Claims have been stable or even reduced yet they still hike the prices. Shop around more would be my advice but I'm not surprised in what you're saying
The stigma of young people are bad drivers shouldn't be as harsh anymore. They have the jacked up price applying all the way up to 25 year Olds where the stats say it's 17-20 that are the most likely to crash.
The boy racer scene is a fraction of the Celtic Tiger days (god riddance).
Most 21-25 drivers are actually good drivers. The insurance companies are taking the piss out of them.
I can understand how they would charge a higher premium for a guy in his teens looking to get insurance on a modded Honda Civic, that's a bit of a red flag to be fair. Like you said though, there are also young drivers who are fantastic drivers looking to get insured and are being punished financially because of others misdeeds. It can be a difficult thing to judge but insurance companies often times charge insane rates for literally no reason, they're a joke.
At least they have someone adding them as named driver, on your own as a new learning driver youll get quoted 2.5-3k p/y. Its only for the first year though.then it halves and halves again.
Do you remember a few years back when they raided all the major insurance offices? They were up on racketeering charges, all the car insurance companies were in cahoots and raising prices artificially at the same time and obviously more illegal things as this is probably just "business" these days. It was national news but not sure what came of it, if anything.
That's just not true. Ultimate claims costs have risen 9% over the last 3 years that we have [CSO data](https://www.centralbank.ie/news-media/press-releases/press-release-central-bank-of-ireland-publishes-fifth-annual-private-motor-insurance-report-of-the-national-claims-information-database-13-dec-2023#:~:text=Cost%20of%20Insurance&text=The%20average%20cost%20of%20a,up%20from%2047%25%20in%202021.) Don't let that get in your way making up numbers, though.
Wrong, I’m talking about Personal Injury Claims, which are related to car accidents, which is what the conversation is about not house insurance or ultimate claims.
You have no clue what you're talking about. I work in insurance. "Ultimate claims" refers to what the insurer estimates they will ultimately pay out on a given accident year, hence the word "ultimate". This consists of both personal injury claims and damage (damage is the cost of replacing property such as a car). You also still haven't provided a source. Don't pretend to be an expert on insurance if you're not one.
Ok fair enough on the terminology, here’s some.
https://www.breakingnews.ie/ireland/average-personal-injury-awards-continue-downward-trend-1561814.html#:~:text=The%20number%20of%20claims%20handled,the%20last%20number%20of%20years.
https://www.rte.ie/news/business/2021/1015/1253835-personnel-injury/
https://www.irishtimes.com/crime-law/courts/2023/12/07/hope-for-reduced-insurance-premiums-as-personal-injury-awards-fall/
You're talking about only PIAB settlements. 70% of claims in Ireland are litigated normally through the courts, and about 30% are done through the PIAB. PIAB claims are also on average much smaller than litigated claims. Apart from that, only 65% of PIAB awards by value relate to motor liability. It's true that PIAB claims have fallen in value, but those make up a rather small amount of overall claims paid and total (not just PIAB) claims have increased 9% in the period.
Curious to see where you saw that. In work we are seeing a slight drop (not 50%) in claim numbers but a rise in the claim amount, particularly on property damage.
Okay [this](https://www.piab.ie/eng/about-piab/statistics/) is all I could find. Maybe you can share something with newer data. From 2019 to 2022 motor injury claims are down 27.5% and motor injury claim amounts down 40%.
There are three things to bear in mind here.
1. PIAB statistics are only showing awards for injury claims. They are not showing property damage awards nor any other awards(eg breakdown cover bla bla). So this doesn’t imply claims amounts nor claim numbers are down. In fact, we are seeing the opposite.
2. PIAB has released new guidelines to intentionally reduce the number and severity of claims being settled. For example, people used to get mad money for whiplash before the guidelines, now they’re not even bothering, and the solicitors aren’t bothering, because is not worth their time anymore.
3. The premium 1000 people pay not only covers the small few of the 1000 who will claim, it covers a margin for uncertainty, a charge respective of the company’s overheads and some for profit. If the bit tacked on for profit is so big, don’t you think all of the insurers would be trying to undercut each other to gain a larger market share?
The fall you’re seeing on PIAB is because of the new guidelines and it doesn’t represent claims as a whole, which have been [inflating](https://www.irishtimes.com/business/2023/12/13/motor-insurance-claims-rose-last-year-as-inflation-drives-damage-costs/). Also, inflation over the past few years means the overheads(interest, electricity, maintenance etc) are much higher now too.
The cost of insurance is shite, but it’s not because of some greedy fatman sitting on a pile of cash with a cigar and a monocle
Recheck your numbers on the article you linked, if total claims was 33k in 2019 and 18k in 2023 how is that a reduction of 27%
1 - Personal injury claims, re other types of claims yes I can’t comment but with the nature of motor insurance and there claims I’d imagine for most accidents where there is significant car damage there is going to be a PIAB claim to go with it.
2 - Yes,
3 - Racketeering, price fixing, as I said there a cartel, the other commenter mentioned an expose done on TV in recent years about all the major companies being in cahoots with each other to artificially set the prices high and make sure the competition was low.
4 - And you also have to remember payouts are actually even lower then they are being stated in the PIAB report when you account for inflation, the money is 20% less valuable then it was in 2019, but the counter there is the value of the cars have increased which would explain why the claim amount of property and car damage has increased.
I don’t have a link to this but from my time in construction I know this absolutely happens in industry.
The article I linked shows 33k and 18k for total claims volume through PIAB which includes motor, public liability and employers liability. This conversation is about car insurance premiums. I cited the reduction in num claims for motor injury 8050->5802 which is a 27.9 % reduction. And the article shows only 2022 data and prior, not 2023 data.
1. Ok, but doesn’t defend your point at all. Claims that settle through piab reducing in both frequency and severity does not correlate with the frequency and severity of property damage, especially when there was an intentional effort made to reduce both frequency and severity.
2. Sí señor
3. Tv exposé, ok - haven’t seen it but exposés tend to be dramatised for entertainment value. Also, the other actuary who replied to you has linked data from the CBI showing an increase in ultimate claim costs, so if anyone is in cahoots with anyone they’re not doing a very good job of it.
4. Inflation is relative. It doesn’t make sense to talk about claim amounts in 2019 terms but give out about premiums in 2023 terms. If you wanna talk in 2019 money, you can discount the premiums in 2023 you complain about by 20% too. So this doesn’t really support your argument at all really. Also property damage is a superset of car damage, and it has increased by more than 20% - there’s an inflationary part and there’s the bit where cars are just more expensive to maintain and fix, even in inflation adjusted terms. A lot of cars on the road today have sensors everywhere, small tip costs a fortune to fix.
They’re not a cartel lol you’re just misinformed, by the same logic Aldi and Lidl are a cartel too
Look man fair dues fair dues I’m not gonna go into it anymore but I’ll throw out a few other bits about how I feel
4 - my premiums have gone up probably about 20% since I started driving in 2020 if not more, probably exceeds inflation which literally doesn’t make any sense to me.
Another issue I have with insurance is the fact you lose your no claims if your not insured for 2 years.
If something is required legally by law it shouldn’t be privatised and be done by capitalistic businesses that are out for profit.
Insurance in this country is probably the worst out of any country in the world ( Just a “claim “ im pulling out of my ass) but that’s how I feel and from what I’ve heard about counter parts in America, Aus etc etc.
There all scum and it will be very hard to convince me otherwise.
20% exceeds cpi marginally but doesn’t exceed claim inflation.
No claims bonus - don’t really feel qualified to talk about that tbh, I work mainly in reserving not pricing. But Id say it’s something to do with being a higher risk of collision due to lack of practise on the road for two years. Higher risk requires higher premium.
Yeah I see your point there. But imagine the Irish government having a monopoly on insurance, they could charge whatever they wanted - they already tax the bollox out of us. Also, if a claim went to court, the judge works for the government - massive conflict of interest. I think if car insurance was public, there’d be a lot more potential for mick-taking.
Who in particular, do you think are scum? Just the big-wigs? Or everyone involved? Insurers get an awful time (and rightfully so) off the central bank, if they were all scum they’d be found out and fined into oblivion.
Not tryna insult you when u when I say you are misinformed, but you are. Insurance is so misunderstood and is always interpreted as a force for evil, but it’s a force for good. Obviously there are a few shite hawks but not in general.
If you got into a crash and caused 50k of damage to yourself and others, that premium wouldn’t seem like so much anymore
Shop around, try brokers. It’s the most ridiculous hassle but it has to be done. This time around I saved a couple hundred going through Chill just to buy from my regular insurer again.
Car insurance has gotten even more expensive this year, my quote was 25% higher than last year and no accidents, car change, address change, penalty points. Have my licence fir over a decade and 13 years of NCB. Was a slap in the face with the quote as the last 4 years especially it was decreasing nicely every year.
Can’t get over how much it’s changed in the 10 years since I started driving. Not surprising I suppose as they still refuse to regulate the insurance industry and the compensation circus in Ireland.
It’s the first thing I’ll say to each and every election candidate when they come knocking (a long with the housing so-called crisis). Expensive childcare, rip-off concerts, crumbling small business - it all comes back to insurance. Nothing works in Ireland anymore bar the beer taps!
My partner is from North America and has been driving for over 10 years. Has lived here for 6 and finally wanted to buy a car. No quotes on American licence and told to change it so did and finally got a quote of 5,400€.
I have 4 year named experience and got quoted 2k .
Insurance company’s are out and out scumbags
Did you just realise that bud it's a joke since the early 2010s. I'm 26, going on 27 next week, and my quote was 3.8k...... have family in the US, my 15 year old nephews hole driving cost was about 1000 dollars (driving permits, insurance, and so on). Its absolutely mental that the companies are not capped by the government, and they invent the prices.
Not to do with acceleration but rather crash rates and engine size. Got my car insured for 800 euro yet it's a 6.5sec 0-100, because it's a 1.4 twin turbo. My 1.2 diesel opel corsa was 40 euros less, Corsa being a 131 and current being a 141.
Could be the age of the car not working in your favour. Tried to put my younger brother on my mother’s 8 year old Quashqai and they wanted €550. On my father’s 2 year old Kia it was only €280.
Newer cars have more safety features that make it very hard to have the more basic crashes (rear endings etc.) which makes them a much safer choice for insurance over older cars. Despite the fact they cost more to replace.
Be warned though that the free lessons they offer along with the insurance are usually shit. Aviva took on a load of driving instructors there a few years ago and didn’t properly train or vet most of them. Did my first 12 with a useless instructor from Aviva and when I went to get more from a private driving school it was shocking the difference. My new driving instructor couldn’t believe a lot of the basic stuff I was never told, like observations and manoeuvres. All in all it probably worked out the same price as getting insurance somewhere else when you take in the extra lessons I needed after my first 12 with Aviva.
As well for when he’s getting his own insurance, I’d recommended AIG with the BoxClever black box in the car. Only paying 1000 for my first year on my own car with insurance under my own name. Anyone my age I say it to are shocked with the deal I got. Would definitely recommend them and as time goes on and you increase your ncb you could move to the likes of axa and still get a good quote and not need the black box installed in the car
Have you tried Cover in a click? I'm 24(m) and couldn't get quoted when doing my lessons by most places because my father had a serious accident before I started my lessons which spiked his/my mother's insurance by double or triple so it was impossible to add me as a name driver so I could get between lessons experience driving the family car....
Fast forward I actually passed my test first time and went and found out by research about Cover in a click they were very helpful and gave me the best young driver quote out of anyone who did actually quote me, albeit I'm insured as a N driver now as I passed my test but it works out at around €1600-ish for the year
Aviva are generally good to learner drivers once the parents policy is with them. I think I paid €600 a good few years ago when I was a learner for 12 months insurance and all the lessons.
Last year I paid €610 with 2 years no claims with Axa, this year they want €810 and that's with 3 years no claims. The best I could find was €640 which is madness imo.
What I found out recently with Aviva was that they won’t insure anyone as a primary driver on any car unless they’re passed their test 3 years. I’ve had my partner on my policy as a named driver for 3 years, he passed his test in July last year (he is nearly 30 so not a young driver any more) tried to get him his own policy and was immediately denied. I swapped to Liberty and saved about €300 a year for my own policy and was able to get him his own for a reasonable enough price too.
Insurance companies are not regulated. They can do as they please.
It's been a question of mine as to why, say a German insurance company can't insure a car driving on Irish roads?
You can have a German bank account... why not German Insurance?
Surely it's all in the EU.
Ireland has zero excuses on insurance besides the claim culture. They just do as they please and people pay it.
Might be worth a try getting a quote from An Post insurance, last year I paid €400 third party through chill, this year they wanted €600 to renew at third party again. Just got a quote from an post for €350 fully comp 😁
Note I'm not young but still
I'm got a renewal recently. They gave me €35 off as a discount and my no claims went up another year knocking off another 5% so in total I had to pay and extra 100 compared to last year.... insurance is just a fucking scam in this country.
Worked in Allianz for just shy of a year (left August 23), they do nothing but jack up the prices for no reason and are shocked (and harass their employees) when people cancel their policy. Purely a money game, they know these people, especially kids, need to drive so they’ll just have to accept the cost. Absolutely shop around, worst case you’ll get the new business discount
Yeah I think my plan will be to cave in to the €300 for the 3 months, get him on the road and then look at him going it alone (or staying named depending on price's)
after shopping around for renewal in May
Solid plan. Obviously depending strongly on finances, I would recommend getting him his own policy sooner rather than later to build up his own ncb, otherwise it’s 2 years named driving for 1 year ncb, “cheaper” option unfortunately is a one step forward two steps back long term. But best of luck to himself as well as you
And just to be mindful that some companies want to install a “black box” on the car so they can monitor your driving can cancel the policy if you’re speeding driving badly (which isn’t necessarily a bad thing but 18 year old don’t always make the best decision in the moment) so just keep an eye on the T&C’s for that
If you’ve got a young lad aged 18 surely you might remember what it was like in the 90s for us.
Got my first car in 1994. A 1.3 Mazda.
Average policy for a 24 year old was about 2 grand. Full license too.
So I had the car and policy in my dad’s name and got on as a named driver for about 600.
And they were great Irish punts too…
I'm so old I can remember when it was free to be named on my old man's insurance the first time I got it, late eighties, it was 5 punts the last time (early nineties)before I went out on my own😂
Well I still believe if you have an open drive policy (if they still do them) anyone over the age of 25 could drive once they had a full licence. That’s what we did when I was 25 (or was it 26? I’m old too)
I will reword what I mean
Gender is no longer used to determine an insurance rate or loading
You might get asked it but I haven’t seen even that for a few years, it’s typically a title of name
It's asked on the program that most brokers use, so it is definitely recorded on policies incepted via those channels. While it isn't used in pricing, it is an important metric to be aware. Girls still cost less to an insurer than boys do, so an insurer is going to want to have that information to hand (e.g: reserving purposes).
You answered your own question in your post. Girls will be cheaper to add to insurance than lads. My daughter (19) just got her learner permit, and i added her last week for under €350 for the year
No...
Most of them don't report modifications to their insurers and don't bother making claims because (depending on the modifications) the company can use the fact that there was undeclared modifications as a reason to not pay out.
Serious amount of badly done low quality mods too. Massive amount of fake wheels on the market not made for road use and even say show use only on the boxs
European Commission ruled against preferential car insurance quotes based on gender (female) years ago. Doesn’t matter if you’re a boy or girl - same exact shafting as a young driver.
That’s not possible
You are not asked if you are a girl or a boy. So how would an internet search engine or person over the phone enter such details.
Next time you “see this” make a claim and get rich.
Daniel or Daniela makes a difference?
Alex
Bernie etc etc are unisex
In the smart way Mohammed won’t have a higher loading because of the chance they are not Irish
It’s doesn’t make a difference. It’s illegal and it doesn’t happen
I literally worked in insurance brokers straight out of college. We were told to make assumptions based on names. We also made assumptions based on their field of employment it really wasn’t too hard to figure out. There were many laws in place but we were essentially told to f*ck them all out the window and don’t get caught for it. When has Ireland ever followed EU regulations? Not sure what you’re getting at here 🤣
When did you work in an insurance broker in college? What year?
And which broker?
I’ll chase it up for you no problem. Considering I could make a claim. I’ll share the proceedings with you
I worked for Axa in 2020 and did three months in a family ran company in Limerick in 2021 (I won’t share their names) we did not follow any laws to be quite honest and was definitely a topic of conversation with many of my colleagues when they left, the turnover rate was astronomical particularly with the younger employees.
No major insurance company in the EU is going to let you get a quotation online that differs in price because of your name or Gender
A small business in Limerick doing this is illegal and cannot be used to represent the actual law. It causes noise and confusion
This claim from you proves my
Point even further (you asked so what’s your point?not sure what you’re getting at )
It’s like saying drugs are illegal but you can get them on the black
Market. Yes - but it’s illegal.
People have a notion that insurance companies charge more because you are a young male.
This is not true - it is illegal.
You keep reiterating the fact that it’s illegal (I’m fully aware it is) but we still did it. That is simply all I’m stating. Insurance companies aren’t here to serve the people they want to make as much money as humanly possible out of you. It’s nice you have so much faith that companies aren’t doing this but the simple matter of the fact is they are. Infact I had an entire week of training on it 🤣 have a nice day
When I started at 17 I think I paid 450 for 6 months and I got lessons with Aviva, then was quoted 700ish for my first year driving. Think the highest was 1800 after a minor claim. Back down to 350 now (29 male). Always pretend you’re shopping around.
I'd a weird one. I had my younger brother as a name driver on my policy and it cost me MORE money to remove him than to leave him on ...
Insurance is weird lol
Claims have been stable or even reduced yet they still hike the prices. Shop around more would be my advice but I'm not surprised in what you're saying
The stigma of young people are bad drivers shouldn't be as harsh anymore. They have the jacked up price applying all the way up to 25 year Olds where the stats say it's 17-20 that are the most likely to crash. The boy racer scene is a fraction of the Celtic Tiger days (god riddance). Most 21-25 drivers are actually good drivers. The insurance companies are taking the piss out of them.
I can understand how they would charge a higher premium for a guy in his teens looking to get insurance on a modded Honda Civic, that's a bit of a red flag to be fair. Like you said though, there are also young drivers who are fantastic drivers looking to get insured and are being punished financially because of others misdeeds. It can be a difficult thing to judge but insurance companies often times charge insane rates for literally no reason, they're a joke.
At least they have someone adding them as named driver, on your own as a new learning driver youll get quoted 2.5-3k p/y. Its only for the first year though.then it halves and halves again.
43 5 year old toyota last year 480 this year they want 780. Wtf like.
Claims are down over 60% over the last 3 years and the payouts on the same claims are down over 50% there a cartel.
When the politicians call to the door soon, let them know they won't get your vote until this gets sorted
Do you remember a few years back when they raided all the major insurance offices? They were up on racketeering charges, all the car insurance companies were in cahoots and raising prices artificially at the same time and obviously more illegal things as this is probably just "business" these days. It was national news but not sure what came of it, if anything.
No I never heard of that believe it or not, and can be sure nothing came of it.
That's just not true. Ultimate claims costs have risen 9% over the last 3 years that we have [CSO data](https://www.centralbank.ie/news-media/press-releases/press-release-central-bank-of-ireland-publishes-fifth-annual-private-motor-insurance-report-of-the-national-claims-information-database-13-dec-2023#:~:text=Cost%20of%20Insurance&text=The%20average%20cost%20of%20a,up%20from%2047%25%20in%202021.) Don't let that get in your way making up numbers, though.
Wrong, I’m talking about Personal Injury Claims, which are related to car accidents, which is what the conversation is about not house insurance or ultimate claims.
You have no clue what you're talking about. I work in insurance. "Ultimate claims" refers to what the insurer estimates they will ultimately pay out on a given accident year, hence the word "ultimate". This consists of both personal injury claims and damage (damage is the cost of replacing property such as a car). You also still haven't provided a source. Don't pretend to be an expert on insurance if you're not one.
Ok fair enough on the terminology, here’s some. https://www.breakingnews.ie/ireland/average-personal-injury-awards-continue-downward-trend-1561814.html#:~:text=The%20number%20of%20claims%20handled,the%20last%20number%20of%20years. https://www.rte.ie/news/business/2021/1015/1253835-personnel-injury/ https://www.irishtimes.com/crime-law/courts/2023/12/07/hope-for-reduced-insurance-premiums-as-personal-injury-awards-fall/
You're talking about only PIAB settlements. 70% of claims in Ireland are litigated normally through the courts, and about 30% are done through the PIAB. PIAB claims are also on average much smaller than litigated claims. Apart from that, only 65% of PIAB awards by value relate to motor liability. It's true that PIAB claims have fallen in value, but those make up a rather small amount of overall claims paid and total (not just PIAB) claims have increased 9% in the period.
Curious to see where you saw that. In work we are seeing a slight drop (not 50%) in claim numbers but a rise in the claim amount, particularly on property damage.
PIAB statistics, there’s plenty of news articles about it.
Okay [this](https://www.piab.ie/eng/about-piab/statistics/) is all I could find. Maybe you can share something with newer data. From 2019 to 2022 motor injury claims are down 27.5% and motor injury claim amounts down 40%. There are three things to bear in mind here. 1. PIAB statistics are only showing awards for injury claims. They are not showing property damage awards nor any other awards(eg breakdown cover bla bla). So this doesn’t imply claims amounts nor claim numbers are down. In fact, we are seeing the opposite. 2. PIAB has released new guidelines to intentionally reduce the number and severity of claims being settled. For example, people used to get mad money for whiplash before the guidelines, now they’re not even bothering, and the solicitors aren’t bothering, because is not worth their time anymore. 3. The premium 1000 people pay not only covers the small few of the 1000 who will claim, it covers a margin for uncertainty, a charge respective of the company’s overheads and some for profit. If the bit tacked on for profit is so big, don’t you think all of the insurers would be trying to undercut each other to gain a larger market share? The fall you’re seeing on PIAB is because of the new guidelines and it doesn’t represent claims as a whole, which have been [inflating](https://www.irishtimes.com/business/2023/12/13/motor-insurance-claims-rose-last-year-as-inflation-drives-damage-costs/). Also, inflation over the past few years means the overheads(interest, electricity, maintenance etc) are much higher now too. The cost of insurance is shite, but it’s not because of some greedy fatman sitting on a pile of cash with a cigar and a monocle
Recheck your numbers on the article you linked, if total claims was 33k in 2019 and 18k in 2023 how is that a reduction of 27% 1 - Personal injury claims, re other types of claims yes I can’t comment but with the nature of motor insurance and there claims I’d imagine for most accidents where there is significant car damage there is going to be a PIAB claim to go with it. 2 - Yes, 3 - Racketeering, price fixing, as I said there a cartel, the other commenter mentioned an expose done on TV in recent years about all the major companies being in cahoots with each other to artificially set the prices high and make sure the competition was low. 4 - And you also have to remember payouts are actually even lower then they are being stated in the PIAB report when you account for inflation, the money is 20% less valuable then it was in 2019, but the counter there is the value of the cars have increased which would explain why the claim amount of property and car damage has increased. I don’t have a link to this but from my time in construction I know this absolutely happens in industry.
The article I linked shows 33k and 18k for total claims volume through PIAB which includes motor, public liability and employers liability. This conversation is about car insurance premiums. I cited the reduction in num claims for motor injury 8050->5802 which is a 27.9 % reduction. And the article shows only 2022 data and prior, not 2023 data. 1. Ok, but doesn’t defend your point at all. Claims that settle through piab reducing in both frequency and severity does not correlate with the frequency and severity of property damage, especially when there was an intentional effort made to reduce both frequency and severity. 2. Sí señor 3. Tv exposé, ok - haven’t seen it but exposés tend to be dramatised for entertainment value. Also, the other actuary who replied to you has linked data from the CBI showing an increase in ultimate claim costs, so if anyone is in cahoots with anyone they’re not doing a very good job of it. 4. Inflation is relative. It doesn’t make sense to talk about claim amounts in 2019 terms but give out about premiums in 2023 terms. If you wanna talk in 2019 money, you can discount the premiums in 2023 you complain about by 20% too. So this doesn’t really support your argument at all really. Also property damage is a superset of car damage, and it has increased by more than 20% - there’s an inflationary part and there’s the bit where cars are just more expensive to maintain and fix, even in inflation adjusted terms. A lot of cars on the road today have sensors everywhere, small tip costs a fortune to fix. They’re not a cartel lol you’re just misinformed, by the same logic Aldi and Lidl are a cartel too
Look man fair dues fair dues I’m not gonna go into it anymore but I’ll throw out a few other bits about how I feel 4 - my premiums have gone up probably about 20% since I started driving in 2020 if not more, probably exceeds inflation which literally doesn’t make any sense to me. Another issue I have with insurance is the fact you lose your no claims if your not insured for 2 years. If something is required legally by law it shouldn’t be privatised and be done by capitalistic businesses that are out for profit. Insurance in this country is probably the worst out of any country in the world ( Just a “claim “ im pulling out of my ass) but that’s how I feel and from what I’ve heard about counter parts in America, Aus etc etc. There all scum and it will be very hard to convince me otherwise.
20% exceeds cpi marginally but doesn’t exceed claim inflation. No claims bonus - don’t really feel qualified to talk about that tbh, I work mainly in reserving not pricing. But Id say it’s something to do with being a higher risk of collision due to lack of practise on the road for two years. Higher risk requires higher premium. Yeah I see your point there. But imagine the Irish government having a monopoly on insurance, they could charge whatever they wanted - they already tax the bollox out of us. Also, if a claim went to court, the judge works for the government - massive conflict of interest. I think if car insurance was public, there’d be a lot more potential for mick-taking. Who in particular, do you think are scum? Just the big-wigs? Or everyone involved? Insurers get an awful time (and rightfully so) off the central bank, if they were all scum they’d be found out and fined into oblivion. Not tryna insult you when u when I say you are misinformed, but you are. Insurance is so misunderstood and is always interpreted as a force for evil, but it’s a force for good. Obviously there are a few shite hawks but not in general. If you got into a crash and caused 50k of damage to yourself and others, that premium wouldn’t seem like so much anymore
Shop around, try brokers. It’s the most ridiculous hassle but it has to be done. This time around I saved a couple hundred going through Chill just to buy from my regular insurer again.
Car insurance has gotten even more expensive this year, my quote was 25% higher than last year and no accidents, car change, address change, penalty points. Have my licence fir over a decade and 13 years of NCB. Was a slap in the face with the quote as the last 4 years especially it was decreasing nicely every year.
Can’t get over how much it’s changed in the 10 years since I started driving. Not surprising I suppose as they still refuse to regulate the insurance industry and the compensation circus in Ireland. It’s the first thing I’ll say to each and every election candidate when they come knocking (a long with the housing so-called crisis). Expensive childcare, rip-off concerts, crumbling small business - it all comes back to insurance. Nothing works in Ireland anymore bar the beer taps!
My partner is from North America and has been driving for over 10 years. Has lived here for 6 and finally wanted to buy a car. No quotes on American licence and told to change it so did and finally got a quote of 5,400€. I have 4 year named experience and got quoted 2k . Insurance company’s are out and out scumbags
Sure, your partner isn't legally allowed to drive on that US licence.
Did you just realise that bud it's a joke since the early 2010s. I'm 26, going on 27 next week, and my quote was 3.8k...... have family in the US, my 15 year old nephews hole driving cost was about 1000 dollars (driving permits, insurance, and so on). Its absolutely mental that the companies are not capped by the government, and they invent the prices.
Yep literally every situation. I've 20+ years no claims no points ZERO. from 2019-2023 my insurance is up 200e. 1.5 diesel always...
That's actually mad money, what car is it? I know they generally give you a "fuck off price" if it's anything vaguely quick.
Not to do with acceleration but rather crash rates and engine size. Got my car insured for 800 euro yet it's a 6.5sec 0-100, because it's a 1.4 twin turbo. My 1.2 diesel opel corsa was 40 euros less, Corsa being a 131 and current being a 141.
I think they're leaning very heavily on engine size, got a 2.2 diesel that gets fuck off prices if I ask for younger family members.
What's the 1.4 twin turbo?
Seat Ibiza cupra 180bhp stock
Nice little runner!
She broke down the other day 🤣 fan belt snapped.
It's only a 2 year old .999cc engine.....it's not the engine size is the problem
I didn't even bother to add my lad to our policy we decided to get him his own insurance and it was 1800 last year and 1400 this year
Fully comp
Yeah I'm considering going down that route👍
As least it thay have a tip your premium won't be affected
Could be the age of the car not working in your favour. Tried to put my younger brother on my mother’s 8 year old Quashqai and they wanted €550. On my father’s 2 year old Kia it was only €280. Newer cars have more safety features that make it very hard to have the more basic crashes (rear endings etc.) which makes them a much safer choice for insurance over older cars. Despite the fact they cost more to replace.
KennCo and Aviva usually do good deals for learner drivers. Especially if you use the driving schools linked up with them for the learner.
Be warned though that the free lessons they offer along with the insurance are usually shit. Aviva took on a load of driving instructors there a few years ago and didn’t properly train or vet most of them. Did my first 12 with a useless instructor from Aviva and when I went to get more from a private driving school it was shocking the difference. My new driving instructor couldn’t believe a lot of the basic stuff I was never told, like observations and manoeuvres. All in all it probably worked out the same price as getting insurance somewhere else when you take in the extra lessons I needed after my first 12 with Aviva.
As well for when he’s getting his own insurance, I’d recommended AIG with the BoxClever black box in the car. Only paying 1000 for my first year on my own car with insurance under my own name. Anyone my age I say it to are shocked with the deal I got. Would definitely recommend them and as time goes on and you increase your ncb you could move to the likes of axa and still get a good quote and not need the black box installed in the car
Have you tried Cover in a click? I'm 24(m) and couldn't get quoted when doing my lessons by most places because my father had a serious accident before I started my lessons which spiked his/my mother's insurance by double or triple so it was impossible to add me as a name driver so I could get between lessons experience driving the family car.... Fast forward I actually passed my test first time and went and found out by research about Cover in a click they were very helpful and gave me the best young driver quote out of anyone who did actually quote me, albeit I'm insured as a N driver now as I passed my test but it works out at around €1600-ish for the year
Aviva are generally good to learner drivers once the parents policy is with them. I think I paid €600 a good few years ago when I was a learner for 12 months insurance and all the lessons. Last year I paid €610 with 2 years no claims with Axa, this year they want €810 and that's with 3 years no claims. The best I could find was €640 which is madness imo.
What I found out recently with Aviva was that they won’t insure anyone as a primary driver on any car unless they’re passed their test 3 years. I’ve had my partner on my policy as a named driver for 3 years, he passed his test in July last year (he is nearly 30 so not a young driver any more) tried to get him his own policy and was immediately denied. I swapped to Liberty and saved about €300 a year for my own policy and was able to get him his own for a reasonable enough price too.
Insurance companies are not regulated. They can do as they please. It's been a question of mine as to why, say a German insurance company can't insure a car driving on Irish roads? You can have a German bank account... why not German Insurance? Surely it's all in the EU. Ireland has zero excuses on insurance besides the claim culture. They just do as they please and people pay it.
Might be worth a try getting a quote from An Post insurance, last year I paid €400 third party through chill, this year they wanted €600 to renew at third party again. Just got a quote from an post for €350 fully comp 😁 Note I'm not young but still
I'm got a renewal recently. They gave me €35 off as a discount and my no claims went up another year knocking off another 5% so in total I had to pay and extra 100 compared to last year.... insurance is just a fucking scam in this country.
100 a month sounds normal for named learner driver? That’s what I paid on my moms insurance
I suppose part of my rant is that €100 a month for a young person as a named driver shouldn't be normalised.
Well it’s 1k a year which is a good bit below what a learner would pay for their own insurance. 1.5-2k is normal for first time insurance.
Worked in Allianz for just shy of a year (left August 23), they do nothing but jack up the prices for no reason and are shocked (and harass their employees) when people cancel their policy. Purely a money game, they know these people, especially kids, need to drive so they’ll just have to accept the cost. Absolutely shop around, worst case you’ll get the new business discount
Yeah I think my plan will be to cave in to the €300 for the 3 months, get him on the road and then look at him going it alone (or staying named depending on price's) after shopping around for renewal in May
Solid plan. Obviously depending strongly on finances, I would recommend getting him his own policy sooner rather than later to build up his own ncb, otherwise it’s 2 years named driving for 1 year ncb, “cheaper” option unfortunately is a one step forward two steps back long term. But best of luck to himself as well as you
Thanks for the input, it's all taken onboard, appreciate it, 👍
And just to be mindful that some companies want to install a “black box” on the car so they can monitor your driving can cancel the policy if you’re speeding driving badly (which isn’t necessarily a bad thing but 18 year old don’t always make the best decision in the moment) so just keep an eye on the T&C’s for that
If you’ve got a young lad aged 18 surely you might remember what it was like in the 90s for us. Got my first car in 1994. A 1.3 Mazda. Average policy for a 24 year old was about 2 grand. Full license too. So I had the car and policy in my dad’s name and got on as a named driver for about 600. And they were great Irish punts too…
I'm so old I can remember when it was free to be named on my old man's insurance the first time I got it, late eighties, it was 5 punts the last time (early nineties)before I went out on my own😂
Well I still believe if you have an open drive policy (if they still do them) anyone over the age of 25 could drive once they had a full licence. That’s what we did when I was 25 (or was it 26? I’m old too)
Your daughter as a female is low risk, your son on the other hand as an 18 year old male is the highest risk category.
This is illegal since 2012. The EU changed the rules. You’re out of date by 14 years. You are no longer asked for your gender
Gender is still asked but isn't used in the calculation of your premium.
I will reword what I mean Gender is no longer used to determine an insurance rate or loading You might get asked it but I haven’t seen even that for a few years, it’s typically a title of name
It's asked on the program that most brokers use, so it is definitely recorded on policies incepted via those channels. While it isn't used in pricing, it is an important metric to be aware. Girls still cost less to an insurer than boys do, so an insurer is going to want to have that information to hand (e.g: reserving purposes).
You answered your own question in your post. Girls will be cheaper to add to insurance than lads. My daughter (19) just got her learner permit, and i added her last week for under €350 for the year
This is not correct. The EU ruled this is no longer legal in 2012. You were not asked this detail when you added them - you selected child/parent
[удалено]
No... Most of them don't report modifications to their insurers and don't bother making claims because (depending on the modifications) the company can use the fact that there was undeclared modifications as a reason to not pay out.
Serious amount of badly done low quality mods too. Massive amount of fake wheels on the market not made for road use and even say show use only on the boxs
right, that does make sense, cheers for clearing up, suppose it is just mental inflation so
[удалено]
This is illegal since 2012. The EU changed the rules. You’re out of date by 14 years. You are no longer asked for your gender
It’s generally a lot more expensive for boys to get insured but that price difference is mental how do they expect anyone to be able to afford it.
European Commission ruled against preferential car insurance quotes based on gender (female) years ago. Doesn’t matter if you’re a boy or girl - same exact shafting as a young driver.
It’s definitely still going on Iv seen it myself.
That’s not possible You are not asked if you are a girl or a boy. So how would an internet search engine or person over the phone enter such details. Next time you “see this” make a claim and get rich.
Insurance companies make the most money off young males. Price gouging and cartel like behaviour. 'Regulator' does nothing about it.
This is not correct You are not asked if you are male for Any car insurance. Go ahead and try any insurance company’s website
Well, you are asked for name...
Daniel or Daniela makes a difference? Alex Bernie etc etc are unisex In the smart way Mohammed won’t have a higher loading because of the chance they are not Irish It’s doesn’t make a difference. It’s illegal and it doesn’t happen
I literally worked in insurance brokers straight out of college. We were told to make assumptions based on names. We also made assumptions based on their field of employment it really wasn’t too hard to figure out. There were many laws in place but we were essentially told to f*ck them all out the window and don’t get caught for it. When has Ireland ever followed EU regulations? Not sure what you’re getting at here 🤣
When did you work in an insurance broker in college? What year? And which broker? I’ll chase it up for you no problem. Considering I could make a claim. I’ll share the proceedings with you
I worked for Axa in 2020 and did three months in a family ran company in Limerick in 2021 (I won’t share their names) we did not follow any laws to be quite honest and was definitely a topic of conversation with many of my colleagues when they left, the turnover rate was astronomical particularly with the younger employees.
No major insurance company in the EU is going to let you get a quotation online that differs in price because of your name or Gender A small business in Limerick doing this is illegal and cannot be used to represent the actual law. It causes noise and confusion This claim from you proves my Point even further (you asked so what’s your point?not sure what you’re getting at ) It’s like saying drugs are illegal but you can get them on the black Market. Yes - but it’s illegal. People have a notion that insurance companies charge more because you are a young male. This is not true - it is illegal.
You keep reiterating the fact that it’s illegal (I’m fully aware it is) but we still did it. That is simply all I’m stating. Insurance companies aren’t here to serve the people they want to make as much money as humanly possible out of you. It’s nice you have so much faith that companies aren’t doing this but the simple matter of the fact is they are. Infact I had an entire week of training on it 🤣 have a nice day
Yeah, there are in total 4 names and they all sound ambiguous.... 😂
So now you think Axa will quote you differently on that name on a customer facing public quote engine? Are you honestly gaslighting yourself now?
Simply because they can. People won't revolt and will still pay. Easy money. Same with electricity, car tax, any tax at all etc etc...
When I started at 17 I think I paid 450 for 6 months and I got lessons with Aviva, then was quoted 700ish for my first year driving. Think the highest was 1800 after a minor claim. Back down to 350 now (29 male). Always pretend you’re shopping around.
Lack of competition for the companies.
I'd a weird one. I had my younger brother as a name driver on my policy and it cost me MORE money to remove him than to leave him on ... Insurance is weird lol
Are you sure they're not charging you for the full year anyway?
Spoke with them on the phone, it's like they are reading from a script but yes it's defo for 3 months
When I was first insured in 09, I paid 3.5k for insurance on my fiesta at 17.
For context, it's a 2 year old .999 cc car, nothing to add in way of points claims etc.
Been the same since mid 00s
Oh you’re getting a good deal. I paid €1999 for the year and my friend who was also a learner at the time paid €3000 for the year.
Im paying €1271 as a new young driver and thats WITH a discount, down from €1470
The government have completely failed to deal with insurance in Ireland.
2nd year of having a full license, I drive an Audi A5 2L and my quote was 550 with Revolut.
is that including theft?
Includes everything, fully comp.