named drivers

Motor insurance premiums are rising very fast, and unexpectedly for drivers who have made no claims or changes to their policies. Many  loyal customers are getting renewal notices for premiums that have more than doubled.
Insurance companies say this is because car repairs are much more costly and those of us who have not incurred any costs are expected to pick up the bill.
That is unless we act quickly, and firmly, by challenging our insurance provider to reduce the premium, and failing that, to find out what other insurers will charge.    
Companies are not supposed to charge loyal customers more than new ones, but personal research by Mrs Mean when her insurance premium was doubled showed that new customers are welcomed with competitive rate.   She found that she could quickly get a reduction of more than £200 by moving to a new insurer and a policy  that had extra features.
The quicker you check out the market the more you can save.  
Direct Line has agreed to pay £30m to loyal customers who have been overcharged.  There will be others. Make sure you do not pay too much.

Please send ideas questions, tips and warnings about rip-offs to Mrs Mean through the contact page on her website: mrsmeanmoneyshow.co.uk or to infomrsmean@gmail.com

Regulations  were introduced last year that were supposed to cut the cost of motor and homes insurance by £4 billion over the next 10 years.   But customers are being asked for increases of 80% and even the industry estimates we will all be paying an extra 30% on homes insurance this year and 15% more on motor premiums.

And unlike other years when we have been able to telephone our insurance company and negotiate a reduction, this year some companies are stating in their renewal letters the price and it is not negotiable.

So all customers have to start early when it comes to finding out where the best deals are and also to make sure they are not paying for features they do not need.

Remember the earlier you ask for a quote the cheaper it will be.  The closer to the renewal date the premium will increase because the insurance companies know you are running out of time.   We are frightened of missing the renewal date and being illegal when we drive or having no insurance when we claim. 

Loyal customers used to be overcharged now it may seem that all insurance customers are at risk of paying too much.  It is up to all of us to make sure we do not.

Please send ideas questions, tips and warnings about rip-offs to Mrs Mean through the contact page on her website: mrsmeanmoneyshow.co.uk or to infomrsmean@gmail.com