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Insurance brokers

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  • 13-01-2017 11:42pm
    #1
    philstar
    Banned (with Prison Access) Posts: 2,986 ✭✭✭


    Seriously though...is there any advantage to using them other than dealing with a company directly??


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    #2
    q85dw7osi4lebg
    Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Aviva quoted me €2000, a broker got me the same cover with Aviva for €1450.


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    #3
    philstar
    Banned (with Prison Access) Posts: 2,986 ✭✭✭philstar


    well i was quoted 770 from my broker and after phoning around myself i got a quote of 720....so i don't know :confused:


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    #4
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,720 Mod ✭✭✭✭Henry Ford III


    A good broker can be valuable for sure.


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    #5
    sporina
    Registered Users Posts: 6,889 ✭✭✭sporina


    hi how does one choose a broker for car insurance? I am in Cork - or can I use one anywhere?


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    #6
    pawrick
    Registered Users Posts: 1,726 ✭✭✭pawrick


    sporina wrote: »
    hi how does one choose a broker for car insurance? I am in Cork - or can I use one anywhere?

    You can use any broker in the country


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    #7
    amor3
    Registered Users Posts: 834 ✭✭✭amor3


    I used a broker yesterday looking for a quote for my son, not 1 company would insure him out of the 13 they had on their system.


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    #8
    sporina
    Registered Users Posts: 6,889 ✭✭✭sporina


    pawrick wrote: »
    You can use any broker in the country

    but is there any advantage in meeting them in person? its a lot to cover over the phone?


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    #9
    Skatedude
    Registered Users Posts: 2,674 ✭✭✭Skatedude


    philstar wrote: »
    Seriously though...is there any advantage to using them other than dealing with a company directly??

    using them gives you more quotes, one of which might actually be good


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    #10
    9935452
    Registered Users Posts: 2,757 ✭✭✭9935452


    Henry Ford III wrote: »
    A good broker can be valuable for sure.

    Agree completely but there are muppets out there too .
    I was with a broker who was the damn good at what he did .
    You always felt you were getting value.
    He retired and his replacement is quite frankly useless.
    No interest at all . End result is i moved my 4 policys elsewhere.

    Op The one thing is will say about them is get them to do the legwork. Find out who their quotes are with and see if you can get a cheaper quote with the same insurance company. if not go with the broker.


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    #11
    sporina
    Registered Users Posts: 6,889 ✭✭✭sporina


    sporina wrote: »
    but is there any advantage in meeting them in person? its a lot to cover over the phone?

    i went to two brokers yday - best quote one could give me was €900 = my renewal fully comp is €686..
    Have to hear back from the other co


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    #12
    bmwguy
    Closed Accounts Posts: 2,006 ✭✭✭bmwguy


    Brokers generally buy a lot of insurance from insurance companies so can buy at a discount. Obviously they add their brokerage charge but if it's still less than direct purchase, use them. If not, don't. A lot of them out there so they are getting the business


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    #13
    bidiots
    Registered Users Posts: 1,491 ✭✭✭bidiots


    Is there a list of recommended brokers in this thread?


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    #14
    grogi
    Registered Users Posts: 8,615 ✭✭✭grogi


    philstar wrote: »
    Seriously though...is there any advantage to using them other than dealing with a company directly??

    I find using a broker, in typical meaning, a painful and inconvenient experience...

    If in future you need a certificate of no-claims - the company will not deal with you, you need to go through the broker. You need to alter anything - broker... Etc. And the quotes I was getting through various crowds around never were really competitive.


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    #15
    Skatedude
    Registered Users Posts: 2,674 ✭✭✭Skatedude


    grogi wrote: »
    I find using a broker, in typical meaning, a painful and inconvenient experience...

    If in future you need a certificate of no-claims - the company will not deal with you, you need to go through the broker. You need to alter anything - broker... Etc. And the quotes I was getting through various crowds around never were really competitive.

    really, my broker always sends out the no-claims certs and good quotes without fail every year. never has any issues asking for them to check for additional cover etc.


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    #16
    grogi
    Registered Users Posts: 8,615 ✭✭✭grogi


    Skatedude wrote: »
    really, my broker always sends out the no-claims certs and good quotes without fail every year. never has any issues asking for them to check for additional cover etc.

    For named driver experience as well?


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    #17
    Skatedude
    Registered Users Posts: 2,674 ✭✭✭Skatedude


    grogi wrote: »
    For named driver experience as well?

    Yep, My mother had 4 years as a named driver, they sent out the letter which they also sent to axa which honored it as a discount when she moved to her own policy


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    #18
    Sue Pa Key Pa
    Closed Accounts Posts: 2,060 ✭✭✭Sue Pa Key Pa


    I think some posters here misunderstand the role of an insurance broker. When you take out a policy through a broker, they are acting with your authority, to conduct business with an insurer as if they are you.

    Therefore, any alterations, requests for documentation etc. must be made through them, as your appointed representatives. They act in your interest securing the best premium they can and interpret the levels of cover, restrictions and shortfalls in any policy using their expertise. The real benefit, in my opinion, in using a broker is when it comes to claims. Most of the issues posters seem to have with insurance companies is related to them being perceived as "screwing them over" if a claim occurs

    In my significant experience, this is usually down to 2 things. Either a policyholder hasn't got the full grasp of the reasons insurers make their decisions OR because inexperienced insurance company staff make mistakes and get some things wrong. A good insurance broker can handle both these scenarios and rectify the problem before it festers.

    Well and good if you are knowledgeable and confident to deal with those matters yourself but, if you're not, a broker is your best bet.
    Obviously, an insurance broker is like a pint of Guinness, a bad one can .......etc.


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    #19
    sporina
    Registered Users Posts: 6,889 ✭✭✭sporina


    sporina wrote: »
    i went to two brokers yday - best quote one could give me was €900 = my renewal fully comp is €686..
    Have to hear back from the other co

    never heard back from the other broker..

    i got my insurance with Axa via AA for €500 - fully comp ..

    So not only did they give me their best as higher than what i got in the end, but theirs was higher than what my renewal was..

    So much for brokers.. and i went to 2..


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    #20
    Sue Pa Key Pa
    Closed Accounts Posts: 2,060 ✭✭✭Sue Pa Key Pa


    sporina wrote: »
    never heard back from the other broker..

    i got my insurance with Axa via AA for €500 - fully comp ..

    So not only did they give me their best as higher than what i got in the end, but theirs was higher than what my renewal was..

    So much for brokers.. and i went to 2..

    The AA are brokers, so you went to 3 and one of them came through for you


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    #21
    sporina
    Registered Users Posts: 6,889 ✭✭✭sporina


    Sue Pa Key Pa wrote: »
    The AA are brokers, so you went to 3 and one of them came through for you

    oh - everyday is a school day..
    but how come the other 2 brokers could not even come close price wise?


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    #22
    Sue Pa Key Pa
    Closed Accounts Posts: 2,060 ✭✭✭Sue Pa Key Pa


    sporina wrote: »
    oh - everyday is a school day..
    but home come the other 2 brokers could not even come close price wise?

    Because brokers have different insurance companies and schemes they have access to. That's why brokers compete with each other and why there are so many out there. They gave you their best price, but 2 of them weren't competitive for your profile


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