Saturday 14 December 2019

Make me Richer

Car insurance

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


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

Saving: €110


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.

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