Shop around for car insurance despite new transparency laws, warns broker

Requirement for insurers to include previous premiums on renewal notices may inadvertently lead to poor consumer behaviour

Jonathan Hehir, managing director of City Financial Marketing Group, said a reduction in a premium does not mean the customer is getting the best deal. 

Legislation aimed at creating more transparency around renewing car insurance could be hurting consumers’ pockets instead, an insurance broker has warned.

City Financial Marketing (CFM) Group, the firm behind online insurance brands including Insuremycars.ie and Insuremyvan.ie, said the requirement for insurers to include the previous five years of premiums on motor insurance renewal notices to combat dual pricing may inadvertently be leading to poor consumer behaviour.