New Car Insurance Renewal Rules

About time this change was made:

“Anyone renewing their policy will pay no more than they would as a new customer, under regulations set by the Financial Conduct Authority (FCA)…”

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Most likely still cheaper for new customers due to fact this most likely won’t include discount going through search engines comparison sites.

Just renewed mine, I rang up and immediately was given a ‘20% retention discount’.

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Insurance companies never go bust, they’ll just find another way of squeezing us all until the pips squeak…

Ideally this should apply to all insurance policies.

every year I play this game with my AA cover going up by 25%, I believe its the same for RAC as well…

This would explain why my insurance renewal actually went down this year!

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Mines due next month, went online and got renewal quote, £20 less than last year.

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