Some insurance companies no longer insuring cars older than 03?

Bananaleaf

Can they really do that? It seems a bit mad.

Was told this by a guy on the phone today. He said that I can expect it to be implemented across the board in the next yr or two.

Can name the company if I'm allowed

bazz26

There are a multitude of threads on here discussing the same thing.

Bananaleaf

bazz26 wrote: »

There are a multitude of threads on here discussing the same thing.

Okay, well I searched my exact thread title before posting this and I didn't find one so they can't be that recent

punisher5112

There are a few alright.

it's happening but if you are already insured with the company they must quote you.

new policies are different though so this is catching some out.

1 main reason given is all the crashes where there are big payouts for injuries statistically are happening in older cars so way of cutting down is to cut out the higher risk or possibility of it.

Bananaleaf

punisher5112 wrote: »

There are a few alright.

it's happening but if you are already insured with the company they must quote you.

new policies are different though so this is catching some out.

1 main reason given is all the crashes where there are big payouts for injuries statistically are happening in older cars so way of cutting down is to cut out the higher risk or possibility of it.

Yeah I did find the threads eventually. So won't keep this one going but Jesus Christ this really is the last straw. I can't afford an 03 car or earlier Thought he was trying to scare me I really didn't believe it.

Really it's just the latest trick to try keep the car industry afloat after the 131/132 etc crap didn't work, isn't it?

It's a symptom of the Irish legal system failing the regular citizens and the insurance companies trying to work around the issue. Hopefully the former will be fixed before the latter will make any cars over 2..3 years practically worthless.

pcardin

Dr.Fuzzenstein is right, this country is deffo fcuked in head when it comes to cars, sad place for motorists.

gctest50

punisher5112 wrote: »

............
1 main reason given is all the crashes where there are big payouts for injuries statistically are happening in older cars so way of cutting down is to cut out the higher risk or possibility of it.

kinda related to that, newer cars have better "black box" datalogging

helps a bit in "unusual" crashes

Chris_Heilong

If this keeps up we might have to abandon the Irish Insurance companies and get insured by European ones.

dev100

It would be fantastic it the were the case . Bit like the banking system why can't you open a bank account if it pays better in another EU country same with mortgages also . You will find no one
will touch you.

bazz26

Chris_Heilong wrote: »

If this keeps up we might have to abandon the Irish Insurance companies and get insured by European ones.

Very few of them would want to enter the Irish insurance market, think of Setanta.

dr.fuzzenstein

pcardin wrote: »

Dr.Fuzzenstein is right, this country is deffo fcuked in head when it comes to cars, sad place for motorists.

Thas odd, a reply to a post I didn't make?

Dero

dr.fuzzenstein wrote: »

Thas odd, a reply to a post I didn't make?

Well you did make that point in another thread, so it's more of an agreement by reference than a reply I'd say.

biko

Bananaleaf wrote: »

Can they really do that? It seems a bit mad.

Was told this by a guy on the phone today. He said that I can expect it to be implemented across the board in the next yr or two.

Can name the company if I'm allowed

Go ahead and name it.

03? That makes it cars 13 years or older. I know Aviva and Allianz have been dicks about older cars, hope it's not spreading to other insurers.

grogi

biko wrote: »

Go ahead and name it.

03? That makes it cars 13 years or older. I know Aviva and Allianz have been dicks about older cars, hope it's not spreading to other insurers.

Not only about that... They have a list of conditions and assumptions that long that I refuse to even get quotes from them...

Liam McPoyle

biko wrote: »

Go ahead and name it.

03? That makes it cars 13 years or older. I know Aviva and Allianz have been dicks about older cars, hope it's not spreading to other insurers.

Iirc fbd are declining new business to cars over 12 years of age.

dr.fuzzenstein

Dero wrote: »

Well you did make that point in another thread, so it's more of an agreement by reference than a reply I'd say.

Ah, OK, wasn't sure myself. All marbles still present, or most of them.

Chris_Heilong

Business Cat wrote: »

Iirc fbd are declining new business to cars over 12 years of age.

So it starts, the bench mark will be 10 years old soon enough, when my wife said most people in China are only allowed drive cars no older than 10 years old I laughed at her and said how backwards an idea it was, now 4 years later and it is becoming a reality here.

cerastes

Chris_Heilong wrote: »

So it starts, the bench mark will be 10 years old soon enough, when my wife said most people in China are only allowed drive cars no older than 10 years old I laughed at her and said how backwards an idea it was, now 4 years later and it is becoming a reality here.

I find it hard to believe in such a large and not necessarily modern country everywhere that the age limit of cars is 10 years allowed?
Essentially 10 year old cars will be worthless and useless here though, so you won't be able to buy anything with less than 3 years left (7 years old max) to get any worthwhile use out of it, cars are good for much longer than that, at this rate it would only be worth having disposable cars that need only be scrapped at the end of their life, spare parts new or second hand will surely be a dead business too? I can see future disposable cars only working for a duration before clapping out.
Hopefully this idea won't take off though.

Lellostag

Business Cat wrote: »

Iirc fbd are declining new business to cars over 12 years of age.

I seem to remember Blue Insurance (think it's them) refuse to quote for cars older than 10 years...

cerastes

It's fcuking stupid, it has no bearing on cars safety or usefulness, it can have no relevance to any individual car that some other car of the same age or even type has been in an accident that has cost a large payout.
A brand new car could be involved in as serious an accident as an older car, a car 4 years old could be in a worse condition than a car that's ten or more years old.

shugy

I'll be soon leaving this country if they keep going down this road. It's just a disgrace! How can you expect young families to have a mortgage, have 3 kids, health care, property tax, water charges, septic tank charge, new TV license, and now their not going to let us drive cars that's older than 10'years, maybe even 10. It's just scandalises

Lellostag

shugy wrote: »

I'll be soon leaving this country if they keep going down this road. It's just a disgrace! How can you expect young families to have a mortgage, have 3 kids, health casre, property tax, water charges, septic tank charge, new TV license, and now their not going to let us drive cars that's older than 10'years, maybe even 10. It's just scandalises

I kind of feel a bit the same, it really is getting harder to stay afloat, and soaring insurance costs doesn't exactly help.. Haven't though figured out where to move to just yet, but it's something I'm pondering more often nowadays, however much I like living in Ireland. It's sad really as there's so much I like about life here, but when a half-decent income is barely enough for break-even each month you just have to at least start considering your options...

shugy

Lellostag wrote: »

I kind of feel a bit the same, it really is getting harder to stay afloat, and soaring insurance costs doesn't exactly help.. Haven't though figured out where to move to just yet, but it's something I'm pondering more often nowadays, however much I like living in Ireland. It's sad really as there's so much I like about life here, but when a half-decent income is barely enough for break-even each month you just have to at least start considering your options...

It's only hit me last few days. Love this country and will be sad to leave it but there comes a time when enough is enough. It's just going to get worse I expect. Insurance companies shouldn't be aloud to do such madness. Hopefully some other company will start up and do away with the mad rules and make it easy on us working class.

slimjimmc

Business Cat wrote: »

Iirc fbd are declining new business to cars over 12 years of age.

They've been ramping up premiums for at least a year but last July they said the car's age was not a basis for refusal. Could have changed their mind though.
http://www.independent.ie/life/motoring/car-news/insurers-refuse-to-cover-older-vehicles-31397715.html

Lellostag

shugy wrote: »

It's only hit me last few days. Love this country and will be sad to leave it but there comes a time when enough is enough. It's just going to get worse I expect. Insurance companies shouldn't be aloud to do such madness. Hopefully some other company will start up and do away with the mad rules and make it easy on us working class.

Yeah, if there was at least a chance of things ever changing in regards to how the country is governed I'd feel more positive, but seeing the election results I very much doubt that to happen anytime soon...

Any thoughts on where you'd like to go?

To Elland Back

shugy wrote: »

Hopefully some other company will start up and do away with the mad rules and make it easy on us working class.

Many have tried, got burned by Irish motorists (working class & otherwise) and ran. What we're left with is what our system has caused

Notch000

why ten years ?? im sure the simi would argue cars get dodgy after 8 , 5 , 3 years ??? what hte f**ing point of a national test then !
give the logic if certain sub groups of the population are staging accident in 15yr old cars surely they will just move up in the years to complete there fraud

carzony

I was refused a quote by a few insurers a few weeks ago on my 2005 c4. I'm really starting to worry that a 10 year benchmark will be implemented, seems likely to be honest. Knowing us Irish we will just get on with it and allow them get away with it.

biko

Business Cat wrote: »

Iirc

Lellostag wrote: »

I seem to remember

No offence but that's just hearsay without verifiable sources.

Patrick2010

I'm with Bank of Ireland for the first time after 5 years with 123. BOI gave me a quote for 430 against 615 quoted as a renewal by 123 for my 2001 car. A number of insurers couldn't offer a quote when I shopped around online (including 123) or offered quotes of 800 to 1100 euro.

cruizer101

biko wrote: »

No offence but that's just hearsay without verifiable sources.

Go to https://www.blueinsurance.ie/car-insurance , enter in a reg, in my case was 99, message pops up not quoting over 10 years.

To be fair to them at least you can enter the reg in straight away rather then with others having to enter in loads of details only to be told at end F**k off.

This is going to become a serious problem.

Patrick2010

In fairness you don't even need to put in a reg, they say it on their first page...

Please note we are unable to provide a 2 year quotation for persons who are either under 25 years of age, or who holds 6 or more penalty points, or with a vehicle aged 10 years plus (or an import before 2011) or with a vehicle valued at €100,000 or higher.

Pity other insurers don't do the same.

biko

cruizer101 wrote: »

Go to https://www.blueinsurance.ie/car-insurance , enter in a reg, in my case was 99, message pops up not quoting over 10 years.

Thanks, I confirm this.

From page

Please note we are unable to provide a 2 year quotation for persons who are either under 25 years of age, or who holds 6 or more penalty points, or with a vehicle aged 10 years plus (or an import before 2011) or with a vehicle valued at €100,000 or higher.

They say "unable" but mean "unwilling".

Lellostag

biko wrote: »

No offence but that's just hearsay without verifiable sources.

Turned out to be a fact after all though...

Then again this is Boards, so the focus will be more on discussion and banter than statements of verified facts. :rolleyes:

biko

Aviva and FBD was brought up earlier in thread.
FBD were quoted saying to www.independent.ie

FBD said the age of the vehicle was a factor, but it would not result in cover being refused.

Aviva defended its policy, which came into force last month, saying it was based on its claims experience around older cars, which had been "extremely poor".
"There's the age of the vehicle, but also issues about maintenance," a spokeswoman said.
"Claims have increased for these cars and we have found a large incidence of bad claims and large losses.
"In addition, we have found that a lot of these old vehicles are often associated with fraud, like cash for crash.

Just over half of all fatal collisions which occurred in 2012 involved vehicles 10 years or older, but garda sources said it would be a "significant stretch" to link the condition of the car with fatal collisions, most of which were caused by driver error.

The Department of Transport added that the decision was "regrettable" but noted that there were 30 companies on the market offering cover.

Shop around people, don't give your money to companies that don't care for you or your old car.

http://www.independent.ie/life/motoring/car-news/insurers-refuse-to-cover-older-vehicles-31397715.html

biko

Lellostag wrote: »

Turned out to be a fact after all though...

Then again this is Boards, so the focus will be more on discussion and banter than statements of verified facts. :rolleyes:

Possibly you have a point, I'm just not sure what that is.

Lellostag

biko wrote: »

Possibly you have a point, I'm just not sure what that is.

Well, my point is that I had said:

"Quote:
Originally Posted by Lellostag View Post
I seem to remember"

in reference to Blue Insurance refusing to quote for cars older than 10 years, and you responded with "No offence but that's just hearsay without verifiable sources."

Hence me just countering with that it in fact turned out to be a fact after all, as others have subsequently confirmed.

Long story short, I don't think there's any problem with people hedging their bets with "IIRC" as this isn't exactly a place for just stating and confirming facts. Most on here just voice an opinion but if you want to be sure of anything you need to verify those facts yourself and not expect anything on here to be the final say.

So that's my rather longwinded point. :cool:

Pkiernan

Patrick2010 wrote: »

... or with a vehicle valued at €100,000 or higher....

Thats me screwed then....