Just a point on this re: using a broker. My friend has a car/van insured with Allianz. He got his renewal notice and the quote was the same as last year but the broker had also included an other quote from AIG for €105 less. He ask the broker for the best he could do on the allianz quote but he said that was the best they could do so he went with AIG. When he filled out the form and sent it into his broker AIG question what he would be using the van for and as he uses it for work the quote change but the broker then told him that he went back to Allianz and that they said they would match the AIG quote. My point in posting about this is why didn't the broker get this quote in the first place or was he trying to get new business for AIG. Do different insurance companys pay brokers different commission. My friend's quote included a broker's fee of €35.00 for his service which in my opinion fell well below a proper service.
The discounts that brokers have vary all the time and it depends on the company. The renewal goes out about 3 weeks before renewal date. In the meantime Allianz may change the discount they are giving to their brokers. So when the guy rang up to see if Allianz would match, at that time they probably wouldn't. When the issue with AIG arose the discounts had probably increased. i know our Allianz discount doubled recently.
So there you have it. Thats the way it works.
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