I have just renewed my house insurance and yet again the renewal quotation has gone up – this time by 40% compared to going to their site and filling in the ‘get a quote’ form as a ‘new customer’ – all details exactly the same – other than the NCD years. I did a comparison quotation too so I can see what the prices are like across the other insurance companies before renewing to get the best value for money. I have saved myself £130 on the renewal quote price.
What I have noticed is that insurance companies are changing their websites so that they will hold card details and do automatic renewal next year ! If I don’t want auto-renewal I have to call them and have it removed from the account.
This is where these insurance companies are now trying to hold onto policyholders and rip-them off. I will be waiting for the new policy details to come through the post then ring their helpline and remove my card from the auto-renewal option. They are hoping to catch people who are lazy. I am not having this!
It is bad enough with car insurance, I bought that online and I cancelled my auto-renewal last year and bought a policy with another company. At the end of the month, I noticed that the old insurer had still taken my renewal payment and I had to call them to get a refund! They agreed that the account had a record of my call and the request to remove the auto-renewal but ‘due to a technical fault’ the payment was taken anyway.
Watch out when renewing your insurances online this year, especially as the insurance tax goes up in October so I am trying to get all my insurance renewed before this new tax rate is applied. Happy insurance hunting…. 🙂