Cheapest Car Insurance
As always – “shop around ” is the best advice when buying or renewing car insurance. You could save hundreds of euros by going with one insurance company instead of another. In one example in a recent price comparison on Irish car insurance by the Financial Regulator – one car insurance quote was almost 3 times more expensive than the cheapest quote for the same client.
In the October 2009 survey – quotes were obtained for car insurance for a female 22 year old student with 2 penalty points , 4 years full license and 2 years no claims bonus. She was driving a 2002 Nissan Almera . The quote also included a named driver – her 22 year old male partner with a provisional licence.
The cheapest insurance quote for this young driver was from Hibernian Aviva at €873 a year. The highest quote for the same criteria was €2506 from Axa Insurance . The Axa price was 287% more than the Aviva price. (A difference of €1633)
Note- The Aviva price was subject to the driver taking and passing a free 1 hour driving assessment to qualify for a special Ignition discount.
Other quotes in this example were €1418 from Quinn , €1652 from FBD , €1695 fom Allianz, €2153 from RSA via a broker and €2033 from Zurich.
In another quote comparison – for a 55 year old female driving a 2007 1.8l Ford Mondeo with a full clean licence. The cheapest cover was from Hibernian Aviva at €417 a year – with Quinn and Axa close behind at €421. The highest quote in this example was from Chartis at €579 – an increase of €162 compared to the lowest quote.
Comparing car insurance quotes for a 32 year old male social worker from Lucan, Co. Dublin with a full 10 year old clean licence and 5 years no claims bonus – driving a 2006 VW Polo worth €10k. The lowest premium found was €468 from Aviva and FBD . Next best was from Quinn at €496 with the most expensive quote being from Alllianz at €793. Again – a considerable difference of €297 between the cheapest and the most expensive quotes.
It could take a couple of hours to check out quotes from several companies – but if you can save up as much as €1633 – it will be time well spent.
Until March 2010 – you will be entered into a free draw to win an Opel Corsa if you get a full quote online at Aviva
Ref: http://www.itsyourmoney.ie/cs_group_motor_insurance.htm