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Author Topic: Insurance renewal law  (Read 202 times)

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dave the builder

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Insurance renewal law
« on: 14 May 2022, 12:58:20 »

"New rules banning a loyalty penalty for car and home insurance customers take effect from 1 January. The rules mean customers renewing their policy will have to be offered a price no higher than if they were a new customer."

well that's codswallop  ::)

I did a comparison and the same company I use was 20 cheaper on a comparison site  :-\
lowest equivalent cover   70 cheaper (still Defaqto 5 star well known brand)  ::)

so I phoned the original insurer ,said i'd cancel unless they matched the comparison site best price .
they said NO, I said don't renew then ,they said let me just see what we can do .....
OK we'll match it  ;D

so, despite new rules ,insurers still try and get as much as they can  ::)
I guess i shouldn't have expected any better really  .
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Field Marshal Dr. Opti

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Re: Insurance renewal law
« Reply #1 on: 14 May 2022, 13:39:48 »

I can't believe a motor car insurance company would tell fibs.....are you sure, Dave? ::)
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Doctor Gollum

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Re: Insurance renewal law
« Reply #2 on: 14 May 2022, 17:45:06 »

I can't believe a motor car insurance company would tell fibs.....are you sure, Dave? ::)
He's a builder. It must be true :D
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Keith ABS

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Re: Insurance renewal law
« Reply #3 on: 14 May 2022, 19:37:38 »

 But, did they do it with an intake of breath through their teeth? ;D
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dave the builder

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Re: Insurance renewal law
« Reply #4 on: 14 May 2022, 20:25:59 »

I can't believe a motor car insurance company would tell fibs.....are you sure, Dave? ::)
Well they got 70 less off me than they first asked for ,
 then ,when i did make the lower payment ,they had the nerve to say 'renewal prices will be checked so i get the lowest price in future'

Dam right they will , by me  ;D
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TheBoy

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Re: Insurance renewal law
« Reply #5 on: 16 May 2022, 09:36:59 »

The legislation is plain flawed.  Once again, we are trying to legislate against stupidity/laziness, and that ultimately leaves loopholes.

And the people that the legislation is trying to help will be the ones too stupid/lazy to check, so will assume they are getting the best possible deal - hence the legislation is daft.

How difficult is it to pick up the phone or look on a website, even for a millennial?
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STEMO

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Re: Insurance renewal law
« Reply #6 on: 16 May 2022, 11:42:50 »

Or an old fella suffering from acute CBA.
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TheBoy

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Re: Insurance renewal law
« Reply #7 on: 16 May 2022, 15:34:43 »

Or an old fella suffering from acute CBA.
Well, quite.  If its only a tenner or so, my CBA win out.  But 70, even I'll get up off my fat ass ;D
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