Hi all,
I just wanted to let you know about our situation as regards insurance renewal.
Without naming and shaming!
We have had a policy with a large company for the past 3 years, 1 of us has a full license(male) and one a provisional(female). Last year through shopping around, we managed to negotiate our policy down to €800 from €1K. This year when we received our renewal quote, it was for €1K, so off down to the local branch where we were informed that it was now policy for this company to try and recoup the losses incurred at discount stage the previous year, and the largest discount we could possibly be offered was 20%, which would match last years premium.
Needless to say, we went elsewhere and managed to save 40% on our renewal quote this year with another large firm (€600) for the pair of us. But I find it interesting that insurers are trying to recoup losses from discounts. One to be aware of anyway when renewing your policy
I just wanted to let you know about our situation as regards insurance renewal.
Without naming and shaming!
We have had a policy with a large company for the past 3 years, 1 of us has a full license(male) and one a provisional(female). Last year through shopping around, we managed to negotiate our policy down to €800 from €1K. This year when we received our renewal quote, it was for €1K, so off down to the local branch where we were informed that it was now policy for this company to try and recoup the losses incurred at discount stage the previous year, and the largest discount we could possibly be offered was 20%, which would match last years premium.
Needless to say, we went elsewhere and managed to save 40% on our renewal quote this year with another large firm (€600) for the pair of us. But I find it interesting that insurers are trying to recoup losses from discounts. One to be aware of anyway when renewing your policy