Car insurance for >15 year old cars

beauf · 27-04-2017 10:28am

They aren't interested in 10yr old + cars. you're having a laugh with a 17yr old one. Mine is 18 yrs old but they are quoting reasonable price because I'm not a new customer.
That said its risen 150% in the last 2yrs. Other peoples I know hasn't changed. But everyone case is going to be different.

cplwhisper · 27-04-2017 1:41pm

UnitedIrishman wrote: »

Struggling in a big way to get insured this year around on an 00' Toyota Avensis - tried FBD, Bank of Ireland, 123.ie, Aviva and pretty much everywhere wouldn't even quote me, and AXA were the only ones to give me a quote of about 1400 for Third Party insurance. That's nearly three times what I paid with Bank of Ireland last year.

Any ideas on any other avenues to try?

How much is BOI this year ?
Who is their insurance underwriter ?

You will be limited for to car age but as AXA do Concours/Vintage cover that's why age of car is not restricted

alta stare · 27-04-2017 2:06pm

beauf wrote: »

They aren't interested in 10yr old + cars. you're having a laugh with a 17yr old one. Mine is 18 yrs old but they are quoting reasonable price because I'm not a new customer.
That said its risen 150% in the last 2yrs. Other peoples I know hasn't changed. But everyone case is going to be different.

I had the exact same problem. Insurance companies really are taking the piss.

jaytobe · 30-04-2017 8:25am

I've a 17yr old MR2 and looking to get it back on the road as a weekend car.
No one of Glennon's (current broker), First Ireland, Carole Nash, BOI online, were willing to quote; as NCB doesn't transfer, car not classic, too sporty etc..
Think local brookers that handle garage owners can get deals done in both old/2nd vehicle . Trying Murphy Insurance in Youghal. Will check with ARB Tues.

CyberGhost · 30-04-2017 11:44am

beauf wrote: »

They aren't interested in 10yr old + cars. you're having a laugh with a 17yr old one. Mine is 18 yrs old but they are quoting reasonable price because I'm not a new customer.
That said its risen 150% in the last 2yrs. Other peoples I know hasn't changed. But everyone case is going to be different.

So what's supposed to happen to the older cars?

You'd think they would at least provide third party insurance.

Also, I'm surprised all green activists trying to better the world are not on this. The best thing for the environment is reuse. With insurances you are forced to consume new all the time. I'm sure dealers are delighted though.

Sue Pa Key Pa · 30-04-2017 12:00pm

CyberGhost wrote: »

You'd think they would at least provide third party insurance.

.

That's where the problem lies according to insurers. They are INVOLVED is a disproportionate number of expensive 3rd party claims and has nothing to do with the NCT

CyberGhost · 30-04-2017 12:39pm

Sue Pa Key Pa wrote: »

That's where the problem lies according to insurers. They are INVOLVED is a disproportionate number of expensive 3rd party claims and has nothing to do with the NCT

And yet all of their profits are higher and higher.

jaytobe · 30-04-2017 1:04pm

Anyone know of those that are lenient on the classic car age?
Autoline NI will quote if you are member of a vintage club, have no. etc.. €275 for a 95 MR2, will try them Tuesday.

Sue Pa Key Pa · 30-04-2017 1:35pm

CyberGhost wrote: »

And yet all of their profits are higher and higher.

I'm not going to derail the thread. I'll leave it at this

http://www.irishtimes.com/business/financial-services/motor-insurers-made-combined-273m-loss-in-ireland-last-year-1.2807401

blastman · 02-05-2017 4:17pm

jaytobe wrote: »

Anyone know of those that are lenient on the classic car age?
Autoline NI will quote if you are member of a vintage club, have no. etc.. €275 for a 95 MR2, will try them Tuesday.

Try the Irish Vintage Society, you pay €25 a year to join them as an individual member and they have a group scheme with FBD. The only stipulation to insure a car through the group scheme is that it must be 20 years old or over. You need to have another car as a daily driver, though, and it is limited to 5000 km per year. My Honda is four years older than your MR2 and it costs around €200 a year to insure like this.

jaytobe · 03-05-2017 10:32am

Thanks for that. Got an Autoline quote of 330 quid so made up with that. It's with Allianz classic car policy and a 2nd car so will not be of help to everyone here. No problem with the 17yrs either once part of a club (MR2 has one and will issue a no.)

alexonhisown · 05-05-2017 2:16pm

alta stare wrote: »

I got a renewal on my car insurance from 530 to 650. Not so bad. Out of curiosity i tried other companies and they all bar one were above 1100.

The car is a 2001 gti 1.8t golf. NCT and in v good condition so its a pain in the ass getting such high quotes. Im expecting a big jump next year.

What company was that with?

noel50 · 08-06-2017 10:50am

00' Toyota Avensis boi this year 1009.20 rang around best so far 123 €513.28 coverinaclick 485.00 hope this helps

weekaizer · 08-06-2017 2:31pm

noel50 wrote: »

00' Toyota Avensis boi this year 1009.20 rang around best so far 123 €513.28 coverinaclick 485.00 hope this helps

Just rang 123.ie they state all insurance for old cars have to be owned for 8+ years... they wouldnt quote me on my 01 Lexus

lol5605 · 08-06-2017 4:11pm

I just insured a 1997 Japanese import for 900 euro with Liberty. I only have 2 years NCB. I'm pretty shocked.

Alan_007_ · 08-06-2017 7:40pm

lol5605 wrote: »

I just insured a 1997 Japanese import for 900 euro with Liberty. I only have 2 years NCB. I'm pretty shocked.

How old are you, if you don't mind me asking?

And what car is that for?

lol5605 · 09-06-2017 3:03pm

Alan_007_ wrote: »

How old are you, if you don't mind me asking?

And what car is that for?

I'm 26, it's a SiR Civic.

DrFunkatron · 10-06-2017 6:50am

lol5605 wrote: »

I'm 26, it's a SiR Civic.

Jesus you done well there so!

lol5605 · 10-06-2017 7:13am

DrFunkatron wrote: »

Jesus you done well there so!

I sure did! I canceled my previous insurance, they wanted a extra 1500 off me to insure it. Best I had before Liberty was around 1400 witch I had no problem paying considering the car. I'm actually paying almost 200 less than my old car, that was a normal 1.4 Civic that was also 1997. The SiR has almost double the BHP. It makes no sense considering the way things are at the moment. I'm a bit bewildered.

beauf · 10-06-2017 8:37am

That's an unbelievable quote. Back in the 90s I sold my CRX because the renewal was 3k.

BexieB · 11-06-2017 10:44pm

Just wondering, we're all experiencing insurance company refusing to quote because of the age of our vehicles. Is this considered a 'refusal of insurance' when it comes to answering the question 'have you ever been declined, refused or had insurance cancelled' when applying for insurance? I'd be very reluctant to get three written refusals to go to the Ombudsman with, I'm sure you'd pretty much blacklist yourself.

Iseedeadpixels · 28-07-2017 1:35pm

Horrible quotes on my 99 Diesel Passat

from 1100-2600 shocking carry on.

grogi · 28-07-2017 2:19pm

BexieB wrote: »

Just wondering, we're all experiencing insurance company refusing to quote because of the age of our vehicles. Is this considered a 'refusal of insurance' when it comes to answering the question 'have you ever been declined, refused or had insurance cancelled' when applying for insurance? I'd be very reluctant to get three written refusals to go to the Ombudsman with, I'm sure you'd pretty much blacklist yourself.

no

challengemaster · 28-07-2017 2:29pm

I'm surprised people are saying BoI insurance is giving them good quotes. Out of curiosity I checked them as my renewal was up recently.

26, 8 year NCB. 2005 BMW 320Cd

Renewal with liberty: €647 (full comp, NCB protected)
BoI quote: €2735.61

I nearly fell off the chair laughing

tc20 · 17-08-2017 9:27pm

just got my renewal in the post -

02 Astra 1.4
Main driver - me, 20+ years full licence, 9 yrs NCB, 3 soon to expire PP
Named driver - Mrs tc20, Full licence 3 years.
Insured with AIG through First Ireland

Current policy (fully comp) €450
Previous policy (fully comp, same car) €360
Renewal €747 FC, €595 TPFT

Thats an increase of close to 65% for a sh1tbox daily hack (FC) or 33% TPFT :mad:
Its also the first time they actively encouraged me to go for TPFT cover (which is correct given the value of the car)

Discodog · 17-08-2017 9:38pm

Mine has doubled. My old insurer no longer insures older cars.

I enquired in the UK, as I used to live there. My insurance would be €300. Here they want €900.

antodeco · 17-08-2017 9:43pm

Just cost me €99 to insure a 1998 2.8l Z3

Discodog · 17-08-2017 9:44pm

antodeco wrote: »

Just cost me €99 to insure a 1998 2.8l Z3

Who with?

ldxo15wus6fpgm · 17-08-2017 10:19pm

antodeco wrote: »

Just cost me €99 to insure a 1998 2.8l Z3

I call bull****, every company has a minimum premium higher than this so unless you've added it to a multi car or commercial policy, pics or it didnt happen.

Also here's all the justification they need to load up premiums on old cars, bearing in mind that injuries are far more costly than replacing a fairly new car. It's a crash test video with dummies, no gore.

https://youtu.be/xidhx_f-ouU

Before I say more I want to put it out there that I drive a 2004 car.

I don't agree with the way it's being done and you still see the odd '95 deathmobile on the roads but it has helped steer (no pun intended) people away from the mentality of driving a car like that to save money.

Obviously there are lots of people out there who cannot afford a nearly new car (I am one of them) but at the end of the day if you cannot afford a safe car you cannot afford to drive. In the long run we are all better off for getting these things off the road.

If you drive an old car and get into an accident, you're more likely to suffer expensive injuries. Insurance works by pooling all our money together to pay claims. People who drive older cars have to pay more because of that, just like people with many points or convictions pay more. It's simple enough.

grogi · 17-08-2017 11:00pm

Nolan Sticky Headphone wrote: »

I call bull****, every company has a minimum premium higher than this so unless you've added it to a multi car or commercial policy, pics or it didnt happen.

Also here's all the justification they need to load up premiums on old cars, bearing in mind that injuries are far more costly than replacing a fairly new car.

But it is not your TPL insurance that pays your medical bills, but the other party's. For your TPL premium it should not matter how safe for you the car is, but how safe it is for others.

If the underwriter takes the potential cost for other insurers into account when setting the premium, it is anti-consumer behaviour. The C. word...

ldxo15wus6fpgm · 18-08-2017 12:08am

grogi wrote: »

But it is not your TPL insurance that pays your medical bills, but the other party's. For your TPL premium it should not matter how safe for you the car is, but how safe it is for others.

If the underwriter takes the potential cost for other insurers into account when setting the premium, it is anti-consumer behaviour. The C. word...

Older cars are less safe for your passengers and also for pedestrians that you hit. All of whom can and will claim against you and your insurer.

Iseedeadpixels · 18-08-2017 7:28am

Nolan Sticky Headphone wrote: »

Older cars are less safe for your passengers and also for pedestrians that you hit. All of whom can and will claim against you and your insurer.

Wow I really need one of those new marshmellow cars :rolleyes:

grogi · 18-08-2017 9:11am

Nolan Sticky Headphone wrote: »

Older cars are less safe for your passengers and also for pedestrians that you hit. All of whom can and will claim against you and your insurer.

Let's confront that with what the other insurance expert said here not that long time ago:

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

Interesting... So is it about safety, or isn't it?

Iseedeadpixels wrote: »

Wow I really need one of those new marshmellow cars :rolleyes:

But they are. The NCAP tests the cars for pedestrian safety and the criteria for 5* are stricter every year. There is progress here, don't deny it.

Sue Pa Key Pa · 18-08-2017 9:20am

grogi wrote: »

Interesting... So is it about safety, or isn't it?

It's about claims

grogi · 18-08-2017 9:25am

Sue Pa Key Pa wrote: »

It's about claims

I know it is about claims.

But what is the relationship between claims and older cars. You say it is because older cars generate disproportionate volume of those.

That is only the result, the symptom. What is the cause?

Is it about engineered safety (passenger safety, pedestrian safety)? Roadworthiness of the vehicles? Negligence of the owners?

Iseedeadpixels · 18-08-2017 9:36am

Wouldn't matter if you hit a pedestrian at 50-60kmh you would still do serious damage regardless if its a 97 or a 171.

Sue Pa Key Pa · 18-08-2017 10:21am

Iseedeadpixels wrote: »

Wouldn't matter if you hit a pedestrian at 50-60kmh you would still do serious damage regardless if its a 97 or a 171.

That's true. However, insurers are saying that and similar types of incident is happening more frequently with older cars than newer ones. If the majority of them are wrong, why hasn't one insurer come in and mopped up the entire market with reasonable premiums? Leaving aside that every insurer in Ireland is a member of The Cartel, of course

Marcusm · 18-08-2017 10:28am

grogi wrote: »

I know it is about claims.

But what is the relationship between claims and older cars. You say it is because older cars generate disproportionate volume of those.

That is only the result, the symptom. What is the cause?

Is it about engineered safety (passenger safety, pedestrian safety)? Roadworthiness of the vehicles? Negligence of the owners?

Because people who set out to create false claims or incidents will generally use a car worth €500 not €15,000 to do it. The reality is that it is the background of the claimants not the age of the cars which is the factor. No doubt there can be an increased prospect of injury with an older car (due to lesser safety standards) but I'm willing to bet that such factor is not as statistically significant as the fraud aspect.

Sue Pa Key Pa · 18-08-2017 10:41am

Marcusm wrote: »

The reality is that it is the background of the claimants not the age of the cars which is the factor. .

Exactly, but insurers are not allowed cite sex, race, nationality, ethnic origin etc. as a factor so if the age of the vehicle is also a common thread, that's the one they will use

jimgoose · 18-08-2017 10:48am

Sue Pa Key Pa wrote: »

Exactly, but insurers are not allowed cite sex, race, nationality, ethnic origin etc. as a factor so if the age of the vehicle is also a common thread, that's the one they will use

I was staring to suspect as much. That would explain why I'm not getting too bad a creasing really, with my 18-year-old yoke.

Iseedeadpixels · 18-08-2017 11:28am

Sue Pa Key Pa wrote: »

That's true. However, insurers are saying that and similar types of incident is happening more frequently with older cars than newer ones. If the majority of them are wrong, why hasn't one insurer come in and mopped up the entire market with reasonable premiums? Leaving aside that every insurer in Ireland is a member of The Cartel, of course

Sure loads of them were raided for price fixing recently, sounds dodgy enough to me.

joeysoap · 18-08-2017 11:31am

jimgoose wrote: »

I was staring to suspect as much. That would explain why I'm not getting too bad a creasing really, with my 18-year-old yoke.

Anyone who takes out first time insurance with an old car, or who has a record of making claims, should expect heavy premiums.

A driver who is with a company for a number of years, claim free, and who is driving the same car for those years should expect a relatively modest increase. The age of the car shouldn't really matter.

On the subject of new car safety and insurance, a friend of mine recently traded in his 15 year old (trouble free) Yaris for one of those new hybrid Yaris models.
His insurance doubled, no doubt caused by the increased CC's and value. Safety doesn't appear to have played any significant part in the increase.

Sue Pa Key Pa · 18-08-2017 11:35am

Iseedeadpixels wrote: »

Sure loads of them were raided for price fixing recently, sounds dodgy enough to me.

Another misconception of what happened.They were raided to ensure they were compliant with regulations not price fixing. Many of the offices involved were brokers, who have nothing to do with setting premiums

Iseedeadpixels · 18-08-2017 12:34pm

Sue Pa Key Pa wrote: »

Another misconception of what happened.They were raided to ensure they were compliant with regulations not price fixing. Many of the offices involved were brokers, who have nothing to do with setting premiums

Cmon take your head out of the sand.

However, Brokers Ireland, which represents around 1,200 insurance brokers across the country says none of its members have reported any raids today.

So it was brokers? Taken from RTE.

Sue Pa Key Pa · 18-08-2017 2:05pm

Iseedeadpixels wrote: »

Cmon take your head out of the sand.

So it was brokers? Taken from RTE.

Well, the Brokers that I work for were 'raided' and documents relating to compliance were examined (all in order thankfully). Is that good enough for you

I presume that they mean the Irish Brokers Association, not Brokers Ireland, as I never heard of such an organisation.

realdanbreen · 18-08-2017 2:11pm

So at the end of the day we are being ripped off by insurance companies.
Has anyone got a sensible idea as to what can be done about it?

Sue Pa Key Pa · 18-08-2017 2:17pm

realdanbreen wrote: »

So at the end of the day we are being ripped off by insurance companies.
Has anyone got a sensible idea as to what can be done about it?

Rant at the wrong people seems to be the most popular proposal

realdanbreen · 18-08-2017 2:44pm

Sue Pa Key Pa wrote: »

Rant at the wrong people seems to be the most popular proposal

I was looking for a sensible proposal, but thanks anyway.

Iseedeadpixels · 18-08-2017 2:46pm

Sue Pa Key Pa wrote: »

Well, the Brokers that I work for were 'raided' and documents relating to compliance were examined (all in order thankfully). Is that good enough for you

I presume that they mean the Irish Brokers Association, not Brokers Ireland, as I never heard of such an organisation.

Sue Pa Key Pa wrote: »

Rant at the wrong people seems to be the most popular proposal

Spoken like a true company man, I can see now why you're defending such price hikes.

Sue Pa Key Pa · 18-08-2017 2:53pm

Iseedeadpixels wrote: »

Spoken like a true company man, I can see now why you're defending such price hikes.

I think the cost of insurance in Ireland is disgraceful and cannot be sustained at these levels. But everybody blaming insurers, in isolation, is ridiculous

Car insurance for >15 year old cars

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