wymberley Posted October 4, 2022 Report Share Posted October 4, 2022 I'm pretty sure something has recently changed but am not entirely sure what. So, can, say, an insurance company offer a reduced rate for a premium to a new client? Quote Link to comment Share on other sites More sharing options...
Yellow Bear Posted October 4, 2022 Report Share Posted October 4, 2022 IIRC they have to offer renewals at the lowest rate available in any form at the renewal time. This would, I think, mean no lower rate for new customers. Quote Link to comment Share on other sites More sharing options...
wymberley Posted October 4, 2022 Author Report Share Posted October 4, 2022 1 minute ago, Yellow Bear said: IIRC they have to offer renewals at the lowest rate available in any form at the renewal time. This would, I think, mean no lower rate for new customers. Many thanks, so that would knock an introductory discount on the head as it wouldn't apply to an existing client renewing their policy. Quote Link to comment Share on other sites More sharing options...
Dave at kelton Posted October 4, 2022 Report Share Posted October 4, 2022 I have just received an introductory discount of 30% from gunplan. I think it is the other way around and existing customers have to be offered the same as new ones. Just renewing my home insurance and broker has the premium down 25% for this reason. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.