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Can I insure a 2000 car in 2016?

  • 16-12-2015 12:13PM
    #1
    Registered Users, Registered Users 2 Posts: 456 ✭✭


    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


«1

Comments

  • Registered Users, Registered Users 2 Posts: 15,630 ✭✭✭✭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.


  • Registered Users, Registered Users 2 Posts: 23,814 ✭✭✭✭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


  • Registered Users, Registered Users 2 Posts: 400 ✭✭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


  • Registered Users, Registered Users 2 Posts: 5,908 ✭✭✭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.


  • Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,555 CMod ✭✭✭✭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.


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  • Registered Users, Registered Users 2 Posts: 400 ✭✭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....


  • Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,555 CMod ✭✭✭✭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?


  • Banned (with Prison Access) Posts: 4,785 ✭✭✭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


  • Closed Accounts Posts: 1,923 ✭✭✭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


  • Closed Accounts Posts: 2,880 ✭✭✭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...


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  • Registered Users, Registered Users 2 Posts: 19 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.


  • Registered Users, Registered Users 2 Posts: 2,246 ✭✭✭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.


  • Registered Users, Registered Users 2 Posts: 347 ✭✭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.


  • Banned (with Prison Access) Posts: 4,785 ✭✭✭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


  • Registered Users, Registered Users 2 Posts: 81,060 ✭✭✭✭biko


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


  • Banned (with Prison Access) Posts: 4,785 ✭✭✭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?


  • Registered Users, Registered Users 2 Posts: 81,060 ✭✭✭✭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".


  • Registered Users, Registered Users 2 Posts: 20,204 ✭✭✭✭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:


  • Banned (with Prison Access) Posts: 4,785 ✭✭✭Jesus.


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


  • Registered Users, Registered Users 2 Posts: 1,761 ✭✭✭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.

    :confused:


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  • Closed Accounts Posts: 14,846 ✭✭✭✭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:


  • Banned (with Prison Access) Posts: 4,785 ✭✭✭Jesus.


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


  • Closed Accounts Posts: 14,846 ✭✭✭✭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?


  • Banned (with Prison Access) Posts: 4,785 ✭✭✭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?


  • Closed Accounts Posts: 1,923 ✭✭✭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


  • Registered Users, Registered Users 2 Posts: 400 ✭✭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.


  • Closed Accounts Posts: 1,193 ✭✭✭Mark Tapley


    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?


  • Closed Accounts Posts: 1,923 ✭✭✭To Elland Back


    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


  • Closed Accounts Posts: 1,193 ✭✭✭Mark Tapley


    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.


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  • Moderators, Category Moderators, Music Moderators, Politics Moderators, Society & Culture Moderators Posts: 22,380 CMod ✭✭✭✭Dravokivich


    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...


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