Have you declared all your points to your insurance company?

lg01

When I last renewed my insurance I had 2 points which I told them about. I since got caught speeding and got another 3 so up to 5 now. I have not told my insurance company though. For those of you who have points, did you immediately call them up to tell them?

Stheno

It depends on what your policy says you've to do

Most have a general clause that would require you to tell them immediately

To Elland Back

Stheno wrote: »

It depends on what your policy says you've to do

Most have a general clause that would require you to tell them immediately

Exactly, follow the policy conditions or just reduce your policy to 3rd party only cover

keithclancy

Should just be a system in place where its automatically sent to them when it happens.

Would remove the need for these kind of questions.

But I guess it's Ireland.

To Elland Back

keithclancy wrote: »

Should just be a system in place where its automatically sent to them when it happens.

Would remove the need for these kind of questions.

But I guess it's Ireland.

Yep, let's take away honesty & personal responsibility. What's the problem with giving a genuine answer to a question that someone asks you

browniepoints

To Elland Back wrote: »

Exactly, follow the policy conditions or just reduce your policy to 3rd party only cover

confused what you mean

Are you saying that if my insurance was lets say €600 for the year third party €300 and comp €300and half way through the year 6months into policy I got penalty points lets say 6 points there and then they will increase my annual insurance to double €1200 a year The same division 50/50 .Now would i just pay the rest of the six months eg stump up the extra €300 or would it retro expect me to pay the previous six moths at higher rate so stump up extra €600 in which case i say drop the comp part for the year .The problem there they will still want the 6 months the comp some €150

is that what your saying

Jed

CiniO

keithclancy wrote: »

Should just be a system in place where its automatically sent to them when it happens.

Would remove the need for these kind of questions.

But I guess it's Ireland.

Shouldn't be any system in place.
What should be in place is that amount of your penalty points should be non of insurance company's business.
Premium should not be dependant on amount of penalty points you have, as I'm sure there is no correlation between amount of point and risk of being involved in accident.

lau1247

browniepoints wrote: »

confused what you mean

Are you saying that if my insurance was lets say €600 for the year third party €300 and comp €300and half way through the year 6months into policy I got penalty points lets say 6 points there and then they will increase my annual insurance to double €1200 a year The same division 50/50 .Now would i just pay the rest of the six months eg stump up the extra €300 or would it retro expect me to pay the previous six moths at higher rate so stump up extra €600 in which case i say drop the comp part for the year .The problem there they will still want the 6 months the comp some €150

is that what your saying

Jed

i think he meant to change over to 3rd party at next renewal because the premium may likely to increase

lau1247

CiniO wrote: »

Shouldn't be any system in place.
What should be in place is that amount of your penalty points should be non of insurance company's business.
Premium should not be dependant on amount of penalty points you have, as I'm sure there is no correlation between amount of point and risk of being involved in accident.

correlation or not, sure you would agree that if someone is a serial offender, then surely they are in the higher risk category..

corcaigh1

keithclancy wrote: »

Should just be a system in place where its automatically sent to them when it happens.

Would remove the need for these kind of questions.

But I guess it's Ireland.

There already is a system in place, most if not all insurance companies now have access to the NVDF which records drivers current penalty points and the related offence..

http://www.thejournal.ie/insurance-penalty-points-782108-Feb2013/

Vojera

browniepoints wrote: »

is that what your saying

No, I think what he's saying is that if you don't fulfil the conditions of your policy, your insurance company, in the event if a claim, will only provide the bare minimum of statutory cover as you have not provided them with all the information requested.

CiniO

lau1247 wrote: »

correlation or not, sure you would agree that if someone is a serial offender, then surely they are in the higher risk category..

I actually don't agree. Amount of penalty points (in Ireland) greatly depends on where you actually drive.
In my area there are no speed camera or any road checks, so I have 0 penalty points.
However if I've driven around Dublin like I drive where I live, I'd probably have accumulated couple hundred or couple of thousand penalty points in the last few years.

Does this put me in higher risk category of being involved in a crash - I don't think so.

In the past when I lived in Poland, I managed to accumulate more penalty points at some stage, that was the limit, so I had to pass my driving test again to keep my licence. I did and there was no problem.
Did this make me more risky driver - of course not.
Over last 16 years I've been driving, I haven't had a single claim, while many of my friends who had 0 penalty points had plenty of claims.

So I see no correlation whatsoever between amount of penalty points and risk of being involved in an accident and having a claim.

Skylinehead

Only when it came to renewal time (11 months later I think). 2 points didn't make a difference.

Henry Ford III

CiniO wrote: »

I actually don't agree. Amount of penalty points (in Ireland) greatly depends on where you actually drive.
In my area there are no speed camera or any road checks, so I have 0 penalty points.
However if I've driven around Dublin like I drive where I live, I'd probably have accumulated couple hundred or couple of thousand penalty points in the last few years.

Does this put me in higher risk category of being involved in a crash - I don't think so.

In the past when I lived in Poland, I managed to accumulate more penalty points at some stage, that was the limit, so I had to pass my driving test again to keep my licence. I did and there was no problem.
Did this make me more risky driver - of course not.
Over last 16 years I've been driving, I haven't had a single claim, while many of my friends who had 0 penalty points had plenty of claims.

So I see no correlation whatsoever between amount of penalty points and risk of being involved in an accident and having a claim.

I do. If you consistantly pick up penalty points for RTA offences you are a higher risk. A lack of claims isn't relevant.

ironclaw

CiniO wrote: »

So I see no correlation whatsoever between amount of penalty points and risk of being involved in an accident and having a claim.

You're basically calling some extremely well educated statisticians and actuary's wrong in that case.

On a simple level, if Joe Bloggs is caught speeding, it means he exceeded the limit so he's either a bad driver and can't control his speed, or he is someone who is likely to break the rules. He operates outside the normal curve of 'risk'

Is someone who speeds likely to break a red light or take risk? Yes, statistically they would be compared to someone who drives within the limits and doesn't 'break the rules' The exact same would apply for someone caught for no tax or NCT, they are breaking 'the rules' and hence taking a risk. The chance of being caught is merely the chance factor but doesn't take away from the inherent risk in the individual. They were just unlucky enough to be caught, the fact they took a risk is still there.

Its pure math. Pretty indisputable. To say there is no correlation between penalty points and risk calculations is clutching at straws for an argument. The fairer way to administer the system would be to apply a loading based on what the penalty points were given for. But then again a large percentage of the points given are for offences that would endanger another motorist.

keithclancy

To Elland Back wrote: »

Yep, let's take away honesty & personal responsibility. What's the problem with giving a genuine answer to a question that someone asks you

Whats wrong with providing that information directly ?

Why should there be ambiguity ? and why should the OP need to ask the question in the first place ?

Should just be simple, put it on a national register and make it available, then the insurance company has no excuse not to pay out in the event of an accident.

CiniO wrote: »

Shouldn't be any system in place.
What should be in place is that amount of your penalty points should be non of insurance company's business.
Premium should not be dependant on amount of penalty points you have, as I'm sure there is no correlation between amount of point and risk of being involved in accident.

Then it should just be a regulation that it has no bearing on the cost of your insurance, rather than being ambiguous and the insurance company saying its an issue of non declaration.

Keith186

lg01 wrote: »

When I last renewed my insurance I had 2 points which I told them about. I since got caught speeding and got another 3 so up to 5 now. I have not told my insurance company though. For those of you who have points, did you immediately call them up to tell them?

AFAIK you just tell them at renewal. Never heard of having to tell them mid term but its not beyond the realms of possibility. Not on my policy anyway.

9935452

Vojera wrote: »

No, I think what he's saying is that if you don't fulfil the conditions of your policy, your insurance company, in the event if a claim, will only provide the bare minimum of statutory cover as you have not provided them with all the information requested.

Yes , legally they have a obligation to cover the third party.
If you have full comp cover and you crash into someone, they can/will cover the third party expenses but may come after you for the cost of the claim.