Car insurance for >15 year old cars

corcaigh1 wrote: »

You're missing my point. I want to see the evidence why insurance companies which I might add is a legal requirement in this country for all roadworthy motor vehicles, are categorising perfectly legal and roadworthy older vehicles as not being "attractive business" ?

You already stated you have no evidence or cannot bring evidence to this argument other then what we already know of the industries refusal to cover older vehicles and the fact they are not being challenged to provide reasonable cover though I am aware that a challenge is forthcoming.

So don't come on here flying the flag for you professions industry if you cannot substantiate your views because up to now it is only waffle.

I'm not flying the flag for insurance companies and if you look at my posting history, you will see that I am often highly critical of the insurance industry where it is warranted.

I've said that I don't have the specific evidence, but I know insurers well enough to accept that if they thought they could make 50c off you, they would take the arm off you as you offered it. If they won't take your business at ANY PRICE, there's a reason for it.

I accept it's frustrating and you want to see the stats, but it won't be forthcoming (rightly or wrongly) until it is legislated for. As I said before, the real reason s probably not the car in isolation, it is likely that the older car, combined with a recent purchaser, from a certain background or sex is the combined perfect storm for higher claims, but insurers are not allowed to cite the other reasons for refusal, so they close their book

My wife's '07 car is with Aviva (I get no discounts or leeway for working in the business and I've no association with them) never costs near €350. It's been with them for years, we bought it in 2013 and never had any issues. If I sold the car to you today, Aviva might well refuse to quote you on it, as will most other insurers.

Read back over this thread from the start, I've tried to give my thoughts on his many times. I can't change the status quo and I'm not saying it's fair. The cost of insurance in this country is a disgrace, but I have a good insight in to what's causing it and it is not insurers alone

It is a scandal, that older cars which have passed the NCT are refused insurance. What is the point of the NCT if they can deny you a quote.
It is also ecologicially damaging since more older cars get scrapped, and whatever carbon benefit a new car has in its running, is out weighed by the carbon footprint of producing it and scrapping the older car.

petronius wrote: »

It is a scandal, that older cars which have passed the NCT are refused insurance. What is the point of the NCT if they can deny you a quote.
It is also ecologicially damaging since more older cars get scrapped, and whatever carbon benefit a new car has in its running, is out weighed by the carbon footprint of producing it and scrapping the older car.

Apparently older cars are involved in a disproportionately high amount of claims, and because of the advances in safety in the last 15 or so years, a even higher level of claims...
(I could probably believe that in terms of 50 / 100euro extra on your bill a year, but it seems odd that they don't even want to quote...)

Markcheese wrote: »

Apparently older cars are involved in a disproportionately high amount of claims, and because of the advances in safety in the last 15 or so years, a even higher level of claims...
(I could probably believe that in terms of 50 / 100euro extra on your bill a year, but it seems odd that they don't even want to quote...)

Some insurance company's will re- insure you no problem ( assuming you have been insured with them all the time, and with the same car) Others, will refuse to insure once the car reach's a certain age,( but with a premium increase ) which differ's from insurer to insurer. (NCT not withstanding.) This is not a problem I have experienced in other Country's where I have worked, but this is Ireland.....and it all seem's to funnel people into either buying newer or brand new car's...which for many means borrowing money, which make's banks and lending society's happy.

tuxy wrote: »

Well what I think is happening here is the government give support to the current insurance cartel and then the insurance cartel also helps the government out by forcing people to buy newer cars so more VRT is collected. But that's just what I think, no proof.

This practice is then justified by saying it means safer cars and lower emissions.

Oh, I'd say you are not too far wrong in your thinking..the Govt response ( or lack of) to the insurance crisis speak's volume's. I hope that the impending EU official investigation will cut right to the center of it. There is something rotten with the whole system, and it's all interlinked.:mad:

The brother has moved from being a named driver to being the main driver on our 2005 Avensis.

He's 25 and managed to get it done for about €1,200. Had 4 years named driver NCB, which they accepted. Did it with Aviva as well (via a broker), which was interesting as I know they've a reputation for not taking on new drivers on cars that 'old'. I was amazed he got it insured so cheaply (relatively speaking), although he has no penalty points. Not technically 15 years old I admit, although as near as makes no difference since it was registered at the start of 2005.

I got my insurance for renewed today on my 2003 BMW 325 for €716, exactly one euro more than this time last year, can't really complain about that either considering it's over 16 years old (about the only thing on it that's cheap really:pac:). This is with RSA (via a broker). This is fully comprehensive with step back cover.

We've always used O'Mahony Boylan Golden Insurance Brokers and they've always looked after us, so I'd suggest anyone who's struggling to get an 'old' car insured give them a call, you might be able to keep you 'old' car insured at a reasonable price for a bit longer:)!

I see no reason to get rid of perfectly good cars if they're working away fine and have valid NCTs.

Leonard Hofstadter wrote: »

The brother has moved from being a named driver to being the main driver on our 2005 Avensis.

He's 25 and managed to get it done for about €1,200. Had 4 years named driver NCB, which they accepted. Did it with Aviva as well (via a broker), which was interesting as I know they've a reputation for not taking on new drivers on cars that 'old'. I was amazed he got it insured so cheaply (relatively speaking), although he has no penalty points. Not technically 15 years old I admit, although as near as makes no difference since it was registered at the start of 2005.

I got my insurance for renewed today on my 2003 BMW 325 for €716, exactly one euro more than this time last year, can't really complain about that either considering it's over 16 years old (about the only thing on it that's cheap really:pac:). This is with RSA (via a broker). This is fully comprehensive with step back cover.

We've always used O'Mahony Boylan Golden Insurance Brokers and they've always looked after us, so I'd suggest anyone who's struggling to get an 'old' car insured give them a call, you might be able to keep you 'old' car insured at a reasonable price for a bit longer:)!

I see no reason to get rid of perfectly good cars if they're working away fine and have valid NCTs.

I can't help but think that there is collusion between the Insurance Company's and the Bank's, between them forcing people into credit deals to buy a replacement car, when they cannot get insurance for their existing car.

I think the Car Valeters Association (the CVA) are in on the collusion too, given that people keep new cars in better condition than old bangers

...well I tried Aviva for a 2006 Clio 1.2 and "computer said No". So I retried, but put in my 01 Audi and....no problem.

Literally, zero logic there.

horseofstone wrote: »

I drive a nissan almera 00, my insurance third party fire& theft is €845 per year.is this a reasonable price or am I being ripped off ?

Not much info, if your 17 and just passed your test that's a very good quote.
my quote for my 98 Astra last year was €450 but i have been with bank of ireland insurance a good while, properly cant go anywhere else.

horseofstone wrote: »

I'm 44yo full clean licence,have no claims.I just feel I'm being ripped off

Definitely not cheap with your driving record, age of car a problem but still ring around , go back a few posts some people still got quotes with a old car,not sure if it was AXA.

In any other Country that I have been to, the age of the car has not been a problem for Insurance..once it has it's technical road worthiness certification, that's it. They are much more interested in the driver's detail's, age,experience claims free status etc. Only in Ireland,we have this kind of set up.

corcaigh1 wrote: »

Of course its a rip off, 4 years ago your quote at the same age would have been around €3-400. We are all been ripped off for the most part ffs

And the worst part is the nr of posts where people say, I was lucky this year...I got it for less than €800..... So slightly under or over the €800 mark is the new " Normal" ?????....... we have been conditioned to feel grateful for paying exorbitant rip off prices for motor insurance in this country.:mad:

fin12 wrote: »

Your being ripped off, I have a 00 Yaris and have comprehensive for €650 with Aviva.

Are you a new customer or long term?