Insurance Renewal.

knucklehead6 · 26-05-2021 12:07PM

Down from just under 400 to just under 300 with Principal.
This time last year I was a brand new wet behind the ears learner, this year I'm a wet behind the ears learner with a full licence

micknail · 26-05-2021 05:07PM

Via Principal renewal email (flippin brilliant idea imo)

Previous Year’s Unadjusted Premium
Insurer: AXA Broker, Ireland
Excess: €250
Level of Cover: Third Party, Fire And Theft
Usage: Commuting
Total: €326.57

Renewal Policy
Insurer: AXA Broker, Ireland
Excess: €250
Level of Cover: Third Party, Fire And Theft
Usage: Commuting
Total: €285.6

I am 33, about 4 years insured in my own name,
full A licence for 3, and own a 2011 Yamaha XJ6.
So only difference really is 40 quid off due to the added 10% for 1 more year of NCD bonus.

larchielads · 26-05-2021 07:32PM

Lads would i have trouble gettin insurance on a Kawasaki z750? Im 38 wit about 5yrs no claims and about 3yrs full licence? Currently wit carole nash. Ive read old posts from a few years ago on other forums where people had trouble gettin insured on one. Sorry for hijackin thread

TheQ_Man · 26-05-2021 08:15PM

larchielads wrote: »

Lads would i have trouble gettin insurance on a Kawasaki z750? Im 38 wit about 5yrs no claims and about 3yrs full licence? Currently wit carole nash. Ive read old posts from a few years ago on other forums where people had trouble gettin insured on one. Sorry for hijackin thread

Na you’ll get insured alright. It all comes down to €’s

Skill Magill · 26-05-2021 08:28PM

Try running your creds through Liberty, see what comes out?

Link

larchielads · 26-05-2021 08:48PM

Skill Magill wrote: »

Try running your creds through Liberty, see what comes out?

Link

Got quote of 308.00 tpft. Surely carole nash, my own insurer should cover me

davidglanza · 27-05-2021 01:09AM

TheQ_Man wrote: »

Did you get rid of the GPZ?

Ya sold it to a fella in limerick..

mgbgt1978 · 27-05-2021 01:41PM

larchielads wrote: »

Got quote of 308.00 tpft. Surely carole nash, my own insurer should cover me

What's the Carole Nash online system quoting you ?

blade1 · 31-05-2021 09:02AM

€61.99 to add a 6th bike.
Someone hold me back!!

TheQ_Man · 01-06-2021 11:16AM

Went with CN for €380 in the end. AXA weren’t moving and Principal were double the price.

Henry Ford III · 01-06-2021 12:23PM

My renewal just came in. €216 for tpft. Not too bad.

The broker fee is €50 though and I'll scare Principal with some competition to lower it before I renew.

CJhaughey · 02-06-2021 03:08PM

My Renewal came in Principal €380 for three bikes, one of them a classic.
Broker fee €100 , was contacted by them and they more or less stated they wouldn't move on the price.
Fair enough, CN is €80 cheaper like for like (TPFT) or €60 less for fully comp.
I think I will be moving again, its called churning in the industry.

TheQ_Man · 02-06-2021 03:25PM

CJhaughey wrote: »

My Renewal came in Principal €380 for three bikes, one of them a classic.
Broker fee €100 , was contacted by them and they more or less stated they wouldn't move on the price.
Fair enough, CN is €80 cheaper like for like (TPFT) or €60 less for fully comp.
I think I will be moving again, its called churning in the industry.

I’m onto my 3rd insurer since going back on bikes in 2018. FBD are the underwriters on my CN policy though

Sir Galahad · 02-06-2021 09:44PM

CJhaughey wrote: »

I think I will be moving again, its called churning in the industry.

It's only "churning" when the intermediary moves the business at renewal time to get "initial commission" again.

It's not churning if the client moves for a lower premium from a different underwriter.

listermint · 02-06-2021 11:40PM

Sir Galahad wrote: »

It's only "churning" when the intermediary moves the business at renewal time to get "initial commission" again.
It's not churning if the client moves for a lower premium from a different underwriter.

It's really not though customer churn means that customer has churned out at renewal time. It's a common term in the sales industry. It costs more money to sign new business rather than retain old. Which is why customer churn should be avoided.

You may be using it for some middle man sales jargon.

Sir Galahad · 03-06-2021 12:44AM

listermint wrote: »

You may be using it for some middle man sales jargon.

Or maybe I was Sales Director running a large sales team :cool:

mgbgt1978 · 03-06-2021 09:12AM

Yay....Pissing Contest !!!

:D:D

Sir Galahad · 03-06-2021 03:56PM

mgbgt1978 wrote: »

Yay....Pissing Contest !!! :D:D

Willy Waving

:D:D

Jimmy Bottlehead · 03-06-2021 04:19PM

Tankbags at dawn.

alanman · 03-06-2021 04:21PM

29 yo
CBR500
2 year Irish provisional (still waiting for the test)

completed 1 year with Principle at 2.3k (3rd + F +T) no claims

Now for renewal 3rd Part + F + T:

Liberty wont quote as they say need min 3 years license.
Carole around 2.1k
AXA 2.4k
Principle (renewal) 1.8k

I called everyone again they all said yup this is the final quote we can offer (although CN did take off like 30 bucks off). So what I heard in forum that they lower the prices not really happening for me

Love insurance

))))

mgbgt1978 · 03-06-2021 04:42PM

No, they don't like anything with an R as the last letter.....*
Wonder what CN quote you online for a CB500 ?

edit; meant to add *"for those on a Learner Permit".

Lyndsey3000 · 04-06-2021 09:56AM

32 y.o
GSX-R 750 (K4)
Full Licence 3 years
6 years no claims
one named rider
€402 Comprehensive with Axa through Principal. Going to get other quotes today (including Axa directly, Principal Broker fee is €50)

galwaytt · 04-06-2021 10:29AM

alanman wrote: »

29 yo
CBR500
2 year Irish provisional (still waiting for the test)

completed 1 year with Principle at 2.3k (3rd + F +T) no claims

Now for renewal 3rd Part + F + T:

Liberty wont quote as they say need min 3 years license.
Carole around 2.1k
AXA 2.4k
Principle (renewal) 1.8k

I called everyone again they all said yup this is the final quote we can offer (although CN did take off like 30 bucks off). So what I heard in forum that they lower the prices not really happening for me

Love insurance ))))

Coincidence: my 18yr old son just got a CB500.
He has full A1, LP A2, and shortly 2 years NCB, quoted €2100 from C-N.

TheQ_Man · 04-06-2021 11:38AM

Sounds to me like the CB500 is the modern version of the NSR125 of my day

lalababa · 04-06-2021 12:02PM

boredatwork82 wrote: »

I know. It's so frustrating having to play the game every year. Waste the time, filling out the forms 3 times etc. Then ringing back, and playing the game.

Like I have been with principle for 4 years. And every year I have to do it. Don't you think they would put a note on account this guy rings around. Takes up our and his time. Let's just give him a good quote every year.

But I assume someone in the insurance industry has done a cost benefit analysis on the process and deemed that the number of people who pay the high renewals is more than the salaries paid to employees to go through the inevitable process of haggling down prices with customers.

Does anyone actually know anyone that doesn't ring around?

I'd say lots of people don't ring around. I know people who have never rang or haggled, in any shape or form.
Also many people who have rang around in the past may 'give in' depending on how non ****ty the new quote is.
They can't be arsed with the 'hassle '. Depending on how busy or well off they are. Some people are so used to dealing with the one company or broker that they just accept the quote as a fixed cost/bill like an electricity bill. I can just imagine insurance companies when they are calculating renewal amounts....."ahemmmm how much can we add before the gobshoite calls us???"

lalababa · 04-06-2021 12:09PM

Has anybody got personal injury motorbike insurance? I tried to get it with Axa when I first started out but they said along the lines that you have to have a few years ncb to get it. And when I asked them after getting a few years ncb I think they said they don't do it?

TheQ_Man · 04-06-2021 12:15PM

lalababa wrote: »

Has anybody got personal injury motorbike insurance? I tried to get it with Axa when I first started out but they said along the lines that you have to have a few years ncb to get it. And when I asked them after getting a few years ncb I think they said they don't do it?

AXA spout off ****e I’ve noticed. In 2020 I asked them to change the renewal date on my policy to match that of my car, 5 weeks difference. They said I’d need 3 years ncd to do it. Fast forward to this year I went back to them and made the request, oh well can only do it by 4 weeks. Despite that I got my ncd cert 6 weeks before the policy ends. Took out a policy with CN.

Hotblack Desiato · 04-06-2021 06:15PM

mgbgt1978 wrote: »

Yay....Pissing Contest !!! :D:D

I am impressed that that passed the swear filter.

A lot of people don't know that arse passes the swear filter

Sir Galahad · 21-12-2021 01:25AM

So two years after the thread started it's that time again.

Principle wanted €430 😯 considering our mileage in the last two years has reduced (working from home etc etc) it was a bit rich . . . . . . . . . .

Carole Nash wanted €238 (Underwritten by AXA)

Axa wanted €445 😮.

So I'm now a CN client. Principle immediately said they can't compete with CN if the bike is parked outside and not in a garage. The Axa chap was the most uninterested. He didn't do any regulatory bits and as soon as he heard the CN quote he pretty much hung up. Very unprofessional.

Keep shopping around guys and if you are with CN tell them to disable "Auto Renew" so that you can shop around at your own pace.

goblin59 · 21-12-2021 12:28PM

https://www.boards.ie/discussion/comment/118354584#Comment_118354584

I just did mine yesterday.

Went back to CarolNash for two main reasons

None of the other lot would do 3rd Party cover riding a non irish reg bike on a loan. So meant I couldn't drive my Dad's bikes when I'm up north and I couldn't get Personal medical cover either.

Dropped from just under €900 to €634 this year.

Dropped one of the DR650 from my policy and added the R100

Insurance Renewal.

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