I was speaking with my brother last night who is in his thirties and for some reason car insurance popped up as his was up for renewal. He told me that his insurance hasn’t changed since he left college and he is still being charged a really high rate for his insurance.
Males below the age of 35 are still being loaded for isnurance and the rates are increasing. I am over 40 and still pay 540 for a 1.6 litre car which compared to people in the UK is crazy. Irish drivers havea poor record on the roads but I think that in a lot of cases we are an easy target due to the limited xchoixe of brokers.
If you watch UK TV and the multitude of Sky channels you will see insurance after insurance ad for the simple reason that there is huge competition there and they have to compete for multiple niche markets. Due to our population we cannot hope to do this (look at the state of our private health care market as a recent real example)
Even brokers are tied in many cases so when you think they are working for you often they are only searching through a small subset of options as tghey are commission based and they of course will gravitate to the best commission even if it doesn’t work out best for you in terms of coverage or price.
How much do you pay?