The latest price comparison on house insurance in Ireland by the financial regulator was carried out in February 2011 . The survey of house insurance quotes did not include brokers. See the latest articles on Home Insurance
The Regulator requested quotes from 9 insurance companies on 8 different properties. As usual the survey shows that you can save substantial amounts on insurance costs by shopping around.
In one example – there was difference in price of almost 100% between the highest and lowest quote . The 4 bedroom semi-detached house in Westport, Co. Mayo. with a rebuilding cost of €160,000 and contents worth €80,000..
The lowest quote for house insurance (buildings and contents) was from Allianz at €370 a year. The most expensive quote was for €730 at Chartis Direct . (Almost double the price !)
The same Westport house without a smoke alarm or burglar alarm resulted in insurance quotes ranging from €883 to €452. The Allianz price increased from €370 to €452 – an increase of €82 a year.
Insurance quotes on a 4-bedroom detached house in Co. Kilkenny with a rebuilding cost of €210,000 and the contents worth €70,000. – ranged from €276 at Aviva to €695 at Chartis .
Out of the 8 insurance quotes Getcover were cheapest for 3 of them, Allianz and Aviva were cheapest for for 2 of them and Quinn direct was the cheapest in just one