Insurance pay back after passing full test.

Hollister11

Hi I'm looking to get insured as a named driver with a provisional licence. If I pass my test during the period I'm insured as a provisional driver, will I get a back payment of the insurance company, or even credit on my account for the following year, My quote on a provisional is 2700 while with a full it's 1700

exaisle

I'm not sure, but if the answer is "no" you have the option of cancelling the policy and starting off a new one...

The other thing that occurs to me is that after you pass your test, you're still a Novice driver and presumably constitute a higher risk than somebody who's had their licence for a few years.

laylag

I work in insurance. If you pass your test a pro rata refund will be issued to the policyholder if you pass depending on when you pass. It's the same as taking a policy out on a high engine size car and then change to a 1 litre car mid term.

Sue Pa Key Pa

laylag wrote: »

I work in insurance. If you pass your test a pro rata refund will be issued to the policyholder if you pass depending on when you pass. It's the same as taking a policy out on a high engine size car and then change to a 1 litre car mid term.

Not all insurers will give a refund, check with the policyholder's company

irishfemme

Well, I was with 1st Ireland when I passed and got my full license, I didn't get any discount or refund, they asked for me to basically start again and the difference in price wasn't much. I had a provisional for 8 years.
I paid €700 Last year and got a quote of €1050 this year from first ireland, I tried to get a quote from bank of ireland, they asked me to pay €1000, they said as I have had the full license for 1 year, I am still seen as a novice, even though my no claims is 4 years, also my car is a Japanese Yaris/vitz...

newacc2015

Sue Pa Key Pa wrote: »

Not all insurers will give a refund, check with the policyholder's company

+1. I heard of certain insurer willing to to give you back 10% of the difference between a full and provisional license. Where as another insurer who is slated for having horrific customer service and being impossible to deal with others you back the entire difference no questions asked

nibtrix

I recently tried to get a pro-rata payback on my insurance - the policy was set up with both myself and my husband as learner drivers with zero previous insurance or experience, so obviously we paid quite a lot!

We both passed the test within a couple of weeks of each other, I submitted a copy of the new licences only to be told "Unfortunately as the policy set up with more than 1 provisional licence drivers this resulted in a very small loading".

This makes zero sense to me, surely with two learners we paid twice the loading?!? Anyone have any advice or opinions?

Liam McPoyle

nibtrix wrote: »

I recently tried to get a pro-rata payback on my insurance - the policy was set up with both myself and my husband as learner drivers with zero previous insurance or experience, so obviously we paid quite a lot!

We both passed the test within a couple of weeks of each other, I submitted a copy of the new licences only to be told "Unfortunately as the policy set up with more than 1 provisional licence drivers this resulted in a very small loading".

This makes zero sense to me, surely with two learners we paid twice the loading?!? Anyone have any advice or opinions?

The highest risk driver gets the loading.

For example, if you had 3 kids on the policy, a 17,18 and 19 year old, all with provisional licences, the 17 year old would be loaded and the others would be charged the same as a regular driver.

nibtrix

Saul T Nutzz wrote: »

The highest risk driver gets the loading.

For example, if you had 3 kids on the policy, a 17,18 and 19 year old, all with provisional licences, the 17 year old would be loaded and the others would be charged the same as a regular driver.

That's weird, I would expect all learner drivers to have a loading versus a fully licenced driver. The more you know...

Liam McPoyle

nibtrix wrote: »

That's weird, I would expect all learner drivers to have a loading versus a fully licenced driver. The more you know...

Its based on the theory that only one person can drive a car at a time hence the highest risk driver gets loaded.

nibtrix

Saul T Nutzz wrote: »

Its based on the theory that only one person can drive a car at a time hence the highest risk driver gets loaded.

That makes sense, in an insurance industry kind of way. Presumably though there would have been a loading on one of us, probably my husband as although we're the same age with the same lack of experience, he's a man so much more likely to smash up the car <end sarcasm>. I just don't understand how they can claim there is no rebate at all when we have both passed the test. I mean we paid €2800 for a year of insurance as two learner drivers, and both passed the test before 8 months were up. If they said "read the policy guide, there is no rebate" then fine, but they're trying to claim there's only no refund as there was two of us in the same situation.