Car Insurance...renewal same price!

TMP · 10-30-2011, 07:03 AM

Yep, I am amazed too.

With LV, and I moved both cars to them last year. Both renewals have come in, for just about the same price

How refreshing LV, what a unique idea to keep your customers with you.

dakhu1 · 10-30-2011, 07:23 AM

Nice to hear that mate, as usually its up up up, regardles of another year of incident free driving....

Still worth running a few fresh quotes and you may get an even better deal

Kerr · 10-30-2011, 07:23 AM

Everyone seems to be going to LV at the moment.

I switched over just the other month.

TMP · 10-30-2011, 08:09 AM

Quote:

Originally Posted by dakhu1

Nice to hear that mate, as usually its up up up, regardles of another year of incident free driving....

Still worth running a few fresh quotes and you may get an even better deal

Yeap, I checked on confused....and they were still the cheapest!

Quote:

Originally Posted by Kerr

Everyone seems to be going to LV at the moment.

I switched over just the other month.

Yeap, I reckon they are doing a huge customer acquisition drive....they were cheapest last year when I switched to them.

RichJ · 10-30-2011, 02:28 PM

Mines was virtually the same renewal price with Elephant.

BGM · 10-30-2011, 02:31 PM

mine has gone down

rich1068 · 10-30-2011, 04:45 PM

Quote:

Originally Posted by TMP

How refreshing LV, what a unique idea to keep your customers with you.

Refreshing indeed. Aviva seem to be the cheapest for me over the last couple of years but I have to go through a ridiculous little routine of getting a price as a new customer at renewal time. The renewal price was £100 more.

MERLIN335i · 10-31-2011, 02:05 AM

More Than:

Was £362.00 last year, this year £549.99, (no changes/claims/convictions) rang them was told their average increase was 38-40% this year !

Told them I was not paying £549.99, and would cancel car, house & contents insurance etc, I was immediately offered £100.00 discount !!

Just trying it on - Unbelievable.

rich1068 · 10-31-2011, 03:55 AM

Sorry to TMP but this is turning into a general insurance moan!

I was paying a shade over £300 for my wife's Touran. The renewal was a shade over £400. I rang Aviva for an explanation but they couldn't do anything about the price. I was advised to apply as a new customer even though they know I'm not plus my car and the home insurance are with them.

So, half hearted attempt at an online quote (just get further than contact details) and they'll call next day from the new business department to see how you went on. Bingo. Cheap price.

The added craziness is that you then have to phone Aviva to cancel your existing policy before the new one can start!

Boyd1963 · 10-31-2011, 05:53 AM

I've got both my car and the wife's Touran with LV and so far I have been really pleased with the price and the service.

ChubbsBmth · 10-31-2011, 03:43 PM

I really dont know how car insurance companies work.....

I have always had my dad on as a named driver on all my insurance policies and last year I was with Swiftcover and everything was fine, the car was an e46, 325i.

Bought my 335i and they wouldnt insure my dad who is 61 and hasnt claimed for 15 years, but are happy to cover me at the age of 26 with only 5 years experience.

LV were the best price me too and they would insure my dad, so changed last month.

MERLIN335i · 11-01-2011, 02:12 AM

Quote:

Originally Posted by Kerr

Everyone seems to be going to LV at the moment.

What would bother me, is that LV are attracting (gathering in) all these new customers with competitive prices, but then will probably increase prices on each renewal.

Sure some customers will search for lower premiums and move, but lots will stay at the increased price(the too busy & cannot be bothered types), most people like continuity and stay with the same company, and thats where the companies will take advantage.

BGM · 11-01-2011, 03:24 AM

Quote:

Originally Posted by MERLIN335i

What would bother me, is that LV are attracting (gathering in) all these new customers with competitive prices, but then will probably increase prices on each renewal.

Sure some customers will search for lower premiums and move, but lots will stay at the increased price(the too busy & cannot be bothered types), most people like continuity and stay with the same company, and thats where the companies will take advantage.

this bothers you because..?

just don't be one of the mugs

MERLIN335i · 11-01-2011, 06:15 AM

Quote:

Originally Posted by BGM

this bothers you because..?

just don't be one of the mugs

It does not bother me, I am with More Than, was just pointing out that LV might just be luring all these new customers in to a "trap"

BGM · 11-01-2011, 06:57 AM

Quote:

Originally Posted by MERLIN335i

It does not bother me, I am with More Than, was just pointing out that LV might just be luring all these new customers in to a "trap"

ah, i see. yes, i definitely think this is what they are doing

rich1068 · 11-01-2011, 08:54 AM

They all do it. Insurance companies have obviously done their sums and decided that getting new business and keeping their fingers crossed that punters will stay after the first year is the way to go.

jonl1983 · 11-01-2011, 09:07 AM

im with LV and think they are great, have charged me an extra £80/year for my remap and dont carre about the non rft so long as they are same size etc.

Oh, and they are cheaper than anyone else

nohemy · 11-10-2011, 05:44 AM

i decided to change my insurance also...

rich1068 · 11-10-2011, 02:15 PM

Hi nohemy. Welcome! Would you like Spam with that?

10-30-2011, 07:03 AM	#1
TMP Brigadier General 349 Rep 3,022 Posts Drives: M6 Join Date: Nov 2008 Location: Cheshire iTrader: (0)	Car Insurance...renewal same price! Yep, I am amazed too. With LV, and I moved both cars to them last year. Both renewals have come in, for just about the same price How refreshing LV, what a unique idea to keep your customers with you. __________________ M2 Arrived! Family 5er
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10-30-2011, 07:23 AM	#2
dakhu1 love the 'GT ROAD'....bruuuaaah! 34 Rep 449 Posts Drives: 320D M Sport & 118D M Sport Join Date: Jun 2011 Location: London iTrader: (2)	Nice to hear that mate, as usually its up up up, regardles of another year of incident free driving.... Still worth running a few fresh quotes and you may get an even better deal
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10-30-2011, 07:23 AM	#3
Kerr Brigadier General 112 Rep 4,021 Posts Drives: BMW M235I Join Date: Dec 2010 Location: Aberdeen iTrader: (0)	Everyone seems to be going to LV at the moment. I switched over just the other month.
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10-30-2011, 02:28 PM	#5
RichJ First Lieutenant 10 Rep 358 Posts Drives: E92 M-Sport 330i Le Mans Blue Join Date: Jan 2010 Location: South iTrader: (0)	Mines was virtually the same renewal price with Elephant.
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10-30-2011, 02:31 PM	#6
BGM Colonel 58 Rep 2,398 Posts Drives: F20 M140i Join Date: Oct 2009 Location: Farnborough, UK iTrader: (0)	mine has gone down
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10-31-2011, 02:05 AM	#8
MERLIN335i Brigadier General 118 Rep 3,866 Posts Drives: Gone: E92 M3 Competition Pack Join Date: Jul 2009 Location: Buckinghamshire iTrader: (0)	More Than: Was £362.00 last year, this year £549.99, (no changes/claims/convictions) rang them was told their average increase was 38-40% this year ! Told them I was not paying £549.99, and would cancel car, house & contents insurance etc, I was immediately offered £100.00 discount !! Just trying it on - Unbelievable.
	Appreciate 0 Quote

10-31-2011, 03:55 AM	#9
rich1068 has left the building 90 Rep 3,359 Posts Drives: F30 330d M Sport Join Date: Oct 2010 Location: UK iTrader: (0)	Sorry to TMP but this is turning into a general insurance moan! I was paying a shade over £300 for my wife's Touran. The renewal was a shade over £400. I rang Aviva for an explanation but they couldn't do anything about the price. I was advised to apply as a new customer even though they know I'm not plus my car and the home insurance are with them. So, half hearted attempt at an online quote (just get further than contact details) and they'll call next day from the new business department to see how you went on. Bingo. Cheap price. The added craziness is that you then have to phone Aviva to cancel your existing policy before the new one can start!
	Appreciate 0 Quote

10-31-2011, 05:53 AM	#10
Boyd1963 Major 30 Rep 1,301 Posts Drives: 2011 320d e92 Join Date: Sep 2009 Location: Bournemouth iTrader: (0) Garage List Sep 2011 E92 [0.00]	I've got both my car and the wife's Touran with LV and so far I have been really pleased with the price and the service.
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10-31-2011, 03:43 PM	#11
ChubbsBmth Second Lieutenant 28 Rep 252 Posts Drives: 335i M-Sport - NOW SOLD Join Date: Oct 2011 Location: London iTrader: (0)	I really dont know how car insurance companies work..... I have always had my dad on as a named driver on all my insurance policies and last year I was with Swiftcover and everything was fine, the car was an e46, 325i. Bought my 335i and they wouldnt insure my dad who is 61 and hasnt claimed for 15 years, but are happy to cover me at the age of 26 with only 5 years experience. LV were the best price me too and they would insure my dad, so changed last month. __________________ NOW SOLD - Counting down to the M3 - E92 May 07' 335i M-Sport - Sapphire Black - Manual - Black Leather Interior - Heated Seats - Bluetooth Handsfree - BMW Performance Black Grill - 19's - Saying No to the Diesel Revolution!
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11-01-2011, 08:54 AM	#16
rich1068 has left the building 90 Rep 3,359 Posts Drives: F30 330d M Sport Join Date: Oct 2010 Location: UK iTrader: (0)	They all do it. Insurance companies have obviously done their sums and decided that getting new business and keeping their fingers crossed that punters will stay after the first year is the way to go.
	Appreciate 0 Quote

11-01-2011, 09:07 AM	#17
jonl1983 Lieutenant 21 Rep 482 Posts Drives: F12 640d M Sport Join Date: Mar 2010 Location: South Wales iTrader: (2)	im with LV and think they are great, have charged me an extra £80/year for my remap and dont carre about the non rft so long as they are same size etc. Oh, and they are cheaper than anyone else
	Appreciate 0 Quote

11-10-2011, 05:44 AM	#18
nohemy Registered 0 Rep 1 Posts Drives: bmw Join Date: Nov 2011 Location: europe iTrader: (0)	i decided to change my insurance also...
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11-10-2011, 02:15 PM	#19
rich1068 has left the building 90 Rep 3,359 Posts Drives: F30 330d M Sport Join Date: Oct 2010 Location: UK iTrader: (0)	Hi nohemy. Welcome! Would you like Spam with that?
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