Business Personal Finance

Sunday 27 May 2018

Make me richer with Nick Webb

Car insurance: Kate Middleton now wears top Irish designer Orla Kiely's gear. Is a State visit next?

She could go down to that outlet village in Kildare and have a bit of a splurge. But the car park is jammers with Ford Kas. Saving money on insurance must be how all the shoppers can hoard money to keep buying designer goods all weekend. Cover for a €9,000 2010 Ford Ka 3-door 1.2-litre for a rather short 28-year-old woman driver from Newbridge, Co Kildare. She may be a little short -- but has been a jolly safe driver, clocking up absolutely zero in the way of points or nasty claims. A big fat excess keeps the cost of the premium down, so we've gone for €300.

Best: €340.19

Avoid: Allianz €484

Saving: €143.81 a year

contact: or 01 2541300


The evil chuckle of your bank manager when confronted with an overdraft application will chill you to the bone. Along with the other bank henchmen, they will grind your bones and squeeze every last drop of blood from your body if you try to borrow anything from them. Overdraft rates are plum nonsense, especially for a €1,500 much-used facility. And we bailed out Bank of Ireland... why?

Best: NIB Easy 10.25 per cent

Avoid: Bank of Ireland 15.90 per cent

Saving: Up to €84.75 per year on interest

contact: or local branch

Electricity bills

That loud thud was the sound of your jaw hitting the floor as you opened the latest ESB bill. It seems to suggest that the entire national grid was used to power your house last month. . . when all you did was put on the tumble dryer twice. Log on to to see how much you can save by switching to a cheaper electricity provider. The ESB is anything but cheap. How else could they pay for all the staff "gravy"? For a home using €100 per month in electricity and already paying by direct debit.

Best: Airtricity two-year contract €1,023.96 per year

Avoid: ESB €1,200

Saving: €176.04

contact: or 1850 81 81 10

Home insurance

Gaze out the window at all the orange-faced, Ugg-booted, Hollister-clad teens on their way up for a bit of a pose at Dundrum Shopping Centre while you tot up bills for house insurance on a €600,000 valued semi-D in Dundrum, Dublin 14. No claims. Excess €300. Usual locks and alarms. Couple of 60-year-olds. No accidental damage. €200,000 rebuild and 20 per cent contents.

Best: Chrome Insurance €229

Avoid: Axa €464

Saving: €235 a year

contact: or 1890 247 663

Shop insurance

While luring Paypal to Ireland is a cracking result, small business is going to be the big driver of any economic recovery. Not that most insurers are doing much to help ease the burden. Commercial property insurance for a florist in Galway city. €20,000 in stock and €150,000 in business cover. No claims.

Best: Zurich €659.00

Avoid: Aviva €766.00

Saving: €107.00 a year

contact: or 1890 200 105

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