Smokers can save €9,000 on insurance by quitting

Quitting cigarettes could result in savings of as much as €9,000 on life insurance, according to a price comparison survey by the National Consumer Agency.

In its latest life insurance cost comparison survey, the NCA found huge price differences across several policies, with abandoning cigarettes a key plank of securing a lower cost plan.

One eye-catching saving was for term life insurance over a 35-year term, with cover of €290,000, for which a 27-year-old woman could save an average of €5,067 by quitting smoking. The savings for a 27-year-old man quitting were even greater, as much as €8,913.