Petition Insurance Renewal 'health warning' on potentially inflated renewal premium

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Each year we all get insurance renewal documents and these often quote an inflated premium. Often, by calling the insurance company the premium can be substantially reduced due to ‘special’, ‘new customer’ or other discounts.

Therefore, let us require by Law, all insurance company renewal notices carry the following prominent ‘health warning’ in much the same way cigarette packaging must carry a warning:

“We may be able to provide you the same policy and identical cover at a substantially lower premium if you do not accept this renewal notice and instead contact us or your broker and start a fresh insurance proposal. This is due to the way in which our renewal premiums are calculated which may not necessarily quote you our best price. You may pay an elevated premium by accepting this renewal offer.”

How about a bit of ‘transparency’ and honesty from our insurers!

This petition is closed This petition ran for 6 months

7 signatures

Progress of the petition towards its next target: 7 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 8 November 2014
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