I had to renew by buildings and contents cover for another year. Of course the existing insurer had written to me with their "offer". This offer seemed very expensive (doesn't it always?) - so I went direct to who they were insuring from and got an offer £200 cheaper.
In the past the original insurer would ring up and ask why I was not renewing. When I say I got a cheaper offer they would say "we could have done cheaper".
What a racket! I would make it law that the quote an insurer makes cannot change once it has been issued - so essentially their first quote must be their best quote right from the start!
There's bound to be some Freakonomics problem to this, but it would cut down blatant profiteering.
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