AIG motor insurance - COVID 19 refunds

travellingbid

Hi
Has anyone who is insured with AIG directly had a part refund or communication from them? Thanks

blueser

I'm with them, and no, I've not heard anything from them. I tweeted them, but I'm not expecting to hear anything back.

According to this...

https://www.independent.ie/business/personal-finance/majority-of-motor-insurers-to-offer-refunds-after-government-pressure-39156083.html

... we're not going to get any refund either. AIG "understood" to be offering lower premiums. Riiight.

bennyx_o

I'm with AIG through An Post - An Posts website has FAQs and it says this about AIG:

AIG has advised that they will not be issuing policy rebates at this time. They have indicated though, that in addition to measures already implemented to support customers through COVID-19 (which include priority repairs, free breakdown service and courtesy car for HSE and frontline professionals), if the current lull in traffic volumes does generate savings on expected claims, savings will be passed on through price reductions for future car policies, which includes a competitive quote at renewal.

coylemj

..... if the current lull in traffic volumes does generate savings on expected claims, savings will be passed on through price reductions for future car policies, which includes a competitive quote at renewal.

So what they're saying is that they're going to use the reduction in claims to subsidise lower premiums in order to attract new business.

horsebox7

coylemj wrote: »

So what they're saying is that they're going to use the reduction in claims to subsidise lower premiums in order to attract new business.

I got a €30 one for all gift voucher from 123.ie motor insurance. Policy underwritten by RSA. Not a large part refund.

El Gato De Negocios

Around the €30 seems to the magic number for insurers giving rebates, FBD I believe gave €35 O4A vouchers to all motor customers.

horsebox7

Statutory Ape wrote: »

Around the €30 seems to the magic number for insurers giving rebates, FBD I believe gave €35 O4A vouchers to all motor customers.

I see. Not really a whole lot in 30/35.

travellingbid

I’ve looked into this a bit more and as per poster above they’re going to pass it on via reduced Premiums. Considering that I’ve been with them for four years, in excess of 10 years no claims bonus and my policy still goes up every year, I wouldn’t hold my breath on a reduced price come my renewal in July.

coylemj

It just occurred to me that I have an annual excess policy (renewed in Feb. last) with AIG for car rental. Won't hold my breath for a rebate.

blueser

blueser wrote: »

I'm with them, and no, I've not heard anything from them. I tweeted them, but I'm not expecting to hear anything back.

According to this...

https://www.independent.ie/business/personal-finance/majority-of-motor-insurers-to-offer-refunds-after-government-pressure-39156083.html

... we're not going to get any refund either. AIG "understood" to be offering lower premiums. Riiight.

Surprise surprise, they haven't replied.

El Gato De Negocios

horsebox7 wrote: »

I see. Not really a whole lot in 30/35.

I'd imagine that figure was arrived at by calculating 5% of the average premium paid.

Royal Legend

What is the story with the Axa rebates? got correspondence a few weeks ago but still nothing else, or cannot find any links on their website