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Renewal notice more expensive than price comparison website

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bamberger | 19:54 Mon 07th Nov 2011 | Insurance
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Insurer X sends renewal notice advising premium will be £650 -this includes proof of 8 years NCB.
I go on price comparison website and insurer X comes up with £450 (prices range from £400 with other insurers). I'd be quite happy to stick with X at £450-do I simply click through, take out policy under ref 1234, cancel renewal under ref 5678 and send the proof of NCB from policy 5678 back to the insurer?
prev take my advice please
  
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EDDIE51
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I had to same problem, my renewal quote was £485 but the same company was £265 on a comparison site. I phoned the company and told them what I had found and they immediately agreed to renew at the cheaper price.
They are just robbing b@rstards , they rely on the fact that a lot of people just do not bother to shop around and just pay what they ask, it is called...
20:01 Mon 07th Nov 2011
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Avatar Image Kayless
Perhaps but why stay with the shower that is trying to rip you off? I have a different insurer every year and my premium is noticably cheaper than it was 3 years ago!
23:31 Mon 07th Nov 2011
Avatar Image Hopkirk
So much for rewarding loyal customers!
23:34 Mon 07th Nov 2011
Avatar Image Kayless
Quite the reverse Hopkirk! Loyalty is openly punished. The insurers quote low to get punters on board then hike the premium after a year in the hope that apathy will let them get away with it. The comparison sites and the net generally have changed the way the insurers work. As humble punters we must optimise too! I saved a hundred quid by adding the Mrs as a named driver last time, can't imagine why that made it less of a risk!
10:00 Tue 08th Nov 2011
Avatar Image venator
Not just car insurance, either - I change home insurance every couple of years.

Most insurers add a percentage every year, hoping you won't bother and this is cumulative - a 10% increase doubles your premium after about 7 years!
10:06 Tue 08th Nov 2011
Avatar Image jno
Kayless, it may have indicated to them that you were a respectable married man rather than a boy racer.

As for "why stay with the shower that is trying to rip you off?" Because they're the cheapest would be an answer.
10:08 Tue 08th Nov 2011
Avatar Image Kayless
But they wern't the cheapest where they?
"(prices range from £400 with other insurers)"
10:30 Tue 08th Nov 2011
Avatar Image BRIGHT SPARK
Car insurance sometimes makes no sense. Kayless is right ..you must change every year to get a good deal.Have just changed wifes car...value has gone up by £42000 and the insurance by just £160
It must be a sign of getting old.
20:48 Tue 08th Nov 2011
Avatar Image BertiWooster
?
20:50 Tue 08th Nov 2011
Avatar Image bamberger
Question Author
Update. X refused to renew policy 5678 at £450 but was happy to let me take out policy 1234 for £450 . They accepted policy 5678 as NCB proof.

Must be some logic somewhere!
21:16 Mon 21st Nov 2011

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