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Chat Area => General Car Chat => Topic started by: STEMO on 14 March 2025, 21:02:40

Title: Pissed off being ripped off for insurance
Post by: STEMO on 14 March 2025, 21:02:40
So just renewed with Go Skippy for £240 less than my renewal from LV. I'm insured, don't care about the niceties.
Title: Re: Pissed off being ripped off for insurance
Post by: Migv6 le Frog Fan on 15 March 2025, 09:48:54
Do you use cashback sites ?
Title: Re: Pissed off being ripped off for insurance
Post by: Rangie on 15 March 2025, 11:17:49
So just renewed with Go Skippy for £240 less than my renewal from LV. I'm insured, don't care about the niceties.
.

I was with LV for over 20 years Steve, they've done themselves no favours at all the RR is now with quote me happy £255 & the Toyota with Tesco £240.
Title: Re: Pissed off being ripped off for insurance
Post by: STEMO on 15 March 2025, 11:52:24
Do you use cashback sites ?
Come on, Albs, I CBA to even breathe some days 😴
Title: Re: Pissed off being ripped off for insurance
Post by: Lizzie Zoom on 15 March 2025, 12:16:03
So just renewed with Go Skippy for £240 less than my renewal from LV. I'm insured, don't care about the niceties.

Did you challenge LV over their quote Steve and try to get them to match Go Skippy?

I certainly have always been able to use that tactic very successfully over the years, including my renewal last month with the AA? ???
Title: Re: Pissed off being ripped off for insurance
Post by: cam.in.head on 15 March 2025, 12:28:38
i was with esure for afew years . 2years ago the onega was £250 . last year they wanted £80 more to renew . found online for £215.  esure wouldnt match it !!
Title: Re: Pissed off being ripped off for insurance
Post by: Rangie on 15 March 2025, 12:37:14
So just renewed with Go Skippy for £240 less than my renewal from LV. I'm insured, don't care about the niceties.

Did you challenge LV over their quote Steve and try to get them to match Go Skippy?

I certainly have always been able to use that tactic very successfully over the years, including my renewal last month with the AA? ???
.

I did Lizzie , and they simply wouldn't budge that's how they afford all the nonsensical TV ads, they always did good rates for Civil servants for years but that's all gone now.
Title: Re: Pissed off being ripped off for insurance
Post by: STEMO on 15 March 2025, 12:46:18
So just renewed with Go Skippy for £240 less than my renewal from LV. I'm insured, don't care about the niceties.

Did you challenge LV over their quote Steve and try to get them to match Go Skippy?

I certainly have always been able to use that tactic very successfully over the years, including my renewal last month with the AA? ???
They said they could come down by £20.
Title: Re: Pissed off being ripped off for insurance
Post by: Field Marshal Dr. Opti on 15 March 2025, 13:44:27
So just renewed with Go Skippy for £240 less than my renewal from LV. I'm insured, don't care about the niceties.

Did you challenge LV over their quote Steve and try to get them to match Go Skippy?

I certainly have always been able to use that tactic very successfully over the years, including my renewal last month with the AA? ???
They said they could come down by £20.

Twenty quid. :-\

That is essentially a 'f*uck you' reply.
Title: Re: Pissed off being ripped off for insurance
Post by: Lizzie Zoom on 15 March 2025, 14:27:18
So just renewed with Go Skippy for £240 less than my renewal from LV. I'm insured, don't care about the niceties.

Did you challenge LV over their quote Steve and try to get them to match Go Skippy?

I certainly have always been able to use that tactic very successfully over the years, including my renewal last month with the AA? ???
.

I did Lizzie , and they simply wouldn't budge that's how they afford all the nonsensical TV ads, they always did good rates for Civil servants for years but that's all gone now.

Maybe using a broker is the way to go as I do now with the AA.  Those of you who have approached the insuring company head on have obviosuly had shit responses;  what else is an offer of £20 less?!! :o :o

By going via a broker ; AA, Confused.com, and the rest, then you find they can get deals that you and I cannot get easily.  It certainly has worked for me, with my premium coming DOWN,  from the 2024 price to this years premium by £110!!  That is after I was given a quote which was well up on the original one, which I strongly challenged.  So I would say, get your quotes only from the main brokers who do not have to pay for the very expensive advertising that direct insurance companies do. ;)
Title: Re: Pissed off being ripped off for insurance
Post by: Migv6 le Frog Fan on 15 March 2025, 15:58:10
I insure four cars every year and trust me, the cheapest way of doing it is to go through Quidco or Topcashback.
My own three cars - Omega, Porsche Boxster, and Citroen C1 altogether, cost less than £500 a year to insure.
Cant remember the figure for the sons Civic, but I do know I saved him a few hundred quid on his renewal from Aviva.
I got a quote from Aviva for the C1 recently. It was around £350.
I went through Topcashback and got it with Aviva for £175 with £40 cashback to come, so £135.
Title: Re: Pissed off being ripped off for insurance
Post by: STEMO on 15 March 2025, 16:06:21
Just done wifeys as well. Aviva zero was £120 cheaper than LV renewal. So that's £900 worth of business they've lost.
Title: Re: Pissed off being ripped off for insurance
Post by: TheBoy on 15 March 2025, 16:53:00
they always did good rates for Civil servants for years but that's all gone now.
I cancelled my CSMA membership when (then) Frizzels used to take the piss on insurance, and I was getting about £1k cheaper elsewhere!
Title: Re: Pissed off being ripped off for insurance
Post by: Rangie on 15 March 2025, 18:40:07
they always did good rates for Civil servants for years but that's all gone now.
I cancelled my CSMA membership when (then) Frizzels used to take the piss on insurance, and I was getting about £1k cheaper elsewhere!
.
Yes me too cancelled the CSMA membership when I quit LV last year the magazine had become rubbish, and I never really used any of the offers. Frizell thanks for jogging my memory I couldn't recall that name at all..👍
Title: Re: Pissed off being ripped off for insurance
Post by: Rangie on 15 March 2025, 18:44:55
So just renewed with Go Skippy for £240 less than my renewal from LV. I'm insured, don't care about the niceties.

That's my sentiments exactly with the RRS ,as long as its legal that's all I want they only value at £2500 so it would be a write off for any minor damage I would imagine , the Toyota came up with a value of £22,000 so I wanted a suitable level of cover & Tesco came up best.
Title: Re: Pissed off being ripped off for insurance
Post by: cam.in.head on 15 March 2025, 19:12:19
can someone explain the point /benefit/reason of the cashback deals . why give cashback vs just do it cheaper to start with ?????
Title: Re: Pissed off being ripped off for insurance
Post by: Doctor Gollum on 16 March 2025, 03:40:55
Kickbacks. In the same way that the only reason US airlines are profitable is because of the revenue generated from promoting Amex.

Topcashback as a company turned over around £140 million in 2023,  but it carries a debtor line of around £96million. Of that £44 million left, it made a profit of £1.4 million.*

Interestingly, it's parent company, Top Online Partner Group Ltd is listed on the board of Tribe Impact Capital LLP.

You might save a few quid here and there, but ultimately they profit from that by leveraging your membership against their earning potential.

*The company accounts are freely available on .gov.uk
Title: Re: Pissed off being ripped off for insurance
Post by: Sir Tigger KC on 16 March 2025, 08:24:12
I tend to get quotes from the 3 main comparison sites and compare their prices, and then go to topcashback and see if the cheapest price is available with a cashback.  :y
Title: Re: Pissed off being ripped off for insurance
Post by: Rangie on 16 March 2025, 08:59:34
I tend to get quotes from the 3 main comparison sites and compare their prices, and then go to topcashback and see if the cheapest price is available with a cashback.  :y
.

Yes I'm the same now always check at renewal time not worried about cashback, but I don't like being taken for a ride when it comes to renewing.
Title: Re: Pissed off being ripped off for insurance
Post by: Sir Tigger KC on 16 March 2025, 09:30:20
I tend to get quotes from the 3 main comparison sites and compare their prices, and then go to topcashback and see if the cheapest price is available with a cashback.  :y
.

Yes I'm the same now always check at renewal time not worried about cashback, but I don't like being taken for a ride when it comes to renewing.

Yep, if you have to argue every year with your insurer for a reasonable premium, it's time to find a new provider.  ::)

I rarely renew, just shift to the cheapest. They don't value customer loyalty.  :-X
Title: Re: Pissed off being ripped off for insurance
Post by: TheBoy on 16 March 2025, 10:25:55
can someone explain the point /benefit/reason of the cashback deals . why give cashback vs just do it cheaper to start with ?????
Pretty much as DG says, though the insurance company will pay a marketing company to drive hits or purchases, and that marketing company will do deals with the cashback sites, so its rare the insurance company (or any other retail outlet) will deal directly with the cash back sites.

The way I look at it is find a cash back site that is free to use or only charges a small subscription you are happy with, and reap the benefits of that system.  Even the Gay of E where you usually only get 1% of the ex VAT, ex delivery, so usually only a few pence, it all adds up over time.
Title: Re: Pissed off being ripped off for insurance
Post by: Migv6 le Frog Fan on 16 March 2025, 10:41:13
Indeed it does. I would estimate Ive easily had a couple of grand from the cashback sites over the years.
Title: Re: Pissed off being ripped off for insurance
Post by: Doctor Gollum on 16 March 2025, 11:26:17
Indeed it does. I would estimate Ive easily had a couple of grand from the cashback sites over the years.
How much have you spent to get that saving though?
Title: Re: Pissed off being ripped off for insurance
Post by: Migv6 le Frog Fan on 16 March 2025, 11:38:02
From memory both sites take a fiver a year from your savings.
Title: Re: Pissed off being ripped off for insurance
Post by: Doctor Gollum on 16 March 2025, 15:25:55
But does the cash back exceed the amount spent via their sites Vs not using them...

If they give you £30 back but you could have bought the exact same thing from somewhere else for £30 less (probably an even greater difference), have you actually benefitted?
Title: Re: Pissed off being ripped off for insurance
Post by: STEMO on 16 March 2025, 15:28:20
According to MSE, they are worth it, but sometimes you wait a while for your money.
Title: Re: Pissed off being ripped off for insurance
Post by: Doctor Gollum on 16 March 2025, 15:30:40
According to MSE, they are worth it, but sometimes you wait a while for your money.
While someone else earns interest on it. Still seems a bit of a pointless exercise.
Title: Re: Pissed off being ripped off for insurance
Post by: STEMO on 16 March 2025, 15:32:17
According to MSE, they are worth it, but sometimes you wait a while for your money.
While someone else earns interest on it. Still seems a bit of a pointless exercise.
Ballache, maybe, I definitely CBA. But some think it's worth it, so...
Title: Re: Pissed off being ripped off for insurance
Post by: Doctor Gollum on 16 March 2025, 15:33:43
I am quite impressed by how little profit a £140 million pound company can actually make.
Title: Re: Pissed off being ripped off for insurance
Post by: Migv6 le Frog Fan on 16 March 2025, 15:57:12
But does the cash back exceed the amount spent via their sites Vs not using them...

If they give you £30 back but you could have bought the exact same thing from somewhere else for £30 less (probably an even greater difference), have you actually benefitted?

Yes.
Title: Re: Pissed off being ripped off for insurance
Post by: TheBoy on 16 March 2025, 16:12:00
According to MSE, they are worth it, but sometimes you wait a while for your money.
While someone else earns interest on it. Still seems a bit of a pointless exercise.
You don't buy anything simply because they are on cash back sites.  You buy something that you were going to buy anyway, from the place you were going to buy it from, only you get money back, usually after a few weeks.

Surely that has to be better than a kick in the gonads?


I'm several thousand quid up over the last couple of decades, this is essentially free money.  I would have bought the products and services I bought anyway, so the only "inconvenience" is having to go through a cash back site first before going on to the real site.
Title: Re: Pissed off being ripped off for insurance
Post by: Migv6 le Frog Fan on 16 March 2025, 18:18:23
Zackley  :y
Title: Re: Pissed off being ripped off for insurance
Post by: biggriffin on 16 March 2025, 19:53:36
But does the cash back exceed the amount spent via their sites Vs not using them...

If they give you £30 back but you could have bought the exact same thing from somewhere else for £30 less (probably an even greater difference), have you actually benefitted?

  ^^^^^^^This every Time...

 Having looked at Insurance through cash back and non cash back,,  it's normally cheaper via non Cash back. My argument is why not just offer the product cheaper instead of all the up selling and smoke+mirrors B.S
Title: Re: Pissed off being ripped off for insurance
Post by: Doctor Gollum on 16 March 2025, 22:10:58
But does the cash back exceed the amount spent via their sites Vs not using them...

If they give you £30 back but you could have bought the exact same thing from somewhere else for £30 less (probably an even greater difference), have you actually benefitted?

Yes.
I don't mean "does the cash back received exceed your subscription?"

I mean "had you purchased elsewhere, would the money saved have exceeded the cashback received from going through a cash back agency?" I suspect that the answer is actually no.
Title: Re: Pissed off being ripped off for insurance
Post by: Sir Tigger KC on 17 March 2025, 06:27:29
But does the cash back exceed the amount spent via their sites Vs not using them...

If they give you £30 back but you could have bought the exact same thing from somewhere else for £30 less (probably an even greater difference), have you actually benefitted?

Yes.
I don't mean "does the cash back received exceed your subscription?"

I mean "had you purchased elsewhere, would the money saved have exceeded the cashback received from going through a cash back agency?" I suspect that the answer is actually no.

As TB said, you don't buy anything because there's a cashback, you find the cheapest and then go and see if there's a cashback available as well.  :)
Title: Re: Pissed off being ripped off for insurance
Post by: Migv6 le Frog Fan on 17 March 2025, 07:26:45
This ^.
Title: Re: Pissed off being ripped off for insurance
Post by: TheBoy on 17 March 2025, 08:22:33
But does the cash back exceed the amount spent via their sites Vs not using them...

If they give you £30 back but you could have bought the exact same thing from somewhere else for £30 less (probably an even greater difference), have you actually benefitted?

  ^^^^^^^This every Time...

 Having looked at Insurance through cash back and non cash back,,  it's normally cheaper via non Cash back. My argument is why not just offer the product cheaper instead of all the up selling and smoke+mirrors B.S
Its a check you do, as you are going to be getting quotes from different sites anyway, so you know what you're going to be paying.  Some allow you to save the quotes, then you can still go back in a buy via the cashback sites.

Yes, in an ideal world, it would be nicer just to have cheaper products, but as we don't, we find other ways to make it cheaper.


And as said before, it's NOT the company you are buying from that pays the cashback company, its a marketing company.