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Why will my insurance go up so much?

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  • 20-07-2015 7:52pm
    #1
    Sobanek
    Closed Accounts Posts: 3,354 ✭✭✭


    I rang one of your reps the other day, asking about changing the car on my policy. I was told my premium would go up by 24 euro a month. Now, this would be fine if I was changing from a 1.4 Corolla to a 1.8 Avensis, but I currently own a 98 BMW 750i and was interested in swapping this for a 2001 520i Sport.

    Just to give you some perspective:

    98 750i has a 5.4 litre V12 engine that produces 326 horsepower. It does 0-60 in 6.6 seconds.
    01 520i has a 2.2 litre 6 cylinder engine that produces 170 horsepower. It does 0-60 in 9 seconds.

    Why is the 520i considered to be a more dangerous car at all? I can understand that more people own these and that they will crash, but surely, the 750i will be in a much higher risk category than a 520i.

    525i and 530i were both cheaper to insure than my 750i, just not the 520i.

    This isn't a question of any sort, just wanted to point out how ridiculous this is and how you have lost a client because you weren't even going to try to keep me with your company.


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    #2
    Liberty Insurance: Sean
    Company Representative Posts: 235 Verified rep ✭Liberty Insurance: Sean


    Sobanek wrote: »
    I rang one of your reps the other day, asking about changing the car on my policy. I was told my premium would go up by 24 euro a month. Now, this would be fine if I was changing from a 1.4 Corolla to a 1.8 Avensis, but I currently own a 98 BMW 750i and was interested in swapping this for a 2001 520i Sport.

    Just to give you some perspective:

    98 750i has a 5.4 litre V12 engine that produces 326 horsepower. It does 0-60 in 6.6 seconds.
    01 520i has a 2.2 litre 6 cylinder engine that produces 170 horsepower. It does 0-60 in 9 seconds.

    Why is the 520i considered to be a more dangerous car at all? I can understand that more people own these and that they will crash, but surely, the 750i will be in a much higher risk category than a 520i.

    525i and 530i were both cheaper to insure than my 750i, just not the 520i.

    This isn't a question of any sort, just wanted to point out how ridiculous this is and how you have lost a client because you weren't even going to try to keep me with your company.
    Hi Sobanek
    Sorry to hear this. If you want to PM me with your policy details we can have a look at this for you.
    Regards
    Seán


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