I had a car insurance renewal quote that had a 110% increase since last year. That's more than doubled with no claims, accidents, or points.
I went to a comparison site and found one that was 'only' a 50% increase on last year. Insurance prices are ridiculous!
They're just trying their luck. A good chunk of people probably just renew without even checking the price, let alone shopping around. I'm not sure why they're allowed to do that, but they absolutely do.
Never take a renewal, they’re always a rip off. It’s just the insurance company preying on people who don’t look for other quotes.
Not true—at least didn’t used to be. For 3 years, Tesco renewal was cheaper for us than any online comparison site (same excess, options etc). That included Tesco new quote.
But definitely never take a renewal without checking.
Fair, in my experience I’ve never found I couldn’t get a better deal, but I’ve also never used Tesco insurance.
Funny thing was it was a Tesco policy that doubled the price, though for the previous two years they were either the cheapest or so close that I didn't bother changing; I think last year there was one policy that was £15 a year cheaper. This year though they were far from cheapest.
Yes, all bets are off this year. Plus we now have a ‘claim’ even though it was all paid by the other party. No idea how much difference things like that make but certainly not comparing like with like.
I've already decided that if my renewal is stupid, I'm going to mothball the car for a bit.
Take a little break from having to deal with it, and see if the premiums come down as little in 6 months.
