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50% rise in premium renewal

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Has any body else got a huge increase in there renewal premium this month 17 days ago on a comparision site got a quote of £394 i did this before i brought the car to see how much roughly i would be paying now the same quote is over £600 with no changes in cover or changes made any info welcome thanks

^^^^^ Which way was the wind blowing at the time.

  • Author

North east gone up another tenner in 2 days

mine is with admiral & have just negotiated £60 off the renewal price . so it is now cheaper than it was last year .

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Please give us a call for a quote for comparison - Briskoda Insurance 0800 819 9320. :)

  • Author

hi i did ring yourselfs quotes were around £700 still baffled as to why sooo high :(

Please give us a call for a quote for comparison - Briskoda Insurance 0800 819 9320. :)

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Perhaps that was before you'd had alternatives? It's always best to contact us when you've already got a quote or two in hand. If you'd like to PM me your name I can look into your rate for my own interest and maybe yours.

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Thanks Ricka79, I've had a look at this. At your postcode we'd need you to park on a drive/in a garage to qualify for the special club scheme so we were just left with a screen rate I'm afraid - no flexibility, hence the duff rate.

 

best,

Nick

  • 2 weeks later...

Ricka, I've had exactly the same thing, checked my renewals out on 3rd August, and it was 490 quid, just checked it yesterday and it's coming up around 650, ridiculous really, I'll be giving you a call Chris knott and see if you can give me any tips!!!

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Forget tips, we'll give you a quote ;)

ill be speaking to you guys tomorrow :)

I hear tax goes up on insurance premiums from November, that shouldn't put premiums up that much surely. And some companies can get you locked in with a quote 60 days before renewal (before the tax hike) any truth in that?

  • Administrators

Won't be impressed if mine goes up.... I'm only paying 330, while my mother just renewed hers and got a quote for......... £98 on a 1.4 16v Corolla. Then again she has 19years NCB. Oh the pain :'( haha

Mick - the tax hike is coming in from a certain calendar date, so if you can get a quote done before then it'll be at the current tax % and not the new one.

Reality of this change is that insurance co's are having to change the tax % on a huge number of policies mid term (and not at renewal), and they are pretty unlikely to be able to go back to customers and ask for more money, they are having to swallow the cost.

This is going to mean further rises in premiums in the next 12 months as well as the tax hike in order to help cover the huge short fall about to hit.

If the government had any sense at all it would be an increase applied on all new policies after a certain date, or done on first renewal post the date - but it's not, it's a blanket date cutoff.

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