Ep - 56 Save £200 in less than an hour
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