Car Insurance renewal

CheapBrah on 14/10/2013 - 20:55

I've just gotten my car insurance renewal from Bingle, I did a quick check online for what the cost would be if it was a new policy, and it was about $100 cheaper. I know it's common for insurers to jack up the price at renewal time, has anyone had luck contacting their insurer and getting them to give you the same price as a new policy? Alternatively, if it expires and I take out a new policy the next day, will I get the cheaper price?

Also if I could get recommendations on other insurance providers that are reasonably priced please let me know, I just got a quote from Coles insurance and it was about 3x the Bingle quote! Did check their price beat but when I called them they said it's on my renewal price and my renewal price is about $870 so it would only be $87 less whereas a new policy with bingle is about $770.

Automotive

Comments

  • ukmark on 15/10/2013 - 00:49

    I've been with Bingle for 6 years now, with 2 cars. I, like you, always check if my renewal price is the same as a new policy - but all 10 times it has been. Right down to the cents.

    Are you sure you didn't change one of the details somewhere from last year to this year?

  • Austin 316 on 15/10/2013 - 08:05
    +1

    Forget Binglee. Try getting a quote from Progressive (they have got good reviews on whirlpool forums) and you will be surprised.

    On the other hand, I always find my renewal notices are more than a new policy, so I just call them up and ask them to reduce it or I will not renew. I tell them I am going with 'x' company and 95% of the time they just give me the discount needed. Takes less than 5 mins.

  • altomic on 15/10/2013 - 09:13

    in the QLD NRMA offers 10% beat price on renewals.
    maybe not what your looking for, but great for me as I went with progressive last time and so when i get my renewal (I'm hoping it will be the same price) then switch back to NRMA (who had previously beaten quotes by 10% but then last time when I had to renew they jacked the price up by $300+)

  • JediJan on 15/10/2013 - 10:12

    Every time my renewal comes up for renewal I obtain a few quotes for comparison. I have remained with Youi for several years now as I have still found them having the best price and cover for me. I also ring Youi to check if they can do better than their renewal notice says too, and that usually works a treat too. Perhaps I have an older car than you, garage my car, etc. but I last paid $429 in February for full comprehensive. Would be more if I chose to remove the excess though which is about $700 for my policy. With Youi they ask an awful lot of questions but you receive some reductions/consideration for car usage/garaging/locality etc.

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