03-09-14, 12:46 PM
I went through exactly the same process with my house&contents insurance last night. Privilege were the cheapest offer I found last year, renewal quote was £138... a quick check on MoneySupermarket gave the cheapest quote as £95 from, you guessed it:- Privilege. So I rang them up, cancelled the renewal and started a fresh policy with the exact same details as the old one.
The stupid thing is, if they'd just done the honest thing instead of trying to rip me off they'd have saved themselves from having to hand over a few quid to a price comparison site.
I always make sure to tell insurers not to automatically renew, as soon as you get lazy they'll shamelessly inflate the price at renewal time and help themselves to your money.