a reduced renewal premium|
See our earlier NEWS items on motor
insurance renewals by checking out the links on the insurance renewals gateway
our earlier NEWS items on high motor insurance renewal premiums, a fellow member
has been in touch saying "shortly after seeing the news item on insurance
renewals on the V8 Website, I had the renewal for the RV8 arrive today showing
an increase from £198 to £233 for next year. That's an increase
of £35 or 17.7% year on year.|
I made a simple
quick phone call to PBIS and the opening question from me was "How can you
help reduce this increase in premium please?" which was met very positively
because having agreed an increase in the voluntary excess I pay by £50 to
£250, the resulting revised premium was . . . wait for it . . . £199.54
so well worth the phone call!
think the answer is that by agreeing a larger voluntary excess the insured is
taking away risk from the insurer and so the premium should be less. Quite simple.
I don't expect it will apply in all cases to all people but I firmly believe it
is a case of asking the right question in the right way to get a positive response."