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Are insurance companies allowed to do this?

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standard_bum | 22:32 Wed 07th Mar 2012 | Insurance
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I have car insurance with esure. I have 12 years no claims and drive a car worth about £6k. My insurance this year was £523. I have now moved about ½ mile away and when I informed my insurance company of the new address they told me the premium had increased by £250!!!

I have now checked with 20 different insurance companies, comparing the prices with the 2 different postcodes and while the price varies very slightly with some companies, but not most, it is nowhere near the £250 mark.

I am assuming that prices have increased since taking out the insurance and they are "doing me" with the inflated prices.

I could and probably will cancel my policy and start a new one with a different company but my current insurance is a lot cheaper than anyone else, well it was until they threw the increased premium at me.

Any advice would be helpful.

Thanks
Nick
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Of course insurance companies are allowed to do it. No one is forcing you or anyone else to buy.
standard practice, loyalty is not rewarded!
The area could be higher risk of theft etc
I was surprised when the house insurance premium increased by about £20 when my father passed away.
The insurance company said a single person in a detached house is a higher risk.
I think they are right as I go out more in the evening.

Martin

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