Aint Eazy Being Cheezy wrote: » That doesn't explain how I can source a cheaper quote myself. Isn't the purpose of a broker to source you the best value policy, and charge a fee for doing so? And I'd also argue that because it's a _renewal_ quote, that I've already paid them to find me the best deal. My point is that I wouldn't argue if there was €50/€100 in the difference, because you'd probably come across a discrepancy in the level of cover to account for it. But double the price is a farce.
Iseedeadpixels wrote: » Heard it all now after being told my previous car was too old my current car is valued too low ffs these insurers are nothing but scumbags.
Business Cat wrote: » Scumbags for telling you that you undervalued your car?
inforfun wrote: » I read it as the insurers think his car is worth **** all and dont want to insure it for that reason?
grogi wrote: » Firstly - for TPL insurance (the mandatory one) insurers don't insure car. They insure the driver driving that car. And yes, some will not quote if the car is worthless.
Business Cat wrote: » Scumbags for telling you that you undervalued your car? How is that scumbaggy? If it's worth 10 and you have it insured for 5 then in the event of a total loss you would only get 5. How is trying to make sure you do not end up screwing yourself scummy? Jesus, some people.
h3000 wrote: » Both mine and my wife's insurance is up in the next few days.Me: 34. 16 years claims free driving. Full licence 16 years. No penalty points. 2013 Ford Mondeo 140 TDCI Aviva renewal €555. Last year €499. Fully comp with NCD protection.Wife: 36. 8 years claims free driving. Full license 8 years. No penalty points. 2005 Toyota Corolla 1.4 petrol Aviva renewal €436. Last year €385. Fully comp with NCD protection. Named driver on each other's policies. I got a lot of quotes over the last few days but got nowhere near Avivas quotes but rang Aviva today and haggled a bit anyway and got mine for €550 and my wife's for €382. Not too bad overall with some of the mad quotes I've seen here.
Iseedeadpixels wrote: » No its valued correctly, its another way of declining cars, surely they would want to insure a smaller value car?
Sue Pa Key Pa wrote: » No, that's not the case. If, for example, you value a 2015 Toyota Corolla for €3,000, insurers would rightly guess that there is something not quite right with the condition of the vehicle
Iseedeadpixels wrote: » sorry should have worded that better, I meant if a car was valued correctly for the year etc that paying out less would be better.
Sue Pa Key Pa wrote: » Not all claims are for a total loss. Repairs cost roughly the same for older cars as with newer models
Iseedeadpixels wrote: » Not everyone gets fully comp TPFT would rule out repairs I assume.
Sue Pa Key Pa wrote: » If it is recovered after theft and needs repair, it still applies
Iseedeadpixels wrote: » The assessor would write it off, the chances of it being repaired are slim.
Sue Pa Key Pa wrote: » Which identifies another problem with older cars. If an older car is worth, say €3,000, and suffers damage which would cost €1,500 to repair, it is likely to be written off. Insurers may get around €500 for the salvage, leaving them with a payout of €2,500. A newer car worth €10,000 will be sent for repair only costing the €1,500
Iseedeadpixels wrote: » 500 salvage plus excess 300-500 plus the cost of the yearly insurance, so prob closer to 1000 euro than 2500. Insurance is a necessity for us and a gamble for them its the nature of their business.
grogi wrote: » Firstly, that should not be a consideration for a insurer offering TPL policy. Insurer might not offer the comprehensive insurance, but for TPL it really doesn't matter. If it matters, it is not free market and there is a behind-the-scenes agreement between insurers to influence the market, when one insurer does not want to insure driving particular vehicle because other insurer might get more cost. Secondly, why a 50% repair bill should write the car off? €1500 is the price of cracked bumper and a headlight. Fix it when it makes economical sense and write it off when it is dangerous to drive.
Sue Pa Key Pa wrote: » The excess applies for both scenarios, I just wanted to give a simple example. Yes, insurers are basically gamblers. However, professional gamblers make educated bets and don't put their money on horses that have lost them too much money in the past
Iseedeadpixels wrote: » Then why have a NCT that validates a cars safety? is a 2012 car with no NCT safer than a 2004 with NCT. Whats going to happen is people will have to take out loans/credit just so they have a car they can get decent insurance on....like the boom all over again.
Sue Pa Key Pa wrote: » Insurers have never said that older cars are unsafe, people have chosen to interpret it that way for some reason. Insurers have stated that the reason they are avoiding older cars is because they feel they are used in a disproportionate number of serious claims. There may be other factors associated with these larger claims, such as sex, nationality, ethnic origin etc. but equality laws prohibit them from citing these reasons, so they go with the neutral one
grogi wrote: » The cheaper the car, the higher probability it is under-maintained. I still remember the thread 'I failed the NCT on shock imbalance. FFS, the car is worth less than replacing them, I won't be spending that kind of money on €500 ar. How can I cheat the NCT?!'
honda boi wrote: » Got the renewal quote for missus and meself. I'm a named driver on missus policy. Age : 24 NCB: 5 Car : 04 ford cmax 1.6tdci. Me:24 No penalty points between us. Ulster bank renewal: €734 Had a motorbike accident last year(non fault) Claim still open so don't think I can price around!! Would adding any of my parents drop the quote you think? We don't live with them so can they still be added? Quote isn't actually that bad compared to others but wanna try knock a few quid off. Can see me ringing them and them telling me that quote was an error and adding a 1 in front of the €700:p
mrsdewinter wrote: » Can't believe I'm back here again. Well, here goes... Gender: F Age: 42 (at renewal) Car: 09 Ford Focus 1.6l Licence, full 17 years (got points for speeding in early 2014 - can't remember whether they're still live) Cover: comprehensive Renewal: €914 (€1,015 without online renewal) - 123.ie Clearly I need to rethink the comprehensive cover. What a joke...
