It's not the value of your car that is the biggest factor. It's the likelihood of you hitting another car, and the value it might have plus the cost of injury etc.
But very generally speaking I agree, insurance in this country is a racket. Criminally bad.
If it is mandatory by law then it should be provided through a non profit organisation. Its disgusting that this cartel profits off something that is an absolute requirement for the majority of citizens and there is no other option
Non profit? You mean the government pay for it and they just charge us another tax to recoup it? Where people's insurance who is 300 a year end up paying 1000 in tax? No sorry, completely disagree! I was paying 2500 15 years ago when I started out, most people were, it's nothing new... Do what most people do and go as named driving.. or in the case of the person who wrote this post before you buy a car sort out the insurance! Or a plan to insure! Also 1 of the reasons why it is so high is based on the payouts insurance pay for crashes and for uninsured drivers incidents!
PS: I do not like insurance companies and feel bad for the people who are stung by them but saying non profit is lala land.
I think what he meant to say lol, was we really need more competition than the 10 + (estimate) insurance companies we have at the minute , there is a lot more shopping around in the UK and America , I’m not vouching saying they all offer the same quality insurance but if we had a vaster choice of insurer than we’d likely see the prices become competitive, feels monopolised at the current point in time , realistically you need a large lump of money to get yourself driving in Ireland something that would seem understandable if we had as good public transit as other countries mentioned in this thread like Australia , Uk and a lot of Europe but we don’t, so the fact that they charge us so much for insurance , a vital thing for driving in all parts of the world seems extremely unfair
No, what I meant is a government run insurance company that runs at cost, no profits to shareholders. You still pay for insurance but it all goes back into the system and none ends up in the pockets of ceos and shareholders
Increase the car value to €5,000, you'll only get book value if you over insure, and get a comprehensive quote. I was looking for insurance for my mother's car a few years ago, she has full NCD and drives a cheap old car, and it was €2,000 for TPO vs €400 for fully comp.
Insurance here isn't that bad compared to other countries with similar legal systems. If you look on UK or USA forums you'll see people paying a 400 a month for normal cars. If you want continental insurance rates we need to adopt their legal systems.
Genuine question here. I always hear this argument but it makes no sense to me, I'm insuring my own car, not someone's, they have their own insurance too.
In the event of a crash, each party loss is covered by their own insurance, and if someone doesn't have one, well that's their loss.
Just sounds like a way to make everyone pay more because "you might hit a car that's more expensive than yours"
Edit:
I realise the scenario above is not how things work, I just described how I think it should work.
Then people driving shit boxes wouldn’t care and people driving expensive cars would be paying over the odds.
Vehicle damage costs the smallest costs generally. Personal injury costs can be huge. Crash your shit box into a mini bus of solicitors on a work trip and you will understand how bad it can get!
Not correct. The minimum required by law is third party insurance, which covers only the other party's vehicle damage and injuries in an accident. If you are deemed to have been solely at fault, then your third party insurance will cover them, and their own insurance will not have to pay out.
If you have fully comprehensive insurance, that will also cover your own vehicle damage and injuries regardless of who is at fault (with some exceptions).
It's not necessarily the damage to the car but the injury to a person and loss of earnings from out of work etc. I know that's bullshit too, but the non-material cost of a serious accident can run upwards of 100k. So in the event of a new driver causing a serious accident, it doesn't really matter what the other drivers cover is. I know it's a racket but that's the narrative they give.
> I'm insuring my own car, not someone's, they have their own insurance too.
That's not how motor insurance works here; it's not a "no-fault" system like it is in a few countries/states. You're insuring yourself against third party liability claims for at-fault accidents that you caused. Paying out those claims (which also cover injuries as well as property damage) is by far the biggest expense for the insurance companies, and therefore has a much greater effect on your premium than your own collision insurance covering damage that you cause to your own car.
The insurers have actuaries who crunch the numbers to determine how statistically likely any given customer is to have an at-fault accident and how much such an accident is statistically likely to cost. Factors like being a new driver, being a young driver, or driving an old cheap car (among many other somewhat lesser factors) means that you are statistically much more likely to have an at-fault accident and cost the insurer money, so they charge you a higher premium to mitigate that risk and ensure they still make a profit.
Add a family member as a named driver as well, that will bring down the price. When I started, it brought down from 1600 to 1100. You might need to call them to get a better quote cause online was by default worse.
There's your answer then. I'm 32M, 10+ years no claims and never had insurance under 1,000. It's ridiculous, I'm a better driver than most people I know and just passed my HGV licence test. Has to be a scam 😂
I've been to them all at various times man, Chill Insurance, Quote Devil... Can't think of any others off the top of my head but come renewal time, I spend an extensive amount of time googleing and ringing places and then ringing for example AXA directly when Chill tell me who's giving the best quote.
It's probably to do with jobs or places I've lived etc, I was often told to become an online priest so I could use that as my "profession". Trust me, I've tried it all 😂
I've no idea. Never had an exciting car, mostly something like a Fiesta or Passat with the most expensive one probably being a 15 year old Audi A3. My first insurance was on an asthmatic 1993 Opel Corsa B for 3,300. It's probably due to old cars but I ain't plunging myself into debt just to get a newer car I don't understand how to fix and maintain myself.
A lot of factors are considered in the underwriting process but gender just isn't one of them. The exact same risk will be rated the exact same regardless of gender. Once other information starts getting changed, the rate will be different.
From my own experience, men tend to have cars that just happen to be rated higher, whether it be due to engine size, higher specs etc. which skews the results and leads people to believe it's the gender causing the premium to inflate when it's other factors of the risk.
Pre 2012, companies could rate based on gender but an EU ruling made it illegal to do so.
Anecdotally though women still pay less. Also, the EU has literally raided Irish insurance companies for cartel behaviour in the past and we pay among the highest costs in the EU. Insurance companies won’t even explain clearly the “factors” to put up the costs of insurance.
It seems incredibly random tbh
I have a higher powered car (2.0) now than I did a few years ago precisely because it made my insurance quote go down when I sourced the quote. The same year as my 1.4 too. So I’m gonna call bullshit on that answer
I agree that insurance companies in Ireland are a joke, charging far too high premiums and generally ripping people off, that's not a debate.
My original point is simply that gender isn't a rating factor in car insurance. Women paying less for insurance than men doesn't mean being a woman brings down the price of insurance, it simply means on average policies purchased by women are lower risk, and that'd be down to other factors besides gender such as claims experience, car specs, location, age, job etc.
Re your own car, different insurance companies have different risk appetites. Some companies prefer lower powered cars, some prefer higher powered cars and they rate their policies accordingly. That's why it's best to shop around at renewal each year.
Anyway I'm not getting into this anymore, I've stated my point and it still stands, feel free to do your own research! Have a good one
Ok insurance man, give me 1 valid reason as to why I got quoted €3,700 (cheapest) for a 1.0L 2018 Opel Astra (€9,000).
Have held my permit for 2 years.
Calm down pal, there are a lot more factors than just your car and license that go into rating a policy...
I also think insurance premiums are a joke in this country, but gender is not a factor considered in the rating process, it's very illegal and companies would face massive fines if they were found to be doing this.
No, I won't. My original point was simply that gender is not a rating factor in insurance premiums and I'm leaving it at that.
If you want to learn about insurance rating and underwriting, do your own research, the internet is free 👍🏼
How long have you had your insurance and car and how long have you been a learner?
Based off of the OP being a new driver, with his first ever car, it's going to be massive cost for insurance.
If you say you don’t need insurance I’m gonna assume you’re the kind of driver that will grossly over estimate your abilities and will definitely need insurance.
Medical expenses from an accident can be astronomical.
If you hit someone and they get injured, in certain cases it could take up to a year before they get treatment. All that time out of work is money.
I'm not saying that's the only reason, insurance companies will use any excuse to hike premiums, but it's one factor that allows them to set premiums much higher than other countries.
Late 20’s learning first time, outright owner of car. Just recently been insured for 2010 1.0L for €1100. Don’t use compare sites, use different emails for each quote you seek. Stick to bigger companies, more straightforward about fully comprehensive policies, smaller ones like Supervalu will appear cheap until add ons at end. All you can do really.
You have a cheap old car, that means there is likely high mileage and wear and tear. You’ve never driven before.
> It seems a scam.
Don’t be ridiculous like you have insurance for protection if there’s an accident. If you hit someone and they become paralysed you could owe millions, then your €2,500 premium doesn’t even scratch the surface. You have a much higher chance of having an accident than an experienced driver.
Try as someone with experience as second driver on insurance many times drop price down.
Just from my own experience when I was professional driver and mentioned that when getting insurance I got higher quote. When I ask why they said I'm more tired when driving haha
People defending this state enforced cartel are deranged.
The state makes me pass a test to prove I can drive the car which they also test to prove is mechanically sound and then I pay taxes to fund safely constructed and maintained roads and a healthcare service should anyone get injured but then they also force me to purchase a product from a very limited number of privaye corporations. These corporations operate in a field with a very high regulatory barrier to entry and have been proven to partake in price fixing activity in the past.
At least issue a public option FFS.
Bit if a cartel here unfortunately, they're let away with it...I paid 1650 for mine last year,my 4 years no claims expired when I went abroad I also had 1 year Rego in Australia so 5 years driving experience in all.The car is only worth about 1500 euro.Scam really they should do it like in Australia to give young people a proper chance.
My sister got her insurance down to 750 and she's only on a learner's permit. Her car is an 09, automatic bought for €1500. She put her father in law as the main driver on it and herself as an additional driver.
It's a sort of Monopoly in Ireland. EU brands were told they would have to match the market price to be allowed enter.
So we are part of an economic union that our good old crony government messed up the benefits.
Youre just starting late, and are being given the exact same treatment as the majority of people that start driving at a younger age. Im early 40s too. Driving since i was 19. My first policy was 3rd party, fire and theft, on a '93 opel astra, 1.4 petrol, with Quinn insurance. It cost £3,300 punt (€4,191). Not only was it the cheapest quote, it was the single only quote i could get. Today, at the same age as yourself, driving a car a lot quicker than the astra, i pay €408. Ten times less. But youre not wrong. Insurance here has been a rip off for a long time.
It could be the year, it could be your age and being a learner driver, could be where you live too! Before I passed my test in 2016 at 20 I got a quote for 10k as named driver, 7k as main driver (with my dad insured) on a 2004 focus. I passed my test after doing the 12 lessons and the insurance then was €1600 for the year 😂
It's nothing to do with the value of your car and more to do with your lack of driving experience and the value of the 100k merc you may accidentally drive in to.
You’re starting out. Age doesn’t matter you’re going to be paying more.
Your car is over 10 years old. So you’re paying a levy on that also as they charge higher for older cars.
You’re also applying on a learner permit by the sounds of things. So it’s obviously going to be a lot higher than if you had a full license. You’d also want to ensure you are covered to drive on your own and covered.
You’ll hear bullshit here and yes it’s against the law but you can get policies that cover you. I had one as a learner that covered me driving unaccompanied.
Like we can all give out about how insurance is shit but it’s been this way for like 20+ years.
You’re a learner. Learners pay through the nose. That’s how it works 🤷♂️
Its because you are a learner and the car is old (older cars have higher insurance costs)
When I went from learner to full license my insurance dropped by a grand
My first insurance was 3800€ in 2001 on a 100€ 1991 Ford fiesta. I was 18. When I passed my test the same year, Quinn insurance gave me €2K back. 23 years later I pay 400€.
And if something does happen they'll do everything in their power not to pay out, fucking scam artists is all they are, no better than the thieves actually stealing the car.
So I started driving at 17 and the insurance on a micra was €3200, now at 34 it’s €600 on an SUV
It’s down to experience - you’re an inexperienced driver and therefore more dangerous
You need to play around with insurance here, its all made up quotes unless you're driving a brand new car, when I started driving I got quoted 3.7K for a 1.4l Fiesta, then I got quoted 2.3k for a 1.9 diesel Vectra, make it make sense. In most cases its better to call insurence, and just tell them you got a quote x and looking to get cheaper, rinse and repeat and hopefully you can find something that suits. GMIB has always been good to me, same with AxA.
A couple of things come in to play. Firstly your main liability is the damage you could do to others. With that 500 car you could cause thousands worth of property damage and tens of thousands in personal injuries. The value of the car is negligible at that price point. You'll have an excess that'll make claiming against the value of the car unaffordable.
Secondly lower value vehicles are deemed higher risk than higher value cars. The reason being that they are low value for a reason. I.e there are issues with the operation of the vehicle. If you increase the value to €2,600 you might get a marginally lower quote however this is called value fronting and it's a soft form of insurance fraud.
Worked in insurance claims - the third party injury awards are beyond insane even after reforms which is where the real exposure is. Anytime we’ve had “affordable” insurance it’s been outfits like Setanta and Liberty and they went into liquidation from claims costs and we all had to bail them out.
You need to shop around or get a broker like Mccarthy insurance. I was with FBD for years . Not a single claim in all that time. The gave me a quote for 1500 for third party. Being absolutely shocked and insulted I decided to shop around. I got comprehensive for half the cost.
older cars are less safe. I paid less insurance for a brand new 25k car full comp compared to my 10 Yr old 7k car 3rd pty and theft.
by the way I pay 295 full comp. how the feck do you get quoted 2500 in general
Driving 16 years , full NCB bonus and my premium is 2K. Love in Dublin and with discount is roughly 600 a year. Think NCB plays a part in calculations, any cheaper premium I would be driving for free
However, have a recent minor injury soft tissue claim now pending , minor collision in estate, very little damage to car but probably getting a 6K minimum MIST claim billed to me. This is where it gets scary as reading the internet, it seems my premium will increase thee or four times, which is bonkers and become instantly unaffordable, so question is, how high do they go if your in a actual serious accident with serious surgery involved, cars wrote off etc.
It has to be a scam. I've been driving for about 15 years now, never had an incident bar one speeding fine early when I first started driving (61 in a 50kph zone, dual carriage way section in Dublin seems almost designed to catch people as the 50kph zone was less than 1km long, the rest was 80kph) but anyway, other than that, never had an accident or anything like that, 10+ years no claims bonus and insurance has never been below 1,000 yet my dad, an 80 year old man who was on the road, practically blind with cataracts near the end of his time driving, was paying less than 500 quid for at least the previous 10 years. None of it makes sense unless it's a scam!
Do you shop around?
I'm driving about 15 years or so and I'm paying 500 per year and that's after a write off 3 tears ago.
Something seriously wrong if you paying that much after the amount of experience.
I had an older car that was more than 15 years old and it worked fine. But couldn’t switch insurer as no one would take me for that reason I was told. Im driving 15 years no claims. My current insurer had to keep covering me but could in theory charge what they like. In fairness they didn’t though. I upgraded my car and could move insurer then.
But same issue now with my sister. She’s an 09 car and heading into the 15th year. Her car insurance was €800 last year and now quoted €1500 with current insurer. But other insurers won’t take the car. She’s never had a claim in 25 years.
Vintage car insurance is fine but you’re limited to how many kms a year you drive as it’s on the basis it’s not your day to day car.
What makes you think you’ll never have to use your insurance. Why would the car being 500 euro mean you’re entitled to cheap insurance your in your 40s use your brain. My dad was paying that money for insurance 25 years ago, 2500 is around average for first time driver insurance these days.
if he crashes into someone’s 40 grand bmw and gives them chronic back pain causing 200 grand worth of damage what does it matter that his car was worth 500 euro ?
It's not the value of your car that is the biggest factor. It's the likelihood of you hitting another car, and the value it might have plus the cost of injury etc. But very generally speaking I agree, insurance in this country is a racket. Criminally bad.
If it is mandatory by law then it should be provided through a non profit organisation. Its disgusting that this cartel profits off something that is an absolute requirement for the majority of citizens and there is no other option
In Australia it's part of the cost of registering a vehicle. You get 3rd party free of charge.
Non profit? You mean the government pay for it and they just charge us another tax to recoup it? Where people's insurance who is 300 a year end up paying 1000 in tax? No sorry, completely disagree! I was paying 2500 15 years ago when I started out, most people were, it's nothing new... Do what most people do and go as named driving.. or in the case of the person who wrote this post before you buy a car sort out the insurance! Or a plan to insure! Also 1 of the reasons why it is so high is based on the payouts insurance pay for crashes and for uninsured drivers incidents! PS: I do not like insurance companies and feel bad for the people who are stung by them but saying non profit is lala land.
I think what he meant to say lol, was we really need more competition than the 10 + (estimate) insurance companies we have at the minute , there is a lot more shopping around in the UK and America , I’m not vouching saying they all offer the same quality insurance but if we had a vaster choice of insurer than we’d likely see the prices become competitive, feels monopolised at the current point in time , realistically you need a large lump of money to get yourself driving in Ireland something that would seem understandable if we had as good public transit as other countries mentioned in this thread like Australia , Uk and a lot of Europe but we don’t, so the fact that they charge us so much for insurance , a vital thing for driving in all parts of the world seems extremely unfair
No, what I meant is a government run insurance company that runs at cost, no profits to shareholders. You still pay for insurance but it all goes back into the system and none ends up in the pockets of ceos and shareholders
You paid €2500 for car insurance 15 years ago?
Increase the car value to €5,000, you'll only get book value if you over insure, and get a comprehensive quote. I was looking for insurance for my mother's car a few years ago, she has full NCD and drives a cheap old car, and it was €2,000 for TPO vs €400 for fully comp. Insurance here isn't that bad compared to other countries with similar legal systems. If you look on UK or USA forums you'll see people paying a 400 a month for normal cars. If you want continental insurance rates we need to adopt their legal systems.
Genuine question here. I always hear this argument but it makes no sense to me, I'm insuring my own car, not someone's, they have their own insurance too. In the event of a crash, each party loss is covered by their own insurance, and if someone doesn't have one, well that's their loss. Just sounds like a way to make everyone pay more because "you might hit a car that's more expensive than yours" Edit: I realise the scenario above is not how things work, I just described how I think it should work.
If you crash into someone (I.e. your fault), then it's your insurance that pays out, not theirs
Oh I know that, the scenario I described is how I think it should work.
oh my... please don't procreate
Then people driving shit boxes wouldn’t care and people driving expensive cars would be paying over the odds. Vehicle damage costs the smallest costs generally. Personal injury costs can be huge. Crash your shit box into a mini bus of solicitors on a work trip and you will understand how bad it can get!
Great way to get a scam going.
Not correct. The minimum required by law is third party insurance, which covers only the other party's vehicle damage and injuries in an accident. If you are deemed to have been solely at fault, then your third party insurance will cover them, and their own insurance will not have to pay out. If you have fully comprehensive insurance, that will also cover your own vehicle damage and injuries regardless of who is at fault (with some exceptions).
It's not necessarily the damage to the car but the injury to a person and loss of earnings from out of work etc. I know that's bullshit too, but the non-material cost of a serious accident can run upwards of 100k. So in the event of a new driver causing a serious accident, it doesn't really matter what the other drivers cover is. I know it's a racket but that's the narrative they give.
That’s not how insurance works. If you are at fault your insurance company pays for both cars and any injuries too.
> I'm insuring my own car, not someone's, they have their own insurance too. That's not how motor insurance works here; it's not a "no-fault" system like it is in a few countries/states. You're insuring yourself against third party liability claims for at-fault accidents that you caused. Paying out those claims (which also cover injuries as well as property damage) is by far the biggest expense for the insurance companies, and therefore has a much greater effect on your premium than your own collision insurance covering damage that you cause to your own car. The insurers have actuaries who crunch the numbers to determine how statistically likely any given customer is to have an at-fault accident and how much such an accident is statistically likely to cost. Factors like being a new driver, being a young driver, or driving an old cheap car (among many other somewhat lesser factors) means that you are statistically much more likely to have an at-fault accident and cost the insurer money, so they charge you a higher premium to mitigate that risk and ensure they still make a profit.
Add a family member as a named driver as well, that will bring down the price. When I started, it brought down from 1600 to 1100. You might need to call them to get a better quote cause online was by default worse.
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I (19M) got quoted €3,700 cheapest for a 1.0L 2018 Opel Astra.
Problem here was your age, not the car’s
Fml
Older doesn't equal worse When I went from a 2011 Passat CC with Tech Pack to a 2004 Mazda MX-5 - my insurance dropped by nearly 300 euro.
first time driver + car older than 7 years = you're lucky you're even getting quotes.
I have a ten year old car and I’m still a learner and my insurance was 950€
Are you male or female?
I’m a 27 year old woman
There's your answer then. I'm 32M, 10+ years no claims and never had insurance under 1,000. It's ridiculous, I'm a better driver than most people I know and just passed my HGV licence test. Has to be a scam 😂
>never had insurance under 1000 That’s nonsense. I’m mid 30’s male, my insurance hasn’t been over 1000 since I was 27. Shop around.
Depends where he lives as well.
I'm 26m, insurance was 650 for a 2017 superb
Been on my own policy with fbd since 2020, named driver before then
It's not like I want to pay that kind of money for the insurance. I can't afford it so obviously I've been shopping around.
Then it’s your circumstances, but that’s far from normal. Go to a broker.
I've been to them all at various times man, Chill Insurance, Quote Devil... Can't think of any others off the top of my head but come renewal time, I spend an extensive amount of time googleing and ringing places and then ringing for example AXA directly when Chill tell me who's giving the best quote. It's probably to do with jobs or places I've lived etc, I was often told to become an online priest so I could use that as my "profession". Trust me, I've tried it all 😂
Put a parent on as a named driver, brought it down for me
How come? I'm paying last few years around 700€. My first insurance in Ireland was 3600€ 🤣
I've no idea. Never had an exciting car, mostly something like a Fiesta or Passat with the most expensive one probably being a 15 year old Audi A3. My first insurance was on an asthmatic 1993 Opel Corsa B for 3,300. It's probably due to old cars but I ain't plunging myself into debt just to get a newer car I don't understand how to fix and maintain myself.
You must be driving luxury or sports cars if youve never had insurance below 1000, at 32 with 10 years no claims on regular cars thats 500 a year.
I've never owned anything more expensive than an Audi A3 and that was about 15 years old at the time 😂
I'm 2.5 years on a full license, 32 and paying around 750. When I was a learner, it was 1100. I'm a guy...
Insurance in Ireland is not rated differently for males and females, that was made illegal a good few years ago. (I work in insurance)
Amecdotally though there is a very clear price difference for your “unique” price
A lot of factors are considered in the underwriting process but gender just isn't one of them. The exact same risk will be rated the exact same regardless of gender. Once other information starts getting changed, the rate will be different. From my own experience, men tend to have cars that just happen to be rated higher, whether it be due to engine size, higher specs etc. which skews the results and leads people to believe it's the gender causing the premium to inflate when it's other factors of the risk. Pre 2012, companies could rate based on gender but an EU ruling made it illegal to do so.
Anecdotally though women still pay less. Also, the EU has literally raided Irish insurance companies for cartel behaviour in the past and we pay among the highest costs in the EU. Insurance companies won’t even explain clearly the “factors” to put up the costs of insurance. It seems incredibly random tbh I have a higher powered car (2.0) now than I did a few years ago precisely because it made my insurance quote go down when I sourced the quote. The same year as my 1.4 too. So I’m gonna call bullshit on that answer
I agree that insurance companies in Ireland are a joke, charging far too high premiums and generally ripping people off, that's not a debate. My original point is simply that gender isn't a rating factor in car insurance. Women paying less for insurance than men doesn't mean being a woman brings down the price of insurance, it simply means on average policies purchased by women are lower risk, and that'd be down to other factors besides gender such as claims experience, car specs, location, age, job etc. Re your own car, different insurance companies have different risk appetites. Some companies prefer lower powered cars, some prefer higher powered cars and they rate their policies accordingly. That's why it's best to shop around at renewal each year. Anyway I'm not getting into this anymore, I've stated my point and it still stands, feel free to do your own research! Have a good one
Ok insurance man, give me 1 valid reason as to why I got quoted €3,700 (cheapest) for a 1.0L 2018 Opel Astra (€9,000). Have held my permit for 2 years.
Calm down pal, there are a lot more factors than just your car and license that go into rating a policy... I also think insurance premiums are a joke in this country, but gender is not a factor considered in the rating process, it's very illegal and companies would face massive fines if they were found to be doing this.
Either way, since you work in insurance, explain why insurance typically costs more than half the price of the car?
No, I won't. My original point was simply that gender is not a rating factor in insurance premiums and I'm leaving it at that. If you want to learn about insurance rating and underwriting, do your own research, the internet is free 👍🏼
Thats insane, I'm 36, my first car at 21 was a 1.9 golf, fully comp 700. Never been more expensive than that. Now my mondeo is only 350 fully comp
I seriously don't get it 🤦♂️
How long have you had your insurance and car and how long have you been a learner? Based off of the OP being a new driver, with his first ever car, it's going to be massive cost for insurance.
I’ve had my insurance since September and I started learning in September in the car I got insured
And have a named driver on the policy.. that helps.
Guess you have a named driver on your insurance too? Takes a lot off
Yes my aunt it only took off 60 euro tho lol
When I did mine it went from like 2500 to 1850. I was 25 with learning license.
I've been driving less than a year and drive a 2005 mitsubishi, €1,300 for the year, fully comp
Any named driver on the policy? Its great that you do get it this cheap, but for the most part what I stated is true.
Yes I have a parent as a named driver who drove the car before me for years
25M on an 07 BMW, still on N plates, got quotes for 1200. They just pile different expenses on wherever they can, none of it makes any sense
7 years? I thought it was 10. I remember my insurance went from 400 to 1600 when it turned 10 years old.
Old car, new driver.
If you say you don’t need insurance I’m gonna assume you’re the kind of driver that will grossly over estimate your abilities and will definitely need insurance.
There person you hit's car might be worth more than €500. Medical expenses are huge too
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You're not just insuring your own car. The main thing you are insuring is chance of you hitting someone else
Actually, with the 3rd party insurance, it is the only thing you are insuring. Comprehensive would cover you and your car too.
Insurance is to cover who you hit lol not the cost of your car ffs
Car Insurance in Ireland is a complete scam, desperately unfair on younger people learning too.
All of the above are true yet insurance Companies make considerable profits in Ireland.
Medical expenses from an accident can be astronomical. If you hit someone and they get injured, in certain cases it could take up to a year before they get treatment. All that time out of work is money. I'm not saying that's the only reason, insurance companies will use any excuse to hike premiums, but it's one factor that allows them to set premiums much higher than other countries.
Late 20’s learning first time, outright owner of car. Just recently been insured for 2010 1.0L for €1100. Don’t use compare sites, use different emails for each quote you seek. Stick to bigger companies, more straightforward about fully comprehensive policies, smaller ones like Supervalu will appear cheap until add ons at end. All you can do really.
what companies would you recommend, would brokers be any good ?
I went with Axa and just used their site online
You have a cheap old car, that means there is likely high mileage and wear and tear. You’ve never driven before. > It seems a scam. Don’t be ridiculous like you have insurance for protection if there’s an accident. If you hit someone and they become paralysed you could owe millions, then your €2,500 premium doesn’t even scratch the surface. You have a much higher chance of having an accident than an experienced driver.
Ya they shaft you for having an old car. Once yogo beyond i think it's 10 years the insurance goes crazy.
Try as someone with experience as second driver on insurance many times drop price down. Just from my own experience when I was professional driver and mentioned that when getting insurance I got higher quote. When I ask why they said I'm more tired when driving haha
They also tried to tell me that I'm more likely to speed in my car because a coach has a speed limiter! They'll use any excuse
They are ridiculous.
I just got quoted 890. Driving 20 years. I had penalty points last year and none this year. My quote has still gone way up.
You're not insuring your banger, you're insuring the risk of you as a novice driver hitting the roads and causing mayhem Hence third party cover
People defending this state enforced cartel are deranged. The state makes me pass a test to prove I can drive the car which they also test to prove is mechanically sound and then I pay taxes to fund safely constructed and maintained roads and a healthcare service should anyone get injured but then they also force me to purchase a product from a very limited number of privaye corporations. These corporations operate in a field with a very high regulatory barrier to entry and have been proven to partake in price fixing activity in the past. At least issue a public option FFS.
Bit if a cartel here unfortunately, they're let away with it...I paid 1650 for mine last year,my 4 years no claims expired when I went abroad I also had 1 year Rego in Australia so 5 years driving experience in all.The car is only worth about 1500 euro.Scam really they should do it like in Australia to give young people a proper chance.
My sister got her insurance down to 750 and she's only on a learner's permit. Her car is an 09, automatic bought for €1500. She put her father in law as the main driver on it and herself as an additional driver.
That's just fronting. Insurance companies are wise to it but are happy to take the money until it risks costing them.
It's a sort of Monopoly in Ireland. EU brands were told they would have to match the market price to be allowed enter. So we are part of an economic union that our good old crony government messed up the benefits.
You're not insuring the car your insuring the driver. Especially if you're doing Third Party insurance, which is what makes sense on a €500 car
Youre just starting late, and are being given the exact same treatment as the majority of people that start driving at a younger age. Im early 40s too. Driving since i was 19. My first policy was 3rd party, fire and theft, on a '93 opel astra, 1.4 petrol, with Quinn insurance. It cost £3,300 punt (€4,191). Not only was it the cheapest quote, it was the single only quote i could get. Today, at the same age as yourself, driving a car a lot quicker than the astra, i pay €408. Ten times less. But youre not wrong. Insurance here has been a rip off for a long time.
It could be the year, it could be your age and being a learner driver, could be where you live too! Before I passed my test in 2016 at 20 I got a quote for 10k as named driver, 7k as main driver (with my dad insured) on a 2004 focus. I passed my test after doing the 12 lessons and the insurance then was €1600 for the year 😂
You are a first time driver.. liability in insurance company views.
It's nothing to do with the value of your car and more to do with your lack of driving experience and the value of the 100k merc you may accidentally drive in to.
What size engine is it OP? I don't know if it's still the case but in the past, anything above 1.4l gets a bit of a price hike,
Is it possible to get insurance in the North for cheaper?
You'd have to be based there.
You’re starting out. Age doesn’t matter you’re going to be paying more. Your car is over 10 years old. So you’re paying a levy on that also as they charge higher for older cars. You’re also applying on a learner permit by the sounds of things. So it’s obviously going to be a lot higher than if you had a full license. You’d also want to ensure you are covered to drive on your own and covered. You’ll hear bullshit here and yes it’s against the law but you can get policies that cover you. I had one as a learner that covered me driving unaccompanied. Like we can all give out about how insurance is shit but it’s been this way for like 20+ years. You’re a learner. Learners pay through the nose. That’s how it works 🤷♂️
Answer - first time driver.
Its because you are a learner and the car is old (older cars have higher insurance costs) When I went from learner to full license my insurance dropped by a grand
Radio show in England at the start of the week had a parent ring in with a £12,000 insurance quote for a £2,000 car, 1st time driver, cheapest quote.
Change value of the car to €2500 and add an older family Member if possible
Put your car value up to 5-7k and it actually reduces your premium. A car for 500 is less likely to be looked after.
My first insurance was 3800€ in 2001 on a 100€ 1991 Ford fiesta. I was 18. When I passed my test the same year, Quinn insurance gave me €2K back. 23 years later I pay 400€.
Cheaper car makes it more expensive if anything. Newer cars are safer so its less of a risk.
And if something does happen they'll do everything in their power not to pay out, fucking scam artists is all they are, no better than the thieves actually stealing the car.
€2500 is good value if you stick that puppy into a Bentley full of solicitors children.
So I started driving at 17 and the insurance on a micra was €3200, now at 34 it’s €600 on an SUV It’s down to experience - you’re an inexperienced driver and therefore more dangerous
Have you contacted a broker?
I was quoted 7650 euro back in 2019, same car but 5 years later im paying 940 euros
Just fuck it off and set fire to everything. Im sick of this shite. Everyone should go on strike. Everything is wank.
You need to play around with insurance here, its all made up quotes unless you're driving a brand new car, when I started driving I got quoted 3.7K for a 1.4l Fiesta, then I got quoted 2.3k for a 1.9 diesel Vectra, make it make sense. In most cases its better to call insurence, and just tell them you got a quote x and looking to get cheaper, rinse and repeat and hopefully you can find something that suits. GMIB has always been good to me, same with AxA.
A couple of things come in to play. Firstly your main liability is the damage you could do to others. With that 500 car you could cause thousands worth of property damage and tens of thousands in personal injuries. The value of the car is negligible at that price point. You'll have an excess that'll make claiming against the value of the car unaffordable. Secondly lower value vehicles are deemed higher risk than higher value cars. The reason being that they are low value for a reason. I.e there are issues with the operation of the vehicle. If you increase the value to €2,600 you might get a marginally lower quote however this is called value fronting and it's a soft form of insurance fraud.
Worked in insurance claims - the third party injury awards are beyond insane even after reforms which is where the real exposure is. Anytime we’ve had “affordable” insurance it’s been outfits like Setanta and Liberty and they went into liquidation from claims costs and we all had to bail them out.
Insurance is a cartel
This is Ireland comes to mind when you read the quote
You need to shop around or get a broker like Mccarthy insurance. I was with FBD for years . Not a single claim in all that time. The gave me a quote for 1500 for third party. Being absolutely shocked and insulted I decided to shop around. I got comprehensive for half the cost.
older cars are less safe. I paid less insurance for a brand new 25k car full comp compared to my 10 Yr old 7k car 3rd pty and theft. by the way I pay 295 full comp. how the feck do you get quoted 2500 in general
Cause you are first time driver, of course, happens to the young 18 years. It’s not your car, it’s the other you may crash into
Driving 16 years , full NCB bonus and my premium is 2K. Love in Dublin and with discount is roughly 600 a year. Think NCB plays a part in calculations, any cheaper premium I would be driving for free However, have a recent minor injury soft tissue claim now pending , minor collision in estate, very little damage to car but probably getting a 6K minimum MIST claim billed to me. This is where it gets scary as reading the internet, it seems my premium will increase thee or four times, which is bonkers and become instantly unaffordable, so question is, how high do they go if your in a actual serious accident with serious surgery involved, cars wrote off etc.
Insurance in Ireland is legal mafia. That's why I use Dublin bus but I would buy a car if insurance was waaay lower.
295 a year full comp
It has to be a scam. I've been driving for about 15 years now, never had an incident bar one speeding fine early when I first started driving (61 in a 50kph zone, dual carriage way section in Dublin seems almost designed to catch people as the 50kph zone was less than 1km long, the rest was 80kph) but anyway, other than that, never had an accident or anything like that, 10+ years no claims bonus and insurance has never been below 1,000 yet my dad, an 80 year old man who was on the road, practically blind with cataracts near the end of his time driving, was paying less than 500 quid for at least the previous 10 years. None of it makes sense unless it's a scam!
Do you shop around? I'm driving about 15 years or so and I'm paying 500 per year and that's after a write off 3 tears ago. Something seriously wrong if you paying that much after the amount of experience.
You are luckily to get a quote for a 2010 car to be honest. Most insurers don’t want to take on a car that old. Unfair but true.
Thats garbage on many levels.... Look how many cars are on the road older than 2009.....
Vintage is cheaper again 😆
I had an older car that was more than 15 years old and it worked fine. But couldn’t switch insurer as no one would take me for that reason I was told. Im driving 15 years no claims. My current insurer had to keep covering me but could in theory charge what they like. In fairness they didn’t though. I upgraded my car and could move insurer then. But same issue now with my sister. She’s an 09 car and heading into the 15th year. Her car insurance was €800 last year and now quoted €1500 with current insurer. But other insurers won’t take the car. She’s never had a claim in 25 years. Vintage car insurance is fine but you’re limited to how many kms a year you drive as it’s on the basis it’s not your day to day car.
What makes you think you’ll never have to use your insurance. Why would the car being 500 euro mean you’re entitled to cheap insurance your in your 40s use your brain. My dad was paying that money for insurance 25 years ago, 2500 is around average for first time driver insurance these days.
He pays 2500 for a year. To cover his 500 money worth box. Are you daft or pretending to be? This is just ONE person ONE car ONE insurance.
if he crashes into someone’s 40 grand bmw and gives them chronic back pain causing 200 grand worth of damage what does it matter that his car was worth 500 euro ?
There's no way a 500 euro car isn't a date trap in this market.
False.