Insurance quotes and years of safe driving not valued

jon1981

So it seems insurers no longer value years of safe driving. First year in 11 years that my insurance policy renewal has either not stayed the same or go down a wee bit in price.

Got a renewal quote today up from 490euro to 650 euro! Called two other companies and got 730 and 630 respectively :eek: ... eventually found a company for 560...

Need to keep looking!

P.S car details: 08 focus, 1.8diesel. Standard safe boring car.

smash

I think we need a motor insurance forum at this rate.

irish gent

Check with AA for a quote also if you have a partner/wife with a full license put her down on your policy on the qoute. It should come down more.

jon1981

If one exists, please move this in that direction.

jon1981

irish gent wrote: »

Check with AA for a quote also if you have a partner/wife with a full license put her down on your policy on the qoute. It should come down more.

Pulled out all the tricks, wife is added. Paying in full (so get another discount for that)...etc. I got in touch with Liberty, offering me the best so far at 560. Chill and 123 are way out.

Special Circumstances

smash wrote: »

I think we need a motor insurance forum at this rate.

If we could have a tag for the genuinely funny ones "I'm afraid a Citroen C5 2.0 diesel is a high performance vehicle sir" we could just dip in and out of that for entertainment and skip the rest of them.

I think we'll just have to accept that Ireland's competitiveness is decreasing day by day due to the steady increase of unavoidable (for most) costs.

jon1981

It's quite messed up, talking to a friend on his quote. Named driver on his dads car for 10 yrs, full license for same period. Bought his own car this year and took out his own policy. No partners/wives on it. He got a fully comp quote on a comparable car to mine for 490 euro.
He does have a family friend in this particular broker, but was shocked at how low his was despite the contact.

jon1981

The little 2015 budget tax kickback for 2016 is inevitably being consumed by these 2016 increases

jimgoose

Humph. At this rate I don't know whether to be amused or afeared at the prospect of my own renewal in May.

CJhaughey

jimgoose wrote: »

Humph. At this rate I don't know whether to be amused or afeared at the prospect of my own renewal in May.

Mine is up next month, was looking at a newer Estate around 08 but I am very worried that if I buy an Accord Sport GT Diesel I'll be lumped in with the Rally driver category and loaded accordingly.

Micky 32

Everyone needs to shop around and even if the best other qoute is only 10 euro cheaper go for it because if everyone done that it will keep prices down ultimately in the long run..

The problem with most people is they think if they're with an insurance company for years they'll do them favours, people in this country don't like change....

What this really means is that any cars over 10 year old have only a scrap value. So don't pay more than 20 percent of new price for a 2008 and expect to scrap the car in two years time until the insurance issue has been solved.

Special Circumstances

CJhaughey wrote: »

Mine is up next month, was looking at a newer Estate around 08 but I am very worried that if I buy an Accord Sport GT Diesel I'll be lumped in with the Rally driver category and loaded accordingly.

Yeah they need to stop including "sport" or GT in Irish model descriptions. Sport AND GT = f**ked. Sir, we only insure the "nice cup of tea and a sitdown" model.

I'd say a Skoda Rapid is impossible to insure...

VandC

Try allianz, have heard they're quite good

M5

Had quotes on a 02 1.8 primera ranging from 500 to 1800. Considering it was 350 last year I'm pretty unhappy to say the least. 15 years ncb, no penalty points and Mrs on the policy and she has her own car. It's getting ridiculous now, similar to early 2000's

Insurance should be in the public sector IMO. Having to please shareholders with non optional products is grossly unfair.

Cheapest for the Mrs and myself was Allianz

Charles Babbage

Mine went from 360 to 520 on renewal, on it is all around.

jon1981

ok so Allianz is hovering around the 530euro mark, might get them down a bit over the phone. I'm assuming loyalty doesn't factor in the insurance game given that people will always look around for the best quote. Is there no incentive for an insurer to keep a customer anymore? My current provider would not budge on their 20% hike. Surely having me as a customer at my 2015 rate is better than not having me? Madness...

jon1981

Is there an ombudsman active in this area? Any cases reported on the 10yr old rule? or price hikes?

smash

jon1981 wrote: »

ok so Allianz is hovering around the 530euro mark, might get them down a bit over the phone. I'm assuming loyalty doesn't factor in the insurance game given that people will always look around for the best quote. Is there no incentive for an insurer to keep a customer anymore? My current provider would not budge on their 20% hike. Surely having me as a customer at my 2015 rate is better than not having me? Madness...

I cant seem to find a post where you've mentioned the year, make or model of the car. Is it a 10+ year old death trap that likes to eat babies?

jon1981 wrote: »

Is there an ombudsman active in this area? Any cases reported on the 10yr old rule? or price hikes?

https://www.financialombudsman.ie/

jon1981

smash wrote: »

I cant seem to find a post where you've mentioned the year, make or model of the car. Is it a 10+ year old death trap that likes to eat babies?



https://www.financialombudsman.ie/

08 focus, 1.8diesel. Standard safe boring car. Less than 100k km on the clock. Another issue I won't mix up in here, do I have to scrap my car in 2 years time when an insurer chooses not to insure.

Oh and I bloody cycle to work, car stays in the drive most of the week...doesn't seem to be taking into account.

smash

jon1981 wrote: »

08 focus, 1.8diesel.

Sounds like a beast of a yoke alright... a danger on the roads...

Pkiernan

jon1981 wrote: »

08 focus, 1.8diesel. Standard safe boring car. Less than 100k km on the clock. Another issue I won't mix up in here, do I have to scrap my car in 2 years time when an insurer chooses not to insure.

Oh and I bloody cycle to work, car stays in the drive most of the week...doesn't seem to be taking into account.

Try Blue Insurance

I got a 2 year policy with them on a 2011 Ford S Max for less than 123.ie quoted me to renew for 1 year.

jon1981

Pkiernan wrote: »

Try Blue Insurance

I got a 2 year policy with them on a 2011 Ford S Max for less than 123.ie quoted me to renew for 1 year.

2 yr policy? interesting, didn't know you could get one of those.

Pkiernan

Yep.

I didn't realise it either, but was quoted €370 for a year or €610 for 2 years.

Previous premium with 123 was €350, but they quoted my renewal at €630 - no claims etc...

It is funny seeing a 10/17 expiration on the disk!

smash

Pkiernan wrote: »

Try Blue Insurance

I got a 2 year policy with them on a 2011 Ford S Max for less than 123.ie quoted me to renew for 1 year.

I'd be extremely wary about paying for a 2yr policy considering the way Setanta and other insurers have gone.

To Elland Back

Blue can offer 2yr policies because they are new to the market and do not have a shortfall to make up with outstanding claims from previous years. Premiums are at a higher level, so they feel they can make profit. Enjoy the benefit while you can, if the quote covers your needs and profile. Hopefully it will stay fair for them over the years

(not connected to them)

Pkiernan

Exactly - I'm aware of the risks, but frankly, most of the "budget" insurance companies are all useless bastards anyway.

No reason to believe that 123, FBD, Chill etc are any more stable than Blue. In fact, given their current pricing changes I'd say they're more likely to fail.

Pkiernan

smash wrote: »

I'd be extremely wary about paying for a 2yr policy considering the way Setanta and other insurers have gone.

Considering that my 2 year premium is less than my renewal - there is no real risk.

jon1981

Was talking to Chill (current insurer), reason for increase is setanta going bust and having to pick up the tab...think someone mentioned it here.

smash

jon1981 wrote: »

Was talking to Chill (current insurer), reason for increase is setanta going bust and having to pick up the tab...think someone mentioned it here.

Chill didn't pick up a tab for Setanta. All insured parties had to pay out for a new policy elsewhere from their own pocket while the MIBI were to pick up the tab for open claims.

jon1981

smash wrote: »

Chill didn't pick up a tab for Setanta. All insured parties had to pay out for a new policy elsewhere from their own pocket while the MIBI were to pick up the tab for open claims.

The guy on the phone said the increases were due to Setanta going bust and the industry picking up the tab. Perhaps that's more specific?

smash

jon1981 wrote: »

The guy on the phone said the increases were due to Setanta going bust and the industry picking up the tab. Perhaps that's more specific?

The industry hasn't picked up the tab yet.

"On Friday 4 September 2015, the High Court determined that the Motor Insurers Bureau of Ireland ("MIBI") is liable to pay out in respect of claims against persons who were insured with Setanta at the time of its entry into liquidation.

The MIBI is appealing the High Court’s decision and is currently awaiting a date for the matter to be heard before the Court of Appeal."

jon1981

smash wrote: »

The industry hasn't picked up the tab yet.

"On Friday 4 September 2015, the High Court determined that the Motor Insurers Bureau of Ireland ("MIBI") is liable to pay out in respect of claims against persons who were insured with Setanta at the time of its entry into liquidation.

The MIBI is appealing the High Court’s decision and is currently awaiting a date for the matter to be heard before the Court of Appeal."

Ok so it's a horse**** excuse I was given. I still have no idea why Chills underwriter (ARB) whom I'm insured with can't match my 2015 price when i can go elsewhere and get a quote relatively close to it.

smash

jon1981 wrote: »

Ok so it's a horse**** excuse I was given. I still have no idea why Chills underwriter (ARB) whom I'm insured with can't match my 2015 price when i can go elsewhere and get a quote relatively close to it.

It's complete horseshit. Here's more info:

http://www.claims.ie/setanta_fallout

https://www.kildarestreet.com/wrans/?id=2015-06-09a.611

Nermal

smash wrote: »

The industry hasn't picked up the tab yet.

They must reserve as if they will pick up the tab. That feeds into prices immediately.

Setanta is only one reason though (and not the main one really). The others are:
Bunch of new judges recently appointed handing out money like confetti
Increase in court award thresholds
Lower discount rate applied to personal injury settlements
Fraudsters realising that whiplash claims are basically undefendable and staging accidents

The last reason is why some older cars are getting refused at new business. They're being bought cheaply and used to stage false accidents.

Arundel

07 mazda. last years premium 520 this year 1100. 111.7% increase in price. No changes from last year apart from car and myself being 1 year older. Is the broker having me on or is Axa having the Broker on?

christy02

Allianz renewal went from 380 last year to 460 this year. 06 accord. Shopped around and couldn't beat it.
Other quotes ranged from 560 (123) to 1400 (axa).
No claims 10 years, clean license and missus has own car.

Special Circumstances

Arundel wrote: »

07 mazda. last years premium 520 this year 1100. 111.7% increase in price. No changes from last year apart from car and myself being 1 year older. Is the broker having me on or is Axa having the Broker on?

Lol.

Has your area been declared a warzone perhaps?
Is an MPS 2.3turbo model? An RX-8? I doubt it...

It's a sub 2.0, sub 150hp, reliable shteady shturdy car isn't it? Taking the explanation of these being "PFO" quotes... why would they decide over the course of one year with no other changes to tell you to "PFO" this year? Cowboys Ted.

Dravokivich

Nermal wrote: »

They must reserve as if they will pick up the tab. That feeds into prices immediately.

Setanta is only one reason though (and not the main one really). The others are:
Bunch of new judges recently appointed handing out money like confetti
Increase in court award thresholds
Lower discount rate applied to personal injury settlements
Fraudsters realising that whiplash claims are basically undefendable and staging accidents

The last reason is why some older cars are getting refused at new business. They're being bought cheaply and used to stage false accidents.

Quite frankly, that is not the customers problem. If there is an issue with that, the insurance companies need to push it up to government to be able to protect their business. Not price someone out of it, that needs it.

NyOmnishambles

06 Alfa 147 1.6L, lovely little car and I do tiny mileage as I walk to work
7 years no claim bonus, 2 penalty points due to expire this year

Last years premium was around the €500 mark, the renewal came in at €950 through Chill

Shopped around and the cheapest I have gotten so far is €620 through a different broker

Still too much in my eyes but much more acceptable than the renewal quote, at €950 I would nearly have been tempted to sell the car and get around in other ways when I needed too

Arundel

Special Circumstances wrote: »

Lol.

Has your area been declared a warzone perhaps?
Is an MPS 2.3turbo model? An RX-8? I doubt it...

It's a sub 2.0, sub 150hp, reliable shteady shturdy car isn't it? Taking the explanation of these being "PFO" quotes... why would they decide over the course of one year with no other changes to tell you to "PFO" this year? Cowboys Ted.

So they are telling me to "PFO" I wonder why. .

edburg

Arundel wrote: »

07 mazda. last years premium 520 this year 1100. 111.7% increase in price. No changes from last year apart from car and myself being 1 year older. Is the broker having me on or is Axa having the Broker on?

Pretty much same for me, 38 now with full ncb and 2nd policy of 3 years went from 560 to 1150 on a 09 insignia elite diesel. Astra went from 390 in 2013 to 560 last year dreading May's renewal letter.

whippet

after taking out the tub of Vaseline to get shafted on our cars, we had the added 'pleasure' of having to put a 19 year old au-pair on our policy ... you'd swear we were looking to insure a roll of toilet paper on a stick against rain damage.

H3llR4iser

irish gent wrote: »

Check with AA for a quote also if you have a partner/wife with a full license put her down on your policy on the qoute. It should come down more.

You know, of all the nonsense around motor insurance this is probably ranking in the very first places. Since the EU ruling, they can't base their pricing on gender; So theoretically, having a named driver should slightly increase the premium, as it statistically means that the car could be on the road for a longer time than with just one driver (e.g. the car could be used by the named driver while the main one is at work etc.). I'd really, really like to know the reasoning behind the prices being lower with a partner on the policy.

Special Circumstances

whippet wrote: »

after taking out the tub of Vaseline to get shafted on our cars, we had the added 'pleasure' of having to put a 19 year old au-pair on our policy ... you'd swear we were looking to insure a roll of toilet paper on a stick against rain damage.

My selective reading kicked in there during reading that... ;-)

Special Circumstances

H3llR4iser wrote: »

You know, of all the nonsense around motor insurance this is probably ranking in the very first places. Since the EU ruling, they can't base their pricing on gender; So theoretically, having a named driver should slightly increase the premium, as it statistically means that the car could be on the road for a longer time than with just one driver (e.g. the car could be used by the named driver while the main one is at work etc.). I'd really, really like to know the reasoning behind the prices being lower with a partner on the policy.

To be fair, there's surely stats to prove that having a long term partner puts you in a lower risk category. On average. We all know that guy compensating for driving a mommy wagon by pretending he's on the nurburgring

Lux23

This is why I fought with my partner over getting a car, just a complete waste of money when you live in Dublin city centre. He still got one, the tool.

Turtle-TM

Has any one asked for a detailed breakdown for exactly what they are being charged extra. By detailed I mean not just them saying "ah sure every company is putting up premiums" they will prob refuse on grounds of commercial sensitivity but it might be worth a try if only to make them aware people won't take a shafting lying down

staengus

I'm still waiting for a renewal quote, so took it on myself to get quotes from various companies while I wait.

From 340 last year on a 05 Astra, M, 33, 7 NCB, no claims:
Liberty = 914.37
AIG = 907.13 or (806.34 with the app)

Any calls back were told under no circumstances would I pay that crap.
Best so far:
AA = 518.13
25Plus = 514.13

Think I'll still wait on the letter before deciding.

jon1981

Update, I managed to get 559euro with liberty insurance keeping all the same conditions I had with Chill.
Nobody else I talked to could go below 620 without having to drop some of my benefits like moving to step back or something. Even at that, most quoted me 700+ ... I felt 28 again !

Arundel

Turtle-TM wrote: »

Has any one asked for a detailed breakdown for exactly what they are being charged extra. By detailed I mean not just them saying "ah sure every company is putting up premiums" they will prob refuse on grounds of commercial sensitivity but it might be worth a try if only to make them aware people won't take a shafting lying down

I have asked broker why. Told that Axa has been told to bump up reserves by central bank. But putting up premium by 111% in my case seems a bit excessive to me. Is Axa in trouble I wonder.