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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Car Insurance renewals just a such a blatant rip-off

8 replies

BibbleandSqwauk · 04/04/2024 12:07

I always shop around every year when the renewal comes up. This time it had gone up from £296 to £503. No accidents, same car, absolutely all parameters the same. I went ahead with a different company that was able to give the same terms as the old policy for just over £300. When I rang the first company to cancel the renewal (which you can't do online) I was on hold for 20 minutes and then inevitably was begged to stay with them and they would match the price of the other company. I asked the guy if they could offer me insurance for £300, why not just do that then? Had they quoted me anything within £50 of the old price I'd have stayed and just let it auto-renew. Its so obvious they just bank on people being too busy and stressed to remember and the exorbitant renewal goes through unchallenged. I can't stand how so much of modern life is like this. The only reason I have time to do this with car, pet and now broadband prices is because I'm a teacher on school holidays. If it was term time I'd probably just let them roll. It just feels so grabby and exploitative. No voting, just having a rant but AIBU to think there's something rotten at the core of so many businesses now and absolutely no desire to genuinely give people a good deal?

OP posts:
BorisIsACuntWaffle · 04/04/2024 12:09

Yanbu

Mrsttcno1 · 04/04/2024 12:11

Totally agree. My car insurance quote came through in Feb for nearly double last years price, I rang them to ask about the price and they immediately reduced it by £210 “because you’re an existing customer”. Considering they already knew I was an existing customer, because they sent me the RENEWAL quote, I asked why on earth that discount wouldn’t have been reflected in the renewal quote I’d been sent. He didn’t have an answer for that.

It’s all a bit of a scam in the hopes people won’t notice or will be too busy to ring and query it!

PinkSparklyPussyCat · 04/04/2024 12:13

Mine nearly doubled and they wouldn't reduce it. I went elsewhere and got it a lot cheaper but still more than I paid the year before

PinkIcedCream · 04/04/2024 12:47

Mine has consistently been reducing over the last five years. Swapped car from Honda CRV to a Mitsubishi Outlander in summer 2021.

2021 - 506.49 (Honda)

2022 - 455.13
2023 - 426.44
2024 - 400.68

I'm in Ireland. Our cars cost more to buy than in the UK.

Distantwhispers · 27/06/2024 17:45

Talking about car insurance, i had to recently scrap my car as it had gearbox failure. I went online & found an amazing car, it was a UK spec polo imported from Japan. 2017 & in mint condition, with only 20,000 on the clock.
Insurance for this car was a joke, quotes came in from £800 to £1,600 a year! Absolutely shocking. I am 59 & been drinking for 25 years with no claims & 100% clean license.
I then found another nearly identical car, one year older but with only 14000 on the clock. Not an import. Price was about the same. Got insurance quote for £450 a year!!
The world of insurance is insane & as corrupt as the Government.

catin8oots · 27/06/2024 17:47

Hundro percent agree. Had the exact same rant from DS last week. His was going up from £400ish to around £750 he only just saw the emails in the nick of time and spent an afternoon cancelling and then getting new quotes.

Scammy wankers.

ShiningforLeeBertie · 27/06/2024 17:47

Distantwhispers · 27/06/2024 17:45

Talking about car insurance, i had to recently scrap my car as it had gearbox failure. I went online & found an amazing car, it was a UK spec polo imported from Japan. 2017 & in mint condition, with only 20,000 on the clock.
Insurance for this car was a joke, quotes came in from £800 to £1,600 a year! Absolutely shocking. I am 59 & been drinking for 25 years with no claims & 100% clean license.
I then found another nearly identical car, one year older but with only 14000 on the clock. Not an import. Price was about the same. Got insurance quote for £450 a year!!
The world of insurance is insane & as corrupt as the Government.

Give up the drinking and you can afford the insurance 🤗

Sendinsanity · 27/06/2024 17:49

Yes. My insurance wanted to raise mine from £68 to £100 a month for no claims, no changes on renewal. Tesco.quoted me £48 a month so I rang mine to cancel. They then beat the price without me.asking

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