PREMIUM INCREASE OF 24% - DISGUSTING!

We received our increase letter. I am SHOCKED with how Momentum increases premiums. I see what you do is, offer the client a better premium to move over your policy. Then your increase comes and BOOM, hit a person with 24%

My biggest concern is the increase on the motor vehicles. Please don't come and say labour and parts have gone up and this is the reason, because if that is the case, then it should equal out as the price of the car drops. I am also in the Motor Industry and know about my vehicles.

I have never heard of an insurance company going higher than 10% especially NO vehicle claims. We had a theft claim a few months back which we claimed for. This was not even counted in for with the increase which worries me how its going to affect the next increase. (That is if we stay with Momentum)

Please sharpen your pencil or I will need to seek other insurance.