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L M

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Review of the Tesco Bank, Home Insurance:

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Automatic renewal Rip Off!

I have just received my automatic renewal notice from Tesco Insurance (31/03/2025) for the next 12months and they are “demanding” a 48% (!) increase in my premium. I have been insured with them for the past four years, always paying my annual premium in full up front and have not made any home insurance claims for well over ten years. No doubt if I am prepared to spend a lot of time contacting one of their representatives and negotiating with them they will offer me a better price, as has happened on every previous renewal ! I have already received comparable home insurance quotes from the various online comparison sites and have been offered prices which are 50% lower than Tesco’s renewal price. So, this year I will on principle renew my cover with an alternative insurer, Reviewed on: 5th April 2025

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