Cost comparison shows value of shopping around for insurance

HOUSEHOLDERS looking to insure their homes could cut their costs in half if they avoid giving their custom to the big insurance companies, according to a new cost comparison.

The Financial Regulator got quotes from six different insurers for half a dozen different types of homes with costs ranging from €182 to €838 a year.

But an analysis of the results shows that in two-thirds of cases the highest premiums were charged by Ireland’s biggest insurance houses.