So it’s renewal time on the 10AE. Went with club recommended insurer Peter James last year… £220 quoted for 2,000 miles pa for 2 retired drivers with clean history and zero years NCD (as already using NCD on another vehicle). Tried Adrian Flux. Best offer £204. Instead of the classic car insurers, I’ll try Moneysupermarket thought I. Can’t be any worse. So I did.
Quoted £103 with Be Wiser underwritten by the same company that used to cover the car previously with Adrian Flux. And a £15 reward/kickback from Moneysupermarket.
How does this make any sense?
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Mums Kia picanto is £800 renewal because she can’t be bothered to or does not know how to shop around for the best prices.
We have grown up to compare prices but the older generation, in their millions, as above rely on loyalty to one company, and these companies know this. Hence higher premiums on renewal from our present insurer. Insurance companies also rely on the fact that when we get old we won’t be bothered either and we will enter into their trap.
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I think I remember this from somewhere. By law Insurance companies cannot offer worse renewal deals than they offer to new customers. Their way round this is to offer best deals only through comparison websites as “special” deals.
Recently re-insured a light commercial. A different broker offered a £200 less premium with the same insurer and with higher mileage allowance (?!). Apparently the second broker was able to offer under a different scheme they had with that insurer. Beats me…
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The test comes when you come to make a claim, and you find out your claims agent is over in Hanoi or Manila.
If businesses put as much effort into customer service as they do in trying to circumvent customer protection laws …… an alternative universe.
Insurance in the UK is a rip off period. There’s a reason they can afford to be the main sponsor at Motorsport events. So no surprise their prices are not consistent.
My Insurance is due in less than a month so I am shopping round.
Obviously my first call was to the Club insurer Peter James.
First questions were how old is the car, what mileage do you do & we don’t do No-claims bonus! If you pass those hurdles she informed me if my last Insurance was less than £550 I was wasting my time with Peter James, she never even asked what car I had!!!What a waste of time, the Club really needs to find someone better than this. A quick search came up with Admiral at £313 for my 30AE BBR220 & other mods.
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