I've been with Admiral for a long time - same song and dance at renewal time every year:
- Receive renewal quote, it's somewhat unpalatable (particularly last year when they upped it from £1500 to £4000 for reasons I can't begin to comprehend)
- Get a quote from LV which is fairly close to my previous premium
- Call up Admiral and they tap away at a computer and match it (like even dropping the £4000 renewal back to £1600)
Except this year, Admiral quoted a renewal at £1850 from £1600, I went off and got my usual LV quote, and it came out at £1200, which was so crazy-cheap compared to anyone else I did it twice to make sure I didn't enter anything incorrectly. Admiral said they best they could do was £1600, but at least it would save me the "hassle" of changing providers... needless to say I opted for LV.
My suspicion is that they're all just making it up.