Home Home Insurance Scam

Anybody noticed that after the raids by European regulators this year to investigate the exorbitant motor insurance costs, suddenly motor insurance premiums stabilised.
Not to be outdone however the same innovative insurance companies quickly switched from ripping off people on the motor policies to doing exactly the same regarding home policies, in the hope that it wont be noticed or they will get a few good years out of it until somebody cries stop.
Anybody know who to contact in the European regulators office as I feel they need to do a return visit.

I haven't noticed the motor insurance costs stabilising in any way. I am in the market for a new car for a while now and have been checking quotes regularly for different cars, there is no difference between a year ago and today on any I have tried. On the other hand my house insurance has actually gone down this year and is only €400 as against €530 I was paying few years ago.

BLUEMAN - Where is the scam? What evidence have you?

Monbretia said:

I haven't noticed the motor insurance costs stabilising in any way.

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Nor I. I fought hard to get a motor premium below €500 this year. House insurance down a bit year on year NOT by €130 though!!

That reduction of €130 is over 3 yrs, it has reduced a bit each year down from the €530 much to my surprise! That's through a broker and I didn't even go looking for reductions

My house insurance also went down this year and I got three competitive quotes, all less than I paid last year. This is the first year in a while that I have looked around for quotes.

Hey folks thanks for feedback but its acknowledged now that motor insurance has "generally" stabilised following these raids on insurers. Up to this motor cover had increased year on year and sometimes doubled. You will note that i didnt state that they had dropped ,only "stabilised ". I accept looking at your responses home cover too has started to go down.My whole point is that only for european regulators these Insurers had collectievely declared war on their customers to bolster their profits ;until their offices were raided.

Hey folks thanks for feedback but its acknowledged now that motor insurance has "generally" stabilised following these raids on insurers. Up to this motor cover had increased year on year and sometimes doubled. You will note that i didnt state that they had dropped ,only "stabilised ". I accept looking at your responses home cover too has started to go down.My whole point is that only for european regulators these Insurers had collectievely declared war on their customers to bolster their profits ;until their offices were raided.

So no scam then???

Mine has just gone from €475 to €1,100 so I'm shopping around...

had you a claim? If so, you should have been told of the possible increase when you notified the claim. If you had no claim, then shop around as premiums have not gone up that much