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Insurance costs and future outlook

  • 07-11-2015 1:19pm
    #1
    billyhead
    Registered Users, Registered Users 2 Posts: 10,176 ✭✭✭✭


    Does anyone reckon insurance premiums will fall some time in the near future. I haven't driven and had a policy in my own name or been a named driver for more then 3 years and thus have lost my NCB and the prices I am been quoted are huge even though I have a full irish drivers licence and no convictions or accident history on previous cars. Were talking about qoutes of €2500 for fully comprehensive. I might ride out the inflation storm in the hope that prices fall and stick to public transport and the bike for the moment:(


Comments

  • #2
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 84,761 ✭✭✭✭Atlantic Dawn
    M


    As the song says the only way is up.


  • #3
    b_mac2
    Closed Accounts Posts: 454 ✭✭b_mac2


    Maybe someday, when people stop putting in spurious whiplash claims.


  • #4
    Nody
    Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,375 CMod ✭✭✭✭Nody


    billyhead wrote: »
    Does anyone reckon insurance premiums will fall some time in the near future. I haven't driven and had a policy in my own name or been a named driver for more then 3 years and thus have lost my NCB and the prices I am been quoted are huge even though I have a full irish drivers licence and no convictions or accident history on previous cars. Were talking about qoutes of €2500 for fully comprehensive. I might ride out the inflation storm in the hope that prices fall and stick to public transport and the bike for the moment:(
    The insurance premiums are being normalized (they were sold at a loss for several years) so no; they are not going to go down for the foreseeable future.


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