Getting insurance from a UK company?

WhoWhatWhere

Just wondering if this is at all possible. Quotes for a first time driver in Ireland is over 4k or a no quote. uk companies the cheapest I got was 530 pound.

21 year old male
Learner permit less than 1 year
0 NCD
No penalty points (obviously)
And 12 lessons complete!!

Edit: since I've never gotten insurance before what kinds of things raise the premium?

I know the cheapest policy is third party. And the lower engine size also contributes, so it's cheaper to insure a 1.0litre than a 1.2, 1.4, etc. Full licence is cheaper than having learner permit, but what else affects it?

Stoolbend

This isn't a new thing. I paid £3080 in 2001 with full licence.

That's €3800.

WhoWhatWhere

Stoolbend wrote: »

This isn't a new thing. I paid £3080 in 2001 with full licence.

That's €3800.

Okay? That doesn't answer my question?

Liam McPoyle

WhoWhatWhere wrote: »

Just wondering if this is at all possible. Quotes for a first time driver in Ireland is over 4k or a no quote. uk companies the cheapest I got was 530 pound.

21 year old male
Learner permit less than 1 year
0 NCD
No penalty points (obviously)
And 12 lessons complete!!

Edit: since I've never gotten insurance before what kinds of things raise the premium?

I know the cheapest policy is third party. And the lower engine size also contributes, so it's cheaper to insure a 1.0litre than a 1.2, 1.4, etc. Full licence is cheaper than having learner permit, but what else affects it?

Its technically possible but I'd say its wholly unlikely that a uk insurer will insure a non uk resident.

Best bet is to ring a brokers in Northern Ireland and see what they say but i wouldn't expect anything tbh.

The fact of the matter is you are in the highest risk category. Have you tried boxymo?

They seem to be the best priced for first time drivers.

Del2005

According to EU laws any insurance company in the EU can offer a policy in any other EU country. The fact that no company from another EU country is willing to offer a policy in one of the most expensive countries for insurance in the EU shows how bad our insurance business is. I read a story about a large insurance company returning its licence without ever offering a policy, unfortunately I can't remember the name so can't find the story.

Skatedude

On paper, it's possible. In reality, it's pretty much impossible. You generally need to be a resident of the UK, or spending months or more at a time in the UK.

As for the quote you got, Thats not unreasonable for a first timer. Sad but true.

WhoWhatWhere

Skatedude wrote: »

On paper, it's possible. In reality, it's pretty much impossible. You generally need to be a resident of the UK, or spending months or more at a time in the UK.

As for the quote you got, Thats not unreasonable for a first timer. Sad but true.

So first time drivers in the UK are safer, yes?

CardinalJ

Del2005 wrote: »

According to EU laws any insurance company in the EU can offer a policy in any other EU country. The fact that no company from another EU country is willing to offer a policy in one of the most expensive countries for insurance in the EU shows how bad our insurance business is. I read a story about a large insurance company returning its licence without ever offering a policy, unfortunately I can't remember the name so can't find the story.

It was AmTrust.

Story here

The problem with the MIBI/Setanta ruling is that if any other firm goes bust the others now have to pay for it. I don't know why any company would want to risk entering that market.

Walter2016

WhoWhatWhere wrote: »

Just wondering if this is at all possible. Quotes for a first time driver in Ireland is over 4k or a no quote. uk companies the cheapest I got was 530 pound.?

In the UK they are extremely strict on those on provisional licences use cars.

You have to have a driver age over 21 with full licence for 3 years accompanying you. If not, and you get stopped, you go no futher and get up to 6 points.

Here, they don't enforce the accompanying rules structly which means a lot of crashes involving young people and relevant high insurance.

One option is that a driving school you use may have a deal with an insurance broker that could give a reasonable price.

Btw - £2100 in 1986 and that would have been about 5 months rent of a 3 bed house in Blackrock!!!!

WhoWhatWhere

Walter2016 wrote: »

In the UK they are extremely strict on those on provisional licences use cars.

You have to have a driver age over 21 with full licence for 3 years accompanying you. If not, and you get stopped, you go no futher and get up to 6 points.

Here, they don't enforce the accompanying rules structly which means a lot of crashes involving young people and relevant high insurance.

One option is that a driving school you use may have a deal with an insurance broker that could give a reasonable price.

Btw - £2100 in 1986 and that would have been about 5 months rent of a 3 bed house in Blackrock!!!!

The 4k quote is 8 months rent for me right now. I want to drive but I can't afford it!! It might not even drop in a year leaving me stuck again next year. All I hear is premiums are rising even for well experienced drivers, some going up by a 1/3 a year like how is anyone supposed to do it?

Walter2016

WhoWhatWhere wrote: »

The 4k quote is 8 months rent for me right now. I want to drive but I can't afford it!! It might not even drop in a year leaving me stuck again next year. All I hear is premiums are rising even for well experienced drivers, some going up by a 1/3 a year like how is anyone supposed to do it?

What I and other posters are saying is that young driver insurance has always been expensive.

I reckon your uk quote is incorrect somehow as average under 25 insurance in uk is almost £2000. Generally there is not a huge difference between there and here.

Go to a broker, possibly add a parent as a named driver - this can drop the quote by 25% in some cases.

Axa will refund part of premium if you get licence during insurance period too.

Btw - I'm 50, no points, 32 years claim free and paying less than €500 for fully comp - so it will get cheaper

Atlantic Dawn

Just say you can get the cover, what will happen with the insurance disc? It's a legal requirement here to display one.

cplwhisper

WhoWhatWhere wrote: »

Just wondering if this is at all possible. Quotes for a first time driver in Ireland is over 4k or a no quote. uk companies the cheapest I got was 530 pound.

21 year old male
Learner permit less than 1 year
0 NCD
No penalty points (obviously)
And 12 lessons complete!!

Edit: since I've never gotten insurance before what kinds of things raise the premium?

I know the cheapest policy is third party. And the lower engine size also contributes, so it's cheaper to insure a 1.0litre than a 1.2, 1.4, etc. Full licence is cheaper than having learner permit, but what else affects it?

-Age,
-area u live,
-occup
-the obvious no PP doesn't always happen- seen 5pp on a learner permit only last Thursday as client was 'knowingly carried in stolen car',
-Class of use.
-if you are working but no full licence family/friend to occumpany you to work so your licence T&C are complied with,
- car brand sometimes more-so that engine
size.
- edt complete or not 1 lesson done
- cover/benefits you want covered
- prior declines

List not exhausted ....

WhoWhatWhere

Area I live in?

Sam Kade

Stoolbend wrote: »

This isn't a new thing. I paid £3080 in 2001 with full licence.

That's €3800.

No it's €3,911.60 to be exact.

cplwhisper

WhoWhatWhere wrote: »

Area I live in?

Sure there's roughly 24 areas in Dublin.
Galway city differs from Galway county.
Cork, limerick and many big city's have different rate areas.

WhoWhatWhere

cplwhisper wrote: »

Sure there's roughly 24 areas in Dublin.
Galway city differs from Galway county.
Cork, limerick and many big city's have different rate areas.

I don't live in Dublin. I live in Wexford. What's it to do with?

newacc2015

Del2005 wrote: »

According to EU laws any insurance company in the EU can offer a policy in any other EU country. The fact that no company from another EU country is willing to offer a policy in one of the most expensive countries for insurance in the EU shows how bad our insurance business is. I read a story about a large insurance company returning its licence without ever offering a policy, unfortunately I can't remember the name so can't find the story.

Most of insurance in Ireland is actually underwritten in the UK ie if you phone a broker in Ireland and ask for car insurance, more than likely they are buying it from the UK. Why would a multi-billion UK under writer go to the effort of marketing, dealing with credit management etc to sell insurance directly to customers here when they are selling most insurance already?

Our insurance might be expensive, but it isnt profitable for most companies. Insurers generally rely on investment income to cover some of the cost of claims. But most investments like bonds are not returning any income

OP have you tried coverinaclick.ie? They are quite reasonable. Also try sticking your parents the policy as named drivers to reduce the cost

cplwhisper

WhoWhatWhere wrote: »

cplwhisper wrote: »

Sure there's roughly 24 areas in Dublin.
Galway city differs from Galway county.
Cork, limerick and many big city's have different rate areas.

I don't live in Dublin. I live in Wexford. What's it to do with?

Each rating area is based in frequency of claims, settlement cost, number of fraudulent cases detected that may be claims but could simply be fronting, not declaring mods or actual jobs, or class of use non disclosure