Friday 20 January 2017

Shop around for the best insurance deal

Make Me Richer

Published 03/08/2014 | 02:30

Having insurance for travel, home and life is not always the first bill you think of - but it is one of the most important. However, shopping around can work wonders when it comes to your budget

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Bicycle insurance

For the real road racers and cycling enthusiasts out there, splashing out up to €3,000 for a bicycle will seem like a good investment. But they'll also need to splash out on cover for something that costs more than a small run-around. Our insurance quotes include accidental damage, theft and personal accident cover.

Best €229.95

Avoid €283.50 One Direct

Save €53.55

Car insurance

If you're anything like me, you're probably more likely to hit the road in the comfort of your car than get on a two wheeled vehicle, like our pensioner living in Co Clare.

The 70-year-old drives a 2010 Toyota Yaris worth €12,000. He has the benefit of a full clean driving licence, that's zero points for an insurance company to count against him. His new policy is bonus protected and the excess is €300.

Best €280.76 Aviva

Avoid €897.00 ARB Broker

Save €616.24

Home insurance

This house in picturesque Co Sligo is worth €265,000.

It has an alarm and the owner, a 39-year-old, wants buildings cover of €200,000 and €30,000 to cover contents. The policy includes accidental damage and the owner has five years' no claims.

So how much can he save by shopping around?

Best €200 Chrome

Avoid €482.11 Axa

Save €282.11

Life insurance

If you're looking at joint cover with your partner, maybe consider going for dual life so that you can get two pay-outs instead of just one.

Our couple, both aged around 35, are looking at a policy for €250,000 over 25 years. But remember you can be charged more if you smoke, have an unhealthy lifestyle, or enjoy hazardous sports.

Best €34.01 a month Caledonian via

Avoid €47.63 a month Aviva

Save €13.62 month

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