Making A while the sun shines

Today I received my insurance renewal quote from the AA. Apparently my current insurer wants £295 to renew but the AA has found someone cheaper at £233. How kind of them. I will renew without delay. However, I checked last year's premium, it was £190 so decided to actually read the rest of the documentation and saw that the car's value had shot up from £3,500 to £17,000. I also looked at comparison websites and then rang the AA. They amended the valuation and, low and behold, the renewal premium is now £161, £72 less than their "improved" quote. I know times are hard, but they are for all of us. I felt this seemed rather underhand and, whilst, I am sure, most of your readers would not be caught, some might.

Asked on 9 January 2010 by M.W., Appleton

Answered by Honest John
That's what happens when Private Equity firms and Investment Banks take over everything, putting businessees into so much debt they have to pull stunts like this to pay them off. Read 'Who Really Runs Britain' by Robert Peston.
Tags: insurance
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