Home insurance 2025 post storm Eowyn

Got my renewal today and it’s gone up 50 % on last year .
Tried to shop around but it’s like a cartel .
Decided I wasn’t going to pay 900 euro so tried quotes without contents and they are more than 1,000 . Either way my current provider . How is it going up when you remove a significant portion of the insurable risk .
Anyone else seeing extortionate quotes this year

Are you sure that you're insuring for the appropriate reinstatement value and not the market value?

I renewed the buildings only insurance on a property recently and it was more it less in line with last year's premium and not worth shopping around for as I'm selling the place now anyway.

Homewardbound11 said:

Tried to shop around but it’s like a cartel .

Click to expand...

No, its not like a cartel, it is a cartel.

I was helping someone with their house insurance quote this year, renewal was 570 for 315 blds (I measured house to be sure as it sounded low and went with SCSI guidelines and it's correct), 18k contents and a 3k all risks item that was long gone! Anyway I went to AXA as my own insurance was with them for higher amounts covered but premium was less than 500. Quote I got was €1,270, couldn't quite believe it, had changed the cover to 315k blds, 60k contents. This was with a discount for having car insurance with AXA, the person themselves happened to ring AXA today having forgotten that was one I tried and were given a quote of €970 for very same cover! It's mind boggling out there. Anyway Aviva have quoted 470 so that is something at least!

100% its a cartel. Anyone suggesting otherwise is in cloud coo coo land. Insurance in ireland is a rip off racket.

Get on to your local td about it, 50% increase is disgraceful.

Renewed recently with AXA. Buildings €350k and €50k for contents. Cost €498. Just a few euro more than last year.

Renewed recently, building €377, content 87, all risk : 22k.
Price 446 Aviva.

Rang 6 insurers, most were ridiculous in the 700 to 955 range

Folks, this is the Wikipedia description of a cartel

A cartel is a group of independent market participants who collude with each other as well as agreeing not to compete with each other[1] in order to improve their profits and dominate the market. A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Jurisdictions frequently consider cartelization to be anti-competitive behavior, leading them to outlaw cartel practices.

So you are suggesting that the (at least) 6 insurance companies in the Irish market are in criminal collusion with each other?

I know that the CCPC is a useless organisation, but if any of you have evidence of cartel behaviour, then do contact them. I think it's a criminal act and not just a civic act.

We are living in an unpredictable world.


In the past it was easy enough to set insurance premiums based on past events. Storm Eowyn shows that climate change could make insurance very unprofitable.

Does the Central Bank not report on the profitability of insurance companies?

This is all I could find:


But I can't figure out the profitability from these figures.