NFU truck insurance

[Mark Bolam]

Pleasant surprise today when my renewal came through and it’s £25 cheaper than last year.

 

I expect they’ll try and bend me over next year, but I’ll take the win for the next 12 months.

[Brushcutter]

Better than a kick in the teeth. 

[woody paul]

Not bad one of my trucks went up by £15, but the other reduced by £350. Will be ring insurance company next week to find out if they over charged last year. 

[green heart]

2 hours ago, Mark Bolam said:

Pleasant surprise today when my renewal came through and it’s £25 cheaper than last year.

 

I expect they’ll try and bend me over next year, but I’ll take the win for the next 12 months.

 

I wish that was my NFU experience! 

 

After a decade or so of no claims (ever!), they suddenly bumped up our business insurance by 70%, so I moved to another insurer..

A couple of years later, almost the same with my household insurance, so I moved that too..

Then three years ago, declined to insure the remaining tractors, and Mog -all with no claims, again !

Couldn't get any sense out of their head office or anything...

🤬 

[Mark Bolam]

It’s a lottery mate.

 

As I said, next year there’ll be a 4000% increase or something.

 

I’m sure they get their figures from a Rubik’s cube soaked in chicken blood or something.

[Mark Bolam]

15 minutes ago, green heart said:

 

I wish that was my NFU experience! 

 

After a decade or so of no claims (ever!), they suddenly bumped up our business insurance by 70%, so I moved to another insurer..

A couple of years later, almost the same with my household insurance, so I moved that too..

Then three years ago, declined to insure the remaining tractors, and Mog -all with no claims, again !

Couldn't get any sense out of their head office or anything...

🤬

 

It’s mental isn’t it?

You sound like a really good (non) risk.

If they’d kept the figures the same, or only bumped them up lightly, they’d still have your business, and your money.

[eggsarascal]

My renewal also came today, multi vehicle policy, nearly £400 less than last year, no change of vehicles or address. Do insurance companies pluck these figures out of thin air?

[AHPP]

They're using Chinese AI to determine risk. Anyone whose premium has dropped is probably actually a total rogue.

Edited January 31 by AHPP

[GarethM]

They've changed the under wrighter to Tokyo marine about 2 years back, so maybe they've got a better handle on the market compared to Gallagher.

Edited January 31 by GarethM

[eggsarascal]

46 minutes ago, AHPP said:

They're using Chinese AI to determine risk. Anyone whose premium has dropped is probably actually a total rogue.

Keep it sunshine.