Ask a Question

Why don't drivers negotiate on their insurance premiums?

I recently received my renewal notice for a 2002 Rover 75 at £393.97 for two named drivers (my wife and I), both retired. After a phone call, to the company, we agreed that by reducing the annual mileage, and agreeing that being retired, we did not require cover for "Social use and commuting to work", I was offered a reduction to £326.19. The renewal letter had also offered "If you receive a lower quote for the same level of cover, we'll beat it".

On a well advertised website I found a company offering £226.00, using the same details shown on my current policy, so I phoned my current insurers again, to be told by the lady in the office that she was authorised to offer me up to £100 off my above "cheaper" offer to retain my custom (which I am considering accepting), saving me £177.78. I would recommend your readers take up the challenge. How many people just accept and pay up?

Asked on by

You are absolutely right. Well done. Unfortunately the more that policyholders do this, the less the reductions will be because there will be less in the overall pot.
Similar questions
I'm a cash buyer with no trade-in. I'm hoping to buy a 2012 Ford Fiesta, with the Aston Martin grille and 36,000 miles on the clock, through a Ford main dealer. They're having to transfer the car from...
I'm after a Focus-sized petrol car up to two years old (not new) for around £10,000-£11,000. Two key requirements are reliability and boot space. I quite like the Honda Civic and Ford Focus but can't decide...
I'm ordering a Fiat 500 Twinair soon on finance. Any haggling/bargaining to be done with Fiat in terms of options? Not quite sure how it would work in terms of finance, but do you know any ways? Bought...

Ask Honest John

Value my car