Insurance rise?

carzony

http://www.independent.ie/business/personal-finance/car-insurance-premiums-set-for-doubledigit-hike-30914706.html

The article is a few months old but I was wondering if anyone has gotten crazy hikes this year so far?

I was with Asgard insurance for years and last year was paying 700 which I was happy with given I was only 22. This year it doubled to 1400 :eek: I rang and they blamed the amount of claims they have experienced in the last year.

Luckily, I was able to get it a little cheaper but still paying 1,000 euro which is still 300 euro extra from last year:mad::o.

Brasso

Yeah I got a big hike from FBD last month, 950-->1300. And that included my NCB going from 30 to 40%. I didn't even bother calling them, got insurance with someone else.

bop1977

123 went from €497 last year to €442 this year.

Vicxas

Liberty jumped my insurance from €790 to €2250.

One Direct welcomed me with open arms, and a lot lower price.

zl1whqvjs75cdy

I wonder if there is a gentle winter this year with no flooding will we see the premiums reducing......lol jk of course we won't.

The_Valeyard

Mine is due in June, so will be keeping an eye on this thread

CreepingDeath

bop1977 wrote: »

123 went from €497 last year to €442 this year.

For 2 years running now, 123 tried increasing my premium at renewal time (quoting around €450, up from €330).

I just typed in my exact same details again into their web site and got a fresh quote of €330, which I paid for.

They asked for proof of no claims bonus, and I gave them my old policy number.

So, be very wary of 123, they're chancers at renewal.
I understand that you got a discount, but out of curiousity, you should type in your details afresh and see what you would've got.

regards,
CD

zl1whqvjs75cdy

I have a similar story to above. With Liberty and paid 420 last year. Was relatively happy with that. Renewal in in March looking for 750! Rang around and got onto chill. They got me a quote of 390 with.....you guessed it, Liberty. Utterly bizzare. I'm convinced they make the insurance industry as mysterious and totally unpredictable as possible on purpose.

Call me Al

My husband renewal with chill was up by 33% to €480
This included a €50 admin fee!
We rang around and aviva came in at €330 and if I added step back on his 7year ncd it was €350.
Not hard to figure who we chose!

Henry Ford III

Once again there's no obligation for any insurer to be competitive come renewal time.

Ring around and shop for the best policy at the keenest price always.

bazz26

Henry Ford III wrote: »

Once again there's no obligation for any insurer to be competitive come renewal time.

Ring around and shop for the best policy at the keenest price always.

+1

Its usually the same outcome for similar threads. Always shop around. Insurance companies give no loyalty to repeat customers so customers should give them none either.

chasm

An article in the Indo yesterday relating to job losses at RSA Ireland (123.ie) gives another reason for these increases:

"The company's British parent has had to pump almost €400m into the Irish business since it was hit by an accounting scandal in late 2013.

The firm lost top executives and is currently being probed by the Central Bank.
Motorists have been hit by a 14pc rise in premiums across all insurers in the past year, partly due to the problems at RSA, and also due to problems at other insurers which tried to compete with it.

Insurers across the market were accused of under-pricing motor cover, and under-reserving, in response to competitive pressure from RSA and its online operation 123.ie. They are now trying to rectify that by hiking premiums."

http://www.independent.ie/business/jobs/59-jobs-to-go-and-30-more-in-jeopardy-at-troubled-insurer-rsa-31192821.html

Atlantic Dawn

Mine up around 10%, any of my friends I have talked to have had increases too, some 25% plus, key is to shop around.

Taylor365

Went from 650 to 750, on 8 years NCB.

Jokers..

blastman

My renewal went up from 420 to 520, when I called about it the guy on the phone refused point-blank to budge on price. Went through a broker and got a quote for 460 with....my current insurers! I suspect I may not have been able to go ahead with that price as brokers cannot usually take the business from the parent company (this has happened to me previously), but they also found me another quote for 390 elsewhere, so I went with that.

You might as well use a bingo machine to try and predict prices!

JustLen

was with Liberty last year and paid 980 (aged 24)
Renewal time came around and wait for it....3550 (aged 25)

I took it that they no longer wanted my custom and went to a broker where I managed to get insured for 760.

There is no reward for being loyal to motor insurers, it has always been this way IMO

Yamanoto

Apparently Zurich took on a lot of new motor business last year & suffered a bit of a hammering which thye're now regretting, so quotes to current customers (me included) may well be deliberately pricey to reduce their exposure accordingly.

bazz26

Reel you in for the first year with a cheap price and then hope your too lazy or not smart enough to shop around the following year.

carzony

JustLen wrote: »

was with Liberty last year and paid 980 (aged 24)
Renewal time came around and wait for it....3550 (aged 25)

I took it that they no longer wanted my custom and went to a broker where I managed to get insured for 760.

There is no reward for being loyal to motor insurers, it has always been this way IMO

I've heard younger drivers will see the biggest price hikes:mad: I didnt even pay 3550 when i first got insured lol

anncoates

Increased from 270 to 350.

To Elland Back

Stayed at €263 for me . Every job has it's perks

NBar

Same price again for my daily €300 and I got a rebate of €19 for my summer car so cost me nothing this year (insured in full last year but as didn't use it had cover for F&T while in storage so got it insured for last year for storage and this year money back and on the road)

Alanstrainor

CreepingDeath wrote: »

For 2 years running now, 123 tried increasing my premium at renewal time (quoting around €450, up from €330).

I just typed in my exact same details again into their web site and got a fresh quote of €330, which I paid for.

They asked for proof of no claims bonus, and I gave them my old policy number.

So, be very wary of 123, they're chancers at renewal.
I understand that you got a discount, but out of curiousity, you should type in your details afresh and see what you would've got.

regards,
CD

Axa do this to me every year, in fact I'd wager they all do, to prey on those who do not shop around.

I simply put in the new quote, call them with the reference number and sign up for it. Hand over the previous policy number when asked for NCB certs.

Mc Love

I've stayed around the same at 550, dropped from 570 with Allianz through a broker

Asmooh

anyone knows the website of liberty ? to see what they will ask for my car.
nevermind, found it.

they dont want to insure cars older than 1995

blastman

Asmooh wrote: »

anyone knows the website of liberty ? to see what they will ask for my car.
nevermind, found it.

they dont want to insure cars older than 1995

Don't bother calling FBD, then. They wouldn't insure my 01 because it's too old. The irony is I have a classic insured with them that's 10 years older than the 01!

Asmooh

blastman wrote: »

Don't bother calling FBD, then. They wouldn't insure my 01 because it's too old. The irony is I have a classic insured with them that's 10 years older than the 01!

what is their problem with older cars in the first place?

Vowel Movement

FBD wanted €1500 up from €1000. I got insured for €650 from the AA. Not bad for a 22 year old

Kintarō Hattori

The missus paid around €700 last year to Chill with me as a named driver (provisional licence here). Needless to say it's gone up so she's been rinigng around this morning. She's driving four years in Ireland with no claims. March 2011 to October 2013 was a 99 Micra. November 2013 onwards has been a 2005 e90 320SE. She has a Polish licence.

123 wanted 1200
AA 2100
One Direct wanted..... 2400

The only reasonable quotes were AIG @ 750 and Allianz at 820


Insane.

Idbatterim

November 2013 onwards has been a 2005 e90 320SE. She has a Polish licence.

no doubt they hear bmw and consider the 2L engine powerful :rolleyes:

biko

I jump ship every year and have never strayed far from 350/year.

browniepoints

blastman wrote: »

Don't bother calling FBD, then. They wouldn't insure my 01 because it's too old. The irony is I have a classic insured with them that's 10 years older than the 01!

yeah its nuts

I have 99 fiat with FBD some few years now no probs


My mate has old toyota small semi open top thing thing 1990 if i recall insured with some Irish company dont know which outfit and no problem to insure it because he insured it with them the last 15 year car was 15 years old when he bought it .
he fell foul of 20 year old car rule the other day
He buys a Merc thing 2 liter convertible from 94 i think but 21 years old and they wont insure him.
If he bought a twenty year old 95 merc no sweat and then keep insuring it no problem .

You cant make this sh!te up

I told my mate get onto the insurance ombusman as basically once car has nct there is no reason why age should effect getting insuarce .

Havent heard back from him what the new story is .

I wouldnt give it another 5 years before new TTIP and EU rules make it impossible for the MIPI cartel to keep going in Ireland and we will just buy insurance from one big EU outlets
Then its gonna be mega low EU set rate for injuries as in lose leg in car crash that is somebody elses fault get €1,000 compo if your lucky and still pay high prices for car Insurances

The EU isnt happy all the Irish muggins all gave them €9000 each now they coming for the whole lot

Thats the direction of the EU laws now on cars and they dont do do compo for us little joes and free asprin fro whip lash is all that you will get .

Its the new EU system rip you off and later screw u with high car insurance rates .

Jed

Gazzmonkey

Mine when up €40 from last year.... with liberty

Kop On

I think I paid about €560 lasy year with AA, something like that anyway. Go my renewal off them this year for €809 :eek:

9 Years driving on my own policies, 7 of those years as a full licenced driver, no penalty points, no claims. Driving a 1.6 Qashqai.

€809 will not be happening.

Imported but

AIG seem to be the most reasonable I've come across so far, but car has to be under 15 years old and not a jap import. My renewal proposal from FBD has jumped from about 500 to 900 :mad:

stefanovich

Kop On wrote: »

I think I paid about €560 lasy year with AA, something like that anyway. Go my renewal off them this year for €809 :eek:

9 Years driving on my own policies, 7 of those years as a full licenced driver, no penalty points, no claims. Driving a 1.6 Qashqai.

€809 will not be happening.

Rang the AA, got a quote for 619, originally renewal quote from them was 800+. I did sign up for AA membership though which brings the total back to around 700 which is close to what I was paying last year.

I was with Chill the past two years and didn't even feel the need to shop around last year as the drop was significant.

I went from paying around E55 per month to e41 this year.

Insurance expired last week and they wanted more than year one at e55 a month... E660 or so.

That's on a 02 1.4 Corolla with 5yrs no claim and being a near 29 yr old male, full license a year.

Tried absolutely every one and 25+ are the only ones that stand out at e530 which is more or less the same as last year.
First Active(?) is more or less the same and the AA a bit behind.
Others wanted e100+ extra.

Ridicules given my no claims is still increasing and I was charged similar with less of one on a permit a few years ago... Least I'm not the only one.

What I did find interesting though was the only reasonable quotes came from the companies on page two of the google search.

stefanovich

gilberto_eire wrote: »

I was with Chill the past two years and didn't even feel the need to shop around last year as the drop was significant.

I went from paying around E55 per month to e41 this year.

Insurance expired last week and they wanted more than year one at e55 a month... E660 or so.

That's on a 02 1.4 Corolla with 5yrs no claim and being a near 29 yr old male, full license a year.

Tried absolutely every one and 25+ are the only ones that stand out at e530 which is more or less the same as last year.
First Active(?) is more or less the same and the AA a bit behind.
Others wanted e100+ extra.

Ridicules given my no claims is still increasing and I was charged similar with less of one on a permit a few years ago... Least I'm not the only one.

What I did find interesting though was the only reasonable quotes came from the companies on page two of the google search.

Girl from the AA said all the premiums are increasing due to an increase in overall claims. There are other factors which have been mentioned in this thread. The agents do seem to be able to cut a good bit off the price for you though at their discretion.

Why is the whole ****ing thing like haggling in an Arab market where even if you get the price down you still know you are getting ripped off?

Can there not be a transparent cost for insurance?

FobleAsNuck

stefanovich wrote: »

Why is the whole ****ing thing like haggling in an Arab market where even if you get the price down you still know you are getting ripped off?

very much this

stefanovich

stefanovich wrote: »

Girl from the AA said all the premiums are increasing due to an increase in overall claims. There are other factors which have been mentioned in this thread. The agents do seem to be able to cut a good bit off the price for you though at their discretion.

Why is the whole ****ing thing like haggling in an Arab market where even if you get the price down you still know you are getting ripped off?

Can there not be a transparent cost for insurance?

I was fed the rising costs speil by the girl from Chill but thought nothing of it as the last time I checked around the prices were e1000 when Chill were e600ish so took it as run of the mill ****e talk.

I do find it interesting though that the ones highly marketing themselves on TV are less competitive than the ones further down the google search.
Maybe they could offer lower prices if they weren't spending loads of advertisements.

Also what's the point of advertising and setting yourself forward as a market leader if you can't offer a 28yr old with 5yrs no claim a competitive price... Who exactly are they getting on the books

zl1whqvjs75cdy

There should be a definite and easy to follow price structure for insurance. If you are x years old with x size engine and x experience your insurance should cost the same everywhere, or at the prices should at least be very close to each other. The premiums are supposed to be based on risk, surely my risk is the same regardless of what company insures me?

To Elland Back

donkeyoaty0099 wrote: »

There should be a definite and easy to follow price structure for insurance. If you are x years old with x size engine and x experience your insurance should cost the same everywhere, or at the prices should at least be very close to each other. The premiums are supposed to be based on risk, surely my risk is the same regardless of what company insures me?

It is not as simple as that. Every insurer has a different mix of clients on its books (old, young, novice, experienced etc) and will suffer different underwriting results. If an insurer has a couple of bad claims year while concentrating on one group, they will up their price for them to cover losses or price them so high hoping that group will all move elsewhere

Then that insurer will try and identify another sector where they hope they can make profit. If the are to take in the required bulk for that group, they will need to purposely undercut the market leader who has the lions share

The cycle of low premiums resulting in loads of new business, leading to losses and high premiums is as old as the hills. Your job is to find the right insurer who is trying to attract your profile at the time you need cover. Rarely will it be the same insurer for more than 2 consecutive years

browniepoints

Alert to that my 98 car was refused for insurance .

I got renewal and it had jumped up three times in cost

One poster suggested plug in all the data as new application to same company and often you get new policy for the same as old price

So I plugged in the info and as soon as I hit the the car type 98 reg it said no way outside thier new policy rules

So I rang insurnace compay FBD and asked them .
The sales team lovely people hard job they got said 98 cars cant come on as new peoples for new policies .
FBD said Because I had car with them they would QUOTE ME because they had to but roughly translated it was rev up and **** off pay the extortion rates nearly €1000 for third party F/T.

So I said if i bought newer car would they quote me down two thirds the present quote to €350 ish and where was the new policy stop gap for too old a car was it 2000 cars 2003 cars or 2005 cars where was the line

Basically if you translate the double speak it was rev up and and **** off we dont tell you what the new policy is you got to guess where it is

For them it is risk it for biscuit and buy something give us the reg and you never know your luck ( all said professionally while quoting me the myriads of regulations like your cover does not include blah blah and includes blah blah and which end of rev up and **** off do you not understand )

You cant make this SH!TE up .

I dont blame the sales team they doing the job .
It their bosses I blame with these new policies in good old car insurnace cartel RIP OF REPUBLIC sticking the boot in .
looks to me new idea is all peoples will do insurance on-line no sales teams and the sales teams will all get the boot soon .

So I dont get narked with the sales team they only passing on the bad news
you car owners are all gonna get faced ripped off in good old rip off republic Ireland

The sales teams are not stupid they know they are going to get the heave ho and the Insurance companies bosses bonus gonna buy them bigger cars than ever .

Now if the Insurance ombudsman wasn't getting his pay from the insurance industry you could get him to do something about this new SCAM the whole car insurance companies are doing

So knowing this fact I asked pretty well knowing the reply " if i went to the insurance ombudsman to complain that I am getting hammered for 98 car versus unknown age car be it 2000 or 2003 or maybe even 2006 would that concern you guys "

The reply being professional and technical full of double speak and translated into normal lingo was pretty much the same "rev up and **** off what part of **** off do you not understand and we own the insurance ombudsman family jewels and we can squeeze the pips from them so you can forget that idea .

Having fun renewing my policy best afternoons entertainment i had in long time dealing with them

Jed

To Elland Back

Browniepoints, my heart goes out to the staff that had to deal with that. You still haven't clarified what I asked you on another insurance related thread. What is the MIBI cartel and what are MISI insurance scammers?

Yamanoto

Nice to see Pidgin get a run out on Boards.

robbiew

My insurance jumped from €340 to €495 same company same car, no points also over 6 years ncb,

The company basically said that there is around 30% increase across the board..

adocholiday

My insurance just went from €480 to €910 with the AA.
Car: 2002 BMW 318ci
Driver: 28, 6 years full licence, 7 years no claims, no penalty points/convictions.

Cheapest quote I've been able to get so far is €620 with 123.ie.

Complete and utter scam artists the lot of them

jimgoose

adocholiday wrote: »

My insurance just went from €480 to €910 with the AA.
Car: 2002 BMW 318ci
Driver: 28, 6 years full licence, 7 years no claims, no penalty points/convictions.

Cheapest quote I've been able to get so far is €620 with 123.ie.

Complete and utter scam artists the lot of them

That's outrageous! :eek:

StereoSound

123 upped my premium 100 this year. 350 to 450. They told me its claims rising... Liberty quoted me nearly 2k..... Competitive bunch that crowd.

GavRedKing

From the other thread "what do you pay for insurance"

Your Age: 29
Car type and engine: Astra OPC 2.0Litre, 240BHP
Years driving: 9 (8 years full license)
Any claims: 0
Price and provider: €580, Fully Comp with Aviva

Went for renewals, Aviva wanted €720, Allianz €680. Got some silly €1,000 quotes too and for pretty much the same coverage with less excess (€250) AIG, seems to tbe the cheapest fully comp for me, got a quote of €540.

Imported but

GavRedKing wrote: »

From the other thread "what do you pay for insurance"



Went for renewals, Aviva wanted €720, Allianz €680. Got some silly €1,000 quotes too and for pretty much the same coverage with less excess (€250) AIG, seems to tbe the cheapest fully comp for me, got a quote of €540.

I believe AIG only take on cars up to 12 years old :-(
Someone suggested trying ARB, they have a few different options, their Elite seems to be 25+ so might be competitive? http://www.arb.ie/index.php/products-services/motor-insurance