How insurance companies try to rip us off - The real cost comparison.

zbeshek

My policy is due to renewal. I got renewal from my current company but I thought it's worth to try another insurer. After few quotations done online I'm very surprised. And I'm going to check now every company and show you differences. I'll try to check few companies daily so this post will be update until I finish.
I'm aware differences in price cause policy terms are not exactly the same.

Fiesta 7 yeras old 1.4. Two drivers, both 35 holding licence over 10y. 1 year NCB. No penalty points. Meath

Looking for Third party, Theft & Fire only + Breakdown assist. Excess - €0 if it possible, the less the better, no more than €250.


Current Insurance renewal: €620

So let's go:
AA - €850
AIG - €470 / € 516 you need to install some kind of app to your smartphone
Allianz - €800
Aviva - €730
AXA - €1110
Chill - €1440 by Aviva (see above direct Aviva qoute €730)
FBD - €1260
Onedirect - €865, what a mess, just got call from them and they offered now €1210
123 - €1100 (excess €300)
Liberty - €900
NoNonsense - they don't want me, I made claim on their policy 2 years ago.

Alanstrainor

What car? What location (general...) and what age of drivers?

Kenny Logins

What excess...?

Brasso

Kenny Logins wrote: »

What excess...?

Yeah, also some companies may be offering extensions like "open drive" as standard. All this stuff changes the risk profile/premium. Unless you price identical cover from multiple companies it's really difficult to truely compare prices.

secondattempt

I think there is a lot more to insurance pricing than what you see. I think higher premiums might actually be more realistic in the long term.

draiochtanois

This post has been deleted.

Chris_Heilong

I agree with the OP that insurance is far too high in this country, realistically we should all be paying around the 400 euro mark as they do in loads of other countries, Maybe in the future there will be a reform caused through competition or a European court order, who knows.

Anyway, the reason you are getting high quotes it that they are treating you as if you are a new driver with only 1 years NCB. Also apparently insurance prices have gone up with every company.

Del2005

Chris_Heilong wrote: »

I agree with the OP that insurance is far too high in this country, realistically we should all be paying around the 400 euro mark as they do in loads of other countries, Maybe in the future there will be a reform cause through competion or a European court order, who knows.

Anyway, the reason you are getting high quotes it that they are treating you as if you are a new driver with only 1 years NCB. Also apparently insurance prices have gone up with every company.

If we stopped claiming so much our costs would go down, then we'd have to work on the unrealistic payouts for spurious claims and a lot more people will need to learn how to drive correctly before our costs reduce.

secondattempt

Del2005 wrote: »

If we stopped claiming so much our costs would go down, then we'd have to work on the unrealistic payouts for spurious claims and a lot more people will need to learn how to drive correctly before our costs reduce.

That's the real point, premiums are high because claims are high. There is no "correct" price for insurance.

Chris_Heilong

I disagree, insurances has never been cheap here, its a broken system that badly needs to be reformed. It has actually come down somewhat compared to 10 years ago but is still really high, I dont think the blame needs to be thrown on the public for high prices as it would mean insurance companies dont need to have any accountability to justify anything they do, they can just blame high claims from here to the end of time.

draiochtanois

This post has been deleted.

kerten

zbeshek wrote: »

My policy is due to renewal. I got renewal from my current company but I thought it's worth to try different insurer. After few quotations done online I'm in shock. And I'm going to check now every company and show you differences. I'll try to check few companies daily so this post will be update until I finish.

Small car 7 yeras old. Two drivers, both holding licence over 10y. 1 year NCB

Looking for Third party, Theft & Fire only + Breakdown assist

Current Insurance renewal: €620

So let's go:
AA - €850
AIG - €470 / € 516 you need to install some kind of app to your smartphone
Allianz - €800
Aviva - €730
AXA - €1110

Doesn't seem excessive to me with 1 year NCB

2005 Focus 1.6
two 35 years old drivers with full licenses + Full NCB

Comprehensive + NCB protection+ breakdown assist

AIG: 496 Euro via First Ireland during renewal

Online quotes are worse than that.

Jayop

Yeah the prices don't seem to be too bad really given the claim last year (or lack of cover before it). You'll probably get cheaper again with 25+ or 30+.ie but if it was me I'd stick with on that doesn't charge you an extra 25 every time you phone them.

ei9go

Came across this anomaly with Liberty recently when My son was trying to renew his insurance.

Lets say your insurance renewal is the 1st of July and your birthday is the 30th June.

Do the calculation before your birthday and then on your birthday.

You will find that although the calculator knows your age at renewal, it will give a quote based on the your age at the date of the quote rather than your age at the date of renewal.

If you are in the age bracket where your age matters, there can be up to 300 euro in the difference.

You might look at this as a software glitch or a scam.

Toyotafanboi

ei9go wrote: »

Came across this anomaly with Liberty recently when My son was trying to renew his insurance.

Lets say your insurance renewal is the 1st of July and your birthday is the 30th June.

Do the calculation before your birthday and then on your birthday.

You will find that although the calculator knows your age at renewal, it will give a quote based on the your age at the date of the quote rather than your age at the date of renewal.

If you are in the age bracket where your age matters, there can be up to 300 euro in the difference.

You might look at this as a software glitch or a scam.

My birthday is my renewal date. I thought i was the only person in the world with that problem.

Makes online quoting tricky.

actuar90

If you look up "Central Bank Insurance Statistics 2013" you'll see that in 2013 the insurance industry made over 170m in losses so really insurance costs aren't high enough from their point of view

carzony

I recently have experience of how people in Ireland can see money signs when a small crash happens. i'm 23 and i've been driving on my own insurance since i was 19 have only really gotten cheap quotes in the last 2 years.

I predict insurance being very expensive in ireland for the next few years.. the industry has serious problems that needs to be amended quickly, now is the time to do it.....

guil

Insurance was crazy 10-12 years ago for young drivers. It's much cheaper now than it was then.

scudzilla

I have full NCB but i made a claim 3yrs ago for a small chip in window, it was done through my insurance and is stated on my proof of NCB, do i have to declare it? They only paid out 104Euro

zbeshek

scudzilla wrote: »

I have full NCB but i made a claim 3yrs ago for a small chip in window, it was done through my insurance and is stated on my proof of NCB, do i have to declare it? They only paid out 104Euro

I found that paying extra for NCB protection sometimes has no sense.
You have 5+ NCB, then and if you make 1 claim you receive certificate saying: NC period 5+, Number of claims in last year :1.

Then you go to another company and they ask you similar questions:
1. how many NCB year do you have?
2. how many claims have you made in last 5 years?

Probably they will deal with you like with person having onli 1 year NCB. You're in trouble

kippy

Chris_Heilong wrote: »

I agree with the OP that insurance is far too high in this country, realistically we should all be paying around the 400 euro mark as they do in loads of other countries, Maybe in the future there will be a reform caused through competition or a European court order, who knows.

Anyway, the reason you are getting high quotes it that they are treating you as if you are a new driver with only 1 years NCB. Also apparently insurance prices have gone up with every company.

Yeah,
One of my pet hates is we are often told how things are done in other European countries and indeed it is often a justification for bringing in a certain policy/tax/law that generally makes it more expensive/worse for the consumer, but when stuff around tax and insurance and indeed many other things are mentioned that would improve things for consumers here, nothing every changes - or changes fast at least.

kerten

zbeshek wrote: »

I found that paying extra for NCB protection sometimes has no sense.
You have 5+ NCB, then and if you make 1 claim you receive certificate saying: NC period 5+, Number of claims in last year :1.

Then you go to another company and they ask you similar questions:
1. how many NCB year do you have?
2. how many claims have you made in last 5 years?

Probably they will deal with you like with person having onli 1 year NCB. You're in trouble

I think protection ensures that you get 60% discount as a result of 5+ years NCB over your new higher premium(as a result of the claim) during renewal.

Lack of protection means you will have 20-30% discount(assuming step-back protection is in place) on your new higher premium during renewal.

Special Circumstances

But it only works if you renew with your current insurer, who know that and can saddle you up as they see fit surely?

Pov06

Toyotafanboi wrote: »

My birthday is my renewal date. I thought i was the only person in the world with that problem.

Makes online quoting tricky.

Would you not just change company the day after your birthday?

It's not like you'll be driving p*ssed drunk on your birthday anyway :P

ei9go

Liberty wanted to charge 52 Euro yesterday for one day to change insurance to a lower powered car while our own car was in the garage.

Chris_Heilong

ei9go wrote: »

Liberty wanted to charge 52 Euro yesterday for one day to change insurance to a lower powered car while our own car was in the garage.

Liberty are in trouble and are letting loads of their staff go. They are try to recoup some of the costs by raising all their policies.

batskat

actuar90 wrote: »

If you look up "Central Bank Insurance Statistics 2013" you'll see that in 2013 the insurance industry made over 170m in losses so really insurance costs aren't high enough from their point of view

Err you got link on that .
Why is the central bank involved in the insurance I thought banks did money.

Buying a electric bike looks like good idea for most peoples .
I was lucky in march with higher renewal from the same company so i heard on Joe duffy show said some guy that Brady insurance kavan were the cheapest .I tried them and saved €20 euros over last years premuim with them .I dread next year going by the threads where the insurance are going orbital

batskat

kerten

Special Circumstances wrote: »

But it only works if you renew with your current insurer, who know that and can saddle you up as they see fit surely?

You are %100 right about that possibility.

I have witnessed use of protection in 2 seperate instances and bump in premiums were reasonable during renewal. It is not guarenteed though.

I would still pay for protection as it is just around 30 quid for my policy.

Del2005

scudzilla wrote: »

I have full NCB but i made a claim 3yrs ago for a small chip in window, it was done through my insurance and is stated on my proof of NCB, do i have to declare it? They only paid out 104Euro

Yes. The proposal asks have you made any claims in the last x years. You claimed from the windscreen insurance part of your policy. It won't make any difference to most companies. I have to tell my bike insurance company about my windscreen replacement.

actuar90

batskat wrote: »

Err you got link on that .
Why is the central bank involved in the insurance I thought banks did money.

Buying a electric bike looks like good idea for most peoples .
I was lucky in march with higher renewal from the same company so i heard on Joe duffy show said some guy that Brady insurance kavan were the cheapest .I tried them and saved €20 euros over last years premuim with them .I dread next year going by the threads where the insurance are going orbital

batskat

https://www.google.dk/url?sa=t&source=web&rct=j&ei=j3KMVb-kHsHuyQOvgLPYAw&url=https://www.centralbank.ie/publications/Documents/Insurance%2520Statistics%25202013.pdf&ved=0CBsQFjAA&usg=AFQjCNEZB_CRWDzdwkFKcfEAbnEPlZHFDQ
Table 15

Central bank regulates all insurers

Liam McPoyle

What people need to realise is that insurance premiums for motor are not based solely on motor claims. Most insurers offer business type insurance - pubs, carpenters, metal workers, farmers, and so forth.

All premium paid to insurance companies goes into one "pot" to pay all claims and operating costs. Storm Darwin that hit the country in January 2014 cost the insurance industry something in the region of €200,000,000 alone.

There are rules in place (Solvency II) that state that insurers must have minimum funds in reserve in order to adequately cover the costs of existing and future claims.

If memory serves correctly its something in the region of 100% more than their current claims reserves ie if they have €1,000,000 worth of outstanding claims they need to have €2,000,000 in reserve.

Claims costs have risen exponentially over the last number of years. Injuriesboard.ie was started to try and counter act the rising costs of solicters fees but in my opinion its made things worse.

Have a look at this. Its basically an invitation for people to make claims. Ive no issue with people making genuine claims for injuries they received through the negligence of others, like wise I have no issue with people making claims on their own insurance for genuine losses, that is after all why we pay insurance!

The problem is that there are so many fraudulent claims with stupid pay outs because we are now living very much in a compensation culture. A prime example of this is yer wan that fell and broker her ankle after swamping 10 pints, she claimed on the insurance of the soccer club and got a €38,000 payout, how, in any way, shape or form is that right????

People need to take responsibility for their own actions, the attitude that insurance companies are bottom less pits of money needs to change, insurance fraud is not a victimless crime, its you guys that are the victims because you end up paying through the nose because other people take the piss.

Id urge anyone that knows or suspects someone of insurance fraud to contact www.insuranceconfidential.ie and report it.

Companies have a finite amount of resources that they can plough into investigating claims they think are suspect and rely on people to do the right thing.

nd

Business Cat wrote: »

Have a look at this. Its basically an invitation for people to make claims. Ive no issue with people making genuine claims for injuries they received through the negligence of others, like wise I have no issue with people making claims on their own insurance for genuine losses, that is after all why we pay insurance!

The problem is that there are so many fraudulent claims with stupid pay outs because we are now living very much in a compensation culture. A prime example of this is yer wan that fell and broker her ankle after swamping 10 pints, she claimed on the insurance of the soccer club and got a €38,000 payout, how, in any way, shape or form is that right????

You'd wonder why there isn't uproar about this from the insurance industry?

Who are responsible for the amounts awarded in the ridiculous claims? Judges? Or do they have guidelines from politicians? Or?

carzony

http://www.rte.ie/news/2015/0625/710554-liberty-insurance-jobs/

Liberty cutting jobs due to losing money in the uk...

Vic_08

Business Cat wrote: »

What people need to realise is that insurance premiums for motor are not based solely on motor claims. Most insurers offer business type insurance - pubs, carpenters, metal workers, farmers, and so forth.

All premium paid to insurance companies goes into one "pot" to pay all claims and operating costs. Storm Darwin that hit the country in January 2014 cost the insurance industry something in the region of €200,000,000 alone.

There are rules in place (Solvency II) that state that insurers must have minimum funds in reserve in order to adequately cover the costs of existing and future claims.

If memory serves correctly its something in the region of 100% more than their current claims reserves ie if they have €1,000,000 worth of outstanding claims they need to have €2,000,000 in reserve.

Claims costs have risen exponentially over the last number of years. Injuriesboard.ie was started to try and counter act the rising costs of solicters fees but in my opinion its made things worse.

Have a look at this. Its basically an invitation for people to make claims. Ive no issue with people making genuine claims for injuries they received through the negligence of others, like wise I have no issue with people making claims on their own insurance for genuine losses, that is after all why we pay insurance!

The problem is that there are so many fraudulent claims with stupid pay outs because we are now living very much in a compensation culture. A prime example of this is yer wan that fell and broker her ankle after swamping 10 pints, she claimed on the insurance of the soccer club and got a €38,000 payout, how, in any way, shape or form is that right????

People need to take responsibility for their own actions, the attitude that insurance companies are bottom less pits of money needs to change, insurance fraud is not a victimless crime, its you guys that are the victims because you end up paying through the nose because other people take the piss.

Id urge anyone that knows or suspects someone of insurance fraud to contact www.insuranceconfidential.ie and report it.

Companies have a finite amount of resources that they can plough into investigating claims they think are suspect and rely on people to do the right thing.

While I agree with most of that, the insurance industry is a big part of the problem. They have fostered the claim culture through years of lax fraud prevention because it is just easier to lamp the cost onto policies, particularly with Motor insurance as they know full well they have a captive market with the honest members of society who will pay whatever is asked rather than break the law.

How about bringing in some proper disincentives for making false claims? An industry wide blacklist barring anyone found to have made a false claim from obtaining ANY insurance product in the state for 10 years.

How about some proper lobbying to change the laws to make it harder for spurious claims to be payed out? Instead of the bullshyt ads from companies claiming they have premiums from €200 odd start a publicity campaign being honest that premiums are going up because of all the scamming cheats, bent lawyers and nonsensical court rulings.

To Elland Back

Excellent post BC

Viv_08, insurers appear to cave in easy on fraudulent or spurious claims and perhaps they have on occasion The reality is that they have experienced every type of incident many times previously and know how it will play out in the long run The truth and proving the truth are 2 totally different things

If somebody decides to stage an accident and there just happens to be a couple of 'fine upstanding citizens' who saw everything, what do you think the insurer can do? If a father has his Hiace full of family members and crashes in to a tree, each of the passengers is entitled to sue the father! If a person with pre-existing difficulties (not documented by their doctors) gets a tiny tap from behind at traffic lights, then their solicitor will argue that everything was as a result of the accident

Adding the cost on to premiums is the last thing insurers want to do It costs them their competitiveness, leading to loss of business The reduction in cash flow has a serious effect on their legal obligations to maintain correct reserves

Vic_08

To Elland Back wrote: »

Excellent post BC

Viv_08, insurers appear to cave in easy on fraudulent or spurious claims and perhaps they have on occasion The reality is that they have experienced every type of incident many times previously and know how it will play out in the long run The truth and proving the truth are 2 totally different things

If somebody decides to stage an accident and there just happens to be a couple of 'fine upstanding citizens' who saw everything, what do you think the insurer can do? If a father has his Hiace full of family members and crashes in to a tree, each of the passengers is entitled to sue the father! If a person with pre-existing difficulties (not documented by their doctors) gets a tiny tap from behind at traffic lights, then their solicitor will argue that everything was as a result of the accident

The same old excuses, how about the insurance companies actually become pro-active in trying to make it harder for people to make false claims and push for proper reform of the system?

I have given 2 suggestions, here are 2 more;

Discounts for motorists who install approved video/audio recording devices to combat crash for cash scammers and catch opportunistic claimants.

Instead of merrily posting out inflated renewal quotes accompanied by the usual marketing nonsense pretending that the massive hike in premium hasn't happened the companies could be honest with their customers. Apologise for having to increase the premium through no fault of their loyal customer and explain why. Perhaps include details of how their customers can voice their displeasure at their elected representatives over a system that allows scumbags to rob them via the medium of insurance companies.

To Elland Back wrote: »

Adding the cost on to premiums is the last thing insurers want to do It costs them their competitiveness, leading to loss of business The reduction in cash flow has a serious effect on their legal obligations to maintain correct reserves

While that may be true in a proper open market place it does not fit the description of the Irish motor insurance market. Premiums are rising across the board and as their product is compulsory for anyone wanting to drive on Irish roads raising premiums has little to no effect on the number of policies bought. In fact with the economy improving I am willing to bet that despite massive price rises the number of customers will increase rather than decrease, little incentive at all for the industry to work hard to reduce cost to their customers/hostages. Just shrug the shoulders, point to all the scumbags abusing the system and demand the honest members of the public bend over and take it.

One last radical suggestion, if the Motor insurance market really is so unprofitable then why don't the major players threaten to withdraw completely as a group unless the system is reformed to deal with the scammers? Start putting pressure on our useless gombeen legislators to reform the legal system so it serves the public rather than the law profession gravy train we are currently paying through the nose to support.

Chris_Heilong

Dont know were people are getting the whole false claims thing, surely that has to be proven first in which case the insurance companies will recover their costs. I understand that its an assumption that there are a high number of false claims but without proof this is wishful thinking.

However, people claiming for small accidents and irresponsible actions leading to them injuring themselves is very real and is the real problem IMO.

If you fall in a shop or pub for example and cut your knee or break something then its your own fault and you should not be rewarded for your stupidity, if however you are in a restaurant and the seat you are on collapses resulting in injury then you should get something, maybe a voucher for 5 free meals or something, it wouldn't even need to go through insurance at all.

keithclancy

Chris_Heilong wrote: »

I agree with the OP that insurance is far too high in this country, realistically we should all be paying around the 400 euro mark as they do in loads of other countries, Maybe in the future there will be a reform caused through competition or a European court order, who knows.

Anyway, the reason you are getting high quotes it that they are treating you as if you are a new driver with only 1 years NCB. Also apparently insurance prices have gone up with every company.

It's swings and roundabouts, the wages are relatively high, the taxes are low and second hand cars are cheap.

Poland for example they have far less disposable income per month than Ireland
Netherlands, Germany, Belgium have higher taxes
The UK, Insurance is gone crazy expensive when starting out.
Scandinavian Countries income tax is also very high.

IMO it doesn't really make sense to point at another country and say they have a better deal, I would gladly pay 2k per year in Car Insurance no problem, if I was subject to Irish Income tax and other charges.

On 30K per year you have an extra 6k per year in your pocket compared to a Dutchie and 5K per year compared to a German.


If you like we can also swap Health Insurance costs.

Vic_08

keithclancy wrote: »

It's swings and roundabouts, the wages are relatively high, the taxes are low and second hand cars are cheap.

Poland for example they have far less disposable income per month than Ireland
Netherlands, Germany, Belgium have higher taxes
The UK, Insurance is gone crazy expensive when starting out.
Scandinavian Countries income tax is also very high.

IMO it doesn't really make sense to point at another country and say they have a better deal, I would gladly pay 2k per year in Car Insurance no problem, if I was subject to Irish Income tax and other charges.

On 30K per year you have an extra 6k per year in your pocket compared to a Dutchie and 5K per year compared to a German.

That is all irrelevant, what do income tax rates have to do with private motor insurance premiums? It makes perfect sense to compare with other countries to see why they can keep a lid on claims and premiums when we cannot.

keithclancy

Vic_08 wrote: »

That is all irrelevant, what do income tax rates have to do with private motor insurance premiums? It makes perfect sense to compare with other countries to see why they can keep a lid on claims and premiums when we cannot.

Because the Social, Taxation, Legal and Regulatory systems are wildly different.

The Insurance Market in the Republic of Ireland is not very large either, only 4 million people.

Plus people do not generally have other Insurances such as Liability Insurance or Legal Insurance either, which is quite common here.

In the end though, I find the best is it look at how much money you have in your pocket after paying your bills, in Ireland it's a lot more.

To Elland Back

Hi Vic, I don't know how to multi-quote, but I'll try to address all your points

Insurers are trying to be proactive on fraud. They have established Insurance Link where participating insurers share information on claims. If a red flag is raised by one, the others are alerted. There is also the confidential hotline where we can all report suspected fraud. On the serious cases (where it is cost effective) significant resources are spent on surveillance & investigation. Every insurer employs experienced personnel whose job it is to 'sniff out' fraud. However, sometimes the opposition is just too good unfortunately

Totally agree about discounts for dash cams. I view footage every day and it is invaluable in defending many cases. However, it won't help where a staged claim involves a rear ending, as they are just slam dunks. Even if there are no discounts, motorists should just get them to protect themselves against an unwanted claims experience.

Why should insurers apologies for issuing a renewal premium at any price? You are not obliged to take it and are free to move elsewhere at renewal. As for insurers telling you how to lobby your elected representatives, surely you know how to do that yourself? As stated earlier, they advertise in the media on how you can report fraud

The discussion on the market is a huge issue, but ask yourself this. If there was good money to be made by motor insurers, why don't loads of new companies enter the market? The reason is that those who are here, remain because they hope the environment will change to allow them return to profitability and also because they are so far in with claims incurred but yet to be paid, that they need the continuous income


Bottom line is that if you think insurance is poor value for money, insure for 3rd party only and bear the balance of the risk yourself. That'll teach them

To Elland Back

Chris_Heilong wrote: »

If you fall in a shop or pub for example and cut your knee or break something then its your own fault and you should not be rewarded for your stupidity, if however you are in a restaurant and the seat you are on collapses resulting in injury then you should get something, maybe a voucher for 5 free meals or something, it wouldn't even need to go through insurance at all.

That is not for the insurance industry to introduce. They only pay out for the legal responsibility of the policyholder. The laws of this land state that we all have rights to go safely about our business and you cannot impose a settlement against the existing legislation. A claimant has the right to the benefit of the laws that protect all citizens, even if they are onerous

Chris_Heilong

To Elland Back wrote: »

Bottom line is that if you think insurance is poor value for money, insure for 3rd party only and bear the balance of the risk yourself. That'll teach them

Sometimes third party is more expensive than comprehensive in my experience.

I always find it strange when there are such avid defenders of things that the majority of people see as wrong/corrupt/immoral/pure greed driven, (not all these are related to insurance), wanting us to believe everything is great and the system works.

Hachiko

Business Cat wrote: »

What people need to realise is that insurance premiums for motor are not based solely on motor claims. Most insurers offer business type insurance - pubs, carpenters, metal workers, farmers, and so forth.

All premium paid to insurance companies goes into one "pot" to pay all claims and operating costs. Storm Darwin that hit the country in January 2014 cost the insurance industry something in the region of €200,000,000 alone.

There are rules in place (Solvency II) that state that insurers must have minimum funds in reserve in order to adequately cover the costs of existing and future claims.

If memory serves correctly its something in the region of 100% more than their current claims reserves ie if they have €1,000,000 worth of outstanding claims they need to have €2,000,000 in reserve.

Claims costs have risen exponentially over the last number of years. Injuriesboard.ie was started to try and counter act the rising costs of solicters fees but in my opinion its made things worse.

Have a look at this. Its basically an invitation for people to make claims. Ive no issue with people making genuine claims for injuries they received through the negligence of others, like wise I have no issue with people making claims on their own insurance for genuine losses, that is after all why we pay insurance!

The problem is that there are so many fraudulent claims with stupid pay outs because we are now living very much in a compensation culture. A prime example of this is yer wan that fell and broker her ankle after swamping 10 pints, she claimed on the insurance of the soccer club and got a €38,000 payout, how, in any way, shape or form is that right????

People need to take responsibility for their own actions, the attitude that insurance companies are bottom less pits of money needs to change, insurance fraud is not a victimless crime, its you guys that are the victims because you end up paying through the nose because other people take the piss.

Id urge anyone that knows or suspects someone of insurance fraud to contact www.insuranceconfidential.ie and report it.

Companies have a finite amount of resources that they can plough into investigating claims they think are suspect and rely on people to do the right thing.

thats well and good, they should increase premiums for people who have accidents or are accident prone and not hike up insurance on people with many years NCB , chancing their arm.

I just say thank you but no thanks.

Hachiko

Chris_Heilong wrote: »

Sometimes third party is more expensive than comprehensive in my experience.

I always find it strange when there are such avid defenders of things that the majority of people see as wrong/corrupt/immoral/pure greed driven, (not all these are related to insurance), wanting us to believe everything is great and the system works.

third party, at least in the UK is mainly for inexperienced drivers or people with not many years NCB or indeed who cant afford fully comp. Certainly for me third party would be more expensive than fully comp.

many people drive here with no insurance at all, they are of the opinion - well hey my car is not even worth my insurance quote why bother insuring it.

Pov06

Hachiko wrote: »

many people drive here with no insurance at all, they are of the opinion - well hey my car is not even worth my insurance quote why bother insuring it.

I would agree to this if the person was looking at prices of comprehensive insurance. Of course there's no point getting comprehensive cover if the cover costs more than the car.

What you have to remember is that insurance is there to cover the damage you cause to the 3rd party and it's quite possible the 3rd party may be driving something like a Lamborghini which is worth a lot more than your Corsa or the likes.

Quite an irresponsible thing to be doing on a regular basis to be honest. I actually wonder what happens when someone uninsured causes an accident. Do they have to cover the damages out of their own pocket or does the MIBI suck it up and everyone else playing fairly ends up covering the cost? Would be interesting if Business Cat would clarify this.

actuar90

Pov06 wrote: »

I would agree to this if the person was looking at prices of comprehensive insurance. Of course there's no point getting comprehensive cover if the cover costs more than the car.

What you have to remember is that insurance is there to cover the damage you cause to the 3rd party and it's quite possible the 3rd party may be driving something like a Lamborghini which is worth a lot more than your Corsa or the likes.

Quite an irresponsible thing to be doing on a regular basis to be honest. I actually wonder what happens when someone uninsured causes an accident. Do they have to cover the damages out of their own pocket or does the MIBI suck it up and everyone else playing fairly ends up covering the cost? Would be interesting if Business Cat would clarify this.

All the insurers pay monies to MIBI each year so effectively yes, all those playing fairly end up paying for uninsured drivers accidents.

Hachiko

Pov06 wrote: »

I would agree to this if the person was looking at prices of comprehensive insurance. Of course there's no point getting comprehensive cover if the cover costs more than the car.

What you have to remember is that insurance is there to cover the damage you cause to the 3rd party and it's quite possible the 3rd party may be driving something like a Lamborghini which is worth a lot more than your Corsa or the likes.

Quite an irresponsible thing to be doing on a regular basis to be honest. I actually wonder what happens when someone uninsured causes an accident. Do they have to cover the damages out of their own pocket or does the MIBI suck it up and everyone else playing fairly ends up covering the cost? Would be interesting if Business Cat would clarify this.

an accident with an uninsured driver, I believe there is some gov body that can possibly cover you in this instance. Not 100% sure. But certainly there are thousands of uninsured drivers in England, mainly due to insurance being too high.

carzony

I think 10% of everyones policy goes to the motor bureau to pay for uninsured drivers. I would at least insist the uninsured drivers is done in court for having no insurance...

cletus

One of the problems is that of complicity across the board with the players involved.

I have just recently settled a claim where about person drove into my car. When I went for a quote to repair the damage, the very first question I was asked was "Cash or insurance".

After I received the quote, on contacting the other party's insurance company, they told me the garage I went to was one that they used, so there ended up being not much difference between the initial quote and the final price.

I wonder what the quote would have been had I asked for the cash price first.

tony melia

Today i changed my car 'went from 1.8 to 1.9 diesel both same value' my company 1.2.3. who now are R.S.A. who i have been with years charged me €140 But to add insult to injury charged me €40 for the privilage of doing this transaction

I will make sure this shower will never get the chance to screw me again 'Roll on renewal time:P:P:P:P