Huge increase in premium.

toby2111

Last year I got car insurance with AIG for around €420 fully comp with NCB protection. This year they want€869!! I rang to enquire if this was a misprint, guy said he'd get on to the underwriters and get back to me. Rang back 15 mins later to say that was the correct quote but he could offer me 5% discount!! I burst out laughing and told him that AIG had just lost a customer. What a ridiculous quote for a 40 year old with no claims (ok 4 penalty points but that shouldn't make a huge difference.)
Anyway, spent a bit of time getting online quotes, a few around €700. Guy in chill.ie rang me, got quote for €560. I still think that's way too high. Then I got a quote from its4women.ie for €447!!Reviews say that their customer service is poor but they're underwritten by AIG,funnily enough. Gonna ring 2moro to talk through exact policy but looks ok,its fully comp,full NCB protection,windscreen cover,breakdown assistance etc. Anybody use them before? Any other recommendations for a quote?

bazz26

Not directed at you OP but this forum really needs an insurance sub forum. This must be the 1000th similar type thread on here in the last fortnight.

SpannerMonkey

insurance quotes have gone up massively this year mine is gone from 380 to nearly 600 and after looking around i cant find cheaper .

i head that this was coming on the news over the last few months but i wasnt expecting that much of a jump . your not alone

Henry Ford III

Got to agree with Baz here.

Insurance renewal quotes don't have to be competitive. As always shop around.

worded

Consider using a broker to do the searchig for you ?

A mate uses a place in Waterford to search for him,
I will do likewise next year, I'm jan 15th renewal and always get caught out and end up with same place every year

PM me and I will PM back the brokerage

Won't cost you anything to find out

toby2111

I know I'm not the only one, was reading that car insurance premiums are up between 12 and 20%......Mines shot up 100%!! Not a hope in hell I'll renew at that price,looks like I'll go with its4women.ie at the moment. Renewal date is Sept 1st so I'll keep looking around. Yep,I'll gladly use a broker if the price is right,I'll send you a PM,thanks

delahuntv

Main problem was that there was too much competition and everyone wanted to get a slice. Therefore insurance was sold at a loss and the hens cam home to roost in the last couple of years with Quinn followed by RSA and now FBD all reporting massive losses.


As a way of comparison, less than 10 years ago insurance here was about 50%+ dearer than UK, it is now about 30% cheaper.

On my own insurance (driving 30 years no claims, no points) it dropped to under €400 and now its back over €500. I put my details into a UK site using previous UK address details and cheapest quote was £647 (about €900)!!

Toots

Mine went up from €330 last year to almost €700 this year (Aviva), the last time I paid €700 for my car insurance was when I was 19 and I'd just bought my first car. No matter where I rang this year I couldn't get it down to as cheap as last year, and something else I've noticed this year was that there seems to be huge added premiums if you want to pay by DD instead of all at once.

My best quotes of this year were from 25plus.ie, AIG Direct, Glennon (broker) and in the end I went with the AA underwritten by Allianz.

delahuntv

Toots wrote: »

the last time I paid €700 for my car insurance was when I was 19 and I'd just bought my first car. .

Either you're really old or reasonably youthful

Back in late eighties I paid £1200 AND signed a legal document to say that not a drop of drink would pass my lips (ansvar insurance) - the cheapest normal quote was over £2,000 and it was a datsun cherry :eek: .

Back then, a TD got paid £16600, (I know cos I was asked if I'd get into politics - saw the crap money and said no) so 2k was HUGE.

Hence €500 - €700 is quite cheap these days.

Liam McPoyle

Toots wrote: »

Mine went up from €330 last year to almost €700 this year (Aviva), the last time I paid €700 for my car insurance was when I was 19 and I'd just bought my first car. No matter where I rang this year I couldn't get it down to as cheap as last year, and something else I've noticed this year was that there seems to be huge added premiums if you want to pay by DD instead of all at once.

My best quotes of this year were from 25plus.ie, AIG Direct, Glennon (broker) and in the end I went with the AA underwritten by Allianz.

The company I work for did statistical analysis in the early part of this year and concluded that from a sample of claims made, more were coming from customers that paid by DD rather than customers that paid in full up front. I dont know the exact variance as information like that is above my pay grade but its obviously a significant differential.

Sounds like this is a common trend based on what you have said above and other insurers are coming up with the same conclusion.

It does make sense when it comes to people that take out policies with the sole intent of making bogus claims. They take a policy paying a smallish deposit, all of a sudden they have an accident, they cancel the policy but are only out of pocket a relatively small amount in comparison to what they stand to gain.

Its an unfortunate by product of the scumbaggery of a few that everyone gets penalised.

And before the usual suspects jump on me, I dont agree with the practice. I can see from a business pov why they are doing it but in my own personal opinion its unfair and in the long run its not going to make any significant difference to the ones its designed to put off. Scum bags, for all their faults, are pretty ingenious when it comes to defrauding insurers.

Toots

delahuntv wrote: »

Either you're really old or reasonably youthful

Back in late eighties I paid £1200 AND signed a legal document to say that not a drop of drink would pass my lips (ansvar insurance) - the cheapest normal quote was over £2,000 and it was a datsun cherry :eek: .

Back then, a TD got paid £16600, (I know cos I was asked if I'd get into politics - saw the crap money and said no) so 2k was HUGE.

Hence €500 - €700 is quite cheap these days.

I'm 29 :pac: but when I was buying my own car I'd already had my full licence for nearly 2 years, and Quinn gave me an introductory 2 yr NCD because I'd been named on my mum's policy since my 17th birthday. Also I was lucky in terms of being female so I wasn't getting screwed the way my male friends were when they were trying to learn to drive!

I can't get over £2k for the insurance!! Out of interest, what would your car have been worth at the time?

Business Cat wrote: »

The company I work for did statistical analysis in the early part of this year and concluded that from a sample of claims made, more were coming from customers that paid by DD rather than customers that paid in full up front. I dont know the exact variance as information like that is above my pay grade but its obviously a significant differential.

Sounds like this is a common trend based on what you have said above and other insurers are coming up with the same conclusion.

It does make sense when it comes to people that take out policies with the sole intent of making bogus claims. They take a policy paying a smallish deposit, all of a sudden they have an accident, they cancel the policy but are only out of pocket a relatively small amount in comparison to what they stand to gain.

Its an unfortunate by product of the scumbaggery of a few that everyone gets penalised.

And before the usual suspects jump on me, I dont agree with the practice. I can see from a business pov why they are doing it but in my own personal opinion its unfair and in the long run its not going to make any significant difference to the ones its designed to put off. Scum bags, for all their faults, are pretty ingenious when it comes to defrauding insurers.

Damn scumbags ruining it for everyone. Up until last year I'd always paid in full upfront, but last year went from 'employed' to 'housewife' so the drop in income meant paying by the month was easier for us. Last year's repayments were €35 per month, over 10 months, which worked out at at €20 service charge but I was happy to pay that. This year with Aviva they were trying to charge me an extra €150 to pay monthly.

delahuntv

Toots wrote: »

I can't get over £2k for the insurance!! Out of interest, what would your car have been worth at the time?

Car was worth less than insurance cost - but then I was 18. I did have full licence - if it was provisional I'd say it would have been a lot more.

Back then there were almost 500 deaths a year on roads and over 4000 serious injuries - thankfully those figures are history.