Can I insure a 2000 car in 2016?

Bonesy.

Hi there I've been hearing a lot about a few insurance companies not insuring cars older then 15 years old to new customers, does that just mean any cars under 00 for the future or does it go up every year say 01 in 2016?
I'm thinking of buying a polo that's 2000 so I'm a bit concerned

Thanks

Vicxas

I think at the moment its Allianz and 123.ie that are no longer insuring cars over 15 years, however its setting a dangerous precedent for others.

mickdw

Vicxas wrote: »

I think at the moment its Allianz and 123.ie that are no longer insuring cars over 15 years, however its setting a dangerous precedent for others.

For new business only

Daaryl

Well no matter what you can't get refused car insurance at all, Doesn't matter what car you have and what age you are! If you can't get insurance normally, The Motor Insurers Bureau will get you insured

MojoMaker

Just reinsured a 2000 BMW 3-series and it was a lot cheaper than my 2006 Saab 95 so don't believe the hype.

Nody

Daaryl wrote: »

Well no matter what you can't get refused car insurance at all, Doesn't matter what car you have and what age you are! If you can't get insurance normally, The Motor Insurers Bureau will get you insured

No, the MIB will get you a quote; there's a big difference in those two statements.

Daaryl

Nody wrote: »

No, the MIB will get you a quote; there's a big difference in those two statements.

Yes, And you need a quote to get you insured....

Nody

Daaryl wrote: »

Yes, And you need a quote to get you insured....

And that quote can easily be five figures, do you think someone with a normal 00 will pay that to be insured?

Jesus.

MojoMaker wrote: »

Just reinsured a 2000 BMW 3-series and it was a lot cheaper than my 2006 Saab 95 so don't believe the hype.

Yeah I'm insured on a 16 year old car and its grand. Fingers crossed it stays that way

To Elland Back

Nody wrote: »

No, the MIB will get you a quote; there's a big difference in those two statements.

The Motor Insurance Bureau have nothing to do with obtaining cover or quotations. They deal with uninsured claims. The Declined Cases Committee within the Irish Insurance Federation look after cases where you cannot obtain quotes/cover. If you already have an insurer on a different vehicle, they will not get involved, as that insurance company is obliged to quote you

shietpilot

I believe the whole industry is placing loadings on cars older than 15 years old.

When I rang my broker (First Ireland) to change car to a 1999 temporarily they told me it would cost €160 because it was older than 15 years...

dellsmore

My insurance renewal notice from AIG for my 1998 Almera has just arrived. Last year - €322. This year - €922!!!

There has been absolutely NO changes at all in circumstances. I've just had a quote from Axa for €699.

I am completely flummoxed (and outraged!) at why they have done this - I've held a full clean licence for 31 years, no claims, no points, live in a low risk area etc. etc.

It looks like I'm going to have to buy a new(er) car.

pippip

MojoMaker wrote: »

Just reinsured a 2000 BMW 3-series and it was a lot cheaper than my 2006 Saab 95 so don't believe the hype.

Thats mad, I just renewed my 02 Audi and just to see I checked price if it was a 06 and price dropped 60euro. Yours must have been a down to completely different cars.

Bandito909

Friend of mine's cheapest quote for first time insurance on a 99 Fiesta she just bought, is at 4000euro. And she's spent 3 days calling absolutely everyone. She has a full licence and is 31 years old.

Jesus.

dellsmore wrote: »

My insurance renewal notice from AIG for my 1998 Almera has just arrived. Last year - €322. This year - €922!!!There has been absolutely NO changes at all in circumstances. I've just had a quote from Axa for €699. I am completely flummoxed (and outraged!) at why they have done this - I've held a full clean licence for 31 years, no claims, no points, live in a low risk area etc. etc. It looks like I'm going to have to buy a new(er) car.

I'd love to hear the Insurance Company fan boys explain that one

biko

I doubt there are insurance fan boys here. There is a pretty strong general agreement that insurers are money-grabbing ****ers.

Jesus.

There is one. He regularly defends them. I believe he works in the industry.

Why exactly do the insurance Co's give two tom tits about a car being over 15 years old? Do they think they're less safe?

biko

Aviva and Allianz will not insure the cars because they say they are more likely to be involved in collisions.

http://www.newstalk.com/Insurance-Aviva-Allianz-old-cars-coverage-collisions

Because it's the age of the car that matters :rolleyes:

Allianz has stated that it is introducing its more restrictive policy because, “where older cars are involved, personal injury frequencies are higher.”

http://www.thejournal.ie/car-old-hard-insurance-change-allianz-2232262-Jul2015/

I suppose they build this on some numbers/stats that I couldn't find anywhere. Probably company "secret".

jimgoose

biko wrote: »

http://www.newstalk.com/Insurance-Aviva-Allianz-old-cars-coverage-collisions

Because it's the age of the car that matters :rolleyes:

Aye. Classic Deductive Fallacy. :pac:

Jesus.

So people who can only afford an old car are loaded up with insurance and tax (pre 08). What a fair system

Muckie

This time last year i drove a 1995 Subaru Impreza, had it 11 years.

Driving for the last 20 plus years, no accidents, driving BMW's, Nissans, Ford Escorts, even a Mini.

I'm 40, it was €402 TPFT with FBD, this year i'm driving a 99 Toyota Yaris
(dont laugh...) this year they wanted €670!!!!

A f*cking less than 1 lt Christen Yaris (never driven a car with such a small engine before and i'm been hammered for it.

Liam McPoyle

Jesus. wrote: »

There is one. He regularly defends them. I believe he works in the industry.

Why exactly do the insurance Co's give two tom tits about a car being over 15 years old? Do they think they're less safe?

I presume you are referring to myself. Fanboy is a new one on me, take you long to come up with that?

If by fanboy you mean someone that has consistently gone out of their way to explain how the insurance industry works, someone that has taken the time to answer countless PM's from people about their insurance, someone that has tried their best to make the decisions insurers take as easy to understand as possible for people that aren't au fait with the industry then yes, I guess that makes me a fanboy.

If you actually bothered to read all of my posts in here you would see that I dont actually defend the insurance industry for the most part. There is the world of difference between defending something and explaining how something works but I suppose when dealing with a particular class of myopic posters its difficult for them to understand the difference. I have provided reasons as to why certain actions are taken, there are actions taken that I have no understanding of and that do not make sense to me.

There are many industry practices that I think are unfair and have said so on any number of occasions, the case with the poster above getting a more than 200% increase being a perfect example.

So next time you decide to have a cheap pop at someone, you would be better served to actually do a bit of homework before going fishing for a few little thanks.

:rolleyes:

Jesus.

Oh don't be so sensitive. Fanboy? Hardly a terrible insult :rolleyes:

Liam McPoyle

Jesus. wrote: »

Oh don't be so sensitive. Fanboy? Hardly a terrible insult :rolleyes:

Or you could try and not act like a cock?

Jesus.

There's no need for that Mrs Cat. Could you tell me why the man on the last page has been hiked up so high?

To Elland Back

biko wrote: »

I doubt there are insurance fan boys here. There is a pretty strong general agreement that insurers are money-grabbing ****ers.

I'm one of the fanboys as people describe it, but as BC says, I try to explain why things happen rather than defend them. In Dellsmore's example, they are not money grabbing by increasing the premium from €322 to €922. They don't want your money, they want you (your profile) to fluck off and become someone else's problem. Nothing personal, they just feel they can't make money within your grouping

Daaryl

Jesus. wrote: »

So people who can only afford an old car are loaded up with insurance and tax (pre 08). What a fair system

Not that people can only afford old cars, Alot of people would rather spend the money on a older car then waste money on a new car.

Mark Tapley

To Elland Back wrote: »

I'm one of the fanboys as people describe it, but as BC says, I try to explain why things happen rather than defend them. In Dellsmore's example, they are not money grabbing by increasing the premium from €322 to €922. They don't want your money, they want you (your profile) to fluck off and become someone else's problem. Nothing personal, they just feel they can't make money within your grouping

If they only want the cream of the business how is that not money grabbing?

To Elland Back

Mark Tapley wrote: »

If they only want the cream of the business how is that not money grabbing?

Because they try and offer the lowest price on the market to attract the business they do want. The customers do the grabbing in those circumstances, not the insurers

Mark Tapley

To Elland Back wrote: »

Because they try and offer the lowest price on the market to attract the business they do want. The customers do the grabbing in those circumstances, not the insurers

That's some twisted logic. I thought you didn't defend these cowboys.

Dravokivich

To Elland Back wrote: »

I'm one of the fanboys as people describe it, but as BC says, I try to explain why things happen rather than defend them. In Dellsmore's example, they are not money grabbing by increasing the premium from €322 to €922. They don't want your money, they want you (your profile) to fluck off and become someone else's problem. Nothing personal, they just feel they can't make money within your grouping

Just as well you aren't required to have a vehicle insured then...

Bigus

dellsmore wrote: »

My insurance renewal notice from AIG for my 1998 Almera has just arrived. Last year - €322. This year - €922!!!

There has been absolutely NO changes at all in circumstances. I've just had a quote from Axa for €699.

I am completely flummoxed (and outraged!) at why they have done this - I've held a full clean licence for 31 years, no claims, no points, live in a low risk area etc. etc.

It looks like I'm going to have to buy a new(er) car.

Ironically , if you do end up driving a newer car and are unfortunate enough in time to to be involved in a serious collision, in which your later newer higher NCAP safety rating replacement car saves your or,your beloved ass , you might then see the insurance company's point.

Google some old vs newer cars crash tests, it's scary to see safety the improvements. Eg Nissan note/ Renault modus vs old Volvo 740.

https://www.youtube.com/watch?v=qBDyeWofcLY

To Elland Back

Mark Tapley wrote: »

That's some twisted logic. I thought you didn't defend these cowboys.

Your lack of comprehension is not my concern

To Elland Back

Dravokivich wrote: »

Just as well you aren't required to have a vehicle insured then...

What? I own and insure a 1999 vehicle (my only car) and am governed by the same rules as everyone else

square ball

dellsmore wrote: »

My insurance renewal notice from AIG for my 1998 Almera has just arrived. Last year - €322. This year - €922!!!

There has been absolutely NO changes at all in circumstances. I've just had a quote from Axa for €699.

I am completely flummoxed (and outraged!) at why they have done this - I've held a full clean licence for 31 years, no claims, no points, live in a low risk area etc. etc.

It looks like I'm going to have to buy a new(er) car.

This seems to be common enough with AIG. To me it looks like they were too cheap last year and have gotten caught with a lot of claims and are trying to make some of the money back or clean up their book.

Not great news for you though. I'd chance a few brokers and find out who is giving the best prices, then go to them directly.

Mark Tapley

To Elland Back wrote: »

Your lack of comprehension is not my concern

Do you know the five lamps?

Arthur Daley

Fbd wouldn't insure me on a resurrected policy for a 98 last year despite giving them plenty of business for years, so off I went and got a decent deal elsewhere for my 3 policies. So this has been going on a while. Applying a blanket rule like this goes to show how much 'science' goes into this industry. The big old volvo vs modus crash is one angle to this, but it's hardly compelling reason to justify some of the price gouging by the irish insurance cartel mentionned on here.

We are talking about 98/99 cars here mainly it's not that long ago in car development/safety.

Skatedude

I still dont get the "older vehicles are more likely to be in an accident" bit? why? Do peoples driving skills suddenly drop sharply off when their car turns 15?

And if a old car is wrote off, then the insurance pays out peanuts, if a much newer car gets wrote off then the insurance company has to pay out much, much more?

Roger Mellie Man on the Telly

It's to do with staged or deliberate accidents I believe. Small outlay buying an old cheap car to cause the accident, then claim the maximum for personal injuries possible from the other/innocent persons insurance.

PurvesGrundy

biko wrote: »

http://www.newstalk.com/Insurance-Aviva-Allianz-old-cars-coverage-collisions

Because it's the age of the car that matters :rolleyes:


http://www.thejournal.ie/car-old-hard-insurance-change-allianz-2232262-Jul2015/

I suppose they build this on some numbers/stats that I couldn't find anywhere. Probably company "secret".

Wouldn't you just love if there was a backlash against these particular insurers and customers abandoned their policies en masse. They would not be so smart then....

Arthur Daley wrote: »

We are talking about 98/99 cars here mainly it's not that long ago in car development/safety.

The farcical nature of that whole blanket rule is they would rather insure a 2004 Focus with 160k miles that has been driven in potholes all its life than a 00' 60k mile minter.

swarlb

biko wrote: »

http://www.newstalk.com/Insurance-Aviva-Allianz-old-cars-coverage-collisions

Because it's the age of the car that matters :rolleyes:


http://www.thejournal.ie/car-old-hard-insurance-change-allianz-2232262-Jul2015/

I suppose they build this on some numbers/stats that I couldn't find anywhere. Probably company "secret".

I have a 1997 car, which I use regularly (if not daily). It's taxed, NCT'd and insured. Is has no airbags, no power steering, no ABS or any 'modern' electronic safety aids, so I can see why an insurance company would deem it to be 'less safe' than a car which comes fitted with these items as standard. I don't see a problem with insurance companies having an extra premium on older cars. 15 years is a long time, regardless of what you may think. Weather erosion, metal fatigue can all play a part. I'm fairly certain that airbag systems have a 'date' stamp, it could be possible that they may not function as they should when required, by which time it could be too late. Airbags are a kind of 'Catch 22' device.. how exactly to you know that they will deploy, and can you be certain beyond all doubt.

pippip

Skatedude wrote: »

I still dont get the "older vehicles are more likely to be in an accident" bit? why? Do peoples driving skills suddenly drop sharply off when their car turns 15?

And if a old car is wrote off, then the insurance pays out peanuts, if a much newer car gets wrote off then the insurance company has to pay out much, much more?

Any time i've seen discussions on it they mention it being older cars have less protection. Its all about your physical state after being in a crash in a new car versus older car. Medical expenses are always the big payouts in accidents.

Michael1310

Yes, you should be concerned. It's impossible to get a normal quote for cars 14 years old. The reason has to do with the kind of people they believe buy and use old cars. They make more claims, or something I can't understand exactly because they use obscure language like the following:
Allianz has stated that it is introducing its more restrictive policy because, “where older cars are involved, personal injury frequencies are higher.”

At least that is my reasoning for now, having tried to think of what possible reason a car worth 1000 euro costs more to insure than a car worth 15,000 euro. I don't believe old cars are more dangerous and they are a better insurance bet as they cost so little to pay up for a repair. No, it's something else and if anyone can explain it in plain English I'd love to hear it. I believe they think a person who buys an old car isn't their kind of person.

jimmy blevins

But surely someone who had a policy with the same company for years without trouble isn't suddenly turn into a cheating skanger bastard because of the age of their car.

The lack of reciprocation to loyal law abiding drivers is the real rub for me. While there are people out there scamming the system, driving while banned, no tax etc. get a light touch.

rizlafan

i'm insurin a 97 with "munster insurance group" for the last few years,

excellent to deal with

good luck

Michael1310

Yes, but they want to be rid of that business. Some will still quote reasonable if you are already insured with them but the direction is to stop insuring cars 14 years or older. And the only reason I can think of to do this is "not the car" but the people who drive them. The car would be a dream to insure because it's a guaranteed cheap payout of 1000 or 2000 euro at the most. It's the type of people they believe drive them. Now if you drive an old car you are helping the environment but they pretend the opposite. They pretend you are a polluter, have a dangerous car, and the world would be better off if you bought a proper new car. And that's the lie that annoyed me so much I tried to understand why they didn't want to insure old cars. My conclusion is the don't like the type of people who buy them, and they believe they make more claims than people who buy expensive cars. And maybe statistically they do, but I didn't. I'm not insuring my credibility as a person based on the car I drive. I thought I was insuring my car, but I seems to me now, not to be the case.

punisher5112

Year old thread. Its 2017 lads.

Good luck getting insured this year if ya think 2016 was bad.

rizlafan

i would still by my reccomendation of " munstert insurance" group stand,

although my renewal is up in june and i'm going to be finally prieced out of the market


que sera sera