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The Big Risk Equalisation Scam.

  • 10-07-2013 3:48pm
    #1
    Saab Ed
    Closed Accounts Posts: 5,374 ✭✭✭


    With the introduction of risk equalisation via the E.U. the logic was that premiums should have reduced in theory for men and gone up for women. This though does not appear to be then case. I have a lot of anecdotal evidence to suggest otherwise. Everyone's premium has appeared to actually increase this year and when you ask the companies why they'll often suggest its due to - you've guessed it - risk equalisation.

    This is more of the rip off crap we roll over and take here all the time. How can they be called to task on this?


Comments

  • #2
    Anan1
    Registered Users Posts: 22,818 ✭✭✭✭Anan1


    FWIW, mine came down by €80 this year.


  • #3
    challengemaster
    Registered Users Posts: 16,931 ✭✭✭✭challengemaster


    Mine dropped ~3-400 if I remember right


  • #4
    Saab Ed
    Closed Accounts Posts: 5,374 ✭✭✭Saab Ed


    Anan1 wrote: »
    FWIW, mine came down by €80 this year.

    Ah okay, maybe I'm wrong. Every quote I personally got went up as did a good few friends. One friends quote with the same compai he's with for years was a bloody insult.


  • #5
    Anan1
    Registered Users Posts: 22,818 ✭✭✭✭Anan1


    Saab Ed wrote: »
    One friends quote with the same compai he's with for years was a bloody insult.
    Nothing new there! They always aim high with existing customers.

    Re your original point, I think we'd need official figures to call it either way.


  • #6
    djimi
    Registered Users Posts: 13,238 ✭✭✭✭djimi


    Mine went up marginally but that was to do with the company changing their policies on performance cars. I eventually got a quote for €150 cheaper than I paid last year.

    Anyone who thought/assumed that male insurance was going to drop this year had their head in the clouds unforunately! Insurance companies were told that they could not discriminate between gender; in a perfect world this would mean that the price of male policies would drop to the level of the female policies, or at least they would meet in the middle, but in reality that was never going to happen.


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  • #7
    coolisin
    Registered Users Posts: 1,791 ✭✭✭coolisin


    Yeah I agree with you OP, both of our policies went up and it was due to high operating costs and risk equalisation, at least this is what I was told.


  • #8
    challengemaster
    Registered Users Posts: 16,931 ✭✭✭✭challengemaster


    Funnily enough, one thing I have noticed is pretty much all online quote systems still have a gender checkbox (And most of them still actually change the quote)


  • #9
    Matt Simis
    Registered Users Posts: 8,718 ✭✭✭Matt Simis


    Mine went down too..


  • #10
    evanSpiddal
    Registered Users Posts: 109 ✭✭evanSpiddal


    Mine went down €150 this year (From €570 to €420)


  • #11
    galwaytt
    Registered Users Posts: 12,761 ✭✭✭✭galwaytt


    ..well mine went up, and then they gave me a 'bigger discount' to bring it to less than last years.

    So, will the Real Insurance Premium please Stand Up ? .

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



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  • #12
    HandsomeDan
    Banned (with Prison Access) Posts: 843 ✭✭✭HandsomeDan


    Mine dropped from 520 to 410, 119 euros.


  • #13
    keithsfleet
    Registered Users Posts: 1,072 ✭✭✭keithsfleet


    My renewal, which I didn't take, went from 720→670 this year.


  • #14
    dh0011
    Closed Accounts Posts: 890 ✭✭✭dh0011


    mine dropped 680 to 478


  • #15
    Saab Ed
    Closed Accounts Posts: 5,374 ✭✭✭Saab Ed


    It would appear that I'm talking out if my hat. Honestly, the people on here telling me their premiums have gone down is a first for me. Good stuff so.

    As a matter of interest, to the people who've received reductions, was it with your existing company or did you change?


  • #16
    dh0011
    Closed Accounts Posts: 890 ✭✭✭dh0011


    stuck with liberty


  • #17
    RustyNut
    Registered Users Posts: 3,430 ✭✭✭RustyNut


    They got the whole putting it up for women thing in MRS Nut's case. The renual went from €350 to over €700 with axa, when she called she was told that's it take it or leave it.

    After 10 minutes online she got it for less than last years renual.


  • #18
    keithsfleet
    Registered Users Posts: 1,072 ✭✭✭keithsfleet


    The girlfriends renewal 2 months ago had jumped from 700→8 something.
    After a bit of shopping around and a possible clerical error managed to get it for 260.....


  • #19
    Voodoomelon
    Registered Users Posts: 9,662 ✭✭✭Voodoomelon


    Mine went down in January, however it brought me into my fifth year no claims. Funny though with the gender thing, adding my mother brought it down about €70.


  • #20
    [Deleted User]
    Posts: 16,720 ✭✭✭✭ [Deleted User]


    Was with Tesco, now with 123. Policy went down by nearly e100.


  • #21
    Yakuza
    Registered Users Posts: 5,141 ✭✭✭Yakuza


    Mine went down by about €20 to €320, the wife's went up by about the same to €350 (both with Aviva - fully comp).


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