Richard_C
Established Member
3 years ago, January 2022, rules were changed to stop insurers offering better deals to new customers than they do to renewing current customers. I now realise, after looking on the ABI website, that the rule only applies to motor and house insurance policies - not to anything else.
My UK and Europe breakdown cover came up for renewal. Inflation, old-ish car now a year older, I had expected an increase but the renewal premium increase seemed excessive. I looked around and found I could save myself £40 by cancelling the auto renew and taking out an identical policy as a new customer. I suspect other breakdown cover and many other insured products are the same. Not a life-changing saving but its better in my pocket than in theirs.
My UK and Europe breakdown cover came up for renewal. Inflation, old-ish car now a year older, I had expected an increase but the renewal premium increase seemed excessive. I looked around and found I could save myself £40 by cancelling the auto renew and taking out an identical policy as a new customer. I suspect other breakdown cover and many other insured products are the same. Not a life-changing saving but its better in my pocket than in theirs.
