Friday 20 April 2018

'I was off the road for a few years due to unemployment, now my premium is up 700pc' - readers share outrage over insurance hikes

Allison Bray’s insurer raised her premium from €283 to €479. Picture: Arthur Carron
Allison Bray’s insurer raised her premium from €283 to €479. Picture: Arthur Carron
Brian O'Reilly

Brian O'Reilly

READERS of have been venting their frustration at spiraling insurance premiums.

Hundreds of readers have gotten in touch to share their horror after receiving their premium for this year.

Many shared stories of holding a clear driving record for decades - yet still have seen their premium double or more.

One reader said: "10 years no claims, no penalty points [or] parking fines [and]  our insurance has doubled this year, we asked [the] insurance company 'why?' and they said it was due to all the claims [that have] been made and the fact we have a car older than 10 years?

"Like the woman in this story, we do less than 10,000 miles a year, it's a joke."

One reader, who was forced to go off road for a few years due to unemployment, was horrified to find her premium was up almost 700% when she went to get back on the road.

"Went off the road for four years due to unemployment, [and I am] now paying just under €3,000 for insurance, and was refused a quote by a number of insurance companies." they said.

Others are finding the age of their vehicle is preventing them getting cover - despite being in no accidents.

"My husband's renewal is in. €400 last year, €675 this year. No convictions or penalty points. Full licence and 10+ years no claims. Car is a 98 Renault Clio.

"He only drives it to work and home, five miles each way.... one company quoting €1150 to insure him, others refusing to quote. We have to seriously consider getting rid of a car that passes the NCT every year," she said.

Young drivers are also finding it increasingly difficult to find affordable cover:

"My son is 25yrs old [and has a] full clean driving licence for almost 7 years. We got three quotes for a 00 Nissan micra, which had new NCT , therefore is roadworthy, valued at less than €500.

"Got quoted €6,873, €2,570 and €2,450."

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