Saturday 14 December 2019

Make me Richer: Save money on bicycle insurance

Pedal Power: Cyclist Samantha McCarthy could save €18 with the right insurance. Photo: Eamon Ward.
Pedal Power: Cyclist Samantha McCarthy could save €18 with the right insurance. Photo: Eamon Ward.

Sarah Stack

Bike insurance

There are definitely more cyclists on our roads thanks to the excellent Bike to Work tax scheme, better cycle lanes and our fleeting interest in general fitness. While a lesson in road safety, a helmet, a hi-vis jacket and lights can keep you safe when out and about, how do you protect yourself if your beloved two wheeler is damaged or stolen? This policy, which is for a bike worth €800, also includes personal accident cover.

Best €68.25 Bicycleinsurance.ie

Avoid €85.05 One Direct

Save €16.80 a year

www.bicycleinsurance.ie

GPS running watch

Maybe you prefer to keep your feet on the ground. That's firmly on the ground. You may as well track your distance, speed and calories while you're at it. The Garmin Forerunner 10 GPS running watch also identifies your personal records, providing a bit of extra motivation along the way. Light and colourful (there's several to chose from), it even has a virtual pacer to help you meet your targets.

All prices from www.pricespy.ie.

Best €107.99 Cycle Superstore

Avoid €135 Base2Race

Save €27.01

www.cyclesuperstore.ie

Car insurance

Fully comprehensive car insurance for a 50-year-old man living in Mayo should be reasonable enough. He is driving a 2008 Ford Mondeo, worth €7,000, and has no points on his full driving licence. And there's no previous claims. His new policy is bonus protected and the excess is €300. So why is there still such a big difference between insurance firms?

Best €294.78 Aviva

Avoid €606.00 Axa broker

Save €311.22

www.aviva.ie

Home insurance

It's renewal time again. The owners of a property in Roscommon are evaluating quotes for their home, which is worth €200,000. The couple are aged in their late 60s and their home is alarmed. The new policy includes buildings cover of €150,000 and contents cover of €25,000. They have had no claims in the last five years and the excess is €300.

Best €193.20 Chrome

Avoid €339.44 Liberty

Save €146.24

www.chromeinsurance.ie

Savings

With DIRT hitting everything but State savings accounts it's hard to decide if it's worth it. This is what you'll get in interest saving €400 a month with a bank before you'll get hit with the tax.

Best €104.40 Nationwide UK (Ireland)

Avoid €46.80 Bank of Ireland

Save €57.60

www.nationwideuk.ie

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