Insurance Renewal.

Sir Galahad

Well here we go again .
2005 R1150 GS Adventure.
59 year old rider with full licence for 30 years and full ten year plus NCB.

Principal fully comp €375

Carole Nash fully comp €313

Liberty full comp €383

Currently insured with Principal so waiting for a return call with a "premium review".

Sir Galahad

So Principal has dropped premium to €300 and I’d call that a good return on a €00.20 cent phone call.

Nozebleed

Sir Galahad wrote: »

So Principal has dropped premium to €300 and I’d call that a good return on a €00.20 cent phone call.

im with principal. gor my renewal in the postm €402..having paid 360 last year. wasnt impressed. rang up said id be happy to pay 250 and pay immedietely 6 weeks in advance. theybcame back with 280..fully comp. cant complain. progress on last year.

enrique66_35

Although I say well done on getting a few quid off, its still frustrating that insurance companies carry on this way just throwing out numbers hoping you'll just pay without question (as many do) and then regularly reduce the price when challenged. It's dishonest and a reflection of how badly regulated the industry is.

IrishGrimReaper

Nozebleed wrote: »

im with principal. gor my renewal in the postm €402..having paid 360 last year. wasnt impressed. rang up said id be happy to pay 250 and pay immedietely 6 weeks in advance. theybcame back with 280..fully comp. cant complain. progress on last year.

Out of curiosity on the €402 one you got in the post what was the breakdown of the cost? it should be stated on the letter.

What was the premium and if any what was the broking fee/ professional fee as some of them call it?

Sir Galahad

IrishGrimReaper wrote: »

Out of curiosity on the €402 one you got in the post what was the breakdown of the cost? it should be stated on the letter.

What was the premium and if any what was the broking fee/ professional fee as some of them call it?

Carol Nashe admitted €80 was their broker fee. I then asked them if they get commission from AXA and they confirmed they did. So next I asked why was the broker fee being charged if they were getting remuneration from the insurer . The poor young fellow had no idea how to answer. I’m waiting for a call back from a supervisor

Henry Ford III

Sir Galahad wrote: »

Carol Nashe admitted €80 was their broker fee. I then asked them if they get commission from AXA and they confirmed they did. So next I asked why was the broker fee being charged if they were getting remuneration from the insurer . The poor young fellow had no idea how to answer. I’m waiting for a call back from a supervisor

They get both

MojoMaker

There's no need to wait for a call back from a supervisor, just ask to have the fee removed. I have never heard of an occasion where they refuse to do so when asked.

Nobody pays the broker fee. Jesus.

Hotblack Desiato

Sir Galahad wrote: »

So Principal has dropped premium to €300 and I’d call that a good return on a €00.20 cent phone call.

Nice one. I had similar this year but the other way around, was with CN, got a cheaper quote from P and CN matched it. All with the same underwriter and the same basic premium, the reduction of about €80 IIRC was from CN cutting their broker fee.

TheQ_Man

AXA being typical w@nkers

Sir Galahad

TheQ_Man wrote: »

AXA being typical w@nkers

What type of bike ? Your age ? etc etc etc It say's 6 wheel discount available, have you a car and bike on it ? So many questions :D:D.

TheQ_Man

Sir Galahad wrote: »

What type of bike ? Your age ? etc etc etc It say's 6 wheel discount available, have you a car and bike on it ? So many questions :D:D.

I’m 36

4 bikes
3 years NCD
Full licence 2 years
Grade 2 Rider assessment as well

CN quoted me €388 fully comprehensive for the same bikes.

My car is a 7 seater family wagon. The insurance on that is €680

blade1

Carole Nash added 180 to my renewal quote when I rang to add 2 points.
I said 2 points can't add 180.
She said it doesn't but there was a discount included in my renewal which I lose.
Good luck so!!
I had 17 years no claims bonus with them.

LillySV

Rang Carole nash to try and see if could lower my €323 renewal offer ... I had 3 points that had now expired but unfortunately I had got 3 more ... but either way... same situation ... over 10 years no claims, 3 points... they brought the renewal quote up to over 400 and blamed it on penalty points ... they eventually agreed to drop it to 375 but I said i wasn’t paying that for a bike I don’t drive more than twice in the previous year due to Covid. Left it lie over last two weeks, rang principal the other nite and they offering €321, the whole time they were super professional and really helpful . Rang back Carole nash to see if they had woken up as I’ve been their customer for most of the last decade ... got a lad with no interests in call .... said he had to go through quite again as previous quote expired...spent over 20 mins on call.. then he couldn’t find my eircode and bang.. phone dropped! He had confirmed my phone no and email in the 20 mins previously so waited for 5 mins... no call!! Rang back and got a lovely lady.... told her what happened and said I’d spent over 10 -20 mins on line already and not going through it again... find that lad that rang me as I’m not letting him away ... poor girl went on and off call afew times and then came back and said he had system error and lost everything!!!! She was nice in fairness but had to spend another 20 mins to go through quote again ... and it was now 435 or something ... I laughed and quoted principal quote.. eventually best she could do was 395, 20 quid more than the quote I got two weeks ago!!!

Anyways needless to say I’m going with principal ... Carole Nash have lost a long time customer ... and made it clear they don’t give a damn

blade1

LillySV wrote: »

Rang Carole nash to try and see if could lower my €323 renewal offer ... I had 3 points that had now expired but unfortunately I had got 3 more ... but either way... same situation ... over 10 years no claims, 3 points... they brought the renewal quote up to over 400 and blamed it on penalty points ... they eventually agreed to drop it to 375 but I said i wasn’t paying that for a bike I don’t drive more than twice in the previous year due to Covid. Left it lie over last two weeks, rang principal the other nite and they offering €321, the whole time they were super professional and really helpful . Rang back Carole nash to see if they had woken up as I’ve been their customer for most of the last decade ... got a lad with no interests in call .... said he had to go through quite again as previous quote expired...spent over 20 mins on call.. then he couldn’t find my eircode and bang.. phone dropped! He had confirmed my phone no and email in the 20 mins previously so waited for 5 mins... no call!! Rang back and got a lovely lady.... told her what happened and said I’d spent over 10 -20 mins on line already and not going through it again... find that lad that rang me as I’m not letting him away ... poor girl went on and off call afew times and then came back and said he had system error and lost everything!!!! She was nice in fairness but had to spend another 20 mins to go through quote again ... and it was now 435 or something ... I laughed and quoted principal quote.. eventually best she could do was 395, 20 quid more than the quote I got two weeks ago!!!

Anyways needless to say I’m going with principal ... Carole Nash have lost a long time customer ... and made it clear they don’t give a damn

No one was interested in haggling this year for some reason.
I went with principal tpf&t on 5 bikes for around €360

LillySV

blade1 wrote: »

No one was interested in haggling this year for some reason.
I went with principal tpf&t on 5 bikes for around €360

I Principal are offer me comp for 1 sports bike for 321, which is same as caroles were last year . I think the main difference this year is Carole nash crew working at home and afew of them don’t give a **** when no one there to overhear them . Anyways either way, I don’t Care, their loss, thumbs up to principle who will be gettin my business going forward ðŸ‘

blade1

LillySV wrote: »

I Principal are offer me comp for 1 sports bike for 321, which is same as caroles were last year . I think the main difference this year is Carole nash crew working at home and afew of them don’t give a **** when no one there to overhear them . Anyways either way, I don’t Care, their loss, thumbs up to principle who will be gettin my business going forward ðŸ‘

My renewal with Carole Nash was 380 for fully comp on 5 bikes and when I added the 2 points they wanted 560.

listermint

Tbf lads. I'm not defending them at all but points impact your quotes. They lose you discounts and add costs. How much would you think points should add it a quote? I'm not in the insurance industry. But I'd expect probably anywhere up to 25 percent loading over someone with none.

LillySV

listermint wrote: »

Tbf lads. I'm not defending them at all but points impact your quotes. They lose you discounts and add costs. How much would you think points should add it a quote? I'm not in the insurance industry. But I'd expect probably anywhere up to 25 percent loading over someone with none.

I had lost my previous points during the year though so including my new points ,I had the exact same level of points as the year before . Most insurers say they only charge if over 5 points ...

Anyways what happened to the big shakeup the govt were going to do to the insurance industry/cartel to lower premiums ?

And how come I didn’t receive a penny in good will from Carole nash for the lack of driving during covid crisis ? My car insurance were able to send me Cheque for 30 quid and I was driving that a lot more than bike

listermint

LillySV wrote: »

I had lost my previous points during the year though so including my new points ,I had the exact same level of points as the year before . Most insurers say they only charge if over 5 points ...

Anyways what happened to the big shakeup the govt were going to do to the insurance industry/cartel to lower premiums ?

And how come I didn’t receive a penny in good will from Carole nash for the lack of driving during covid crisis ? My car insurance were able to send me Cheque for 30 quid and I was driving that a lot more than bike

I know of no insurers that say that tbh. Point is a black mark against your stats versus the next person. It's always been this way.

And tbh the motorcycle insurance in this country is actually pretty good. Our rates are actually reasonable. I mean yiz are insuring multiple bikes here at under a hundred a bike per year. You won't find phone insurance that goes that and a phone is a fraction of the value.

blade1

listermint wrote: »

I know of no insurers that say that tbh. Point is a black mark against your stats versus the next person. It's always been this way.

And tbh the motorcycle insurance in this country is actually pretty good. Our rates are actually reasonable. I mean yiz are insuring multiple bikes here at under a hundred a bike per year. You won't find phone insurance that goes that and a phone is a fraction of the value.

You can't compare to phones.
You drop a phone out your hand and you could be claiming for a new one.


The point is after the year we have had there is no justification for prices being higher than the previous year and certainly not nearly 50% for 2 points.

Surely there has been less claims.

I wouldn't care if my insurance was say 1000 every year for the last 10 years and they added 50-100 for 2 points.

Hotblack Desiato

listermint wrote: »

Tbf lads. I'm not defending them at all but points impact your quotes. They lose you discounts and add costs. How much would you think points should add it a quote?

Nothing unless they were imposed in a court. The system where you take a big risk if you try to plead your case in court is the opposite of justice. So people just take the points whether they are fair or not, as the alternative is worse.

Penalty points are being totally abused by the insurance industry and it's a scam. Now somebody dumb enough to get convicted in court or get banned through penalty points totally deserves what they get as they have proven themselves to be a riskier driver.

My bike hasn't left the shed since last April (mostly my fault) but I renewed last June anyway and got no discount unlike health insurance or the car insurance. Not expecting one this renewal either.

TheQ_Man

I was only saying it to someone the other day, insurers are out to get their €30 rebate per policy back last year. There’s 3 policies in my house, it equates to €90. This is their way of doing it. Load you for the slightest reason, in my case the fact i own a Hayabusa was given by AXA.

Don’t forget, the higher the premium the higher the government tax take. Lower premium lower tax take. Granted action was taken on the cosine culture, but before the legislation was signed the solicitors were already looking at ways around it. Alan Shatter, himself a solicitor tried going after the legal profession when he was minister of justice, look what became of him in the end.

Breezin

Things went the opposite way for me last year. Principal tried to gouge me on renewal and Carole Nash undercut them massively.

I hate that dumb 'shop around' advice from our so-called consumer regulators, but that's the way they've set it up to give the illusion of competition.

LillySV

Hotblack Desiato wrote: »

Nothing unless they were imposed in a court. The system where you take a big risk if you try to plead your case in court is the opposite of justice. So people just take the points whether they are fair or not, as the alternative is worse.

Penalty points are being totally abused by the insurance industry and it's a scam. Now somebody dumb enough to get convicted in court or get banned through penalty points totally deserves what they get as they have proven themselves to be a riskier driver.

My bike hasn't left the shed since last April (mostly my fault) but I renewed last June anyway and got no discount unlike health insurance or the car insurance. Not expecting one this renewal either.

Wasnt going to get into it but frig it I will... I got my points in a car ... a guard accused me of driving through red light ... I didn’t ... light had changed to yellow as I was crossing line and have cam video to prove it... said it to him and he said take it to court so! So basically take 3 points like a good man or pay a fortune to get a solicitor to represent ya in court!!! I rang the crowd that takes the fines and they confirmed I have to go to court to appeal it... no one will look at it until then... which is a disgrace ... so I took the cheaper option.. take the points...


Ps regarding no insurance ignoring 3 points ... my car insurers do

tico1300

45 years old
Full no claims
Hayabusa & a bandit 1200 fully comp €361 with principal

IrishGrimReaper

I don't think the insurance is too bad here but it does feel very limiting starting out all down to lack of competition.

I live in Monaghan so have friends in the north - my friend is 31 and just got his full license about 9 months ago having no previous biking experience, literally.

He just got insured on a 2014 full spec BMW R1200GS TE worth guts of £9k for £550 comprehensive - with 0 NCB and licence less than a year.

My 125cc Varadero cost me approx. €560 for third party fire and theft but the CBF 600 would have been similar too.

listermint

Hotblack Desiato wrote: »

Nothing unless they were imposed in a court. The system where you take a big risk if you try to plead your case in court is the opposite of justice. So people just take the points whether they are fair or not, as the alternative is worse.

Penalty points are being totally abused by the insurance industry and it's a scam. Now somebody dumb enough to get convicted in court or get banned through penalty points totally deserves what they get as they have proven themselves to be a riskier driver.

My bike hasn't left the shed since last April (mostly my fault) but I renewed last June anyway and got no discount unlike health insurance or the car insurance. Not expecting one this renewal either.

This isn't a debate about the system of penalty points. It's about how points carry weight versus other drivers. You can either accept that's the reality . Which it is. As they do in every other country that has them . Or rage against the machine.

Either way I still believe bike insurance is far cheaper than any car and I count that as Fortunate hopefully that continues. One of few things in this country that isn't actually that bad.

Your lucky we aren't in Switzerland. Your points would mean a entirely different world of pain

LollipopJimmy

I got my full licence after I renewed a month ago with Principal, rang them today to inform and they don't do mid policy adjustments which is a pain. However they added eurpean cover, pillion and riding other bikes to the policy. Insurance was 400 on the nose this year fully comp. CBR600F3 - they won't insure any newer CBR 600s

blade1

listermint wrote: »

Either way I still believe bike insurance is far cheaper than any car

Then you believe wrongly.
My car insurance is €340 fully comp this year and was €323 last year.

TheQ_Man

blade1 wrote: »

Then you believe wrongly.
My car insurance is €340 fully comp this year and was €323 last year.

The lowest my car insurance ever was is €500 in 2015. How many people here pay more for tax compared their insurance

Hotblack Desiato

listermint wrote: »

This isn't a debate about the system of penalty points.

Actually it's about how the insurance industry is abusing the points system to make greater profits. Especially where those points include FPNs which might not stand up in court but are too expensive/risky to challenge.

Either way I still believe bike insurance is far cheaper than any car

Irrelevant

Your lucky we aren't in Switzerland.

I'm also lucky I don't live in North Korea or Eritrea. Again irrelevant.

Your points would mean a entirely different world of pain

I don't have any points.

blade1

TheQ_Man wrote: »

The lowest my car insurance ever was is €500 in 2015. How many people here pay more for tax compared their insurance

My tax is 190 for the year.
It's a 2.5 litre engine and not even a dirty daysul

TheQ_Man

blade1 wrote: »

My tax is 190 for the year.
It's a 2.5 litre engine and not even a dirty daysul

You’re lucky. My tax is €600 on my 2.0 dirty daysul:(

blade1

TheQ_Man wrote: »

You’re lucky. My tax is €600 on my 2.0 dirty daysul:

Wanna buy a car? :pac:

TheQ_Man

blade1 wrote: »

Wanna buy a car? :pac:

I’ll swap ya my blade

listermint

Hotblack Desiato wrote: »

Actually it's about how the insurance industry is abusing the points system to make greater profits. Especially where those points are FPNs which probably wouldn't stand up in court.



Irrelevant



I'm also lucky I don't live in North Korea or Eritrea. Again irrelevant nonsense.



I don't have any points.

On a bit of a mad one today ya? Have some tea sit down. Watch the tele. You'll give yourself a hernia fighting a no win case about penalty points and insurance through the courts.

blade1

listermint wrote: »

On a bit of a mad one today ya? Have some tea sit down. Watch the tele. You'll give yourself a hernia fighting a no win case about penalty points and insurance through the courts.

Passive aggression probably isn't great for you either.

DelBoy Trotter

For those of you giving out about the price of insurance, how long are you riding bikes? It’s not that long ago that bike insurance was absolutely insane. I’m looking at the quotes in here that people are giving out about and I’d happily pay them (if/when I get a bike again). I spent €13k on insurance over a 5 year period. The first year of it was fully comp on a brand new moped, the remaining 4 years were third party only as there was no option of third party fire and theft. For example, as a 20 year old, with a full clean licence, and 2 years no claims, it cost me just under €3k to insure a NSR 75 third party only for a year!

LillySV

DelBoy Trotter wrote: »

For those of you giving out about the price of insurance, how long are you riding bikes? It’s not that long ago that bike insurance was absolutely insane. I’m looking at the quotes in here that people are giving out about and I’d happily pay them (if/when I get a bike again). I spent €13k on insurance over a 5 year period. The first year of it was fully comp on a brand new moped, the remaining 4 years were third party only as there was no option of third party fire and theft. For example, as a 20 year old, with a full clean licence, and 2 years no claims, it cost me just under €3k to insure a NSR 75 third party only for a year!

when i started off insurance was reasonable....then afew years later they went from around 300 pound to 1200 pound...and it got steadily worse for afew years...this resulted in many like me who needed cars for work etc to stop driving bikes as it went far too dear...others simply didnt bother insuring bikes...then slowly insurance lowered as they had no option and some competition entered market which made it very reasonable again to drive.So i started driving bikes again ..and have been since.....around 12-13 years since....but now my fear is they starting to rise it again and for no reason...which worries me...


ps my first bike was an rg 80.... the nsr 75 would be like a haybusa in comparison! haha

Hotblack Desiato

DelBoy Trotter wrote: »

For those of you giving out about the price of insurance, how long are you riding bikes? It’s not that long ago that bike insurance was absolutely insane.

I started in 1995 on a 100cc (which was shít, but appreciably cheaper than the 125cc my licence allowed.) It still cost IR£1000 (€1270) which was twice the cost of the bike, and third party claims hardly entered into it as I couldn't legally carry a pillion. Norwich Screwnion / Aviva. Cnuts.

I'm supposed to be happy now that I'm nearly 50 and paying almost 400 euro for one bike with no pillion seat, the chances of injuring any third party are infinitesimal, I've a continuous claims free record since 1995, full A licence since 1996 and a RoSPA Silver too.

So as far as I'm concerned I'm still being ripped off. The generationally entitled types in Mount Merrion are laughing at us as they ride us without lube. Their sons and daughters who do law in UCD because they're too fúckin thick to get a proper job have a god-given entitlement to make a big fat living off the backs of everyone else.

listermint

blade1 wrote: »

Passive aggression probably isn't great for you either.

Passive-aggressive behavior is a pattern of indirectly expressing negative feelings instead of openly addressing them.

....

I'm in here telling ya the prices aren't actually that bad. Your acting like the world is falling down and people are being ripped off left right and centre

Doesn't add up ? I'm still surprised folks think that penalty points dont add cost to your insurance. I've had them before several times. Luckily none at the moment. I accept they load a policy because they signify risky behaviour that you've been caught doing.

That's it , simples. None of that's negative from me. It's explanatory. Tbf. If your taking that as aggression I'm sorry but I've actually no idea why?

LollipopJimmy

Hotblack Desiato

listermint wrote: »

I'm in here telling ya the prices aren't actually that bad.

There's been a big decrease in the cost of bike insurance over the last 25 years (it was a monopoly then) but imho it's still twice what it should be.

The insurance on the wife's car is crazy - basic Corolla worth maybe €1500, we both have claims free driving going back years, low annual mileage, it's still 750 because we're paying for all the fake whiplash claims and the staged accidents the insurers can't be arsed disputing in court.

Breezin

How do rates here compare with UK and with countries in the so-called single market, does anyone know?

davidglanza

256 euro fully comp with carol nash
On a kawasaki zzr1100
Full licence
38 years old
4 years no claims

LillySV

davidglanza wrote: »

256 euro fully comp with carol nash
On a kawasaki zzr1100
Full licence
38 years old
4 years no claims

That’s what u got here with Carole nash in Ireland ? That’s gas... I’ve full license , a year older , have 3 times your no claims and I’m getting a quote that’s over a hundred euro more for a Ducati 1098... oh and I even said my mileage will be 1000k a year max... so they know I’ll be driving my car mostly ...

I wouldn’t have expected a zzr1100 to be considered that much safer ...

Anyways next time your renewing try principal for the laugh and see if they can better it. They saved me a good bit

Henry Ford III

I'm not sure safety is the difference between those 2 bikes. It'll be down to claims experience I'd imagine and the cost of parts for the Ducati.

listermint

Henry Ford III wrote: »

I'm not sure safety is the difference between those 2 bikes. It'll be down to claims experience I'd imagine and the cost of parts for the Ducati.

Might be because they're a fire risk ....

LillySV

listermint wrote: »

Might be because they're a fire risk ....

What u saying about my Ducati! :P

ratracer

Just got my renewal notice there. €304 last year, €289 this year FC on 2012 Explorer, full NCB, no points and RoSPA Gold (although I don’t think this matters) I’m not even gonna call to try reduce it, I’m happy enough with that. With CN