This week I started my quest to find another insurance provider. I printed out my policy docs (after once again enraging myself at the thought that they want to increase my premium so much), and spoke to my first call centre agent of the week.
We had a lovely chat (I actually don’t mind talking with the agents, as long as the call was initiated from my side and was not unsolicited) and while we waited for the quotes to generate we joked around. When I heard her gasp though, I knew it was bad news.
The number the system spat out was an effective 41% increase on my current premium. And that was just for the car, we hadn’t even gotten around to the home contents insurance yet. No amount of excess fiddling or benefit tweaking would have brought that number down. She thanked me for my time and I ended the call.
I’m pretty sure that it’s because all the banks dinged my credit record in December when we did the bond applications. As far as I know, that kind of action hangs around on the record for at least three months, even if the applications are successful (which they all were).
What it seems like is I’ll have to negotiate the increase down with my current insurer (to like 10%), and hang on a few months while my record settles down, then try again with the other places. Sigh.