Quote: Originally posted by purplebean on 23/10/2018
I have just been on a comparison site £414 compared to the £1000+ that my current insurance want
I always try at least 3 different comparison sites, as they do not all quote the same prices for the same insurer. For example, when I went on one comparison site recently I was quoted £338, but when I went on a different comparison site they quoted me £369 with the same insurer. Try another comparison site, and you may get it down below £414.
Why the crazy differences between insurers? It's ridiculous!
just had my renewal from Saga,this year i paid,£333.00,,renewal price...£426.00,went to comparison sites ,comparethemarket and go compare ,,the meerkats were cheaper, the cheapest quote was £312 £21.00 cheaper than 2018,but they had high excess,and no uninsured driver payment,so settled with quotemehappy at £340,and it ticked all the boxes,,this was for 14PLATE Volkswagen r line tiguan,...i called saga to inform them of my intentions ,eg not renewing and the lady asked if the reason for leaving was the price they quoted and i said yes , she wasn't at all bothered and said thanks for the business and she would delete my bank details and i was covered up until cut off date,,and im positive i will be doing the same again this time next year,
Quote: Originally posted by badger54 on 18/10/2018
Two years ago I paid Saga £160 to insure my camper, last year it went up to £220, my renewal for this year just arrived - - £485! I phoned them to query such a big increase, it appears they had added UK and European breakdown to it for some reason, and taking that off reduced it to £375. I said that this was not acceptable and it then went down to £330, and then after more discussion £307. Even that means that in 2 years they have almost doubled my premium - - time to go elsewhere methinks.
I have just gone with Comfort, an extra 1000 miles a year, and £259.13.
I have just run another check, this time with Uswitch. Lowest quote was £356 and the highest was £1,756. Unbelievable!! Maybe they misread my details and have given me a quote for a 17 year old driving a brand new Bugatti Veyron? Where on earth do they get these figures?? Why do they even bother quoting, or do some people actually pay these crazy prices? There was no real noticeable difference in the cover offered between the cheapest and the dearest so why the ridiculous difference in price?
I only ever really consider the lowest 3 or 4, and only look at those above that out of curiosity, or for a good laugh!
Still waiting for my renewal quote from my current insurer.
I think rather than complain one has to do what the market requires to keep prices reasonable & shop around at every renewal time. This is the reason we pay what we pay at renewal time. The market is finding it’s own price level.
What is the alternative? If insurance co’s did not run this sort of competitive market & one stayed “loyal” to one’s insurer & renewed every year with just a few quid price increase how much extra would one be paying after 10 or 20yrs?
So the market decides provided the individual punter allows the market to decide. If there is an alternative to this to keep premiums lower then please post it up. Insurance co’s are businesses & like any other business they let the market decide their prices. If they do not want your business it will be reflected in their quoted price so go elsewhere. What do other prices matter? All you want is the lowest price that gives you the required cover.
I have been with Saga for the 15yrs since I turned 50. Each year I pay the least premium of any insurer available both for car & home because so far every yr I have shopped around for cheapest quote & Saga have always matched that + a £ lower.
What you are quoted depends very much on your own circumstances, what vehicle you drive, your experience, and where you live. I alway check at least 3 comparison sites, and a few insurers that aren't on them, every renewal time. I never just renew automatically.
I tried Saga myself on several occasions, both with the car I have now and my previous one, and they don't come within my top 10. They are usually about a third of the way between the cheapest and the dearest.
I am currently with ClubCare through the C&CC, and have been for the past 3 years, but I suspect I won't be when my renewal come up next month, as they charged me quite a bit extra when I changed my car last month. I had been expecting a small reduction, as the "new" car has a smaller engine. It seems different companies like/dislike certain cars.
The main purpose of my original post though was to highlight the unbelievable difference between the highest and lowest quotes on the comparison sites. If one company can quote £356, how come any other wants any more than double the amount, let alone nearly 5 times as much. If they don't want the business, why not just say so instead of giving a ridiculous quote? Surely they must realise that their quote is totally uncompetitive?
I think it all works by alogrithms Colin. No human contact at all. You input your details & those details go through a digital process. Many insurers concentrate on a certain section of the market so their sites will reject anything outside that particular profile.
Presumably the process works by giving both competitive & uncompetitive quotes according to inputted details but cannot actually refuse to quote at all?
Back in the day I recall going to my local insurance broker & he did the leg work finding the best quote but maybe he would only give quotes from providers who paid him the best commission so perhaps what we have now is better?
Yes indeed keuken, I'm sure what we have now is better. I'm also sure it does use algorithms as you can get a quote within a minute or so, 24/7.
I too used to use a broker, but I think the comparison sites do similar with regard to commission, as why else would different comparison sites give different quotes with the same insurer? That's why I always check at least 3 sites.
Best quote I have had to date is with the AA through Moneysupermarket.com but Comparethemarket wanted to charge me £30 more for the same policy with the AA. They all vary.
I still think it's weird though that one company wants to charge 5 times what another company quotes for the same vehicle and owner. I would have expected the quotes to have fallen within a much smaller range, possibly with the dearest being twice the cost of the cheapest. I fully accept that a young person with next to no driving experience and driving a powerful, expensive car would pay a great deal more than someone with more than 40 years driving experience driving a small, cheap hatch-back, but the same person driving the same car?? Why on earth does one company want 5 times as much as another whoever the customer is?
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Topic: Insurance co`s who don`t want business
