrived and shows an increase of about 60% over
last year's premium.
I rang up to query this and was told that as I had had a claim in the
last 12 months the premium had gone up.
I pointed out that I paid extra to have my no claims bonus protected and
was told that I still had 9 years recorded no claims but the premium
always went up after a claim.
This is double speak of a high order.
Yes. The so-called no-claims bonus is a percentage *of the premium you
would be charged*. If you have any sort of claim, that premium goes up;
preserving the NCB only preserves the percentage off. (Actually, I think
it often doesn't even preserve the percentage, it just stops the
proportion of "full" going up so much.)
It's definitely a fiddle.
Post by PennyPost by Mike RuddockI consulted one of the sites which use fat operatic tenors or Russian
rodents and was quoted as the cheapest of several dozen a figure more
than last year's, but less than the renewal quote from Liverpool (Heart)
Victoria, and the generous, foolhardy provider was . . . Liverpool
(Heart) Victoria.
I always go to MoneySavingExpert each year; they usually have a list of
what order to hit the comparison sites in, plus list a couple of
companies that don't use the comparison sites (Direct Line is one.
That's not an endorsement, or a recommendation). It's tedious, but since
the increases are so huge otherwise, worth doing - even if I could
afford not to bother, I feel they have to be taught a lesson, as it
were.
I usually go back to my existing employer, with a few of the quotes I've
got (I mainly only select ones from companies I've heard of). Usually,
they say something like "hang on while I ask my boss" or something
equally silly, then either match the quote, or come down to within a
fiver or so, which I've tended to accept. Though on a couple of
occasions lately, I have actually switched, being somewhat cross.
[FWIW, I do my breakdown insurance with the same company, whoever it is;
I know I could do slightly better by doing them separately, especially
if I went for one of the companies where you pay for the breakdown
service then claim it back (I CBA with that). IIRR, I pay 2xx for
comprehensive cover and full breakdown.)
Post by PennyPost by Mike RuddockIt almost makes the world of politics look rational.
Did you stay with L(H)V?
Post by PennyThe moral of this story is - never renew, get a new quote first.
I've been with Hastings Direct for a few years but always do the best quote
thing before phoning and asking them to match the quote I get from them
there.
It's irritating that we have to do this every year (or whatever) - not
only for insurance (all sorts), but also utilities, and I've more or
less accepted I have to for broadband/linerental too, that is to say
ring PlusNet every year to haggle, usually with some success.
[]
It has occurred to me recently that, surely, there must be an
opportunity for a company to say "we're not the cheapest, but we won't
stiff you with a 60-80% increase at renewal"; I think they'd get a lot
of custom from people who really would rather not be arsed with messing
about in this way at every renewal, but at present feel they have to.
--
J. P. Gilliver. UMRA: 1960/<1985 MB++G()AL-IS-Ch++(p)***@T+H+Sh0!:`)DNAf
All that glitters has a high refractive index.