Motor Insurance – is something that every driver will have to buy every year so any savings made on motor insurance can really add up over the years. Most people leave it too late to find the best quote on the market and simply renew with their current provider for convenience sake.
There are several providers of motor insurance on the Irish market and quotes can vary significantly so it is important to compare quotes across as many providers as you can to make sure you save as much money as possible.
You can either do this by contacting each provider directly or by using an online broker. The advantage of an online broker is that they can compare different providers for you or they may be able to provide deals that aren’t available directly to consumers.
Also consumers need to be aware of the increase in charges they will face from most insurers if they opt to spread payments for insurance across the year they will be charged up to 20% extra.
In the table below we have listed the main providers with some details and a sample quote for comprehensive insurance for a 25 year old teacher driving a Nissan Micra. This information comes from a survey completed by the Competition and Consumer Protection Commission in 2015.
Provider | Direct/Broker | Current Deals | Sample Quote | Annualised equivalent % charged for paying by instalments |
---|---|---|---|---|
AIG | Direct | • Up to 20% discount with XLNTdriver smart driving app | €1,017 | Not applicable |
Allianz | Direct | • 14% Online Discount | €467 | 18.60% |
Aviva | Direct | • Up to 50% No Claims Bonus • 8 weeks free • 10% Online Discount • 5% Discount if have another policy with Aviva • 25% Discount with aviva multicar when you insure a 2nd car | €482 | 20.08% |
AXA Insurance | Direct | • Up to 75% No Claims Discount • 10% Online Discount • 10% Discount if you share an address with an existing AXA customer | €882 | 17.04% |
FBD | Direct | • 10% Online Discount | €543 | 16.80% |
Liberty Insurance | Direct | • 8 Weeks Free | €529 | 19.66% |
RSA Insurance Ireland Ltd | Direct | €943 | Not applicable | |
Zurich | Direct | • 55% No Claims Discount | €813 | 17.81% |