Irish Insurance Companies Uncompetitive - Go to Your Broker
I saw this story on the Irish Insurance industry on the RTE and I laughed “Insurance companies cutting premiums“.
My own experience of this differs greatly. My insurance renewal was up recently, and my providers Quinndirect sent me my renewal quote. My quote went up from €1160 to €1580 a rise of over €400 in the space of a year when I had no claims and no penalty points.
Having been told sheepishly from the Quinndirect operative that this was “down to the cost of insurance on the day my quote was issued” I knew I was not going to get any satisfaction. To fob customers off with this excuse was reprehensible. Quinndirect obviously don’t think their customers are too intelligent. I have to say their operatives are nice but their policy (pardon the pun) is a joke.
Having avoided daylight robbery from Quinndirect I turned Ireland’s other insurance companies, FBD, Hibernian, Axa, and Tesco. They all were awful. Hibernian wanted to charge me €1900, Axa even more and Tesco were the most of all - €1950. FBD refused to quote me. When I asked them to comment they declined.
At this point I was wondering if I was going to be able to get insured when I called up the local Broker. O’Mahony, Boylan, Golden were fantastic. In a 5min phone call I got a quote for €870. A saving of €700 on the nearest rival and an appropriate amount given my good experience and lack of endorsements etc. For my efforts to go Irish I ended up with Zurich, but if we refuse to compete that’s what happens. There’s a less there for the Irish economy at large.
O’Mahony, Boylan, Golden - their website blows, but their quotes Rock.
Posted 13.10.07