Make me Richer
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
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
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
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.
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.
Sunday Indo Business