Consumer Corner: What do you need from car insurance add-ons?

There is usually a limit on the number of claims you can make while maintaining your no-claims bonus. Often, the limit is set to one claim per policy year

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Revolut, the online bank, recently announced that it is going to offer car insurance in the Irish market. Given that car insurance can be a costly affair this surely has to be a welcome move. Competition in any sector can only be a good thing for consumers and generally leads to lower prices.

The Central Bank said that the average price of a car insurance policy in Ireland is €578. However, the good news is that this is €135 less than it was in 2017. The Central Bank also said that motor insurance premiums fell by 5% in the first half of last year compared to 2021.