M&S insurance WTF?
After a massive jump on our home insurance we changed companies after a dozen years and no claims with them.
Just had the pet insurance policy come in and after 6 year and no claims it’s gone up by over 21%.
Anyone else noticed massive insurance jumps this year for regular, reliable and non claiming customers?Posted 4 years agojonbaMember
Calculations may have changes due to new data. You’ve probably jumped up a few risk groups.
M and s renewals were always more expensive than first time quotes. But since you lose the bike cover if you don’t renew I’ve paid the extra for the last few years as it was cheaper.
If it drops down below 2k then I may be forced elsewhere.Posted 4 years agoAlexSimonSubscriber
I’ve just been through getting all sorts of quotes after the change from M&S.
After declaring my bikes they want £650
American Express (recommended on here) had similar cover for £380
It’s a bit more hassle because you have to declare lots and lots of things, but that’s a pretty big saving.
Only problem is M&S used to do 0% finance, whereas AMEX is some silly 30% or something so the monthly amounts are only about £10 cheaper. Tempted to try and pay it one chunk.
Most of the other recommendations (AA NFU) had limits that prevented me being able to use them. £3000 total outbuildings for AA for e.g.
One thing that I didn’t know:Posted 4 years ago
They all seemed to think that a bike visible inside a locked car wouldn’t be covered, in the same way an iPhone left on the dashboard wouldn’t be covered. I’ll have to start locking the bikes to some immovable part of the car inside for them to be covered.footflapsSubscriber
Insurance is the possibly the worst business for penalising customer loyalty, they know most people just renew, so load up renewals as high as they think they can get away with. Our M&S House insurance renewal went up from £150 to £400 (no material change), went with Coop for about £100.Posted 4 years ago
Weird this indsurance lark. I’ve been paying about £170 a year, presuming this was high to cover my bike as a specified item.Posted 4 years ago
Just moved, declared 4 bikes a grand upwards as specified items (+insured away from home) on confused.com (other comparison sites are available) and got it for under £90!
We’ve been with M&S for 5 years or so , always been superb (sadly had to use them too), but this years renewal went from approx £360 up to £750 once Id specified 4 bikes which by the way I did last year , after 3 phone calls about it and their “change of policy” we’ve moved to ESURE and are back at the £350 mark again.Posted 4 years agotrail_ratMember
Ah ok. Contents only. Thatll be why its cheap 😉 let me guess – no bikes or no bikes over 2000at least ?
Mines is well over 500a year atm. Seriously tempted to self insure the bikes. Can get buildings and contents cheap enough. Im more worried about my tools going awol than the bikes- they would be easier to fence than most of my bikes :/Posted 4 years agosuperfliMember
Yup, same as OP.
My renewal came through the other day – £800! Thats up £200 from last year! We made a claim for water/ceiling damage, but thats what I pay my money for.
Anyway, onto moneysupermarket and got loads of quotes for around £270+. Gone with Allianz and specified 2 bikes (£2k+3k) which is max. Came to £330 with monthly payments, so loads better 🙂Posted 4 years ago
The topic ‘M&S insurance WTF?’ is closed to new replies.