Why has my renewal price increased from last year?

Prices can increase for a number of reasons. If you haven’t made a claim on your policy, there are other reasons why prices go up at renewal.

Prices can increase for a number of reasons. If you haven’t made a claim on your policy, there are other reasons why prices go up at renewal such as:

  • Introductory discounts that only apply to the first year of a new policy
  • Regular pricing reviews - these take into account changes in customer behaviour or the types of claims we are paying
  • Changes to government taxes, such as a recent increase in Insurance Premium Tax
  • General market conditions such as the increasing cost of repairs, or the cost of replacing lost or damaged items.

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