Well, that makes a change

[Dukedesmo]

Not had this years renewal yet but last year I got the usual, a bit added on for no good reason, quote but after doing the 'dance' ended up paying slightly less than the previous year which was a first - normally end up slightly more or around the same.

Will see what happens this time round.

[Luddite]

I remember reading that, from this year, there are new rules governing insurance renewals.

I think we've all had this experience - in the past you'd get your renewal, which had gone up, you'd then get another quote as a new customer for the exact same policy and it would be less.

Well, the new rules mean that the renewal premiums for existing customers cannot be greater than the price quoted to an equivalent new customer for the equivalent policy.

So maybe that has something to do with it.

[Dukedesmo]

Originally Posted by Dukedesmo

Not had this years renewal yet but last year I got the usual, a bit added on for no good reason, quote but after doing the 'dance' ended up paying slightly less than the previous year which was a first - normally end up slightly more or around the same.

Will see what happens this time round.

Well further to the above, I received a renewal invitation today - up almost 50%.

Looks like I'm 'dancing' again.

[Dukedesmo]

Originally Posted by Dukedesmo

Well further to the above, I received a renewal invitation today - up almost 50%.

Looks like I'm 'dancing' again.

Called them today and they wouldn't shift a penny, not even if I halved the allowed mileage - when did mileage allowances become a thing anyway?

Funny thing is they used the new 'fair pricing' rules (brought in to stop overcharging) as a justification for the price and assured me it wouldn't be much, if any, more for next year's renewal but that this year's price was not negotiable, cost of living increase etc.

I wouldn't have minded if it had gone up by the increase in said cost of living/inflation but a 50% increase is just taking the pish.

So I've gone elsewhere and got it for £50 less than last year's price and with better coverage.

[Luddite]

Originally Posted by Dukedesmo

Called them today and they wouldn't shift a penny...

So I've gone elsewhere and got it for £50 less than last year's price and with better coverage.

Result! Their loss DD.

It would be interesting to see what quote you got if you went through their website as a new customer...

[Dukedesmo]

Originally Posted by Luddite

Result! Their loss DD.

It would be interesting to see what quote you got if you went through their website as a new customer...

I would but it's not easy as the bikes, being modified, agreed value etc. all need to be talked through and can't do online so it takes a while, which is why I've been with them for some years as I couldn't be bothered with the hassle.

Took me around 45 minutes to get it all sorted with the new company, I was going to try a few others but was happy enough with the first I tried (Footman James, BTW) so, as you say their (Carole Nash) loss.

The only oddity is that, because the bikes are on a classic policy by virtue of being 20+ years old then the 'riding other bikes' is also only for 20+ yr old bikes - so I can only borrow yer bike if it's an old'un...

[dunf]

Originally Posted by Dukedesmo

I would but it's not easy as the bikes, being modified, agreed value etc. all need to be talked through and can't do online so it takes a while, which is why I've been with them for some years as I couldn't be bothered with the hassle.

Took me around 45 minutes to get it all sorted with the new company, I was going to try a few others but was happy enough with the first I tried (Footman James, BTW) so, as you say their (Carole Nash) loss.

The only oddity is that, because the bikes are on a classic policy by virtue of being 20+ years old then the 'riding other bikes' is also only for 20+ yr old bikes - so I can only borrow yer bike if it's an old'un...

I've the same bother as you. My quote doubled this year. Of my 4 bikes, 2 are modern, 2 are classic, 1 of each is highly modified and the 2 classics have agreed values. Its a nightmare setup with the current insurance 'rules'. I used to be with Carole Nash but now been with Bemoto for a few years. I was also prev with FJ about 10yrs ago but seem to be black-balled from them now after taking them to the ombudsman for malpractice and winning my case. They havent quoted me since.

On the plus side - Bemoto originally said they couldnt lower my (doubled) price because my M1200 was more powerful than anything i had insured before. I provided evidence that I used to race in both 600 and 1000 national series, and they've just come back with £200 off. So about £100 increase form last year which is easier to swallow.