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Lower Insurance Premiums

Click on either of the above links to save £££s off your insurance

We've teamed up with some of the largest insurance providers to ensure that you can save money on home, car, pet and bike insurances.

Insurance companies spend billions of pounds each year on advertising to recruit new customers, which can often be at the expense of existing customers, who usually get a raw deal.

That's why when you get your renewal quote, it's always best to check if it is still as competitive as it was twelve months ago. When it comes to insurance, loyalty rarely pays - because in order to provide competitive quotes to new customers, insurance providers usually have to exploit their existing policyholders.

One example of this went as follows:

A friend's car insurance was due the following month, so she was about to shop around for quotes. Her current insurer sent her a renewal notice, and her quote for 2008/09 was almost £302. On checking her records, she found that her current premium is £274. Thus, her premium is set to rise 10% or by £28.

On checking the handy British Insurance Premium Index produced by The AA, I discovered that, car-insurance premiums on average have risen by nearly 6% over the past twelve months. As an existing customer, my friend's premium increase is almost double the average.

This tactic - raising premiums faster for existing policyholders - is one of the oldest tricks in the book. Indeed, you should get used to being taken for a ride every renewal.

Someone recently explained that he found shopping around for insurance terminally dull, so he'd been with the same insurer for twelve years.

On comparing his latest renewal quote (after 11 years of loyalty) with the rest of the market, his quote was just over twice that of the lowest premium. He could save almost £400 every year simply by switching to another insurer. Understandably, he was angry with himself - and with his current provider for taking advantage of him!

One last thing, have you ever seen a renewal notice that shows last year's premium, as well as this year's? I very much doubt it. Insurers avoid this, as it would draw unwelcome attention to this year's inflation-busting premium increase!

Click on either of these two links to see how much you could save.