Is this a joke
Apologies if this has been covered. Others with Headley will get the same letter at renewal time.
Headley say that Hiscox will not offer renewal terms as it was 'unprofitable' but they have found an alternative called Markerstudy ( never heard of them ) The renewal quote is £406 !! Lol
In the 3 years I have had the car its gone up by nearly 200 quid
This is an absolute joke.
Are there any insurers out there that wont bend me over and then insert a large pineapple up where the sun dont shine ??
Markerstudy are a large outfit and cover non standard cars - my Ferrari was insured by them for a couple of years.
I was chatting to an insurance guy about prices and it seems that they are really suffering from cost explosion. Not only are repair garages hiking their rates but thanks to the pandemic supply issues on components they are finding that they are taking much longer on repairs with hire cars out for a lot longer. Then of course there are the price hikes on spare parts - I havent bought any for a car recently but judging by the costs for boats, many have doubled!
The last service bill on my toy was double what it was for the same job by the same garage 3 years earlier!
There is another issue in the background. For decades now insurance companies and brokers have poached customers from each other by offering prices they cant sustain and hoping that the customer doesnt shop around at renewal time. The government have banned this practice so the customer who does shop around should get the same price as the supplkier offers to customers who do. Obvious increase for some like me who play the market every year. That incudes those using comparison sites.
