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Is Lloyds Insurance to good to be true?

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  • 05-04-2013 4:40pm
    #1
    trevdaman
    Registered Users Posts: 34 ✭


    Hi I've recently just passed my theory test and I'm planning on getting a Polo but I'm a college student and insurance for young drivers is horrendous. After sifting through the internet I finally found an insurance for me that wasn't over 3000€. I found the insurance company through chill.ie called Lloyds that is a great price for me. But as they say if it looks too good to be true it probably is. I'm wondering has anyone been insured by them and are they good?
    Tagged:


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    #2
    dgt
    Closed Accounts Posts: 12,985 ✭✭✭✭dgt


    Did you try McKeever O Callaghan? They're brokers too


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    #3
    ek motor
    Registered Users Posts: 548 ✭✭✭ek motor


    Hi

    I was previously insured with Lloyds, the broker at the time was insure.ie . It was my first insurance too and went with them as they were cheapest, never had any problems with them .


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    #4
    MugMugs
    Registered Users Posts: 17,875 ✭✭✭✭MugMugs


    Some might say that they're the safest bet at the moment. They're a huge insurer mainly in the UK but they operate on licence here too.


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    #5
    dublinjody
    Registered Users Posts: 4 ✭dublinjody


    I got insurance through Chill.ie and I was insured with Lloyds. It was definitely the cheapest and I've never had any issues with them. I say go for it!


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    #6
    trevdaman
    Registered Users Posts: 34 ✭trevdaman


    Thanks it's making me feel much more at ease. I was afraid after I bought the car and ring up the insurance they would then reveal some hidden extra I would have to pay.


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    #7
    barura
    Closed Accounts Posts: 1,505 ✭✭✭barura


    3k? How old are you? I was paying 1800 on my own policy on a polo at 21 on a learners permit.


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    #8
    [Deleted User]
    Posts: 14,344 ✭✭✭✭ [Deleted User]


    I'm with them at the moment (first car, learner). They were cheapest for me, too (through Chill).


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    #9
    Compton
    Registered Users Posts: 3,157 ✭✭✭Compton


    I got insured with them extremely cheaply, through Chill.ie as well.


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    #10
    Cee-Jay-Cee
    Registered Users Posts: 12,235 ✭✭✭✭Cee-Jay-Cee


    €3000 seems very expensive, have you shopped around as I'm sure it has to be possible to find a cheaper quote than 3k!

    As for Lloyds, they're a branch of Lloyds Bank and are the largest ship insurer in the world (they insured the Titanic, unfortunately) They're a hugely reputable company, in fact one of the oldest and most reputable out there!


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    #11
    Del2005
    Registered Users Posts: 18,943 ✭✭✭✭Del2005


    trevdaman wrote: »
    Hi I've recently just passed my theory test and I'm planning on getting a Polo but I'm a college student and insurance for young drivers is horrendous. After sifting through the internet I finally found an insurance for me that wasn't over 3000€. I found the insurance company through chill.ie called Lloyds that is a great price for me. But as they say if it looks too good to be true it probably is. I'm wondering has anyone been insured by them and are they good?

    As with all contracts the only important bit is what's written down. The main thing I'd be worried about is the excess. But you need to go over the policy documents and make sure that you are happy with them, in case they have some silly clause that could potentially cost you.


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    #12
    trevdaman
    Registered Users Posts: 34 ✭trevdaman


    barura wrote: »
    3k? How old are you? I was paying 1800 on my own policy on a polo at 21 on a learners permit.

    I'm just about to turn 19. The quote they gave me was 1945€


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    #13
    trevdaman
    Registered Users Posts: 34 ✭trevdaman


    CJC999 wrote: »
    €3000 seems very expensive, have you shopped around as I'm sure it has to be possible to find a cheaper quote than 3k!

    As for Lloyds, they're a branch of Lloyds Bank and are the largest ship insurer in the world (they insured the Titanic, unfortunately) They're a hugely reputable company, in fact one of the oldest and most reputable out there!

    Yeah I checked everywhere and the were the only one that was under 3000€.
    The only other way is to get a cover with a parent.


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    #14
    dgt
    Closed Accounts Posts: 12,985 ✭✭✭✭dgt


    OP what other cars have you looked at? Or have you a Polo as is?


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    #15
    trevdaman
    Registered Users Posts: 34 ✭trevdaman


    I've looked at a nissan micra and toyota yaris but I have my heart on a polo. There all both very good starter cars.


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    #16
    Scortho
    Closed Accounts Posts: 3,876 ✭✭✭Scortho


    trevdaman wrote: »
    I've looked at a nissan micra and toyota yaris but I have my heart on a polo. There all both very good starter cars.

    You wont be saying that in a few months. I hate mine. Bloody 3 cylinder engine. Id go for the yaris.
    The quote you got is decent enough. Mine on a 1.2 L with a provisional for 18 months worked out at 2800.

    Try put your parents on it as that sometimes reduces the premium. Also see if you can go named driver on one of your parents policies. Last time I checked, Liberty see no difference when it comes to the no claims experience if your policy is in your own name or not.


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    #17
    CoDy1
    Registered Users Posts: 1,637 ✭✭✭CoDy1


    The policy is probably a product called Asgard which is sold by Willis in Ireland through brokers only and is underwritten by Lloyds of London.

    If it is its a fine policy to use to get a yrs no claim bonus under your belt. Excess is €500 for under 25s and its a no frills policy but it does the job because they have decent premiums.


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