How is my last year's premium calculated on my renewal notice?

If you’ve made no changes to your policy from last year, the figure given as your premium last year will show as price you paid for your policy, minus any interest paid on instalment or credit card transaction fees.

If you have made any changes to your policy, we’ll calculate what your premium would have been last year with these changes in place and use this figure as your last year’s premium, minus any interest paid on instalments or credit card transaction fees.

 

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