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New Customer Insurance Discounts Banned

Posted: May 28th, 2021, 7:19 pm
by GeoffF100
We will all be paying more for insurance:

https://www.thisismoney.co.uk/money/new ... omers.html

I guess it will save us the trouble moving to a new insurer every year though.

Re: New Customer Insurance Discounts Banned

Posted: May 28th, 2021, 7:59 pm
by 88V8
GeoffF100 wrote:We will all be paying more for insurance:

Yes.
New-customer discounts are as old as time. Or certainly the late 60s when I started in insurance.

I dare say insurers will find some other way of attracting new customers.
Free pens, discount vouchers, hampers, the phone nos of persons of loose morals.

V8

Re: New Customer Insurance Discounts Banned

Posted: May 28th, 2021, 10:19 pm
by GrahamPlatt
88V8 wrote:
GeoffF100 wrote:We will all be paying more for insurance:

Yes.
New-customer discounts are as old as time. Or certainly the late 60s when I started in insurance.

I dare say insurers will find some other way of attracting new customers.
Free pens, discount vouchers, hampers, the phone nos of persons of loose morals.

V8


Why the last one? - surely you already have your broker’s number?