![](\"https:\/\/media.autoexpress.co.uk\/image\/private\/s--lqT4HZpn--\/f_auto,t_related-embed-mobile@1\/v1699008904\/autoexpress\/2023\/11\/Opinion%20-%20scrap.jpg\")
'High Insurance premiums are forcing owners to scrap their cars'<\/li>\n<\/ul>\nOff I went to the internet to make some savings, and returned to Admiral to see if it could better my renewal price. A very nice chap managed to shave a few hundred quid off, meaning an increase of \u2018just\u2019 24 per cent.<\/p>\n
Why \u2013 as a long-standing customer \u2013 couldn\u2019t I just be offered that price in the first place and saved this ridiculous charade? I asked Admiral.<\/p>\n
\u201cWe don\u2019t like to lose a customer, so if they contact us during their renewal cycle (23 days before the renewal date to 14 days after the renewal date) because they\u2019ve received a cheaper quote elsewhere or are unhappy with their initial renewal offer, we will check to see if there is any discount that can be applied in an attempt to save the business and keep the customer with us,\u201d a spokesperson told me. Why not do that in the first place?<\/p>\n
My 87-year-old Dad\u2019s car insurance was also up for renewal at the same time. Faced with a near-100 per cent increase, he looked around and thought he\u2019d try Tesco. He shops with them, has his home insurance with them, a credit card with them and his mobile phone with them. For some reason, he seems to like Tesco. Not any more.<\/p>\n
It will insure his home, but not his car. \u201cWe don\u2019t offer car insurance to over-85s on new business,\u201d Tesco told me.<\/p>\n
Admiral made \u00a3233.9m pre-tax profit in the first six months of the year, while Tesco Bank made an operating profit of \u00a365m in the first half of 2023. Yet insurers\u2019 reputations have never been worse \u2013 not a good thing in any business. Surely it\u2019s time to put customers first.<\/p>\n
Has your car insurance premium gone up? Tell us about your experience in the comments section below…<\/strong><\/em><\/p>\nSource: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Editor-in-chief Steve Fowler was shocked to find his car insurance premium had risen 44 per cent at renewal time It\u2019s<\/p>\n","protected":false},"author":2,"featured_media":244560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\n
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<\/p>\n