I think the experience that Nick describes is quite common. For years I was with LV for car and house. Then they went silly and I changed to Tesco, who were very good for a couple of years, then they went silly. Back to LV which is very competitive and just renewed the house insurance with them. I think we all are aware enough to trawl the internet for a decent quote from a decent company, but it now seems essential to do that or be taken for a loyal fool. My house hold insurance is a fraction of Nicks' at approx £100 for buildings and contents. We now only inhabit a small house, 3 bedrooms etc etc fairly box standard construction. Excess is £200 mandatory and £100 voluntary but we do not have accidental damage cover or any other frills. Even our old house with 5 bedrooms, double garage, large gardens with trees was only a couple of hundred in total. £600 plus seems excessive, although you may have a house that would be very expensive to rebuild it still seems a high premium.

Cheers Concrete

Must be living in Buckingham Palace to pay that money. have you tried compare the meerkats!

Generous Victorian semi (semi's are usually cost more than a detached due to possibility of collateral damage IMOE), large mature trees close to house within boundary, large city postcode and conservation area. It couldn't be worse really (unless it was London)?

Just got alternative cover via John Lewis (the same as the store) for £485, (so I've saved more than £370).

As far as I can see the cover is virtually identical, except I have reduced my excess liability by 50% (from £1,000 to £500) which is a bonus.

Well, well, here we are again, doesn't time fly.

John Lewis got the boot last year (2020) for the usual massive second year premium hike and I ended-up with Halifax and the cover is good. Second year renewal though is a 27% increase! Just called them up and they've offered to discount such that it's almost 8% less than last year, so for cover last year at a cost of £376, the renewal was £478, but a 2 minute phone call has reduced that to £349.

The insurance industry is a shambles.

Our insurance had changed little since moving here in late 2016. This year it dropped by 10%.

................... and here we are again. Just had the Halifax reminder, £349.92 last year, renewal a whopping £553.12 (>58%), madness.

You just need to get on the phone.

£858!!!!!!!!!!!!!!!

That was in 2019.

One of the joys of a Liverpool postcode!

It was also Hiscox, who did lose a shed load of customers at this time over their price hikes.

Hiscox are genrally considered gold standard and gold isn't cheap.

I would also advise anyone to get an up to date cost for rebuild. Building costs have gone up signifcantly in the last 2 years.

According to my housing development's property manager, homes should generally (flat blocks included) should have revaluations every 10 years minimum, preferably 5 years to take changes in rebuild costs. And that's with the insurer upping the 'value' by an 'inflationary' figure each year.

Our resulted in the flats' buildings insurance (part of our annual service charge) doubling for the existing provider, but luckily he managed to find a good alternative where the cost only went up by 15% (sounds bad but for the past 5 years or so it had remained about the same).

Indeed - insurance companies (like Utility companies, before the current shennanigans) rely on people who cannot be bothered to change provider for the majority of their profits.

It doesn't mean we should should necessarily change each year (especially as the quality of service is difficult to quantify without actually claiming at some point), but still, with a bit of luck and useful advice from others who have had experience of claims we can often make a reasonable judgement on value for money.

Oddly enough after esure kept upping my car insurance for 3 years straight (no claims generally since 1999) and me dumping them for Quote Me Happy for the next 2 years, esure suddenly dropped their quotes for 2022-23 on the screen scraper sites (no 'extra' offers to skew the result) and was within £20 of my renewal quote from QHM, which I still went for, far less than the difference the previous two years.

It'll be interesting to see whether they drop their quote any more next year. I wouldn't be surprised if your original provider eventually 'gets the message' and drops their quotes within 2-3 years.

The only time I think they wouldn't is if your personal circumstances changed, e.g. moving home to a 'higher risk' area, added something new onto the house policy or more likely turning 70/75 (whatever the 'being old' age is for them) - for some insurers, they don't like insuring certain groups of people becasue they believe they are a higher risk.

I had my dad on my car policy as a named driver just for emergenecies (in case I was not able to drive it home) and when he turned 75, the premium jumped by about 10%. I now have my sister on as the named driver instead.

Hi all, I'm new here... Hopeful for a bit of direction...

My father passed away recently and I now have his home which I've allowed

His granddaughter to move into, she's not paying rent or any other bill

At the moment and won't be going forward... I need to get building insurance

But due to the fact I don't live in the house, it's not a rental or holiday home

And I own another house which is my primary residence... None of the standard

Insurance policies quite fit. Has anyone ever come across this type of setup?

Any advice welcome,

Thanks,

Marc

Thanks for that. Appreciated

Try Prvilege (part of Direct Line Group).

4 bed detached in goodish area - just been quoted £258 vs £290 last year with Direct Line.

This is the first renewal having moved last year - it may be they leave it 3 or 4 years before trying it on with renewal premiums.

Otherwise price increases all seem very erratic - it is difficult to believe that costs in some areas have increased by 40%+ yet gone down in others by 10%.