Negotiating
an acceptable insurance renewal premium
See our earlier NEWS
items on the insurance renewal topic
Consumer
watchdog takes action at last!
See our update. 181219
More
"Loyal stuffees"
continue to be ripped off by insurers & utility companies.
181208 More
Be
prepared to haggle over motor insurance renewals. 180427
NEWS
Time
to haggle on motor insurance renewals. 171219
NEWS
Insurance
renewals. Gateway
Posted:
190102 | 
| Negotiating
an acceptable insurance renewal premium
One member has been in touch to
say "I received my insurance renewal and once again it showed an increase
in the renewal premium of 15%, far in excess of my annual salary increase
at work, so I took my usual approach with the insurer.
My approach is
to simply say " My premium has increased by "X".
I should like to continue insuring with you, what can you do to help me please?"
Every time I have used this approach it has resulted in a revised premium very
close to that of the previous year. I am sure that each insurer will value a positive
approach from clients in return for repeat business". It's worth a try.Sadly
loyalty counts for very little these days or worse - some insurers and utility
providers regard loyal customers as fodder ripe for a rip off. The excess "loyal
stuffees" pay up on renewals goes to subsidise the competitive quotes the
providers offer in the market to those shopping around. But haggling is not a
natural activity for many but sadly one most will have to accept now if they do
not simply roll over on renewal and pay up as a "loyal stuffee". |
|
