Do you remember the last round of car insurance hikes?
My theory is that the industry lost it's shirt on the stock market and went back to the soft touch for the money they lost.
So what's going on in the global stock markets?
Hmmmm it seems that investors are losing their shirts all over again.
If all the companies out there start pushing policies through the roof again shopping around becomes ineffective.
Especially as most of the companies out there belong to a parent group of just a handfull of insurance companies.
Let the rip off commence!
I have just received my renewal quote from Hibernian Insurance, and have seen it rise quite steeply.
I was wondering if anybody else's car insurance (from any company) has risen this year?
I don't understand the logic of charging me E590 last year, and now asking for E730 this year even though I have not made a claim against my car insurance for the 5 or 6 years I have been with Hibernian.
Yes, same experience as Pique - my insurance is due for renewal next week & AA are at least €100 cheaper than anyone else so far but 5 years NCD is a necessity as they were very expensive for my recently qualified wife.
I'm not sure how Insurance Companies invest there profit but I'd have to agree with the above comment.
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