I've just received the renewal notice for my car insurance which again includes £20 renewal set up fee?
which considering all the insurers have to do is press a button and send out the paperwork, I find ridiculous. Does YOUR insurance company charge the same. UK.
Thanks GOCP - I did shop around and found one (a well-known insurer) that wasn't that much cheaper, but any little bit counts these days. I may do the same next time - I'm not normally one who switches all the time but needs must these days!
- 1 month agoFavorite Answer
Shop around. Insurance companies cash in on customer inertia. Use a comparison website to get an idea of who's cheapest, then go to the company website for a real quote.
- RobsteriarkLv 71 month ago
It’s only justified if you allowed your insurance to expire, and even then most insurers would waive it just to persuade you to return to them. I have NEVER paid a “set up fee” and don’t recall ever seeing one.
I’ve been driving since 1983. In all that time I have very rarely ever renewed with the same company because I have always found better deals (not necessarily just on pricing) by shopping around.
The few occasions where I have renewed are where I’ve got back in touch and said “this is what I’ve been offered; if you can beat that offer then I’ll renew”.
BTW: Price comparison websites are OK but I often do better by phoning brokers directly. For anyone who is a young driver or high risk for any other reason, price comparison websites are almost useless.
- Land-sharkLv 71 month ago
No. It's a rip-off. Visit moneysupermarket.com (or other comparisom websites), enter your information and you will get immediate quotations. I saved nearly £200 by using it last year.
- MayLv 61 month ago
That is a rip off. I wouldn't do business with a company that charges a "renewal set up" fee.
If many people would cancel their policy with such a company, that "fee" would disappear.