€114 discount on my insurance on passing my test??? I don't think so...

marley123

Cant believe this.. I got insurance on my car when I started driving 6mths ago - ( well DH insured & me as a named driver)
Passed my test yesterday rang insurance company today - a whopping discount of €114 but being charged an extra €75 as we have moved house!
Insurance with this particular crowd costing me over €1400!! ( am female driver over 30 )!!!

So I rang around & have managed to get fully comp insurance for €569!!! Eh hello that is a difference of €881 a year!!!!!! Rang crowd A back & told them I was cancelling, didn't seem bothered - don't seem to want the business!

aujopimur

The charging for change of minor details like address etc. is a right rip off by some insurers.

marley123

aujopimur agree! but nearly €900 in the price difference is huge - actually the biggest difference in insurance the sales girl has got for someone since working with the company!

seamus

Most insurance policies have a cancellation clause where you don't get refunded any part of your premium if you cancel after six months. So the reduction in your premium is pro-rated from that point of view - they've already provided you with 6 months insurance as a provisionally-licenced driver. So you're only entitled to a reduction on (at most) €700 of your premium.

If you get a new quote with your existing insurer, you'll find that the amount they quote you now for a full year is way less.

marley123

They offered a reduction of €114!! which works out at a discount of €30 when address change costs are added on.

Asked them for diff quote & came in around the same! Not much less at all

ADIDriving

Well done. You passed your test. If you can change insurance company do so now. Weigh up what you might gain or loose on changing mid policy. Otherwise, remember this as renewal date approaches. Do not give them another cent.

marley123

No cancellation penaltys! so have cancelled & run with the new company - saving of near €900 for the yr - defo worth doing alot of shopping around!

ADIDriving wrote: »

Well done. You passed your test. If you can change insurance company do so now. Weigh up what you might gain or loose on changing mid policy. Otherwise, remember this as renewal date approaches. Do not give them another cent.

ThunderZtorm

I'll make sure to check with my insurance blokes after I (hopefully, knock on wood and all that) pass my test in a few weeks' time.

I currently pay 1800 a year (32 y/old male) - anything I can do to lower that would be absolutely wonderful.

marley123

That seems very very high considering your age ( obviously depending what you drive

I am driving a 2l Honda CRV - give Insure.ie a call! highly recommend & very nice to deal with

ThunderZtorm wrote: »

I'll make sure to check with my insurance blokes after I (hopefully, knock on wood and all that) pass my test in a few weeks' time.

I currently pay 1800 a year (32 y/old male) - anything I can do to lower that would be absolutely wonderful.

ThunderZtorm

marley123 wrote: »

That seems very very high considering your age ( obviously depending what you drive

I am driving a 2l Honda CRV - give Insure.ie a call! highly recommend & very nice to deal with

I'm driving a 98 Peugeot 306, 1.4l. Has immobilizer, alarm and is generally parked in a private locked parking cellar. I think it's expensive too, but it was by far the cheapest offer I found - everything else was around 2200+ a year.

challengemaster

aujopimur wrote: »

The charging for change of minor details like address etc. is a right rip off by some insurers.

That depends - if it was only for the admin fee for changing the details then yes, but I've a feeling it wasn't just that. The idea behind it is if you're in a high-risk area where cars are being stolen, then your premium goes up to compensate for the extra risk the insurance company has of paying out.

Just so you're aware, because you cancelled your insurance before the year ended you aren't entitled to any NCB / Named driver experience for that period, which is probably the biggest downfall in doing so - but if you've found fully comp insurance for yourself for much cheaper, your own NCB will work out cheaper in the long run anyway

marley123

The €75 change of address fee was going to be put on as moved from Wicklow to Dublin ( & TBH area we are in in Dublin is way more safe & a better area in general, car would have been at more risk in Wicklow )

Yep understand the NCB bit but €569 fully comp after just passing my test is brilliant.

challengemaster wrote: »

That depends - if it was only for the admin fee for changing the details then yes, but I've a feeling it wasn't just that. The idea behind it is if you're in a high-risk area where cars are being stolen, then your premium goes up to compensate for the extra risk the insurance company has of paying out.

Just so you're aware, because you cancelled your insurance before the year ended you aren't entitled to any NCB / Named driver experience for that period, which is probably the biggest downfall in doing so - but if you've found fully comp insurance for yourself for much cheaper, your own NCB will work out cheaper in the long run anyway

challengemaster

Don't get too used to it, next year it'll be illegal for insurers to alter premiums based on gender so expect a substantial price rise