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 Buildings Insurance - New customer V Existing Customer
Topic Originator: auldpar  
Date:   Fri 11 Feb 12:38

House Insurance - just got my renewal quote. Cover has increased by £20,000 but premium has REDUCED by £150 a year. I wonder if this is to do with recent government legislation? Anyone else had a similar experience?
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 Re: Buildings Insurance - New customer V Existing Customer
Topic Originator: JTH123  
Date:   Fri 11 Feb 13:12

I`d check the small print!
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 Re: Buildings Insurance - New customer V Existing Customer
Topic Originator: wee eck  
Date:   Fri 11 Feb 14:16

My renewal quote was way up on last year but by switching I reduced the annual increase to about a fiver.

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 Re: Buildings Insurance - New customer V Existing Customer
Topic Originator: dd23  
Date:   Fri 11 Feb 15:11

My car insurance decreased by £150, same insurer same conditions.
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 Re: Buildings Insurance - New customer V Existing Customer
Topic Originator: Playup_Pompey  
Date:   Fri 11 Feb 16:17

We were the same our monthly DD reduced by around £11 so £120 a year for same policy

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 Re: Buildings Insurance - New customer V Existing Customer
Topic Originator: LochgellyAlbert  
Date:   Fri 11 Feb 17:30

Glad to see something decreasing!
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 Re: Buildings Insurance - New customer V Existing Customer
Topic Originator: moviescot  
Date:   Fri 11 Feb 19:25

Buildings and contents insurance have dropped as the claims have dropped. This is as a result of people working from home and there being less break ins. Together off course with people also just generally being at home more with COVID, self isolation etc

Car insurance is similar as there have been fewer accidents due to there being less vehicles on the roads.

This info is from my friend who is an insurance actuary.
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 Re: Buildings Insurance - New customer V Existing Customer
Topic Originator: TAFKA_Super_Petrie  
Date:   Sun 13 Feb 20:33

I`d imagine car insurance is down due to less claims from less people commuting.

Will no doubt go back up again once we return to normality (whatever that may be).

Must be subjective though; my S4 went up about twenty quid a year whilst the wife`s Sportage renewal was down over £100.

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"People always talk about Ronaldinho and magic, but I didn't see him today. I saw Henrik Larsson; that's where the magic was."
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 Re: Buildings Insurance - New customer V Existing Customer
Topic Originator: fcda  
Date:   Sun 13 Feb 20:40

New rules that mean they have to give existing customers the same deal as new customers.

Great for folk who aren`t on the ball, not so great for pro-active folk who change every year for the best deals.
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