Originally Posted by Donald Trump
The obvious question is then what was your choice regarding the car? Did you insure it for 7k?
People convince themselves that they *need* things that just make their life more comfortable. 7k on car insurance probably equates to well over 10k a year running costs on a car. Spending that to be able to drive a few minutes down the road to work on your off days to eat free bread seems the height of madness to me
hey hey hey vouching in on this because it's really close to my heart...
I needed a car for my business, you can't go around distributing goods without 4 wheels. Looked for 7 months for not only a car/van and insurance. First of all van was out of question got immediately denied by brokers and insurers. Went for a car and despite having a 1 year cover on my partners policy and a eu drivers license since 2003 I got quoted 4500€ for the car I wanted. This hapenned after literally walking down south mall in cork going to each insurance company and broker and being denied insurance. Finally a broker got me this quote with XS Direct, the only one insuring drivers in this cirucinstances and obviously making this amount of money on it.
I was told by the broker "if you get a recent or new car that can go down substantially... well only chance now was trying to get a hire purchase agreement on a 2 year old car. Got that in the hopes the insurance would go down, it went down to 2700€ a year, it subsquently went down to 900€ last year and 800€ this year. I'm still paying the car of course, despite my business completely died with the pandemic, I got the payment break for 6 months but was told if I extended it now I would have that affect my credit rating as acording to them on the phone "the pandemic payment break is now over".
So thankfully I'm on pup and i'm using it to pay for rent the car and saving for the car insurance next year... I'm looking actively for WFH jobs every day and trinyg to get my business online but it's not exactly easy when there's no cash flowing meaning no way to buy new goods when your suppliers are all scared of sending you stock without any idea if they'll be paid...
So since I got the car I cannot help but feel completely ripped off by insurance companies, and I know perfectly well I'm not the worse off. But when you walk into every insurer in south mall, ring all of them and they tell to your face "we won't insure you" for months on end and then the only one available is at exhorbitant prices it really makes you mad. Specially because you know it's all down to them making millions out of regular people and using, conveniently, claims ro raise the price of insurance for everyone. i really hope the EU would put them all in check and make them payback the excess they charged to people. I can only dream of course...