Sunday 25 February 2018

RSA salesman said some motorists were seeing their premiums jump 200pc

John Meagher has seen the motor insurance premium he was quoted jump 50pc in a year. Ronan Lang
John Meagher has seen the motor insurance premium he was quoted jump 50pc in a year. Ronan Lang
John Meagher

John Meagher

So RSA Insurance, owner of, has pushed up motor premiums by 13pc?

Not to me, it hasn't. Instead, the new premium I've been quoted jumps a staggering 50pc.

I had to re-read the email they sent me several times to make sure I wasn't hallucinating. But there it was in black-and-white: The price they're offering is €750.56 – a massive leap from the €501.08 I was quoted 12 months ago.

The only thing that has changed in the intervening year is that both myself and my wife – the named driver – are a year older than we were and the car has depreciated in value over that time, too.

Yet, for reasons to do with "ratings actions" and "general rate application" – to quote the RSA's spokesman Pat Nally – drivers, me included, have seen their premiums go up. Or, in my case, shoot up.

The quote of €750.56 strikes me as a hell of a lot of money to insure a 2007 BMW 3 Series, driven no more than about 10,000 miles per year, by a pair of sensible motorists with no road traffic offenses or misdemeanours to our names.

I'm a 38-year-old male who has held a full licence for almost 20 years, not a boy racer who might represent real risk for the insurer.


When I phoned to enquire how the company could justify such an astonishing rise, the help-desk person said it was in the hands of the underwriter, RSA, and couldn't offer me any meaningful reason.

In an effort to placate me and make me realise my situation wasn't so bad after all, he suggested that some motorists were seeing the premiums they were offered jump by 200pc. Great. That really helps me.

My insurance is up for renewal on Monday, but until then I'll be shopping around.

In tomorrow's Irish Independent John Meagher writes about the motor insurance minefield

Irish Independent

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