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Farm Business
Agricultural Matters
Farmers and Mercantile (Axa) Price Hike and Options
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<blockquote data-quote="Gibbybox" data-source="post: 7058729" data-attributes="member: 58658"><p>Just been quoted for insurance renewal this year and the vehicle part of the policy is £850, an increase of 70% on last year. This is due to a change in the insurer from Axa to Amlin as Axa are no longer competitive due to some large claims this year according to F&M.</p><p></p><p>While I understand that insurers will no doubt be under pressure due to COVID, I find 70% hard to swallow and will need to look around. Has anyone else experienced similar this year? Any recommendations for alternatives beyond NFU? The cover by Axa was decent and it covered my day-job as well as farming activities/pulling trailer, something that is not always easy to specify when looking at comparison websites from what I remember.</p><p></p><p>Another annoying thing is that there was a limit of 5 years no-claims discount on the Axa policy so despite joining with 7 years and being with them for 3, I believe I 'officially' only have 5 years NCB rather than 10.</p><p></p><p>Any similar experiences or advice are appreciated as always!</p></blockquote><p></p>
[QUOTE="Gibbybox, post: 7058729, member: 58658"] Just been quoted for insurance renewal this year and the vehicle part of the policy is £850, an increase of 70% on last year. This is due to a change in the insurer from Axa to Amlin as Axa are no longer competitive due to some large claims this year according to F&M. While I understand that insurers will no doubt be under pressure due to COVID, I find 70% hard to swallow and will need to look around. Has anyone else experienced similar this year? Any recommendations for alternatives beyond NFU? The cover by Axa was decent and it covered my day-job as well as farming activities/pulling trailer, something that is not always easy to specify when looking at comparison websites from what I remember. Another annoying thing is that there was a limit of 5 years no-claims discount on the Axa policy so despite joining with 7 years and being with them for 3, I believe I 'officially' only have 5 years NCB rather than 10. Any similar experiences or advice are appreciated as always! [/QUOTE]
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Farm Business
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Farmers and Mercantile (Axa) Price Hike and Options
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