I have just received my renewal from Axa which states that my premium for this year is €460. Under this amount on the renewal notice, it states this "includes a previous credit of €154.65".
When I rang to enquire how I had a credit of €154.65 on my account, they told me that no, this was the discount that they would have given me if I had rang up to negotiate..... So really, my new premium was, without the discount, €600. I paid €400 last year.
Got quote from 123.ie for 362. When I rang Axa back, there was no give - it was 460 - take it or leave it.
Felt it was underhand to put the "credit" of 154 on to the premium to mask the huge jump of 200 on last year's quote.
In the meantime, I have saved myself €100.