This year we have been reviewing our insurance policies for car and home.
When my car insurance came in I thought it was rather high so shopped around and found a cheaper deal. When I told my existing insurer that I would not be renewing my insurance because I had found a company who quoted a rate half their renewal rate, they immediately offered to match it. My response was that they should have offered me the cheapest rate they could manage right at the start and that I was not going to start negotiating with a company I couldn't trust.
We are now going through the same process on our house insurance. This has been a bit more complicated because, firstly, our house is a Listed Building and secondly, although we have never flooded, our village has twice in the last 10 years. As soon as we told our broker we had found a more competitive quote, she too went away and came up with a better deal with another company, despite having told us that our flood-status, meant no other company than the one we had been with for the last 10 year would consider insuring us with flood cover. We have found several companies prepared to insure our house and we are going to save ourselves £hundreds by moving to one of them.