Insurance renewal tip

9 Posts | Latest reply on 04/10/2007 17:01:25 by Matt | Go to original / last post
Matt's Profile
Matt

In: Veldhoven
Posts: 8054
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If you want to renew your insurance with the same company, then do this to save money (I just saved 1,150 pounds on my BlackBird)... Go to their website Start a NEW QUOTE as a NEW CUSTOMER (Not existing). Fill in all the details accurately Get the quote.   This will ALWAYS be cheaper than your renewal, for 2 reasons... 1) They want new business 2) You normally get a 10% discount for buying online - you save them call-centre costs.   So, you get the quote - then email/phone then demanding an explaination as to why the online quote is up to 70% less than stated in your renewal letter.  Tell them that you think it's disgraceful to treat existing customers in such a way and that you are taking your business elsewhere.   THEN - they will offer you the same quote as online, PLUS a further discount as an appology.   All in all - I probably cost my insurance broker more money than they're making  :-)                                                                                                                                                                             
golden girl's Profile
golden girl

In: South Woodham Fe
Posts: 28
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Brilliant> that could apply to any type of insurance.                                                                                                                                                                             
Sandi's Profile
Sandi

In: Huddersfield, W
Posts: 17948
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  One 'trick' I've noticed with insurance companies is they make a low quote when I'm a NEW customer then come renewal day the price goes up and is much the same as my previous insurance company's quote. Censored                                                                                                                                                                               
Matt's Profile
Matt

In: Veldhoven
Posts: 8054
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that's the point Kwak.  When u get ur quote, go to their site and do a new request as  a new customer.  Get the reference numbers etc and phone them up.  Demand an explaination or to speak to the sales manager.  I guarentee you'll get something from them
rattler's Profile
rattler

In: Liverpool
Posts: 192
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I'll try that as my insurance runs out at the end of this month Thumbs Up. Ta....                                                                                                                                                                             
busa70's Profile
busa70

In: Chepstow
Posts: 19
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WORDS OF WISDOM Clap !! WILL TRY AS MINE IS RUNNING OUT IN 6 WEEKS TIME.
ghosthunter's Profile
ghosthunter

In: Hinckley
Posts: 1659
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Thanks for that Matt, been doing it with my cars for years....never even thought about it for the bikes! DOH!                                                                                                                                                                             
stueylewie's Profile
stueylewie

In: Bognor Regis
Posts: 367
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Used to work at an insurance broker and basically they give their New Business dept more leaway to cut their own commission than the Renewals dept - even to the point of making no commission - in the attempt to bring in new customers The expectation then being that they will at least retain a % of these at renewal time   Could I also plug A Quote who were recommended to me this year and cut 20% off the renewal quote from my existing insurer                                                                                                                                                                                
Matt's Profile
Matt

In: Veldhoven
Posts: 8054
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Tell them also that it's disgraceful how they treat existing customer, and you will advise as many bikers as you can via internet forums.  They wont want the bad publicity                                                                                                                                                                             


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