Saturday 24 February 2018

Make me Richer

Car insurance

Sarah Stack

Sarah Stack

Being the proud owner of an Audi will cost you – both at the car dealers, and in getting it on the road. When it comes to insurance, the price is high.

This 35-year-old banker is looking for cover for his 2012 Audi A6. The car is worth €35,000 and the owner, who lives in Dublin, has five years' no claims. The excess for any damage is €300.

Best: €558 FBD

Avoid: €1,168 Aviva Broker

Saving: €610 a year

www.fbd.ie

LADY COVER

A policy is even more expensive for a young woman getting her set of wheels on the road covered. The 22-year-old lives in Limerick city and enjoys three years' no claims. She drives a 2011 Citroen C3 1.4 worth €9,000 and the policy includes €300 excess.

Best: €856 Allianz

Avoid: €1,085 Zurich

Saving: €229 a year

www.allianz.ie

HOME INSURANCE

Many couples forget to add that special engagement or eternity ring on to their house insurance. We looked at a policy for a three-bed semi-detached house in Blackrock, Co Dublin, built in 1990. It includes no accidental damage, but a diamond ring worth €7,000 is listed as a specified item.

The couple have never made a claim before, nor been refused insurance or a renewal, and the house is in an area not prone to flooding or subsidence. The property has an alarm, not connected to a central station, and five-lever mortice deadlocks.

It includes buildings cover for €190,000 and contents cover for €35,000.

Best: €300 Aviva

Avoid: €410 Zurich

Saving: €110

www.chill.ie

MORTGAGE PROTECTION

With every mortgage comes mortgage protection and, with house prices on the up, budding homeowners are shopping around to find the best cover.

This policy is for a couple in their early 30s – both non smokers – who are buying their first home. The plan covers a €300,000 mortgage over a 35-year-term and can save them enough money to buy that extra comfy sofa.

Best: €26.30 Irish Life

Avoid: €31.55 New Ireland

Saving: €2,205 over the term of the mortgage.

www.discountinsurance.ie

LIFE ASSURANCE

Leaving money to a loved one after death is an important priority for many couples. Policy holders pay a premium for a certain term and if they die during that time their beneficiaries will receive a lump sum.

This married couple, who are both 49 years old and non-smokers, have a policy for life cover of €250,000 over a 20-year term

Best: €105 Irish Life

Avoid: €133 New Ireland

Saving: €3,546 over the term of the policy.

www.discountinsurance.ie

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