Safer roads lower insurance costs by 18%

MOTORISTS are reaping the rewards of dramatically lower insurance premiums as accident and death rates on Irish roads tumble, figures show.

Policy prices have also fallen due to the Government’s Personal Injuries Assessment Board (PIAB) work to cut the costs of handling insurance claims.

In 1997, Ireland’s roads saw 18.7 accidents per 100 insured drivers yet, by 2005, the rate had dropped to 11.7 and has continued to fall.