New Differential Pricing Rules
Please read: Important Information about New Differential Pricing Rules , effective from the 1st of July.
Please be advised from the 1st of July 2022, AIG will apply new pricing rules on private motor and home insurance policies to meet the Central Bank’s rules on Differential Pricing.
These changes mean that if you are renewing your private motor or home insurance policy for the second or subsequent time, AIG will not apply a higher premium than they would charge you as an equivalent year one renewal customer at that point in time.
However, your premium may still decrease or increase from year to year due to other factors, such as a change in your risk profile, type of cover selected, claims experience and so forth.
More details on differential pricing and the new regulations can be found on the Central Bank’s website.