2020 Premium increases

Maggie Benson

colm_mcm wrote: »

Taxed or insured?

Can anyone tell me why car insurance prices have rocketed this year. Since many cars have been sitting in driveways mainly for the past 9 months and will continue to so so for some more - I can't see any justification for increased premiums - conversely I would expect a refund rather than an increased premium! Accidents, thankfully, have reduced dramatically so all the more reason for a reduced rate.
I have tried various companies for quotes and it seems to be the general trend.

SCOOP 64

Don't know why but my gone up too, just by €30 but still ,BOI (RSA.)

btree

I got a decrease in my premium with Liberty this year 2021 for around €30 but I decided to go with 25Plus as they offered a much better deal.

Henry Ford III

I've 1800 miles done on a new car since mid August 2020. I'd be hoping for a decrease in premium.

Wildly Boaring

Anecdotally quotes are down significantly

Mine down by 20%
My father, mother and in-laws all got ridiculously cheap quotes. All in 60s. Highest was €400 and he has open drive and a trailer listed.

Lad beside me here in work down 25%

BOSTIK

My wife and I are both renewing this month.

She was quoted the minimum premium of €280, and mine is €308.

Both fully comp with Aviva. Combined reduction is about €160.

Eggs For Dinner

So basically, insurers probably made increased profits last year because of the reduced claims and are now reducing premiums and competing like mad with eachother for your business. Who would have thought that's how the insurance market works????

Wildly Boaring

Eggs For Dinner wrote: »

So basically, insurers probably made increased profits last year because of the reduced claims and are now reducing premiums and competing like mad with eachother for your business. Who would have thought that's how the insurance market works????

Well we're giving the OP examples where premiums are down.
The OP's is only getting higher premiums

Eggs For Dinner

Wildly Boaring wrote: »

Well we're giving the OP examples where premiums are down.
The OP's is only getting higher premiums

Looking at threads here, most premiums are coming down on average. The OP's situation is likely down to some non-attractive aspect of his insurance profile

Maggie Benson

Eggs For Dinner wrote: »

Looking at threads here, most premiums are coming down on average. The OP's situation is likely down to some non-attractive aspect of his insurance profile

No change in profile since last year - bar the fact that I'm a year older!

Eggs For Dinner

Maggie Benson wrote: »

No change in profile since last year - bar the fact that I'm a year older!

That's not what I meant. Your insurance profile (car, age, address, occupation etc) may have produced worsening results, as a group, for your insurers and they are pricing your quote accordingly. It's not personal, but it kinda is at the same time.

BOSTIK

I forgot to mention that my wife had a windscreen claim last year as well.

So very pleased in our house then.

Aviva are doing some online promotion for new motor business until 14 January, might be worthwhile for the OP to take a look.

https://www.aviva.ie/insurance/car-insurance/

Maggie Benson

BOSTIK wrote: »

I forgot to mention that my wife had a windscreen claim last year as well.

So very pleased in our house then.

Aviva are doing some online promotion for new motor business until 14 January, might be worthwhile for the OP to take a look.

https://www.aviva.ie/insurance/car-insurance/

Aviva is my current insurer and has been for the past 4 years and I have not had any claim in that period.
Looks like one needs to shop around for sure.
Thanks Bostik.

Sarn

Our renewal quote is up 25%. The price last year was very competitive, so not that surprising. I’ve only started ringing around but have had similar quotes. I just need to find the one looking for business this year.

JimmyVik

Maggie Benson wrote: »

Aviva is my current insurer and has been for the past 4 years and I have not had any claim in that period.
Looks like one needs to shop around for sure.
Thanks Bostik.

I thought everyone knew insurance companies charge more to existing customers.
I worked in one recently and your data is mined and you will get a different price depending different things.

Existing cutomers are charged more than new ones.

Examples of what will change your quote would even be

how far in advance of your renewal date you are looking for a quote.
The closer to your renewal date you asl for it the less likely you are going to move to a competitor so your price goes up.

If you havent got a better quote in 4 years off someone else, you havent looked, so price goes up.

Its called directed pricing.
Golden rule with motor insurance is to shop around EVERY year.
Then ask for your quote and tell them that you have been shopping around and you have got x form another company. If they dont match it move.
And do that every year.

Nothing surprises me now

Our insurance renewal quote with Aviva went up too. Car has been hardly used past year. Shopped around and got better price with another company.

Maggie Benson

Nothing surprises me now wrote: »

Our insurance renewal quote with Aviva went up too. Car has been hardly used past year. Shopped around and got better price with another company.

Same as that - and my mileage for a normal year would not exceed 3500km. I have shopped around the past few years but the saving was so little with others that I just continued with Aviva - easiest option!

Nothing surprises me now

I went on to 123.ie and on the form if you do lower mileage there's extra discount. This suited us as retired and don't do big mileage, got good discount.

Living Off The Splash

My renewal quote from Aviva was about €335. My new customer quote was €280. Went with the new customer quote.

My wife's renewal with Aviva was €280, incidentally the lowest quote is always €280. Looking closely at her breakdown of cost and I saw that her actual quote was circa €235, but they upped it to their minimum quote of €280.

So I got quotes to include Protected No Claims discount, Reduced excess and some other personal insurance......and the quote was still €280.

So if you are coming in with €280 with Aviva, you may be able to get better cover for the same price by adding in extra bits.

Sarn

The same happened with AIG. When I added the full NCD protection the price didn’t change. I must see what other options can be added.

cruizer101

Gone from 518 to 776 with Bank of Ireland, that is a 50% increase, think this might be my 4th year with them so probably time to move. Previous renewals had I think been less or only slightly more.

Car is 08 so its age might be playing a factor too.

I do look every renewal but last 2 years all quotes have come back more so didn't bother move, admit-ably didn't check with every last insurer but if fair few quotes coming back higher chances of saving much are slim enough so not worth the effort.

Pain in the hoop now to have to start ringing around, will try them first and see will they drop it.

Maggie Benson

Nothing surprises me now wrote: »

I went on to 123.ie and on the form if you do lower mileage there's extra discount. This suited us as retired and don't do big mileage, got good discount.

Thank you OP. Good advice!

JimmyVik

cruizer101 wrote: »

Gone from 518 to 776 with Bank of Ireland, that is a 50% increase, think this might be my 4th year with them so probably time to move. Previous renewals had I think been less or only slightly more.

Car is 08 so its age might be playing a factor too.

I do look every renewal but last 2 years all quotes have come back more so didn't bother move, admit-ably didn't check with every last insurer but if fair few quotes coming back higher chances of saving much are slim enough so not worth the effort.

Pain in the hoop now to have to start ringing around, will try them first and see will they drop it.

Thats why you have a high quote


LEt us know what quotes you get from other companies.
I reckon you'll reduce by 25 - 50% by moving.

Bassboxxx

BOSTIK wrote: »

I forgot to mention that my wife had a windscreen claim last year as well.

So very pleased in our house then.

Aviva are doing some online promotion for new motor business until 14 January, might be worthwhile for the OP to take a look.

https://www.aviva.ie/insurance/car-insurance/

You just saved me 200+, happy days, thanks.:D

Sarn

Bassboxxx wrote: »

You just saved me 200+, happy days, thanks.:D

It just shows how variable the quotes are. For me, Aviva’s quote was at least €240 higher than the best so far and over €100 higher than our renewal. That was before adding no claims protection, which the other quotes had.

Bassboxxx

Sarn wrote: »

It just shows how variable the quotes are. For me, Aviva’s quote was at least €240 higher than the best so far and over €100 higher than our renewal. That was before adding no claims protection, which the other quotes had.

Yes, defo. Several of the quotes I got were €1000 dearer than the Aviva quote I got:eek:
I didn't go with the no claims protection, I normally do but I'm trying to pare it down this year.
I'll add, I saved just over €200 even after a €50 cancellation fee on my current insurer.

blackvalley

JimmyVik wrote: »

Then ask for your quote and tell them that you have been shopping around and you have got x form another company. If they dont match it move.
And do that every year.

I consider it to be disgusting practice when a company offers to match any better offer you get .
What they are saying in effect is "ok we are attempting to rip you off for £800 but if another company is honest enough to insure you for £600 we will steal that business from them by matching that quote " .
Now if they offered to beat any better quote that i could get then I might do business with them but not otherwise .
A despicable practice. :mad::mad:

Eggs For Dinner

blackvalley wrote: »

I consider it to be disgusting practice when a company offers to match any better offer you get .
What they are saying in effect is "ok we are attempting to rip you off for £800 but if another company is honest enough to insure you for £600 we will steal that business from them by matching that quote " .
Now if they offered to beat any better quote that i could get then I might do business with them but not otherwise .
A despicable practice. :mad::mad:

I fully agree. The reason we now get our NCBs in plenty of time these days was to stop the practice of having to go back to your insurer to ask for it if you found a better quote. The old practice gave them a 2nd chance to re-quote you. Unfortunately, matching a premium is usually enough given the hassle of new forms, scanning licences, setting up direct debits etc.

JimmyVik

blackvalley wrote: »

I consider it to be disgusting practice when a company offers to match any better offer you get .
What they are saying in effect is "ok we are attempting to rip you off for £800 but if another company is honest enough to insure you for £600 we will steal that business from them by matching that quote " .
Now if they offered to beat any better quote that i could get then I might do business with them but not otherwise .
A despicable practice. :mad::mad:

When I say match I actually mean beat - by a fiver at most
But I agree with you. But they are allowed to do this.
Actually insurers get away with so much sharp practice its hard to believe they are nbot paying off the people who are supposed to protect us from them.

But I cant stress enough that given the current situation the ONLY way to get competitive quotes is to shop around, and shop around early.
Never, Ever renew with your existing insurer unless you have shopped around at least 5 other insurers. If you do that you are actually flagged as a "repeater" in the system. And in unsurance sales language, "Repeater" means ripe for the picking.

BOSTIK

Bassboxxx wrote: »

You just saved me 200+, happy days, thanks.:D

Alrighty then!

galwaytt

BOSTIK wrote: »

I forgot to mention that my wife had a windscreen claim last year as well.

So very pleased in our house then.

Aviva are doing some online promotion for new motor business until 14 January, might be worthwhile for the OP to take a look.

https://www.aviva.ie/insurance/car-insurance/

Not pleased with Aviva in this house :mad:

53, full licence,
Full Aviva NCB, spouse with Aviva on her car, and full NCB with them too.
AIM Advanced Driving
RoSPA Advanced - Gold
No points on licence - ever
2400 miles a year

Won't quote.

Reason ? Car age: it's an 06 Clio 1.2

That is beyond pulling the pi$$

www.123.ie declining to quote for same reason now too.

Allianz won't quote car either, states on their website no cars over 15 years.

dzsfah2xoynme9

On my 2007 1.8 Opel Vectra SRI my insurance dropped by over €100 compared to last year. Very happy with that.

BOSTIK

galwaytt wrote: »

Not pleased with Aviva in this house :mad:

53, full licence,
Full Aviva NCB, spouse with Aviva on her car, and full NCB with them too.
AIM Advanced Driving
RoSPA Advanced - Gold
No points on licence - ever
2400 miles a year

Won't quote.

Reason ? Car age: it's an 06 Clio 1.2

That is beyond pulling the pi$$

www.123.ie declining to quote for same reason now too.

That’s mad alright.

Our cars are both 2000 models, never a problem getting a renewal quote.

The prices have varied definitely, but never anything too crazy.

Any joy with insure.ie, or kennco?

galwaytt

BOSTIK wrote: »

That’s mad alright.

Our cars are both 2000 models, never a problem getting a renewal quote.

The prices have varied definitely, but never anything too crazy.

Any joy with insure.ie, or kennco?

123.ie is kennco, no quote

BOSTIK

galwaytt wrote: »

123.ie is kennco, no quote

Might be quicker to just ring a broker, you’ll get a good indication of what kind of premium your car will attract from the general market if nothing else.

L1011

galwaytt wrote: »

123.ie is kennco, no quote

123 is RSA.

galwaytt

L1011 wrote: »

123 is RSA.

Well when the 'no quote' message came up, a window also opened up saying to you want KennCo to contact you ?

L1011

galwaytt wrote: »

Well when the 'no quote' message came up, a window also opened up saying to you want KennCo to contact you ?

Presumably an offload to Kennco of a customer they don't want. 123 is a tied agent of RSA, owned by RSA

GusGus

I changed my yesterday . Car value increased by about 5k ( that’s not a major issue ). It was going from a 201 to a 211. current insurer wanted €338 extra for remainder of the year . A 45% increase for no real reason .

Lesson Iv learned is that if your changing your car then don’t go with people like the AA. They might get you an ok deal at the start but if you change car they destroy you . ( I get it’s nit the AA it’s the insurers sub- sidary)

My issue now is how do I ensure continuity of insurance as a new company will offer far lower insurance but has to have a cancellation letter - AA wil only send one after they receive a letter by post snd won’t send anything to new insurer .

Looks like there will be a time delay to get new insurer .

galwaytt

GusGus wrote: »

I changed my yesterday . Car value increased by about 5k ( that’s not a major issue ). It was going from a 201 to a 211. current insurer wanted €338 extra for remainder of the year . A 45% increase for no real reason .

Lesson Iv learned is that if your changing your car then don’t go with people like the AA. They might get you an ok deal at the start but if you change car they destroy you . ( I get it’s nit the AA it’s the insurers sub- sidary)

My issue now is how do I ensure continuity of insurance as a new company will offer far lower insurance but has to have a cancellation letter - AA wil only send one after they receive a letter by post snd won’t send anything to new insurer .

Looks like there will be a time delay to get new insurer .

AA are not your insurer: they're a broker.

Ring the company who's name is on the actual Cert (e.g. Aviva etc) and just go for a change of details and see what happens.

cruizer101

JimmyVik wrote: »

cruizer101 wrote: »

Gone from 518 to 776 with Bank of Ireland, that is a 50% increase, think this might be my 4th year with them so probably time to move. Previous renewals had I think been less or only slightly more.

Car is 08 so its age might be playing a factor too.
.

Thats why you have a high quote

LEt us know what quotes you get from other companies.
I reckon you'll reduce by 25 - 50% by moving.

So I made a mistake, I had a small tip last year and the other car had rang the insurance company, but we ended up settling with cash. Once got that claim cleared quote dropped to 389.

Happy enough with that, will try ring a few places but doubt will get much better on a 08 2.0l SUV.

L1011

Renewal down €41 (~9%) from last year, third year with that insurer so I'll definitely be looking around but slightly surprised with that.