Snoozing is losing when it comes to insurance renewals

“…others among you become frustrated with the way that companies fail to reward loyalty”

Tell me about it! I took out life insurance 10 years ago and I haven’t died once during that time. But do they offer me a no-claims discount? No sir, they do not.

Nationwide has gone down in my estimation.I have been baking with them for about 30 years. They not only give better rates of ISA savings to new customers, they are also one of those who auto-renew home and content insurance, saying they will just take the money from my credit card.
Is it right organisations can keep my card details this long?

Also, I don’t like the tone of the renewal notice. They try scare tactics, stating that if I choose to go elsewhere, I may find other insurers refuse to cover my home altogether, or require different terms and condition………I have never had problems insuring my home and if it were a problem their price hike of £25 for home and contents would be a lot worse I am sure. What they say is strictly true of course, but it is trying to deter you from looking elsewhere.

Very disappointing.

I like the idea of insurers being obliged to put last years premium on the renewal letter. I had assumed being a loyal customer for 30+ years ( with about two claims in that time) would have kept my fathers house insurance low, but when he became unwell and I had to take over arranging things I was surprised to find out how much he was paying.

Both my car insurance and AA cover were hiked in the last two year renuals, both times I phoned and got them reduced quitting comparison websites.

I have Sky TV the sky box is getting unreliable locking up requiring a re boot to clear it. Phoned to report it, their solution is to sel me a new box but that is not all, I would be put on a different costlier HD tarrif that I do not want I point out that at 68 my eyes are no longer HD I can no longer see the difference.
If I was stretching the picture to a 40 inch I probably would but at 32 inch I can’t see the difference.
As I see it only solution is to cancel then next the next month enrol as a now customer where I get a new box but unfortunately a new costlier contract.
Rod

I use price comparison sites for my insurance every year. I often wonder at the huge gap between cheapest and dearest and tend to avoid the very cheapest on the grounds that there must be a catch somewhere. My experience with haggling is not good! Last year I was insured with Saga and there renewal quote was very high whilst at the same time they no longer appeared on the comparison sites!??!
When I phoned and informed them of my intention to move elsewhere unless they could match the quote from another insurer they simply said they couldn’t so I said “OK, please discontinue my insurance”. Each year I have to go through the same old rigmarole.