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Added named driver halfway through the year

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  • 13-04-2018 2:39pm
    #1
    colbarr
    Registered Users Posts: 163 ✭✭


    Hi, I'm with AXA Insurance.

    I added the missus as a named driver to my policy (€1700 by myself) at about half way through my insurance year. I was told it would increase my premium by €800 so I took it that her insurance for the whole year was €1600. Would I be right in saying that?
    Anyway, that bumped up my monthly installments by €200 to €360 per month. I checked my policy statement today and noted that my premium was just shy of €2500 and that I have paid the full amount for the year.

    My question is, if my policy statement says my premium for the year is €2500 (For the both of us) should I have been charged the full amount even though she wasn't on it for the full year, or is the €2500 reflecting my full year and her half a year?

    Cheers,
    Colin.


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  • Options
    #2
    colm_mcm
    Registered Users Posts: 73,396 ✭✭✭✭colm_mcm


    colbarr wrote: »
    Hi, I'm with AXA Insurance.

    I added the missus as a named driver to my policy (€1700 by myself) at about half way through my insurance year. I was told it would increase my premium by €800 so I took it that her insurance for the whole year was €1600. Would I be right in saying that?
    Anyway, that bumped up my monthly installments by €200 to €360 per month. I checked my policy statement today and noted that my premium was just shy of €2500 and that I have paid the full amount for the year.

    My question is, if my policy statement says my premium for the year is €2500 (For the both of us) should I have been charged the full amount even though she wasn't on it for the full year, or is the €2500 reflecting my full year and her half a year?

    Cheers,
    Colin.
    €1700+€800 = €2500

    €160 x 6 = €960
    €160 x 5 = €800

    I’d assume had she be on it for the year it might be €3620. You’d hope a better premium than that could be got next time.


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