Consumers can save up to €300 on car insurance by shopping around

According to research from the Central Bank of Ireland, as of the end of 2025, the average insurance premium cost €655 which was up 4% compared to 2024

The Central Bank research also showed only 9% of consumers switched to a new insurer with one in five renewing their coverage without engaging with their insurer at all. File picture

Consumers could save up to €300 on their annual car insurance premiums if they shopped around for better quotes but only about 9% actually make the switch to new providers, research from the Central Bank of Ireland shows.

According to the latest motor insurance premium data, as of the end of 2025, the average insurance premium cost €655 which was up 4% compared to 2024.