Go to: http://www.CHEAPESTCARINSURANCEIRELAND.com Car insurance in Ireland is still pretty expensive, but this video has 7 quick, simple tips to reduce the cost of your Irish motor insurance (by as much as 71%). They will work no matter where you live, what age you are, what your driving record is like, what kind of car you drive, or how many penalty points you have!
Car insurance in Ireland has started to become more expensive again. Despite falling in cost for a number of years, it seems many insurance companies want to use the recession to return to the days when the Irish motor insurance market was an astonishing 100 times more profitable than our neighbours in the UK!
Here are 7 simple tips guaranteed to cut your motor insurance premiums dramatically... no matter where you live... your age... your car... your driving record... or how many penalty points you have!
Pay More "Excess": "Excess" is the amount you have to pay towards any claim you make. In other words, if your excess is €200, you'll only get money from your insurance company if your claim exceeds this. Some policies have no excess; some have €500, or more. Basically, the higher the excess, the lower your insurance premium will be.
Reduce Your Level of Cover: Legally, you must have at least third-party insurance (to cover damage you cause to others), although most people with (sensibly) add fire and theft protection to this kind of policy. If you have 'comprehensive' insurance (where damage to your own car is also covered), be aware that, even though this costs (much) more than third-party cover, if you have an accident, the insurer will only pay out for what THEY think the car is worth at the time.
So, if your car is very old, or has a very low value, comprehensive cover might not be worth the extra cost.
Get A "Full" Irish Driving Licence: If you have a provisional licence/learner's permit, apply for your driving test as soon as possible. If you have a foreign driving licence, apply to swop it for an Irish licence. (Most insurance companies will offer a better price when you have an Irish licence.) However, you can't swop a licence from every country. At the moment, you can only change-over one from another E.U. or E.E.A. member state (including the British overseas territories and Crown dependencies of Gibraltar, Jersey, and the Isle of Man), Switzerland, any of the Australian states, Japan, South Korea, and South Africa.
Don't park on the street: Some geographical areas will have a history of higher insurance claims and, as such, attract higher insurance premiums. For example, if you live in Dublin, you can expect to pay significantly more for your car insurance than if you lived in other parts of Ireland. You can off-set this increase to some extent by parking your car in a garage or in a secure off-street location (and informing your insurance company of that fact).
Be wary of 'named drivers': The cost of naming another driver on your insurance policy will depend on their age, sex, driving history, and a number of other factors. If it's a low-risk driver, such as an older woman, it's unlikely your premium will increase by much. In fact, it might not increase at all! However, if it's a male driver, particularly a younger male, you should expect to pay significantly more. (Don't forget: if a named driver causes an accident in your car, YOUR insurance record may be affected, even though you may not have even been in the car at the time!)
Protect Your No-Claims Discount: Building up a no-claims discount is incredibly valuable. If you haven't made a claim, or had a claim made against you, your no-claims discount could grow to as much as 71%! Protect it! For what is (usually) a very reasonable amount, most insurance companies will apply 'no-claims protection' to your policy, whereby you'll be able to make a certain number of claims within a certain time period and still keep your discount!
Also, if you change insurer, make sure they will carry-over your no-claims discount from your previous company.
Get Lots (& Lots!) of Quotes: You can save a small fortune by getting as many quotes as possible from as many Irish insurance companies and brokers as possible. In some cases, the difference can be in excess of €1,000! Ideally, you should do this every year, as increased competition can and does affect quotations all the time (meaning that, even if you've already got a good deal, you could still get an even better deal next time!). Also, some insurance companies increase their price dramatically after sucking you in with a good deal in you first year or two with them.
The Final Word: The last tip might seem off-putting because of the time and effort that would be required to call all the various companies and brokers out there. However, the good news is that the cheapest car insurance quotes in Ireland can now be found online. Go to http://www.cheapestcarinsuranceireland.com