Rip off insurance

firstlight

Just got a quote
Was with liberty insurance 3 years ago with a policy of 550 for year
1.9tdi Car 2002

Just quoted for a different 1.9tdi car 2002 again
10 Years no claims
10 years full licence

They were delighted to offer me a tastey policy of €2677.98

Tryed over 25s too and they said their underwriters dont insure cars over 15 years old with a VALID NCT

tanko

Have you tried Allianz or Axa?

firstlight

tanko wrote: »

Have you tried Allianz or Axa?

No not tryed either yet
I tryed AXA last year and they came back with a stupid price aswell

I tryed myself on the mothers 07 1.4 vw golf and it came back as 760 euro with allianz

Dont have the money to be buying new cars though when i have a perfect car with nct and doesnt give any bother

Henry Ford III

As always, shop around.

MugMugs

You clearly don't fit their demographic. So move onto an insurer who wants you. It's really quite simple. I used to buy my briquettes from the garage down the road. Aldi are doing them for less so now I buy from them. Must start a thread about that.

OldMrBrennan83

This post has been deleted.

NATLOR

firstlight wrote: »

Just got a quote
Was with liberty insurance 3 years ago with a policy of 550 for year
1.9tdi Car 2002

Just quoted for a different 1.9tdi car 2002 again
10 Years no claims
10 years full licence

They were delighted to offer me a tastey policy of €2677.98

Tryed over 25s too and they said their underwriters dont insure cars over 15 years old with a VALID NCT

Have you been off the road for 3 years?

blade1

Patww79 wrote: »

This post has been deleted.

I give a day every year getting quotes with the last 10 years and change to new insurer everytime.
There is always one that gives it to me for around €400.
This time it was Aviva at €410 for fully comp on an IS300.

MugMugs

Patww79 wrote: »

Nearly all the companies will have set out the prices between each other, so there's never much point in shopping around when it comes to insurance.

Ah, the good old conspiracy theory. Why bother with shed loads of industry information and actuarys when they can all sit around smoking fat cigars and pulling figures out of their asses! You should set up an insurance company, charge me 100 quid for the first year and employing your logic, I'll not bother shopping around anywhere else because, what's the point?

Bravo sir! Do you comment on Journal.ie articles with "burn the bondholders" and "what about the homeless?"

jay1988

Patww79 wrote: »

Nearly all the companies will have set out the prices between each other, so there's never much point in shopping around when it comes to insurance.

That's just blatantly untrue, there is multiple examples on this forum of people getting much cheaper quotes after doing a bit of shopping around.

OldMrBrennan83

This post has been deleted.

Owryan

What was your quote from last year?

scamalert

I guess what OP was saying its plain stupid to quote based on cars age, if its got valid nct. I dont get this logic either why one has to be pushed to buy new when you can get 10-15 yr old car that will serve you right. most plastic boxes nowadays crash way harder then some older cars, and until one is road worthy why the age of vehicle should matter.

Its ridiculous that each year one has to go trough trouble spending day to shop around for quotes, since its true most companies pull their numbers out of their a$$ nowadays.

MugMugs

Patww79 wrote: »

The can be variances, but they do conspire together overall to keep prices high.

Some insurers want to target young drivers because they've got enough of a profile built for these drivers and that's their target market. Some insurers want the older client and have the information to back such a target. Some insurers want a broad share of the pool.

There's no conspiracy, it's just down to their target client / information base and ultimately, their marketing.

jay1988

Patww79 wrote: »

The can be variances, but they do conspire together overall to keep prices high.

Any proof to back up this accusation?

MugMugs

jay1988 wrote: »

Any proof to back up this accusation?

Lad down the pub is NEVER wrong. Surely you're not asking for actual facts?

OldMrBrennan83

This post has been deleted.

Liam McPoyle

Patww79 wrote: »

The can be variances, but they do conspire together overall to keep prices high.

You are wrong.

Not only are you wrong, you are very wrong.

Not only are you very wrong, you are very very wrong.

firstlight

Not of the road 3 years no
Been with allianz through 3 different brokers the last 3 years
Last year's quote was 1165 cash up front
Other quotes were over 2000
The point I was making is if you are poor and can't buy a new car you need to get the Vaseline out
What makes it worse is I am a so called professional driver with Cpc card who has a BCDE licence

I know people starting out getting cheaper quotes

What's the logic in that

Tell me please the logic behind it

Sorry I am shopping around,most won't even quote me and some are coming back the price of a 7 or 8 year old car

firstlight

scamalert wrote: »

I guess what OP was saying its plain stupid to quote based on cars age, if its got valid nct. I dont get this logic either why one has to be pushed to buy new when you can get 10-15 yr old car that will serve you right. most plastic boxes nowadays crash way harder then some older cars, and until one is road worthy why the age of vehicle should matter.

Its ridiculous that each year one has to go trough trouble spending day to shop around for quotes, since its true most companies pull their numbers out of their a$$ nowadays.

Exactly what I am saying
Most u spend an hour on phone to be told insane quotes

colm_mcm

Their logic is based on statistics. The biggest payouts go on personal injury claims.

firstlight

MugMugs wrote: »

You clearly don't fit their demographic. So move onto an insurer who wants you. It's really quite simple. I used to buy my briquettes from the garage down the road. Aldi are doing them for less so now I buy from them. Must start a thread about that.

If only insurance was as easy as buying briquettes.thanks though for that lovely piece of information
What happens when u don't fall inside anyone's demographic?

Move country?????

firstlight

colm_mcm wrote: »

Their logic is based on statistics. The biggest payouts go on personal injury claims.

Statistics lovely
So a new driver in a 2018 car is more of a safe bet than someone with 10 year experience and Sat 4 seperate driving tests
Their logic is extract as much cash as they can from your pockets
So no claims bonus is a load of boli*

colm_mcm

firstlight wrote: »

Statistics lovely
So a new driver in a 2018 car is more of a safe bet than someone with 10 year experience and Sat 4 seperate driving tests
Their logic is extract as much cash as they can from your pockets
So no claims bonus is a load of boli*

You’ll find those involved in fraudulent claims don’t buy new cars until after they get their payout.

It’s not fair, but a lot of things aren’t.

Fanny Wank

firstlight wrote: »

Statistics lovely
So a new driver in a 2018 car is more of a safe bet than someone with 10 year experience and Sat 4 seperate driving tests
Their logic is extract as much cash as they can from your pockets
So no claims bonus is a load of boli*

Read up how a generalised linear model works. They attempt to isolate the effect of each variable in their pricing model (albeit with some interactions).

Fanny Wank

Patww79 wrote: »

The can be variances, but they do conspire together overall to keep prices high.

If you have proof of that you should complain. Start with the Guards maybe?

In any case define "high"?

Fanny Wank

Fanny **** wrote: »

Read up how a generalised linear model works. They attempt to isolate the effect of each variable in their pricing model (albeit with some interactions).

Good reference attached

Galadriel

About 12 of the top insurers won't even quote me for my 19 year old car, it's NCT'd every year, it's annoying but so far I have been lucky in that my current insurer hasn't upped the price by more then a couple of hundred in the past few years.

jaxxx

I tried Libery for a quote about 2/3 years ago I think. Car was about 10 years old, 1.4 ltr petrol. I had 7+ years no claims. Every other insurance company varied between €800 - €1300. Liberty? €3500. Needless to say I've never bothered with them since.

Truckermal

Did you try the AA I paid 400 last year on a 2005 3.0l Lexus, my renewal was 900 allright but i played hardball over a few phone calls and emails.

MugMugs

firstlight wrote: »

If only insurance was as easy as buying briquettes.thanks though for that lovely piece of information
What happens when u don't fall inside anyone's demographic?

Move country?????

Maybe you should

Or you could just call a broker and get them to do all the dirty work for you. Or maybe you could even call two...... or go wild and call four! Unless you're a 17 year old, drunk driving speeding moron in a certified wreck, you're going to hit somebodys radar.

Or you could just come on here and bitch and moan with the "poor me" babble.