Car insurance - tell us your quotes/renewals

Iseedeadpixels

Sue Pa Key Pa wrote: »

No, that's not the case. If, for example, you value a 2015 Toyota Corolla for €3,000, insurers would rightly guess that there is something not quite right with the condition of the vehicle

sorry should have worded that better, I meant if a car was valued correctly for the year etc that paying out less would be better.

Sue Pa Key Pa

Iseedeadpixels wrote: »

sorry should have worded that better, I meant if a car was valued correctly for the year etc that paying out less would be better.

Not all claims are for a total loss. Repairs cost roughly the same for older cars as with newer models

Iseedeadpixels

Sue Pa Key Pa wrote: »

Not all claims are for a total loss. Repairs cost roughly the same for older cars as with newer models

Not everyone gets fully comp TPFT would rule out repairs I assume.

Sue Pa Key Pa

Iseedeadpixels wrote: »

Not everyone gets fully comp TPFT would rule out repairs I assume.

If it is recovered after theft and needs repair, it still applies

Iseedeadpixels

Sue Pa Key Pa wrote: »

If it is recovered after theft and needs repair, it still applies

The assessor would write it off, the chances of it being repaired are slim.

shietpilot

Gender: M

Age: 22 (at renewal)

Car: 08 Ford Focus 1.8 TDCI

NCD: 3

Licence, full 2 years, 0 points

Cover: TPFT

Renewal: €1077 - Liberty

Sue Pa Key Pa

Iseedeadpixels wrote: »

The assessor would write it off, the chances of it being repaired are slim.

Which identifies another problem with older cars. If an older car is worth, say €3,000, and suffers damage which would cost €1,500 to repair, it is likely to be written off. Insurers may get around €500 for the salvage, leaving them with a payout of €2,500.

A newer car worth €10,000 will be sent for repair only costing the €1,500

grogi

Sue Pa Key Pa wrote: »

Which identifies another problem with older cars. If an older car is worth, say €3,000, and suffers damage which would cost €1,500 to repair, it is likely to be written off. Insurers may get around €500 for the salvage, leaving them with a payout of €2,500.

A newer car worth €10,000 will be sent for repair only costing the €1,500

Firstly, that should not be a consideration for a insurer offering TPL policy. Insurer might not offer the comprehensive insurance, but for TPL it really doesn't matter.
If it matters, it is not free market and there is a behind-the-scenes agreement between insurers to influence the market, when one insurer does not want to insure driving particular vehicle because other insurer might get more cost.


Secondly, why a 50% repair bill should write the car off? €1500 is the price of cracked bumper and a headlight. Fix it when it makes economical sense and write it off when it is dangerous to drive.

Iseedeadpixels

Sue Pa Key Pa wrote: »

Which identifies another problem with older cars. If an older car is worth, say €3,000, and suffers damage which would cost €1,500 to repair, it is likely to be written off. Insurers may get around €500 for the salvage, leaving them with a payout of €2,500.

A newer car worth €10,000 will be sent for repair only costing the €1,500

500 salvage plus excess 300-500 plus the cost of the yearly insurance, so prob closer to 1000 euro than 2500. Insurance is a necessity for us and a gamble for them its the nature of their business.

Sue Pa Key Pa

Iseedeadpixels wrote: »

500 salvage plus excess 300-500 plus the cost of the yearly insurance, so prob closer to 1000 euro than 2500. Insurance is a necessity for us and a gamble for them its the nature of their business.

The excess applies for both scenarios, I just wanted to give a simple example.

Yes, insurers are basically gamblers. However, professional gamblers make educated bets and don't put their money on horses that have lost them too much money in the past

Sue Pa Key Pa

grogi wrote: »

Firstly, that should not be a consideration for a insurer offering TPL policy. Insurer might not offer the comprehensive insurance, but for TPL it really doesn't matter.
If it matters, it is not free market and there is a behind-the-scenes agreement between insurers to influence the market, when one insurer does not want to insure driving particular vehicle because other insurer might get more cost.


Secondly, why a 50% repair bill should write the car off? €1500 is the price of cracked bumper and a headlight. Fix it when it makes economical sense and write it off when it is dangerous to drive.

That's it, the cartel have it sorted.

The reason vehicles get written off at that level is because the initial figure is usually an estimate and further damage can be discovered as the repair is ongoing. This can lead to repairs costing in excess of the market value.

Iseedeadpixels

Sue Pa Key Pa wrote: »

The excess applies for both scenarios, I just wanted to give a simple example.

Yes, insurers are basically gamblers. However, professional gamblers make educated bets and don't put their money on horses that have lost them too much money in the past

Then why have a NCT that validates a cars safety? is a 2012 car with no NCT safer than a 2004 with NCT. Whats going to happen is people will have to take out loans/credit just so they have a car they can get decent insurance on....like the boom all over again.

Sue Pa Key Pa

Iseedeadpixels wrote: »

Then why have a NCT that validates a cars safety? is a 2012 car with no NCT safer than a 2004 with NCT. Whats going to happen is people will have to take out loans/credit just so they have a car they can get decent insurance on....like the boom all over again.

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

Iseedeadpixels

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

I literally got told they dont insure older cars as they are unsafe and more prone to accidents :rolleyes:

johndaman66

grogi wrote: »

The cheaper the car, the higher probability it is under-maintained. I still remember the thread 'I failed the NCT on shock imbalance. FFS, the car is worth less than replacing them, I won't be spending that kind of money on €500 ar. How can I cheat the NCT?!'

Badly maintained cars is not confined to older cars, far from it. If you were to go into a shopping centre and look at cars from 2010 upwards it might just shock you how many are on tyres that virtually down to the wire. Try not to loose sight of the fact that the NCT is just a snapshot of the road worthiness of the car on the day it is tested. A lot can happen in the meantime to the next test, in particular for a car less than 10 years old that's tested every 2 years.


Might be interesting to get some quotes for someone with a full ncb and many years of claims free driving who is driving a car worth a grand. Then get a quote for someone who had a serious accident for which they were at fault within the past 5 yrs but driving a car only a few yrs old worth in excess of €20k - keep all other particulars the same as initial motorist.

honda boi

Got the renewal quote for missus and meself.
I'm a named driver on missus policy.
Age : 24
NCB: 5
Car : 04 ford cmax 1.6tdci.
Me:24
No penalty points between us.
Ulster bank renewal: €734
Had a motorbike accident last year(non fault)
Claim still open so don't think I can price around!!
Would adding any of my parents drop the quote you think?
We don't live with them so can they still be added?
Quote isn't actually that bad compared to others but wanna try knock a few quid off.
Can see me ringing them and them telling me that quote was an error and adding a 1 in front of the €700:p

JamboMac

honda boi wrote: »

Got the renewal quote for missus and meself.
I'm a named driver on missus policy.
Age : 24
NCB: 5
Car : 04 ford cmax 1.6tdci.
Me:24
No penalty points between us.
Ulster bank renewal: €734
Had a motorbike accident last year(non fault)
Claim still open so don't think I can price around!!
Would adding any of my parents drop the quote you think?
We don't live with them so can they still be added?
Quote isn't actually that bad compared to others but wanna try knock a few quid off.
Can see me ringing them and them telling me that quote was an error and adding a 1 in front of the €700:p

Can you increase the value of your car? Could decrease the premium don't know why, but it works.

mrsdewinter

Can't believe I'm back here again. Well, here goes...

Gender: F

Age: 42 (at renewal)

Car: 09 Ford Focus 1.6l

Licence, full 17 years (got points for speeding in early 2014 - can't remember whether they're still live)

Cover: comprehensive

Renewal: €914 (€1,015 without online renewal) - 123.ie

Clearly I need to rethink the comprehensive cover. What a joke...

Iseedeadpixels

mrsdewinter wrote: »

Can't believe I'm back here again. Well, here goes...

Gender: F

Age: 42 (at renewal)

Car: 09 Ford Focus 1.6l

Licence, full 17 years (got points for speeding in early 2014 - can't remember whether they're still live)

Cover: comprehensive

Renewal: €914 (€1,015 without online renewal) - 123.ie

Clearly I need to rethink the comprehensive cover. What a joke...

Try 25plus.ie

kerten

mrsdewinter wrote: »

Can't believe I'm back here again. Well, here goes...

Gender: F

Age: 42 (at renewal)

Car: 09 Ford Focus 1.6l

Licence, full 17 years (got points for speeding in early 2014 - can't remember whether they're still live)

Cover: comprehensive

Renewal: €914 (€1,015 without online renewal) - 123.ie

Clearly I need to rethink the comprehensive cover. What a joke...

I have a 05 Focus 1.6 and this year's quote was 700E from Allianz. Also My profile is worse than yours(36 years old male).

wonski

kerten wrote: »

I have a 05 Focus 1.6 and this year's quote was 700E from Allianz. Also My profile is worse than yours(36 years old male).

Believe me that there is no profile, nor a logic behind this

Some strange numbers, and - judging by the people I recently met that spend a lot of their time dealing with "numbers", skewed as hell:D

I moved from 00 (old, unsafe) 2.0 supercharged Merc coupe to a 05 Volvo s40 1.8 (Ford Focus really, younger, slow and relatively safer).

Paid €€€ extra to change (no admin charge) and have no idea why.

There is a number, somewhere, proving that the same person driving an older, 160bhp coupe is a lower risk than one changing to a rather boring, loaded with safety features, 5 years younger and slow as f**k swedish 4 door sedan.

Or, there is a stat somewhere, that the one changing car midterm is more likely to go ahead with the new quote, regardless of the cost.

I guess the second option is what happens, same with renewals...

Guy Sajer

33

Male

1.2

3 years full licence

1 claim


Refused quote.

I reversed into a car parked across the street while reversing from my drive. A small bump.
Left a note behind with details but couldn't afford to pay without going through insurance. Should have driven off as now I'm going to have to sell car as cannot get a quote.

wotzgoingon

Are you in the UK like your location says. There is specialized companys who will quote you over there.

Guy Sajer

wotzgoingon wrote: »

Are you in the UK like your location says. There is specialized companys who will quote you over there.

Just moved back to Ireland.
Got a quote of 2700 with chill

wotzgoingon

Guy Sajer wrote: »

Just moved back to Ireland.
Got a quote of 2700 with chill

It would have been probably cheaper to fix the car you hit.

Guy Sajer

wotzgoingon wrote: »

It would have been probably cheaper to fix the car you hit.

I would have if I could have afforded it but the only option was insurance.

That chill insurance quote changed to 4,400 after all details given.

wotzgoingon

Guy Sajer wrote: »

I would have if I could have afforded it but the only option was insurance.

That chill insurance quote changed to 4,400 after all details given.

Jesus that's scandalous. There used to be a company called Xs-Direct who gave cheap rates but at the cost of having a huge excess of 3,000 where by if you had a crash you had to pay the first 3,000 euro but they left the market a few years ago but came back recently but I do not know if they still operate the same way as they did back then.

Foxhole Norman

Last year - 2002 525i Sport - Fully Comp, NCB Protection - €970, swapped to 540i from April till September, up to €1,650

This year - 2003 540i Sport 4.4 V8 Auto at 23, renewal came in at €2,431 got them down and paid €2,071 after adding the Mother and dropping my claim protection, couldn't justify the 10-15% of the renewal for it.

wotzgoingon

Foxhole Norman wrote: »

Last year - 2002 525i Sport - Fully Comp, NCB Protection - €970, swapped to 540i from April till September, up to €1,650

This year - 2003 540i Sport 4.4 V8 Auto at 23, renewal came in at €2,431 got them down and paid €2,071 after adding the Mother and dropping my claim protection, couldn't justify the 10-15% of the renewal for it.

That's not too bad considering the car and your age.

grogi

Foxhole Norman wrote: »

Last year - 2002 525i Sport - Fully Comp, NCB Protection - €970, swapped to 540i from April till September, up to €1,650

This year - 2003 540i Sport 4.4 V8 Auto at 23, renewal came in at €2,431 got them down and paid €2,071 after adding the Mother and dropping my claim protection, couldn't justify the 10-15% of the renewal for it.

Call me crazy, but dropping NCB protection is the second most irresponsible thing, after driving without insurance, to do...

wotzgoingon

grogi wrote: »

Call me crazy, but dropping NCB protection is the second most irresponsible thing, after driving without insurance, to do...

I'm driving years and have never had NCB protection.

SCOOP 64

wotzgoingon wrote: »

I'm driving years and have never had NCB protection.

Take it you have never had the misfortune of making a claim then.

Sadb

grogi wrote: »

Call me crazy, but dropping NCB protection is the second most irresponsible thing, after driving without insurance, to do...

Ncb protection isn't worth the paper it's written on. You still have to disclose all claims to other companies who in turn won't quote you because of said claim. You are stuck with your current company who can then charge you what they like!

wotzgoingon

SCOOP 64 wrote: »

Take it you have never had the misfortune of making a claim then.

I will admit I had a few tips in the early years but took it on the chin and started fresh again.

Sadb wrote: »

Ncb protection isn't worth the paper it's written on. You still have to disclose all claims to other companies who in turn won't quote you because of said claim. You are stuck with your current company who can then charge you what they like!

That was always my reasoning for not getting it.

Foxhole Norman

grogi wrote: »

Call me crazy, but dropping NCB protection is the second most irresponsible thing, after driving without insurance, to do...

Didn't have it before last year, it was only 30 quid to add it last year, can't justify 300 this year.

Sadb

Your Age: 36
Car type and engine: 04 Toyota Avensis 1.8ltr
years driving: 12 years, 11 with full licence
any claims: yes, for own car 3 years ago €2000
Price and provider: €564 AIG

Dh named driver, age 38.

grogi

Sadb wrote: »

Ncb protection isn't worth the paper it's written on. You still have to disclose all claims to other companies who in turn won't quote you because of said claim. You are stuck with your current company who can then charge you what they like!

If you come with 6 years of NCB, many companies will quote you even with a recent claim. If you come without, forget about it...

What's true is that nobody will touch you with an unsettled claim. But once this is over, it is much better to have NCB than not.

Sadb

grogi wrote: »

If you come with 6 years of NCB, many companies will quote you even with a recent claim. If you come without, forget about it...

What's true is that nobody will touch you with an unsettled claim. But once this is over, it is much better to have NCB than not.

I couldn't get a quote from many companies once I disclosed my claim despite it being closed and having 9 years NCB.

ETA many don't even ask about ncb anymore they simply ask "have you had a claim of any kind in the last 3/4/5 years?"

Pokiedots

Your Age: 35
Car type and engine: 07 Toyota Rav 4 2.2l
years driving:11
any claims:0
NCB 0
Price and provider: Paylessdirect 7368
Liberty 5323

wotzgoingon

Pokiedots wrote: »

Your Age: 35
Car type and engine: 07 Toyota Rav 4 2.2l
years driving:11
any claims:0
NCB 0
Price and provider: Paylessdirect 7368
Liberty 5323

Wow that is crazy considering your age.

Pokiedots

wotzgoingon wrote: »

Wow that is crazy considering your age.

I know, I was expecting it to be high but not that high!

Sue Pa Key Pa

I don't think you've tried enough insurers. I would suggest calling a broker. Costs you nothing to get a quote

Sadb

grogi wrote: »

If you come with 6 years of NCB, many companies will quote you even with a recent claim. If you come without, forget about it...

What's true is that nobody will touch you with an unsettled claim. But once this is over, it is much better to have NCB than not.

I just went to get a quote from boi, disclosing my claim from 3 years ago and stating that I had 10+ years ncb. The quote was €2978!!!! Same as if I never had ncb protection.

Pokiedots

Sue Pa Key Pa wrote: »

I don't think you've tried enough insurers. I would suggest calling a broker. Costs you nothing to get a quote

I will definitely be contacting a broker in the morning, crazy stuff!

Sue Pa Key Pa

Sadb wrote: »

I just went to get a quote from boi, disclosing my claim from 3 years ago and stating that I had 10+ years ncb. The quote was €2978!!!! Same as if I never had ncb protection.

NCB Protection is usually only good for the insurer you are with at the time of the claim

grogi

Sadb wrote: »

I just went to get a quote from boi, disclosing my claim from 3 years ago and stating that I had 10+ years ncb. The quote was €2978!!!! Same as if I never had ncb protection.

And how much if you hadn't had NCB protection?

Sadb

grogi wrote: »

And how much if you hadn't had NCB protection?

It was the same amount. I did it first with no ncb and then did it with ncb and came out the same.

Sadb

Sue Pa Key Pa wrote: »

NCB Protection is usually only good for the insurer you are with at the time of the claim

Yep but you are then also stuck with them and they can then charge what they like. The two years previous to the claim my premium was €264 and €295. After the claim it shot up to €500 then €600. I got my renewal before the accident of €298 (accident was 10 days before renewal date) and when I went to renew I was told that that renewal quote was no longer available!

Sue Pa Key Pa

Sadb wrote: »

Yep but you are then also stuck with them and they can then charge what they like. The two years previous to the claim my premium was €264 and €295. After the claim it shot up to €500 then €600. I got my renewal before the accident of €298 (accident was 10 days before renewal date) and when I went to renew I was told that that renewal quote was no longer available!

So the €2,978 is not your renewal quote from your current insurer?

Sadb

Sue Pa Key Pa wrote: »

So the €2,978 is not your renewal quote from your current insurer?

No. My renewal with my current company is €564. Someone was saying up thread that having no ncb protection was nearly as irresponsible as having no insurance and I was pointing out that ncb protection is hardly worth the paper it's written on as you still have to disclose the claim if changing company and many won't even give a quote (as happened ime) if you have had a claim, even if your ncb is still intact (which mine is as I had full ncb protection, not step back). Ncb protection is really only good for your own company and even then it's not always worth it.