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Why Has My Insurance Price Gone Up? πŸ“ˆ

There are two common reasons

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Written by Julian Weixler
Updated yesterday

Mid-Term Price Change πŸ› οΈ

If your price changed during the policy term, it’s likely due to an insurer update (called a mid-term adjustment).

πŸ”Ή Example: If your No Claims Bonus couldn’t be verified and was lowered, your premium may increase.

πŸ“Œ These changes are made to reflect the accurate risk.


Renewal Price Increase πŸ”

Price increases at renewal are normal. This happens because:

πŸ”Ή Insurers reassess risk each year
πŸ”Ή Market prices and claims data change
πŸ”Ή NCB increases may not fully offset other factors

πŸ’¬ Still have questions? Our Renewals Team is happy to help!

If you’re unsure, our Live Chat team is also here for you anytime!


We’re happy we could assist you.
– The My Portal Team 😊

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