increases with motor insurance renewals seen from
If you have been following our NEWS items on the
high increases with motor insurance renewals the chart alongside may interest
you. So far we have had only four members provide details of the renewal experience
with their daily car but what the analysis shows is interesting.
premium compared with the premium paid last year
The increases range from
10% to 55% with an average increase of 25%.
Final premium following
negotiation compared with last year
Substantial reductions have been negotiated
sometimes adjusting the excess and mileage conditions with an average increase
of 7% - a considerable improvement.
Reduction when the final premium
is compared with the renewal premium
The average reduction is 17% or £79.
The reductions ranged from £34 to £140 or 11% to 23% less.
clear signs that haggling pays and a good reason not to be a "passive loyal
stuffee" when faced with a large renewal premium increase!
the previous NEWS items on this topic. More