Laughable Insurance Renewal Quotes

MarkR · 30-03-2012 11:48AM #1

I wonder how many people never shop around, and just carry on with the same insurer?

Last week I got my renewal quote from Liberty Insurance (Formerly Quinn Direct). Bones of €790. Quick online quote of €580. Same car, same person, same details. No accidents or claims. Last year was about €450 IIRC.

They eventually "matched" their quote, but I transferred to AA car insurance for €40 less, and a free fuel card for 2c off every litre of petrol.

Really bugged me, but didn't surprise me. They were trying to rob me of €210, and wanted to see would I pull them on it.

Bohrio · 30-03-2012 04:24PM

MarkR wrote: »

I wonder how many people never shop around, and just carry on with the same insurer?

Last week I got my renewal quote from Liberty Insurance (Formerly Quinn Direct). Bones of €790. Quick online quote of €580. Same car, same person, same details. No accidents or claims. Last year was about €450 IIRC.

They eventually "matched" their quote, but I transferred to AA car insurance for €40 less, and a free fuel card for 2c off every litre of petrol.

Really bugged me, but didn't surprise me. They were trying to rob me of €210, and wanted to see would I pull them on it.

God now I am scared... mine is up for renewal soon... it seems that is no longer if is going to go up but more like how much!!

Dont even want to think about it I am paying 1900 euro now

Andrewf20 · 30-03-2012 04:28PM

Same happened to me. Renewal for around 775euro in the post, just over 500 yoyos over the phone!

Jimbob 83 · 30-03-2012 04:38PM

My insurance in the 5 years i have been driving while insured with Quinn Direct.

2002 1.4 Octavia Petrol

Year 1 aged 23 : 1100 euros
Year 2 : 450 Euros
Year 3 : 690 Euros
Year 4 : 720 Euros
Year 5 : 790 Euros

If it rises again i will be switching for sure

Cuddlesworth · 30-03-2012 04:39PM

Jimbob 83 wrote: »

My insurance in the 5 years i have been driving while insured with Quinn Direct.

2002 1.4 Octavia Petrol

Year 1 aged 23 : 1100 euros
Year 2 : 450 Euros
Year 3 : 690 Euros
Year 4 : 720 Euros
Year 5 : 790 Euros

If it rises again i will be switching for sure

You don't think that might have been a option in between year two and three?

challengemaster · 30-03-2012 04:40PM

MarkR wrote: »

Last week I got my renewal quote from Liberty Insurance (Formerly Quinn Direct). Bones of €790. Quick online quote of €580. Same car, same person, same details. No accidents or claims. Last year was about €450 IIRC.

I've done that the last few years in a row, online quote gives better than the renewal

gollywog · 30-03-2012 04:51PM

Renewal letter wantin 974, put my details into same companies website, exact same cover, 650.... The same company! Scam!

Yakuza · 30-03-2012 05:02PM

They always give a discount to new customers online, they are gambling on an amount of customer inertia. Usually a quick call along the lines of "your website quotes me xyz, yet the renewal letter quote xyz+150" usually elicits a "oh, yes, sir, we'll match that, no problem" reply. I've switched providers several times over the last few years when they don't match their own online engine.

flyingsnail · 30-03-2012 05:03PM

Aviva did this to me. There have been a few of these thread over the last few weeks.

LeinsterDub · 30-03-2012 05:09PM

I've never been with the same insurer for 2 consecutive years. Always cheaper else where. I know they give discounts for new customers but isn't meant to be something in the order of 10 times more expensive to get a new customer rather than retaining a current one?

Dingatron · 30-03-2012 05:12PM

Every year I go through this with the same company. They usually quote me €200 odd more then the last year's fee and I always ring them back with a quote cheaper and they match it. It's standard at this stage so doesn't really bother me though a waste of everyone's time.

Del2005 · 30-03-2012 05:15PM

LeinsterDub wrote: »

I've never been with the same insurer for 2 consecutive years. Always cheaper else where. I know they give discounts for new customers but isn't meant to be something in the order of 10 times more expensive to get a new customer rather than retaining a current one?

That's why the offer lower prices on new quotes and lump the extra onto your renewal.

Personally I go with the cheapest options I want. I refuse to do the companies work by getting a better quote and seeing if my current company will match it. Give me your best price first or I change.

Laughable Insurance Renewal Quotes

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