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.

Owryan

I've always found liberty quotes out of whack with others I be gotten.

My renewal this year for an 07 1.4 ford focus fully comp was 540. Most quotes I got were between 7-800. Liberty wanted 1900.

kaymin

jay1988 wrote: »

Any proof to back up this accusation?

https://www.google.ie/amp/s/www.rte.ie/amp/887661/

The investigation has yet to be completed but they're just investigating what every reasonable person knows has been happening for a long time.

Liam McPoyle

kaymin wrote: »

https://www.google.ie/amp/s/www.rte.ie/amp/887661/

The investigation has yet to be completed but they're just investigating what every reasonable person knows has been happening for a long time.

Those raids focused on insurance brokers and was primarily concerned with motor fleet for haulage.

Insurance brokers do not set rates or premiums.

kaymin

Business Cat wrote: »

Those raids focused on insurance brokers and was primarily concerned with motor fleet for haulage.

Insurance brokers do not set rates or premiums.

That's not correct. In fact the article specifically states:

'However, Brokers Ireland, which represents around 1,200 insurance brokers across the country says none of its members have reported any raids today.'

Also Fiona Muldoon was quoted as saying FBD no longer announces price changes for fear it could be perceived as encouraging competitors to do likewise.

Liam McPoyle

kaymin wrote: »

That's not correct. In fact the article specifically states:

'However, Brokers Ireland, which represents around 1,200 insurance brokers across the country says none of its members have reported any raids today.'

Also Fiona Muldoon was quoted as saying FBD no longer announces price changes for fear it could be perceived as encouraging competitors to do likewise.

I've worked in the insurance industry for almost a decade.

I personally know and have spoken to people that also work in the insurance industry whose offices were raided.

So who do I believe?

You, or myself.

Bit of a conundrum that one.

kaymin

Business Cat wrote: »

I've worked in the insurance industry for almost a decade.

I personally know and have spoken to people that also work in the insurance industry whose offices were raided.

So who do I believe?

You, or myself.

Bit of a conundrum that one.

Believe what you want.

Here's Fiona talking about motor premiums and the anti competition probe.

https://www.google.ie/amp/s/www.irishtimes.com/business/financial-services/fbd-chief-fiona-muldoon-driving-the-insurer-into-a-new-age-1.2995321%3fmode=amp

Also the article referred to above which you clearly haven't read is titled 'irish-based motor insurers raided by EU Commission'. The first paragraph is:

'The European Commission has carried out unannounced inspections at the offices of a number of Irish-based insurance providers as part of an investigation into alleged price fixing relating to motor insurance premiums.'

You and your colleagues are mis-informed.

Also you have stated the investigation is focusing on brokers and brokers don't actually set the premiums. So what do the competition authorities hope to achieve investigating brokers?

Gonad

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 not true

I am with liberty insurance . Mine was little over 1000 last year . Was getting quotes of 3000 -4000 of some other companies. Always shop around

Liam McPoyle

kaymin wrote: »

Believe what you want.

Here's Fiona talking about motor premiums and the anti competition probe.

https://www.google.ie/amp/s/www.irishtimes.com/business/financial-services/fbd-chief-fiona-muldoon-driving-the-insurer-into-a-new-age-1.2995321%3fmode=amp

Also the article referred to above which you clearly haven't read is titled 'irish-based motor insurers raided by EU Commission'. The first paragraph is:

'The European Commission has carried out unannounced inspections at the offices of a number of Irish-based insurance providers as part of an investigation into alleged price fixing relating to motor insurance premiums.'

You and your colleagues are mis-informed.

Also you have stated the investigation is focusing on brokers and brokers don't actually set the premiums. So what do the competition authorities hope to achieve investigating brokers?

So people that were working in some of the offices that were raided are misinformed?

But you, with zero knowledge other than what Google tells you, should be believed?

On that unfathomably stupid notion I'll leave it there.

kaymin

Business Cat wrote: »

So people that were working in some of the offices that were raided are misinformed?

But you, with zero knowledge other than what Google tells you, should be believed?

On that unfathomably stupid notion I'll leave it there.

You know nothing about my background. Why don't you answer the question I asked? - I'd say you're afraid of the answer!

From the CCPC:

CCPC issues summonses to motor insurance providers

The Competition and Consumer Protection Commission (CCPC) has today issued witness summonses and information requests to major motor insurance providers and industry groups representing insurers and brokers.

The CCPC is currently investigating suspected breaches of competition law in the motor insurance sector. The investigation relates to industry participants openly signalling up-coming increases in motor insurance premiums in the State.

According to Isolde Goggin, CCPC Chairperson, “Markets work best where businesses vigorously and independently compete against each other for customers. Statements signalling future pricing predictions or intentions may result in a degree of unspoken coordination, which may breach competition law. Statements by senior industry players have raised serious suspicion as to whether there is a link between these messages and subsequent price increases. The evidence collected through both the witness summonses and the information requests will assist us in establishing whether there has been a breach of competition law.

The CCPC has been monitoring the motor insurance industry and we know from our contacts with consumers that the sharp rise in motor insurance premiums has had a significant impact on them. We continue to closely monitor developments and will, if necessary, take action to stop specific anti-competitive practices in the motor insurance sector.

If anyone believes they have evidence of a breach of competition law in the motor insurance sector we would ask them to contact the CCPC.”

Fanny Wank

kaymin wrote: »

If anyone believes they have evidence of a breach of competition law in the motor insurance sector we would ask them to contact the CCPC.

I've posted similar on here many, many times. However I think they're looking for actual evidence not hearsay, speculation and sh!te you heard from someone in the pub

While they're at it maybe investigate petrol retailers, you often hear them flag future price increases when the cost of oil increases

firstlight

Sorry i havent been online in a few days
Still quoting around for insurance
Nearly 2400 From axa latest one
Spoke to fella on the phone and he basically told me i should buy a new car
He said the insurance companies are looking into this
Like i believe that
Will let you know as soon as i get something sorted
Will keep updating

Cheers for input

firstlight

AXA MotorFirst Standard
Total: €2038.04
More Details
AXA MotorFirst Plus
Total: €2090.54
More Details
KennCo Unique
Total: €2980.03
More Details
ARB Elite
Total: €4871.15
More Details
ARB - Non-Standard Private Car
Total: €5774.22

Few more quotes,Getting more tastey

firstlight

Well to close this thread
I was able to get my car insured,although it was a much cheaper quote than most i still feel it is way way way to expensive
I can say that Gallivan Murphy Hooper Dolan Insurances were the cheapest by miles
So if your struggling chance them,its up to you

1175 Euro Through Allianz insurance my 3rd year with this company
Thanks for any feedback received

dr.fuzzenstein

firstlight wrote: »

Well to close this thread
I was able to get my car insured,although it was a much cheaper quote than most i still feel it is way way way to expensive
I can say that Gallivan Murphy Hooper Dolan Insurances were the cheapest by miles
So if your struggling chance them,its up to you

1175 Euro Through Allianz insurance my 3rd year with this company
Thanks for any feedback received

Every now and then the insurance companies decide to put the names of a few blameless drivers in a hat and pull a few. It is important that these are drivers had no accidents or claims over at least 5 years and there has to be absolutely no change in circumstances.
Those then get put on a sh*t & giggle list, i.e. their premium gets quadrupled for no reason whatsoever.
This gets shared around between all insurers, to make sure that person recieves consistently high quotes no matter who they call.
They then record the increasingly frantic and bewildered calls from the customer and listen to them at the christmas party.
Funniest call wins a prize, double if the customer starts crying.
This is standard insurance practice in Ireland.