Insuring a car that's over 10 years old?

twibbles

Hello,

Does anyone know what the situation is regarding this? I am hearing that some/all insurers may refuse to insure cars that are over 10 years old.

My car will be over 10 years old next year and I am hoping not to have to replace it as it is in great shape and recently passed the NCT. Also, I am quite fond of it.

Thanks,
Twibbles.

bidiots

My other half just got her renewal today.

Over 10years NCB
Age: 34
00 1 Liter car
4000 km per annum
Car in perfect running order and just got NCT

Last year: €340
Her Renewal: €909:eek:

Have to start ringing around now....this country:mad:

gerard2210

My car is 14 y.o. still insuring it no problem. I think there was something in the papers during the summer about aviva not insuring cars 15 years or older.

purplecow1977

monkey9 wrote:

As a Liverpool fan, i love the tune as well, a regular on the Kop since the famous 2005 Champions League final.

I think cars ten yrs old should be okam.
I thought it was cars 15 years or older that caused problems.

biko

It's two insurers and 15 years that may cause issue.
You'll be fine OP.

Wibbs

bidiots wrote: »

My other half just got her renewal today.

Over 10years NCB
Age: 34
00 1 Liter car
4000 km per annum
Car in perfect running order and just got NCT

Last year: €340
Her Renewal: €909:eek:

What company tried to pull this nonsense B? For a mid thirties woman driver of a one litre car that is nothing short of highway effin robbery. That's not just taking the piss, it's deep drilling and mining the piss. :mad: Hopefully she gets a better quote on a ring around.

twibbles

That's great news. Thanks very much. My mind is at ease now

Barr

If your existing with the Insurer then they will quote you even if your car is >15 years old.

To Elland Back

Wibbs wrote: »

What company tried to pull this nonsense B? For a mid thirties woman driver of a one litre car that is nothing short of highway effin robbery. That's not just taking the piss, it's deep drilling and mining the piss. :mad: Hopefully she gets a better quote on a ring around.

It's not robbery, it's priced to make you go elsewhere. They don't want your profile on their books and hope you become someone else's problem. If a high number of their clients actually take up the high premium, they will raise the bar again.

beauf

bidiots wrote: »

My other half just got her renewal today.

Over 10years NCB
Age: 34
00 1 Liter car
4000 km per annum
Car in perfect running order and just got NCT

Last year: €340
Her Renewal: €909:eek:

Have to start ringing around now....this country:mad:

Who was that with? I thought it was only if you change insurers you might have a problem, that renewals would be ok. Ours only went up very slightly.

Insurance is a joke. They have daft policies like this, but if someone breaks a fingernail they give out thousands in claims. I expect its cheaper, not to challenge spurious claims, and to widen the increase of premiums.

Its not like new cars are cheaper to insure.

dr.fuzzenstein

To Elland Back wrote: »

It's not robbery, it's priced to make you go elsewhere. They don't want your profile on their books and hope you become someone else's problem. If a high number of their clients actually take up the high premium, they will raise the bar again.

But why would they make this particular customer go away? Woman in her 30's, driving a 1 liter car, why would they not want her? Its nonsensical.
They don't want her to go away, they want to see how much they can take the piss with their existing customers before they fcuk off somewhere else. Its like Dunnes giving you a loyalty card and then charging you more the longer you shop there. The way it works, every insurance company has a basement room full of insane howler monkeys. They observe them running and jumping around and then get a Soothsayer to interpret the patterns of monkeysh*t on the wall and that is their pricing structure and risk profile for the next year.

Westernyelp

bidiots wrote: »

My other half just got her renewal today.

Over 10years NCB
Age: 34
00 1 Liter car
4000 km per annum
Car in perfect running order and just got NCT

Last year: €340
Her Renewal: €909:eek:

Have to start ringing around now....this country:mad:

FBD or No Nonsense by any chance? They are actively trying to get out of car insurance and don't want renewals

bidiots

bidiots wrote: »

My other half just got her renewal today.

Over 10years NCB
Age: 34
00 1 Liter car
4000 km per annum
Car in perfect running order and just got NCT

Last year: €340
Her Renewal: €909:eek:

Have to start ringing around now....this country:mad:

This is with AIG.
It's crazy to think that anyone would blindly just renew so they just obviously want her off the books....
Which is nonsensical considering her annual mileage and NCB.... It would be financially prudent to drive without bloody insurance at this stage! I'm getting closer and closer to jumping on a plane out of this banana republic!

bidiots

To Elland Back wrote: »

It's not robbery, it's priced to make you go elsewhere. They don't want your profile on their books and hope you become someone else's problem...

What problem? They are getting a few hundred euro for a sticker, not one claim in over 10 years... Cowboys!

dr.fuzzenstein

Westernyelp wrote: »

FBD or No Nonsense by any chance? They are actively trying to get out of car insurance and don't want renewals

I'm with no nonsense. My premium went up from 347 to 428. I tried a few others, but nothing was anywhere near as cheap as them. So they are definitely not trying to get rid of me.

Sam Kade

beauf wrote: »

Insurance is a joke. They have daft policies like this, but if someone breaks a fingernail they give out thousands in claims. I expect its cheaper, not to challenge spurious claims, and to widen the increase of premiums.

Its not like new cars are cheaper to insure.

They should also reward no claims drivers with lower premiums and load it onto persistent offenders, that way drivers might watch how they drive.

pablo128

dr.fuzzenstein wrote: »

But why would they make this particular customer go away? Woman in her 30's, driving a 1 liter car, why would they not want her? Its nonsensical.

It's not her that's the problem to the Ins Co, it's the car. If she was driving a '10 Yaris, her policy would probably be around 300 euro.

I don't agree with it, but that's how it is.

bazz26

Wibbs wrote: »

What company tried to pull this nonsense B? For a mid thirties woman driver of a one litre car that is nothing short of highway effin robbery. That's not just taking the piss, it's deep drilling and mining the piss. :mad: Hopefully she gets a better quote on a ring around.

They pull it because they know a certain percentage of their existing customers are either too lazy to shop around for more competitive cover or just have blind loyalty to their current insurer.

To Elland Back

dr.fuzzenstein wrote: »

But why would they make this particular customer go away? Woman in her 30's, driving a 1 liter car, why would they not want her? Its nonsensical.
They don't want her to go away, they want to see how much they can take.

They probably don't want this particular woman to go away, but a few items on her profile has obviously triggered a warning that she matches certain criteria of other drivers that have given them problems. Insurers never look at the individual, they look at the combination of separate aspects that generate a rating

Fair, unfair, stupid or unjust, I don't give a toss. But you need to accept that, to some insurers, no amount of money you offer would convince them to take on a certain policyholder

dr.fuzzenstein

To Elland Back wrote: »

They probably don't want this particular woman to go away, but a few items on her profile has obviously triggered a warning that she matches certain criteria of other drivers that have given them problems. Insurers never look at the individual, they look at the combination of separate aspects that generate a rating

Fair, unfair, stupid or unjust, I don't give a toss. But you need to accept that, to some insurers, no amount of money you offer would convince them to take on a certain policyholder

The very fact that some insurers will never take some people on, no matter what the cost and others will snap their arm off to do business with the very same person seems to gel with my monkey theory.
Add to that the fact that some people get quoted PFO renewals, but if they try an online quote with that self same insurer their quote suddenly falls from 1200 to 400 would certainly confirm the theory that insurers only have one rule: Sure, try it on, the worst they can do is jump ship.
Unless the woman in question moved to Jobstown, I don't see any reason beyond monkeys and greed to crank up her premium.

To Elland Back

Prone to exaggeration much?

dr.fuzzenstein

To Elland Back wrote: »

Prone to exaggeration much?

Since we don't know exactly what goes on inside these companies, one has to form theories that would explain the result. Since the results are completely inconsistent, incoherent and nonsensical, science fails to adequately explain them and one has to fall back on monkeys, unicorns and perhaps large quantities of alcohol being at play here.

kevmcnamara

I think it's a scandal that some insurers won't cover a car that is more than 15 years old. If the car can pass the NCT then that should be enough for the insurer, IMO.

newacc2015

This article summaries the reason why insurance is rising so steeply
http://www.irishtimes.com/business/transport-and-tourism/motor-insurance-premiums-halved-over-10-year-period-1.2403263

Insurance companies are losing money. Look at FBDs share price. Its halved in the last year as its losing money. Would you call it greedy it if you local corner shop was losing money for years and had to up its prices to stay out? No. Because you would see that it needs to make money to stay in Business. Why should it be any different for insurance companies?

My dogs insurance has been hiked 25% this year at renewal. Most pet insurance companies wont take new business if your dog is over 4 years old. Its not just the motor insurance industry thats in trouble. All of the insurance products are loss making at the moment pretty much

Minderbinder

bidiots wrote: »

This is with AIG.
It's crazy to think that anyone would blindly just renew so they just obviously want her off the books....
Which is nonsensical considering her annual mileage and NCB.... It would be financially prudent to drive without bloody insurance at this stage! I'm getting closer and closer to jumping on a plane out of this banana republic!

'A commercial practice is considered to be unfair if it is contrary to the requirements of professional diligence. That means it is contrary to the general principle of good faith in the trader's field of activity and/or the standard of skill and care that the trader could reasonably be expected to exercise towards consumers.'

Fair trade practices do not apply to insurance companies. I don't think we even qualify as consumers as that implies we have a choice. I expect sooner or later something will come out about unethical behaviour and price fixing within the industry. These wild fluctuations in quotes is unjust and the people of this country are being held to ransom. The level of control these companies exert over people is disgraceful. Nobody deserves to be panicked into buying anything and it really is a stressful experience for a lot of people to deal with these firms.

If the government make it a legal requirement for me to buy car insurance then the government need to offer public insurance, and adequately regulate the private sector.

Wibbs

Minderbinder wrote: »

If the government make it a legal requirement for me to buy car insurance then the government need to offer public insurance, and adequately regulate the private sector.

More to the point step in to reduce the stupid payouts in the courts and those ambulance chasers that exist in the legal profession. Public insurance sounds great, but if it ever came in I'd bet the farm it would be for an extremely limited number of car models. Basically if you weren't a 60 year old granny driving a prious then game over.

PurvesGrundy

I drive a near 14 year old car and my own insurance renewal went up by 200 euro with Axa this year. It's now more expensive than when I first took out the policy two years ago.

They sort of have me over a barrel in that I still can't find a cheaper quote anywhere else online. I told them I wasn't happy and the lady said she was aware of the situation and would see if she could do better. She came back to me with a reduction of something like only 30 euro....

To Elland Back

I'd say if you were to do a poll among the CEOs of all of Ireland's insurers that the State take over motor insurance and leave them to house insurance, commercial insurance, liability insurance etc, they would bite your hand off.

Unfortunately, I'm sure successive Governments have looked at it and backed away. And that says something

Fred Swanson

This post has been deleted.

dr.fuzzenstein

Fred Swanson wrote: »

This post has been deleted.

I think it is safe to say that not only do a lot of very close and dear friends and relatives of our government run the legal sector in Ireland, but that a great many TD's, who are solicitors and barristers themselves, would find it too great a professional sacrifice to reform the exorbitant and stupid payouts that you get in Ireland, i.e. €20k for a papercut.
In Germany you get €6k for whiplash and for that they'd want very solid medical evidence of torn ligaments and broken bones.
But in the land of vested interests and cronyism and (Jaysus, my cousin would kill me if I pissed in his soup), this will never happen.
So it will continue as before. In 10 years time only a 49 year old accountant from Cork, driving a 1.0 Yaris no more than 5 years old, driving no more than 10k km a year will even be eligible for insurance.
Of course the only way to avoid risk in insurance is to stop selling policies altogether. It's a bit like alleviating traffic congestion in a city by simply blocking all roads in.


tl:dr:
The government is in the back pocket of the legal profession and won't stop the gravy train anytime soon, because you can be sure there's a few "donations" in it.
Evidence? They're the government. They could bring in a new table for payouts. Whiplash? €5k. Don't like it? Go cry to someone who cares. Because that is the attitude when they hit the old, the blind, the poor and the homeless, people who do not have a voice and who can be bulldozed over without any fear of repercussion, because let's face it, what are they going to do beside piss and moan? So the secret to a successful government is to hit the weakest in society. And spin it in a way that people will applaud you for it.

newacc2015

Fred Swanson wrote: »

This post has been deleted.

Its nothing to do with the legal profession. Its just we have semi-state full of incompetent workers managing important issues like this. Its the same with the PRTB. A tenant acts the bollox and doesnt pay rent for 12 months. The landlord tries to evict them legally and the PRTB are taking their usual age to process the complaint. So the landlord illegally evicts them and get a several thousand euro fine for their "distress" or some other BS.

We reward paying the system in Ireland like no other country does. If we abolished 95% of our quangos tomorrow. The country would a far better place

Titzon Toast

I just insured a 97 Prelude 2.2 through QuoteDevil.
It was an absolute nightmare for the guy who was looking after me apparently.
No one wanted to touch it with a barge pole.
I'm 36 with 7 years NCB and a full licence since year dot.
€900 in the end.
I hate driving in this country.

To Elland Back

newacc2015 wrote: »

Its nothing to do with the legal profession. Its just we have semi-state full of incompetent workers managing important issues like this...........

Nail on the head post. Semi State employees are at the core of this problem.