Insurance price rising

[Paint it Lucky]

Although my horse has been insured for the same things for three years and I have not claimed or increased his value at all my insurance prices seem to be rising by about £20 a year. Is this normal? Should I be concerned?
PS: He is insured with equestrian direct.

 

[chestnut cob]

That surprises me...I'm with ED and mine is less this year than last, even with exclusions and having made quite a large claim on him in Jan too. They do tend to put the value of the horse up each year so check they haven't done tha.t

 

[kcgibson]

that is a lot to be adding on each year. I would qquestion it at the ins. company and get a quote elsewhere. Petplan and NFU are two of the best (i work in vets so that comment comes from a good source! lol)

 

[Donkeymad]

Thing is, all insurances, go up, regardless of wether you have claimed or not, they need to generate income to pay those who DO claim.

 

[ExRacers]

It's a fact that most insurances will increase each year even if you don't claim. I see it all the time as I work in the industry.

One tip - most insurers are looking to retain business so it's worthwhile going back to them & seeing if you can haggle the price.

Worked with one of mine last year!!

 

[Toby_Zaphod]

If you're not happy with the way the insurance hjas gone up then just pass on your details to any of the other rfeputable companies & see what they will come up with. Don't feel obligated to stay with one particular insurer. Some companies will give you a reductiopn as an introductory offer....try it, you may be surprised at what you may be able to save.