Car Insurance - Dearer In Northern Ireland

#2
Fcuk tell me about it,
I just renewed my car and the wifes and the house ins, just what I needed two weeks before christmas,
I could understand the high prices when the troubles were in full swing...but ffs we are supposed to be normal now?
 
B

Biscuits_AB

Guest
#3
The high insurance prices in NI are actually nothing to do with the troubles. It's plain and simply down to the standard of driving there and the amount of claims due to it. I found this out when I was trawling for a decent quote. Every insurance company I spoke to said the same.
 
#4
The high insurance prices in NI are actually nothing to do with the troubles. It's plain and simply down to the standard of driving there and the amount of claims due to it. I found this out when I was trawling for a decent quote. Every insurance company I spoke to said the same.
Yes
I understand that ,but everything over here was always blamed on the troubles it was a handy catchall for everything and over the years you reluctantly began to accept it,
as for the driving standards I drive from here to rinjsberg every week and I find NI no better or worse than anywhere else.
 

The_Duke

LE
Moderator
#5
The motor insurance Market is cut throat. If an insurer thought they could cut the rates to become the number 1 choice in NI and still make money then they would.

The fact that the rates are still high means that theclaims are still high!
 
#6
The motor insurance Market is cut throat. If an insurer thought they could cut the rates to become the number 1 choice in NI and still make money then they would.

The fact that the rates are still high means that theclaims are still high!
Or they all just agree to not to dis- agree on the price and all the companies then get the same sized slice of the pie !
 
#8
Not a chance - one would always try to undercut the others top get a bigger share!
The OFT doesn't appear to agree according to its report.

Sonya Branch, the OFT's senior director of services, infrastructure and public markets, said: "Our call for evidence has enabled us to gather information swiftly and efficiently so that we can now focus on specific features of the market that we are concerned could be restricting or distorting competition.
From this news report.
http://www.google.co.uk/url?sa=t&rc...nPCKCg&usg=AFQjCNGqwX8l5orEPcKTLpml9mZoZogFYQ
 

The_Duke

LE
Moderator
#9
The OFT doesn't appear to agree according to its report.



From this news report.
http://www.google.co.uk/url?sa=t&rc...nPCKCg&usg=AFQjCNGqwX8l5orEPcKTLpml9mZoZogFYQ
Did you actually read the news report? It actually suggests that insurers "might have had the opportunity" to increase revenue by forcing their competitors to pay out more in claims for hire cars etc through their limited ability to manage claims costs. This would make their oppositions costs higher, forcing them to charge more in premium to allow for the higher cost, thus making them less competetive.

The second point suggested insurers were using thier client base to generate additional income streams which they take as profit rather than using them to offset client costs. This is quite common in many types of industries where client lists are generated.

Both of these concerns were UK market wide.

You will also have seen the following, relevant, paragraphs:

"As part of its analysis, the OFT looked specifically at the prices of motor insurance premiums in Northern Ireland, which it found were approximately 11 per cent higher than in the rest of the UK.

It considered that this may be partly explained by the fact that fewer consumers in Northern Ireland shop around for motor insurance - 55 per cent, compared to 73 per cent of consumers in England, Wales and Scotland.

The OFT also received evidence that suggested there were higher personal injury compensation levels and higher legal costs associated with claims in Northern Ireland, as well as more frequent accidents."
 

skid2

LE
Book Reviewer
#10
Yes
I understand that ,but everything over here was always blamed on the troubles it was a handy catchall for everything and over the years you reluctantly began to accept it,
as for the driving standards I drive from here to reinsberg every week and I find NI no better or worse than anywhere else.

Obviously don't spend any time in Newtownards :)
 
B

Boozy

Guest
#11
Car insurance is the bane of my life. I've been saving all year and still only have a third of what I need to have to pay it by spring.

Wouldn't agree that driving standards are any worse here than in GB, you get muppet drivers the world over. I actually feel a lot safer on the roads here than I did when I lived in GB. But then I live in the arse end of nowhere where a dual carriageway is called a motorway.

Conditions were pretty treacherous out there last night and today! Drove home in a blizzard last night and though I was crawling through a town centre I actually drifted round a corner it was so slippy. Glad I didn't wreck the car or my insurance would be even worse!
 
#12
The high insurance prices in NI are actually nothing to do with the troubles. It's plain and simply down to the standard of driving there and the amount of claims due to it. I found this out when I was trawling for a decent quote. Every insurance company I spoke to said the same.
Probably not helped by joyriding being the national sport over there either.

Obviously don't spend any time in Newtownards :)
Or driving down the hill in front of the shopping centre in Bangor where random lane changes, slamming brakes on when spotting a parking space and non use of indicators appears to be mandatory.
 
B

Biscuits_AB

Guest
#14
I have read a articles,that says...
Car insurance prices are at an all time high and younger drivers will be paying the price, more so than any other drivers. This is because the insurance companies have been having a difficult time because of losses on premiums by customers who were not as loyal as they should have been. The insurance companies are desperate for a way to make up this lost money and thus, they have raised their prices for younger drivers, regardless of their driving behavior.
Chuffed to ****. Anything to keep the ******* off the road.
 
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