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Insurance Renewal.

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13

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    #62
    galwaytt
    Registered Users Posts: 12,761 ✭✭✭✭galwaytt


    Henry Ford III wrote: »
    To me a renewal notice isn't a negative at all. The renewal premium quoted is meaningless.

    It's an opportunity to negotiate.

    True, but I've spent 4 hours between yesterday & today trying to get a quote sorted.

    it really shouldn't be that hard.

    or, maybe, that's the idea...........

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



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    #63
    knucklehead6
    Registered Users Posts: 6,759 ✭✭✭knucklehead6


    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


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    #64
    micknail
    Registered Users Posts: 183 ✭✭micknail


    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.


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    #65
    larchielads
    Registered Users Posts: 1,703 ✭✭✭larchielads


    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


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    #66
    TheQ_Man
    Registered Users Posts: 315 ✭✭TheQ_Man


    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


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    #67
    Skill Magill
    Registered Users Posts: 2,569 ✭✭✭Skill Magill


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

    Link


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    #68
    larchielads
    Registered Users Posts: 1,703 ✭✭✭larchielads


    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


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    #69
    davidglanza
    Registered Users Posts: 254 ✭✭davidglanza


    TheQ_Man wrote: »
    Did you get rid of the GPZ?

    Ya sold it to a fella in limerick..


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    #70
    mgbgt1978
    Registered Users Posts: 4,231 ✭✭✭mgbgt1978


    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 ?


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    #71
    blade1
    Registered Users Posts: 12,229 ✭✭✭✭blade1


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


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    #72
    TheQ_Man
    Registered Users Posts: 315 ✭✭TheQ_Man


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


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    #73
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,666 Mod ✭✭✭✭Henry Ford III


    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.


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    #74
    CJhaughey
    Registered Users Posts: 14,906 ✭✭✭✭CJhaughey


    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.


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    #75
    TheQ_Man
    Registered Users Posts: 315 ✭✭TheQ_Man


    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


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    #76
    Sir Galahad
    Registered Users Posts: 710 ✭✭✭Sir Galahad


    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.


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    #77
    listermint
    Registered Users Posts: 33,791 ✭✭✭✭listermint


    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.


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    #78
    Sir Galahad
    Registered Users Posts: 710 ✭✭✭Sir Galahad


    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:


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    #79
    mgbgt1978
    Registered Users Posts: 4,231 ✭✭✭mgbgt1978


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


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    #80
    Sir Galahad
    Registered Users Posts: 710 ✭✭✭Sir Galahad


    mgbgt1978 wrote: »
    Yay....Pissing Contest !!! :D:D:D

    Willy Waving :D:D:D


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    #81
    Jimmy Bottlehead
    Registered Users Posts: 10,118 ✭✭✭✭Jimmy Bottlehead


    Tankbags at dawn.


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    #82
    alanman
    Registered Users Posts: 41 ✭alanman


    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 :)))))


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    #83
    mgbgt1978
    Registered Users Posts: 4,231 ✭✭✭mgbgt1978


    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".


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    #84
    Lyndsey3000
    Registered Users Posts: 49 ✭Lyndsey3000


    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)


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    #85
    galwaytt
    Registered Users Posts: 12,761 ✭✭✭✭galwaytt


    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.

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



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    #86
    TheQ_Man
    Registered Users Posts: 315 ✭✭TheQ_Man


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


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    #87
    lalababa
    Registered Users Posts: 1,727 ✭✭✭lalababa


    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???"


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    #88
    lalababa
    Registered Users Posts: 1,727 ✭✭✭lalababa


    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?


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    #89
    TheQ_Man
    Registered Users Posts: 315 ✭✭TheQ_Man


    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.


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    #90
    Hotblack Desiato
    Registered Users Posts: 34,290 ✭✭✭✭Hotblack Desiato


    mgbgt1978 wrote: »
    Yay....Pissing Contest !!! :D:D:D

    I am impressed that that passed the swear filter.

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

    Fingal County Council are certainly not competent to be making decisions about the most important piece of infrastructure on the island. They need to stick to badly designed cycle lanes and deciding on whether Mrs Murphy can have her kitchen extension.



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    #91
    Sir Galahad
    Registered Users Posts: 710 ✭✭✭Sir Galahad


    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.



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