OT:van insurance

Aug 25, 2019 Last reply: 7 years ago 6 Replies

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michael adams 7 years ago

Everybody probably already knows this but... I had a renewal quote in a letter from Direct Line increasing my annual premium to £463.68 I went on line to Go Compare* and the best comparable quotes were £409 and £417 When I just now phoned up Direct Line and spoke to a young lady (who sounded like Dobby from Peep Show )- and explained all this, reading the figures straight off the screen, she shortly came back with a quote of £389.

The irony is that a couple of years ago, Direct Line who don't appear on price comparison sites were often cheaper than the best quotes on Go Compare. Which is why I first used them. Whereas now they seem to be that much more expensive even allowing for the fact that they bump up your premium every year. At least until you threaten to leave. (As I said everybody probably already knows this....)

michael adams

*I've never actually bought any insurance via GoCompare, although I've used the website a number of times and even have a password. Whether these are the sort of comparisons they had in mind when setting up the site - punters using the quotes on their site so as to get better premiums elsewhere, I somehow doubt.

...

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Information here may be outdated?

Dave Plowman (News) 7 years ago

Direct Line are (or were) perhaps the worst for bumping up your premium each year and hoping you wouldn't notice.

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charles 7 years ago

I've jst received a renewal offer from my insurance companay. The letter tells me what I paid last year.

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Bob Eager 7 years ago

I believe they have to do that now.

We renewed house insurance a few months ago. Recently we received a grovelling letter tellinmg us they had failed to show the old premium, and stating it then and there.

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Tim+ 7 years ago

Last time I tried Compare the Market or Go Compare (I honestly can?t remember which) it turned out to be useless (due to having had a claim in the last 3 years).

The sticking point in getting a quote was the question ?how much were the repair costs?. This is a figure I?ve never been given when my car has had an insurance claim.

Without this figure you can?t declare that all the information is accurate. GC (or CTM) helpfully suggested I try and remember who insured me three years ago and ask my old insurer. It makes a nonsense of going to a ?one stop shop? to get quotes.

I?ve never been asked for repair costs by any insurer I applied to directly.

Tim

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Dave Plowman (News) 7 years ago

IIRC, they've been forced to do this, and not before time.

I always note last years premium on the prog I use to remind me when such things are due to be renewed.

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alan_m 7 years ago

They have to do this now.

Last year when I changed my car and insurance details and the company charged me an admin fee. This fee was added to my previous premium and quoted as single figure in the renewal quote. This disguised some of the bump in premium for this year. I still managed to find insurance elsewhere approx 25% cheaper than the renewal quote.

I note that a few insurance companies are stating that they will not increase the premium in the second year _BUT_ only if you buy their premium product that has many paid for extras that you probably either don't need or could source cheaper elsewhere.

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