Dealing with the agents of some of the other providers is no better than talking to a chatbot!Surely car insurance and claims are areas where you actually need to be able to phone someone and discuss it?
Yes. From T&Cs Allianz look like the insurer.
Can't see a new tied agent having that much impact on the general market?I wouldn't touch them for car insurance but if they put downward pressure on premiums that would be a good thing in general.
The reporting said it would launch in Spring but didn't specify a date.Revolut made their announced this last month but nothing since then! Are they offering car insurance yet? Or is their a planned launch date?
It's probably like almost every insurance provider claiming that they're "cheapest" which is obviously impossible. Maybe cheapest for some very specific case that they choose and bury in the small print."A 51 year-old woman living in Blackrock, Co Dublin, driving a 2018 Kia Sportage could pay as little as €300 for the year, Revolut said. The next best quote available now in Ireland is €490, Revolut said, with the average quote among five of the country’s leading insurers coming in at €548."
I have friends and family in that broad bracket not paying anything as high as Revolut claim. So I went to the first google result I could find and put in details for a 51yr old living in blackrock and a 2018 sportage, with 6+ no claims and full licence and got €380 - far from the "next best quote available in Ireland of €490" - and I assume I could find cheaper if I tried, as a close relative in that bracket is paying about €330).. (I don't know the criteria Revolut used for their Irish Independent article (advert) but it seems reasonable to assume full no claims and licence).
What is wrong with journalism (same with bank deposits) - can they not make any attempt to authenticate claims like this? The "next best quote" of €490, and the average quote among 5 coming in at €548 simply isn't true imo.
Hence the benefits that might arise from some real journalism and not copy/paste!It's probably like almost every insurance provider claiming that they're "cheapest" which is obviously impossible. Maybe cheapest for some very specific case that they choose and bury in the small print.
I was curious about this too, I entered those details and got a quote of €523 from 123.ie. I think it's only when we can try some real world comparisons that we'll see whether there's value here.I have friends and family in that broad bracket not paying anything as high as Revolut claim. So I went to the first google result I could find and put in details for a 51yr old living in blackrock and a 2018 sportage, with 6+ no claims and full licence and got €380 - far from the "next best quote available in Ireland of €490" - and I assume I could find cheaper if I tried, as a close relative in that bracket is paying about €330).. (I don't know the criteria Revolut used for their Irish Independent article (advert) but it seems reasonable to assume full no claims and licence).
What is wrong with journalism (same with bank deposits) - can they not make any attempt to authenticate claims like this? The "next best quote" of €490, and the average quote among 5 coming in at €548 simply isn't true imo.
Thanks. Your sarcasm aside on sending a letter to the Indo, I don't just sit on the fence and blather on here, I'm in the middle of a formal complaint with Bunq relating to the reasons they provided for offering lower interest rates here, and other countries ("to comply with logal regulations".I attach the press release from Revolut
To be fair, it seems that Revolut issued a press release yesterday, Sunday.
Journalists are not going to spend the day doing comparisons.
But I am sure that if the press release is misleading, the Indo will publish a correction.
Let me know when your letter to the Indo is published.
Brendan
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