My AIB renewal was 80% more than last year
Five minutes on the performance direct web site got down to about £10 more than last year.
Despite the change in the rules existing customers still seem fair game to get fleeced.
I've read so many posts saying
insurance costs have shot up and been like that for last two years. Not seen that myself for either car or motorhome
insurance.
My Autotrail MH
insurance is due next month and just got the renewal quote email from AIB... has gone up but not by much.
2020 Price - £350 - but included Business Use Cover so expected a more expensive price than old van
from 2021 with AIB
2021 Price - £238 with excess total £350, no NCD
2022 Price - Can't recall price, but it is a policy where I switched from no NCD to apply 11 years worth of previously earned NCD
2023 Price - £220 with excess total of £150, Full NCD
2024 Price - £240 with excess total of £0, Full NCD
So very little difference year by year really. I have a look around but I have not changed broker since 2021 as the prices are reasonable and don't seem to alter enough to make it worth to bother persuing alternatives or to negotitate a better renewal price.
Out of interest, depending on underwriter, AIB can use NCD if available or ignore NCD. I understand if the selected underwriter does not use NCD as a factor, you also don't generate NCD either?
As an stated proof of NCD* expires after 2 years of non-use, it is something to consider if you have a decent level of NCD and want to maintain (or even grow) it. This is the reason why with the car we both drive, we take it in turns each year to be the policyholder so we keep both our car NCDs active.
*Proof of NCD is not the same as asking for a letter from an insurer saying you have been insured for x years and not made a claim. It should be I guess, but not in the eyes of an
Insurance underwriter, so a 'proper' NCD is a lot less hassle.