A like-for-like premium may be used if there have been changes made to your policy in the last 12 months. We calculated what the price of your policy would've been the previous year with these changes, so you can make an easy comparison. This means the premium for the previous year listed on your renewal schedule may not always be the same as what you actually paid.
For example, if you've changed your vehicle cover from Comprehensive to Third Party cover, we would show what your annual premium would have been for the previous year if you had had Third Party cover from the beginning of that policy term.
Please note that any discounts that applied for last year's policy term will be reflected in last year's premium, but won't be carried over to your renewal premium. For example, you may have received a campaign discount on your policy last year which was only valid for one policy term. In this scenario, the like-for-like comparison will show last year's premium with the discount, and the renewal premium without the discount.