Hello,
Looks like the motor insurance industry are at it again, with extortionate price hikes !
This pops up every few years, the Goverment ultimately gets involved, and things settle down... then, when the spotlight moves onto something else, the insurance companies get back to their old tricks, if trying to rip people off.
My renewal arrived in, recently, from Aviva. It was almost 30% higher than the premium I paid, last year.
I had no claims, so continue to have a full NCB, no points on my licence, still live at the same address etc.
I did change car, shortly after I paid my premium last year, paid an additional €50 at the time, but I've factored that into the calculations, to arrive at a circa 30% increase that's now requested.
Suffice to say, I was far from happy, so stated to get quotes elsewhere, including through a couple of the well known online brokers (Chill etc). They've all come back with even higher quotes !
While I acknowledge that there's inflation to provide for, and even if I accept that the companies are trying to improve their margins a little, I'm still not seeing any justifiable reason for more than about a 6% - 8% increase.
Any thoughts on what I can do here ?
Sure, I can kick up a fuss and threaten to move provider, but that will only result in costing me even more more money.
Complaining to politicans is a slow and usually unproductive process, unless there's large numbers of the public complaining, it's best election time, or the politicans are being directly hit in the pocket, themselves.
Thank you.
Looks like the motor insurance industry are at it again, with extortionate price hikes !
This pops up every few years, the Goverment ultimately gets involved, and things settle down... then, when the spotlight moves onto something else, the insurance companies get back to their old tricks, if trying to rip people off.
My renewal arrived in, recently, from Aviva. It was almost 30% higher than the premium I paid, last year.
I had no claims, so continue to have a full NCB, no points on my licence, still live at the same address etc.
I did change car, shortly after I paid my premium last year, paid an additional €50 at the time, but I've factored that into the calculations, to arrive at a circa 30% increase that's now requested.
Suffice to say, I was far from happy, so stated to get quotes elsewhere, including through a couple of the well known online brokers (Chill etc). They've all come back with even higher quotes !
While I acknowledge that there's inflation to provide for, and even if I accept that the companies are trying to improve their margins a little, I'm still not seeing any justifiable reason for more than about a 6% - 8% increase.
Any thoughts on what I can do here ?
Sure, I can kick up a fuss and threaten to move provider, but that will only result in costing me even more more money.
Complaining to politicans is a slow and usually unproductive process, unless there's large numbers of the public complaining, it's best election time, or the politicans are being directly hit in the pocket, themselves.
Thank you.
.