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Sorry I’ve found over the years there is no loyalty with any insurance company there out there for one thing much money as possible 

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On 4/23/2024 at 11:59 AM, JeffL said:

Another crazy, tunnel vision decision by LV insurance. My wife has a 19 year old Honda Jazz that she's insured with LV for as long as we can remember. Its value is so low, what's the likelihood of it being stolen? She received an email today as follows.       Thank you for choosing to insure your HONDA JAZZ SE AUTO with LV= over the past year. We’re writing to you to let you know that, unfortunately, we’ve had to make some changes to our underwriting approach for your vehicle type. Over the past year, there’s been a rise in thefts of the HONDA JAZZ SE AUTO. As a result, we’ve seen a large increase in the number and cost of claims we’ve received for these types of vehicles and have made the difficult decision to stop insuring them. This means at your next renewal date on 11 June 2024, we won’t be able to offer you a renewal price. We will send a letter confirming this again in advance of your renewal date, the letter will explain that this is due to a change in our underwriting criteria. Please rest assured this won’t class as your insurance being declined, cancelled or voided, and you won’t need to declare it to other insurers. We never want to leave our customers in the difficult situation of having to find cover. However, we feel that continuing to cover certain vehicles would create a greater overall detriment to our customers by increasing pricing overall. 

It's not just cars. LV won't insure my house because I have oil central heating! They have become very picky lately; acting like a start-up that only wants low risk business. I won't use them for this reason but, in fairness, I have always been happy with their travel insurance.

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On 4/14/2024 at 10:30 PM, Glyn Jennings said:

After LV saying they won’t renew my 2026 RX450h I have just renewed through Money Supermarket at Churchill for next month at £715. Thats with 9 years no claims and parked in the road outside my house so I am well pleased. Bizarrely I tried going to Churchill direct and it was £200 more.  I also tried Ageas but they wanted £1800 for the same cover. 
There just seems to be no logic for the wide range of pricing out there.

When the comparison sites first appeared, I found myself hunting through all those small print pdf files to establish what, exactly, I'd be covered for. What I found was that the cover being offered on the comparison site was less comprehensive that the insurer's own direct website. Basically, to look competitive and appear in the top results, something had to give. Most people don't read the small print so they got away with it. I have no idea whether they operate in the same (underhand) way now but I have better things to do with my time than read all the small print so I no longer use the comparison sites. Maybe I'm losing out; maybe the companies behave more ethically these days; but then again, maybe pigs really do fly!

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On 4/27/2024 at 4:15 PM, Harrier Man said:

When the comparison sites first appeared, I found myself hunting through all those small print pdf files to establish what, exactly, I'd be covered for. What I found was that the cover being offered on the comparison site was less comprehensive that the insurer's own direct website. Basically, to look competitive and appear in the top results, something had to give. Most people don't read the small print so they got away with it. I have no idea whether they operate in the same (underhand) way now but I have better things to do with my time than read all the small print so I no longer use the comparison sites. Maybe I'm losing out; maybe the companies behave more ethically these days; but then again, maybe pigs really do fly!

That could be true but that means most people may be losing out when using comparison sites although I have not seen any evidence on this myself. I think companies have a fair bit of scope on pricing. For instance if you are an existing customer you can never get the same deal as a new one. It is a very competitive market like most things and it is about them getting your custom while still making as much profit possible.  What I personally find most annoying is paying out what they say is the market value which is never the same as what it will cost you for a like for like vehicle.

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4 hours ago, Glyn Jennings said:

That could be true but that means most people may be losing out when using comparison sites although I have not seen any evidence on this myself. I think companies have a fair bit of scope on pricing. For instance if you are an existing customer you can never get the same deal as a new one. It is a very competitive market like most things and it is about them getting your custom while still making as much profit possible.  What I personally find most annoying is paying out what they say is the market value which is never the same as what it will cost you for a like for like vehicle.

Ahem ...

ScreenShot2024-04-28at22_40_10.thumb.png.5880b8b701e4875238636b131bb28178.png

(click to enlarge - ooops!)

 

 

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Because competitors quote ‘lite’ policies on comparison sites, NFU refuse to use them. I prefer the full cover provided by them e.g. new replacement car for 2 years for written off or stolen cars on a new car insured from day 1. 

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9 hours ago, Sundance said:

Ahem ...

ScreenShot2024-04-28at22_40_10.thumb.png.5880b8b701e4875238636b131bb28178.png

(click to enlarge - ooops!)

 

 

Insurers are getting around this by making minor changes to policies - thus arguing the cover isn’t equivalent and so the pricing doesn’t need to be the same. 

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