A teenage driver has slammed his “unfair” quote for insurance on a 2004 Ford Fiesta – nearly €17,000.
Nathan Guilfoyle, 18, who passed his test in January, told of his despair when he saw the figure from Allianz.
He added: “My original reaction was that it was really unfair rather than being shocked.
“You do expect high enough prices but when it came to that one, I thought, ‘OK €6,000, €5000, I can see why they might go high enough.
“But when I saw €16,785.01, which is eight times what the car is worth, I just thought it was unfair.”
The Leaving Cert student, who has a clean licence and never been involved in a crash, said he believes some companies do not want to insure young motorists.
Nathan, from Claremorris, Co Mayo, added: “I think that’s definitely the case. I don’t think they’re being proper with that figure.
“I think there’s an element they don’t want to insure young drivers.
“I know there’s a stigma around us but I think it’s just unfair for everybody involved because most of the lads I know just want to have a car and drive around.
“We’re a victim of other people; we don’t get a fresh start. We don’t get a clean slate. I think it’s unfair the way the whole system works really.”
Nathan’s mum Irene phoned the Tommy Marren Show on MidWest Radio yesterday to speak about her son’s premium after Fianna Fail TD Dara Calleary discussed the need for more transparency in the sector.
She said: “We wanted Nathan on his own policy because it’d be there and it’d be handy and he could bring himself and Dean to school and drop my other daughter to school.”
Asked about her reaction to the Allianz Insurance quote, Irene added: “You could only laugh because what planet are they on?
“They don’t want to insure young drivers I think and that’s their way of not taking them on.
“A lot of them [insurance firms] won’t even quote young drivers now. Some of them did give us quotations and they were about €5,500 or €6,000 but even at that it was mental.
“He’s insured now. My renewal came up in April so I insured Nathan and his younger brother, who’s on a provisional.
“They’re both insured now for €1,500 with Axa as named drivers. And we’re happy with that.”
Allianz Insurance was contacted for a comment but did not reply.