Third party only insurance

Sam Kade

I recently got insurance for a 16 year old and requested third party only from a broker but they said you can't get third party only, is this true?

Tigger

Sam Kade wrote: »

I recently got insurance for a 16 year old and requested third party only from a broker but they said you can't get third party only, is this true?

16 year old car ? Yeah they had a meeting and decided we can do that
16 year old person -can't drive

Special Circumstances

Try Acorn insurance.
Their unique selling point is charging you twice as much for "TP only" as for fully comp!

I can't say whether you need to speak backwards to them on the phone or write the cheque in mirror writing or anything but let us know how you get on!

Sam Kade

Tigger wrote: »

16 year old car ? Yeah they had a meeting and decided we can do that
16 year old person -can't drive

16 old car

Special Circumstances

Sam Kade wrote: »

16 old car

Okay, some genuine advice*
I was assured in another thread that first Ireland will insure older (15+) daily drive cars as classics. Without you needing another policy. Marvellous if true. The person who said this was quite adamant.


*as long as it isn't one of those filthy treacherous baby eating Japanese cars. Somebody in their office knew someone who had a bad experience with an Asian person once. Or something like that at least.

Liam McPoyle

Sam Kade wrote: »

I recently got insurance for a 16 year old and requested third party only from a broker but they said you can't get third party only, is this true?

Some insurers wont offer TPO for new business.

From an underwriting point of view its about mitigating potential risks.

Someone rings for a quote for TPO and driving an old car.

The fact is that no matter if the policy is bought fraudulently or not an insurance company will always be on the hook for third party claims.

So someone rings for a new quote looking for the cheapest possible premium on a junker.

Looks a bit suspect, don't you think?

Of course there are genuine cases where people aren't bothered about own damage but why take the risk?

zl1whqvjs75cdy

Saul T Nutzz wrote: »

Some insurers wont offer TPO for new business.

From an underwriting point of view its about mitigating potential risks.

Someone rings for a quote for TPO and driving an old car.

The fact is that no matter if the policy is bought fraudulently or not an insurance company will always be on the hook for third party claims.

So someone rings for a new quote looking for the cheapest possible premium on a junker.

Looks a bit suspect, don't you think?

Of course there are genuine cases where people aren't bothered about own damage but why take the risk?

On the other hand why would anyone bother insuring a 16 year old car fully comp? If there is so much as a minor tip in it you know we'll the insurance company will look to write it off for a fraction of the amount paid for it. Why would a customer want fully comp in that case.

Sue Pa Key Pa

Comp cover usually includes breakdown assistance and windscreen cover. Also, if you have a smack in your car, 3rd party only insurance won't cover the cost of the recovery truck to take it off the road

Liam McPoyle

donkeyoaty0099 wrote: »

On the other hand why would anyone bother insuring a 16 year old car fully comp? If there is so much as a minor tip in it you know we'll the insurance company will look to write it off for a fraction of the amount paid for it. Why would a customer want fully comp in that case.

Sure I know, unless it's a cherished car type with substantial value then comp on a 16 year old vehicle is pretty pointless.

TPFT is the minimum insurers should offer though, IMO.

If someone is looking for TPO, for me, with an underwriting hat on, they are looking to spend the minimum, won't give two shiny shytes about the car itself and by extension are less likely to be as cautious on the roads, while parking up etc making them a higher risk. The fact is they don't care about replacing their own car so are less likely (IMO) to care about other peoples cars.

There is also the fact that if someone is going to stage an accident then they will try and spend the minimum to get on the road. TPO on a junker is spending the minimum.

Sam Kade

Saul T Nutzz wrote: »

Sure I know, unless it's a cherished car type with substantial value then comp on a 16 year old vehicle is pretty pointless.

TPFT is the minimum insurers should offer though, IMO.

If someone is looking for TPO, for me, with an underwriting hat on, they are looking to spend the minimum, won't give two shiny shytes about the car itself and by extension are less likely to be as cautious on the roads, while parking up etc making them a higher risk. The fact is they don't care about replacing their own car so are less likely (IMO) to care about other peoples cars.

There is also the fact that if someone is going to stage an accident then they will try and spend the minimum to get on the road. TPO on a junker is spending the minimum.

Some speculating there, the reason I would want third party only is as you say to keep the premium down but also if a car worth €1k-1.5k goes on fire or is stolen I am not going to claim off my insurance to replace it only for the premium to shoot up next year. I don't know how you come to the conclusion that people with third party only are careless drivers. If anything people with TPO would be extra careful drivers because they know they'll have to cover the replacement cost themselves.

Sue Pa Key Pa

Sam Kade wrote: »

I don't know how you come to the conclusion that people with third party only are careless drivers.

That's not what was said. Apart from the cheapest way to stage an accident, the driver looking for the cheapest way to get on the road has been profiled as a problem risk.

cplwhisper

Mentioned above is "'comp cover normally includes breakdown "

Breakdown is actually an additional benefit added to comprehensive cover, it's sold separately but some companies word it as if part of the cover and customers dont read the Terms of Business to clarify same.

laoisfan

Try AXA. I got TPFT on a 1998 Nissan Micra 1 Litre back in March.