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To be shocked at the rise in my Tesco's home insurance?

(30 Posts)
extremehydration Fri 05-Apr-19 09:26:19

Just found out that my Tesco's home insurance has risen by 384% shock

We have made no claim on it whatsoever, low crime rates, etc.

Guy on the phone has no idea why it has risen so much, but there has been no mistake apparently.

Needless to say, I will be looking elsewhere. Any recommendations, please?

SilentSister Fri 05-Apr-19 11:51:24

I switch everything, every year, and generally between Aviva and Direct Line. It is a PITA, and they always accept this is just the way it is, it is such a waste of time. They both put their premiums up every year, but switch between the two and they always then quote a cheaper price than the previous year in which they quoted. Another trick is just switching names between DH and me, you always get a new customer price even though on the same house.

On the car front I just switched DD from Aviva to Direct line and saved £500 for her, and £100 for each of DH and myself and with lower excesses. It makes no sense.

BrexitBirgit Fri 05-Apr-19 11:38:23

One year I rang Directline in a similar situation, having just gotten a NEW quote for equivalent (and better for some details) cover from, yes you have guessed it, Direct Line! Operator agreed that it was a conundrum, cancelled the old policy and re-signed me up with a new policy, which was perfectly acceptable to them.
I usually swap every year (been with Admiral and Aviva since), and remember that some of the bigger providers are not on the comparison sites.

Eliza9919 Fri 05-Apr-19 11:19:48

Huh, just checked mine and its over 300pa if you add it up (I pay monthly). Its all as was when the mortgage advisor person set it all up. On compare the market, Admiral have quoted 129. I'm going to get my policy out and compare the policies and switch. Been meaning to for ages.

scaryteacher Fri 05-Apr-19 10:33:00

Have you tried M&S OP. They are who I use in the UK for buildings and contents, and my home is period stone built. never had any issues.

ItsAllGone19 Fri 05-Apr-19 10:25:12

You're no longer an attractive demographic to them for whatever reason (not anything to be concerned about, all insurance companies have preferred demographics based on their operating model rather than societal influences).

As insurance refusal is a bad thing and can jeopardise your ability to gain insurance elsewhere it's best practice to outprice yourself from an insurance customer so they walk away of their own accord. I suspect they've done this.

As Tesco are going through massive structural changes I wouldn't be shocked if they are slowly and purposefully winding down their customer base through high pricing.

InspectorClouseauMNdivision Fri 05-Apr-19 10:23:08

Just yo add. Twatmiral was ever so kind to offer £10 off when I mentioned I found cheaper quotes🙄

InspectorClouseauMNdivision Fri 05-Apr-19 10:21:43

I had the same with Twatmiral!
No claim in 2 years, but it has risen considerably. I just moved to a different company.
Twats

extremehydration Fri 05-Apr-19 10:20:05

Oh my! So I''m unwanted? LOL! I guess I can understand why they do it.

DP on phone to NFU at the moment...I heard him that "THAT much?" so it's not looking good I don't think! grin

SouthernComforts Fri 05-Apr-19 10:17:55

Yeah I was actually laughing with the guy on the phone. It's as close to refusing to insure me as it gets, and he admitted that. They just price you out.

extremehydration Fri 05-Apr-19 10:16:20

I was a named driver on my dads car for years for around £250. I bought my own car, phoned them for a quote and it was £4000

shock OUCH!

SouthernComforts Fri 05-Apr-19 10:14:46

Sometimes they just don't want to insure you anymore. I was a named driver on my dads car for years for around £250. I bought my own car, phoned them for a quote and it was £4000. I did a price comparison and got insured for £600. 🤷‍♀️

extremehydration Fri 05-Apr-19 10:13:28

Our house is TINY too - just two bedrooms and all the rooms are very small.

buzzbobbly Fri 05-Apr-19 10:12:12

Stone isn't non standard

I meant compared to Barratt Box estate homes with brick walls and tiled roofs.

(one of which I live in myself, so I'm not being snooty! grin )

quietcontentment Fri 05-Apr-19 10:10:21

Just one for thought OP, I have just renewed mine. I was with Churchills, last year it was £117 this year it is £129. I have checked the comparison sites I have got with LVE for £107, but did also check ASDA's website and was quoted £224 and LLOYDS site which was £134.
Even LVE was £10 more on one comparison website than the one we went through in the end.
Shop around op the differences can be huge, I change insurer every year and have kept it under £120. I was with LLOYDS one year and their renewal jumped up £70 and all the could do was knock £20 off, thats when I switched to Churchills.

BarbaraofSevillle Fri 05-Apr-19 10:09:58

Stone isn't non standard confused. Half the houses in the country are built out of stone.

Non standard is pre fabricated, timber framed, that sort of thing.

buzzbobbly Fri 05-Apr-19 10:07:28

Anything non-standard is a bit of a PITA for standard insurers. They just don't like it very much. I'm wondering if someone like NFU might be more open to stone buildings, given their farming roots? Aside from the usual comparison/cashback trawl of course.

(Like how Saga insurance doesn't like insuring younger drivers so gives ridiculous quotes to try and head them off at the pass).

extremehydration Fri 05-Apr-19 10:06:17

Thanks, thenightsky - yeah, they're just trying it on, aren't they? CFs indeed.

thenightsky Fri 05-Apr-19 10:04:35

We had Nat West house insurance and it tripled last year. We rang them up and said we'd been quoted xxx by another company (think it was Admiral) and they immediately dropped it to that lower price! We still didn't go with them as DH was so angry that they'd had the cheek to quote the triple price in the first place, given how quick they were to drop it when we rang. Cheeky Fuckers.

Same issue last week with RAC cover. Double last year, dropped to less than last year when we rang and queried it.

extremehydration Fri 05-Apr-19 10:00:08

OnlyFoolsnMothers
Thanks - I looked up Zurich, but they are not taking on new accounts at the moment sad

Our home is stone-built. I don't know if that has any bearing. It is not listed or anything like that.

OnlyFoolsnMothers Fri 05-Apr-19 09:42:51

Zurich home- had two claims in the last five years, each totalling c.£15k and my renewal has never gone up by more than £30

Tomtontom Fri 05-Apr-19 09:39:49

My premium is still half your old one. There's no minimum!

Ilikethinkingupnewnames Fri 05-Apr-19 09:39:45

Tesco have also stopped selling travel insurance, wonder if they are trying to give up house insurance as well.

extremehydration Fri 05-Apr-19 09:35:34

They don't want to insure you any more. Was it very low before and they have a new minimum premium, for example you were paying £50 a year and it's gone up to nearly £200 per year?

That could be it. We were paying £170 a year before.

Tomtontom Fri 05-Apr-19 09:34:27

Mine went up 40% and I thought that was bad!

There's definitely no minimum amount. They're just relying on people not shopping around.

BarbaraofSevillle Fri 05-Apr-19 09:31:55

They don't want to insure you any more. Was it very low before and they have a new minimum premium, for example you were paying £50 a year and it's gone up to nearly £200 per year?

It was on the news this morning that people are being punished for loyalty and you have to shop around for better prices. Companies were complaining that people shopping around was costing them money and I commented to DP that we don't do it for fun and if they offered decent prices to existing customers we would stay with them instead of trawling the internet for better prices.

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