Annual insurance game...

tintin · #1 4th January 2023, 01:23 PM

My (multicar) policy always renews in early January, which results in the same, slightly unnecessary, game play of a hiked renewal, a poker-like game play on the phone, and a magical reduction from the original excessive quote.

This years game with Admiral was on a 35 minute phone call, which shaved just over £310 off their initial quote of £1190 for my 4 cars, including my S8 (which was a 22% increase on last year, with no real logical justification)

An annoying way to spend ah hour in the first week of the New Year, but at least it didn't take too long this year...

Adrian E · #2 4th January 2023, 04:24 PM

I'm running out of time to do the same for my 2.....not helped by the renewal from LV not looking too horrific, and many insurers not being keen to cover the S5 without some stupid excess level!

Also got to do the whole Sky/Virgin Media waltz for TV and broadband.....

Nognar · #3 4th January 2023, 08:33 PM

This is really interesting,

Admiral Multicar here also, 4 cars and went from £600 to a quote of £1000 in an email that arrived yesterday.

I will have to do the same and play the phone game, what did you find got it back down again?

briang9 · #4 4th January 2023, 11:09 PM

I've always found multi car policies more expensive than individual policies, and I always shop around at renewal, currently paying £630 for all 3.

tintin · #5 5th January 2023, 05:28 AM

Quote:

Originally Posted by briang9

I've always found multi car policies more expensive than individual policies, and I always shop around at renewal, currently paying £630 for all 3.

So did I till a few years back Brian - funnily enough it was adding the Panda to the "fleet" that seemed to tip it decisively to being cheaper with Admiral, who have beaten separate quotes each year since then.

Conan_the_Librarian · #6 5th January 2023, 07:26 AM

I too was on Multi car insurance with LV. Full no claims on 3 cars. Couldn't budge them last year so insured them separately with LV, Tesco and Sheila's Wheels. Saved £145!

I think this shows that with no datum to judge by, every person / car combination / insures combination is going to produce different results. I may try a couple of brokers this year to see what that gets me.

tintin · #7 5th January 2023, 07:36 AM

Quote:

Originally Posted by Nognar

I will have to do the same and play the phone game, what did you find got it back down again?

Not much really - just me saying I wasn't happy with the renewal figure and wanted to have a chat before looking elsewhere: cue 4 or 5 iterations of discounting/loyalty bonuses/etc over the 30 minute call, till it got to the number I was happy with.

sarg · #8 9th January 2023, 11:11 AM

Quote:

Originally Posted by tintin

Not much really - just me saying I wasn't happy with the renewal figure and wanted to have a chat before looking elsewhere: cue 4 or 5 iterations of discounting/loyalty bonuses/etc over the 30 minute call, till it got to the number I was happy with.

All of which is meant to be illegal now, existing customers are meant to be offered the same deal as a new customer or anyone else

HPsauce · #9 18th April 2024, 02:28 PM

I know this is an old thread but I can't immediately spot a newer more relevant one.

Just been playing the "game" today, having been away and only having under a week to go I know my options will be limited, but......

My renewal quote is 31% up on last year which seems outrageous, so I called in to "see what they (Privilege) could do". Nothing was the answer, unless I had a competing quote.

So then I did the "Go compare dance" and scrutinised the options. Followed one in some detail onto their web site as it was reputable and seemed to be equivalent - Admiral Gold. That was about 5% more than my last years premium; given inflation not bad. I could have gone lower but I didn't see the point.

Called in again, told Privilege what I'd found and that I thought the competing quote was at least as good cover, better in some areas, specifying exactly which company and cover type and the price. It took about 2 minutes for them to come back with a better offer, not needing any finessing of excesses or any other changes.

Their price was now just £10 more than Admiral which I decided I might as well accept. Overall about a 7.5% increase over last year. Acceptable I guess.