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Quotes. Shorter validity now?

  • 10-04-2020 3:14pm
    #1
    PCeeeee
    Registered Users, Registered Users 2 Posts: 1,494 ✭✭✭


    I'm doing my annual shopping and the quotes seem to have much shorter times on them this year.

    Is this a new thing?


Comments

  • #2
    El Gato De Negocios
    Registered Users, Registered Users 2 Posts: 7,330 ✭✭✭El Gato De Negocios


    It varies and is purely a sales technique ie you get a cheaper price than your renewal but the price is only valid for a day/week/whatever you may be more inclined to buy there and then than continue to shop around for fear of losing this cheaper price. I'd be 100% confident that if you got another quote after the initial one had expired you would get an identical (or very near identical) quote.


  • #3
    PCeeeee
    Registered Users, Registered Users 2 Posts: 1,494 ✭✭✭PCeeeee


    Statutory Ape wrote: »
    It varies and is purely a sales technique ie you get a cheaper price than your renewal but the price is only valid for a day/week/whatever you may be more inclined to buy there and then than continue to shop around for fear of losing this cheaper price. I'd be 100% confident that if you got another quote after the initial one had expired you would get an identical (or very near identical) quote.

    Thanks for the reply. I had always heard that the quotes get higher as you approach renewal date. Hopefully as you say that's not the case.


  • #4
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 84,707 ✭✭✭✭Atlantic Dawn
    M


    Yes some I did recently were only for 7-10 days, normally they were around a month or right up to your expiry date.


  • #5
    Eggs For Dinner
    Registered Users, Registered Users 2 Posts: 3,052 ✭✭✭Eggs For Dinner


    It is not uncommon for insurers to advise their distribution channels that rates will be changing on a certain date. Obviously, they cannot guarantee your premium for any period beyond that date.


  • #6
    PCeeeee
    Registered Users, Registered Users 2 Posts: 1,494 ✭✭✭PCeeeee


    Eggs For Dinner wrote: »
    It is not uncommon for insurers to advise their distribution channels that rates will be changing on a certain date. Obviously, they cannot guarantee your premium for any period beyond that date.

    Would this be a regular occurrence or can I infer that this is an unusual event related to Covid?


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  • #7
    Eggs For Dinner
    Registered Users, Registered Users 2 Posts: 3,052 ✭✭✭Eggs For Dinner


    PCeeeee wrote: »
    Would this be a regular occurrence or can I infer that this is an unusual event related to Covid?

    Since God was a child


  • #8
    PCeeeee
    Registered Users, Registered Users 2 Posts: 1,494 ✭✭✭PCeeeee


    Eggs For Dinner wrote: »
    Since God was a child

    Thanks Eggs.


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