Car insurance

[Chinook]

Hi everyone collecting my new Battersea Blue MG3 TROPHY on Thursday morning thought I would change my insurance over from my MG HS petrol to my MG3 rang my insurance company of many years Lloyd's and was shocked when they quoted over £1000 up from £500 for my HS I asked why such an increase they said my circumstances had changed because I had retired 3 weeks ago and the new car was a hybrid so I canceled my policy with Lloyd's and took out a new policy with Tesco,s costing £508 for a similar policy

 

[MG Clive]

Unfortunately there is no customer loyalty bonus from Insurance Companies, you did right to change.

 

[Chinook]

Unfortunately there is no customer loyalty bonus from Insurance Companies, you did right to change.

Hi Clive I couldn't believe the quote it seems all of a sudden I was considered a bad risk because I have retired even though I will be doing less miles and I got the feeling they wasn't interested in the new car
Thanks for your prompt reply Steve

 

[salty]

Unfortunately there is no customer loyalty bonus from Insurance Companies, you did right to change.

Absolutely agree.

 

[salty]

Car insurance companies, just make it up as they go along. The robbing bastards.
Glad you sorted it. And enjoy your new motor.

 

[Chinook]

Car insurance companies, just make it up as they go along. The robbing bastards.
Glad you sorted it. And enjoy your new motor.

Thanks much appreciated