Did something in particular happen in the insurance market recently?
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Did something in particular happen in the insurance market recently?
Not really, it's a cyclical industry. There's been a race to the bottom for the past few years and now the actuaries have started getting worried that the companies are under reserved based on claim volumes. They'll up the premiums and start to the race to the bottom all over again in 12 months or so when one of them starts to discount premium to get market share.
Update on this, getting a quote of 850 with arachas, broking for Allianz. Is actually quite a good policy, with all the bells and whistles including open drive, apr is 8%, so it a tough decision whether to get this or the axx quote for 980 through AIB with 0% apr, the axa policy isn't as good either.
On a side note i heard the EU are making plans to make it cost effective supply insurance and mortgages across the union, likely to drive both down for Irish!
I just had my renewal for the Octavia VRS. Last year paid €444, quoted €800+. Spent ages ringing around. In the end the AA came up best, it was even cheaper to add in AA Breakdown membership to reduce the price. I suspect the AA are mopping up right now.
My end figure with full AA membership came to €531
I got my renewal today, 13,121 euro. No joking... Thats an increase of 60% with no valid reason
€13,121?
Motor Trade policy I assume? Even so that's mental (Must have public liability and a load of other bits?)
Try Powers in Limerick if it's a trade policy.
Got my trade policy renewal today, 2k again this year for me and the brother, not bad i supose as everyone elses is going up lol i wont complain!
Not motor trade. Its fleet with Liberty. It only cover about 7 vehicles in total. It's a complete joke of a premium. It was around 3700 in 2009 for roughly the same thing.Quote:
Originally Posted by RossYB
Pulled the trigger on the Arachas quote, dont think i can get better quality cover for cheaper :)
just got a quote on an 08 325i 3.0l convertible of 935 fully comp
pleasantly suprised at that i have to say
27, full ncb, no points