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23rd July 2023, 02:35 PM
#1
Standard Member
Premiums hike. No longer competitive
I've been with BeMoto since I got my Gen 3 in 2017. Each year, renewal premium virtually same as previous year so very happy. I've never had to make a claim. This year, renewal premium hiked up by whopping 68%. I telephoned but they said there was nothing they could do and only explanation was underwriter increases so, reluctantly, I went on comparison site and switched to another company paying slightly less than my last year with BeMoto.
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23rd July 2023, 02:38 PM
#2
Forum Moderator
Re: Premiums hike. No longer competitive
Yes they are going through a tough time. Their underwriters are not supporting them very well. Nature of the beast for an agent like they are. Shame as every other part of their business is spot on.
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23rd July 2023, 02:50 PM
#3
Standard Member
Re: Premiums hike. No longer competitive
Indeed. Whenever I had cause to call, I found them knowledgeable and helpful. However, with so many better quotes via comparison sites, it looks like they need to review their list of underwriters.
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23rd July 2023, 04:30 PM
#4
Standard Member
Re: Premiums hike. No longer competitive
Same issue for me in June. Good business being done over by underwriters. I’m now with BikeSure this year but will look at bemoto again next year.
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23rd July 2023, 09:23 PM
#5
1 YEAR PREMIER MEMBER
Re: Premiums hike. No longer competitive
Same story as mine, not quite the 68% you were quoted but still at 45% I went elsewhere
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3rd August 2023, 04:31 PM
#6
2 YEAR PREMIER MEMBER
Re: Premiums hike. No longer competitive
Hahahahahahaha! I laugh at your paltry increases. 300%!!!! Guess who I won't be using.
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