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Hybrid Insurance - Doubled!

  • 22-03-2022 11:00pm
    #1
    Registered Users, Registered Users 2 Posts: 661 ✭✭✭


    Hi. I've just received my insurance renewal quote - I got a hybrid recently and when I swapped cover from old to new car I was told there was no additional premium to pay for the remaining period of the policy and I assumed that meant that when it was time to renew, 6 weeks after swapping cover, that the price would be similar to last year but the new quote is double last years price! I went from a 2010 1.2 petrol to a 2013 1.8 hybrid. Is it normal for there to be such an increase? I've a full license for years, full no claims bonus, no points etc.

    Want to gather my facts and composure before ringing insurance company!

    Thanks.



Comments

  • Registered Users, Registered Users 2 Posts: 21,430 ✭✭✭✭Ash.J.Williams


    Not sure how things work now but in my day Going from 1.2 to 1.8 was a massive leap



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


    Why bother ringing your insurer? Search everywhere else for an alternative quote, like you should every year.



  • Moderators, Business & Finance Moderators Posts: 17,852 Mod ✭✭✭✭Henry Ford III


    Complaining about a high renewal premium is a waste of time. Your current insurers are no longer competitive in your area of the market.

    Get a better quote elsewhere.



  • Registered Users, Registered Users 2 Posts: 2,318 ✭✭✭Miscreant


    As already said, find another insurer. I had a similar situation last year when my renewal quote came in at almost €700. I got a quote for less than €400 with the same cover from a different insurer and didn't even give the current one a chance to counter.

    Loyalty means nothing to insurance companies.



  • Registered Users, Registered Users 2 Posts: 84,706 ✭✭✭✭Atlantic Dawn
    M


    I assume it's a Prius or CT200h, issue causing the loading is the theft of catalytic convertors from them, it's at epidemic levels, insurers have responded by increasing the cost of cover and some not wanting to touch them.



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