Car insurance renewal – 1175.97% increase

by megacky

11 comments
  1. So another years no claims, living in the same house, with no changes in circumstance or points etc. has me getting an 1175.97% increase to my car insurance. Away to fuck

  2. In other words: We don’t want to insure you, please leave or pay the lazy bastard tax

  3. It’s a bandwagon now. All of the big industries are just ripping the absolute shit out of us and saying “aw shucks, cost of living 🤷🏼‍♂️”. If their costs are spiralling then why are their profits booming too? The absolute bastards

  4. If your bored and want to give them a hard time, run a new business quote with them and if it is cheaper complain and ask them how their pricing complies with ICOBs 6B.2.1, the FCA requirement that renewals are not more expensive than the equivalent new business price.

    Get it in writing and assuming any reply is just waffle (and not that you forgot about some massive change like a claim for running over 10 kids or something) complain to the FOS and the FCA.

    And intbhe meantime, find a better firm for next year

  5. That’s called a ‘fuck off’ price and that they don’t want to insure you any longer.

  6. You dont happen to drive an electric car OP? Seen a lot of coverage that insurers are offering daft quotes for them or not at all.

  7. Ours went up 30% and we live in a place where there as been 3 car set alight and BMWs stolen for fun in the last year…. I was surprised the area wasn’t higher.

  8. Mine tried the same shit this year.

    And I talked to others who have seen the same.

    Comparethemarket found me a new insurer at the same rate as last year.

    Start looking a month before your insurance is due to run out (like today), get a new policy at the best price and set it up to begin the day the other one ends.

    Call this insurer and tell them you don’t want to renew.

    Don’t cancel, just say you don’t want to renew.

  9. Got a new quote with a different insurer, – £45 a month for essentially the same policy. Going up a bit, I can understand, getting a quote for 11x is just fucking ridiculous.

  10. Sorry folks

    Insurance companies have caught on that you all drive like inconsiderate ballbags that are off their tits on glue and that’s that

    Joking of course (well, at least for some of you anyway…) but it’s a fucking racket. Insurance companies have no business charging what they’re currently charging

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