Irish motorists could be paying more than €300 too much for their car insurance, new figures reveal.
Misplaced loyalty is driving up premium prices, a new study from Insuremycars.ie shows, and road users could almost halve their yearly charge if they shopped around. On average Irish drivers were paying anywhere from €170 to €300 more than they should, the research found, and some motorists were paying more than €300 too much.
Insuremycars.ie chief Jonathan Hehir said: “We took three average driver profiles and looked at the quotes offered to them by five different providers. What the figures show is that no one insurer is consistently the cheapest or most expensive. In one case, a motorist was quoted €656 by one insurer, but had they shopped around they would have been able to secure the same cover for €344.”
