See If You Could Keep More of Your Euros
Getting your Car insurance renewal through the letterbox is rarely a highlight of the month. Recent data from the Central Bank of Ireland shows that average premiums rose to €655 in the first half of last year, a trend that has many of us feeling the pinch. However, there is a small bit of good news for your wallet this year. The Insurance Compensation Fund levy was cut from 2% to 1% on 1 January 2026.
While car insurance costs have been climbing, the way prices are explained is finally getting a bit of a shake-up. The new Motor Insurance Transparency Code, which began its rollout in March 2026, aims to make it easier to understand exactly why your premium costs what it does. It will help reduce confusion and should make it easier to see if you are getting a fair deal. You should expect to see relevant information from your provider toward the end of this year.
Despite the rising car insurance costs, many of us are still sticking with the same provider out of habit. A report from Carzone earlier this year found that while 80% of Irish drivers shop around, only about 36% actually make the jump to a new insurer. Staying loyal could often cost you more, and insurance costs remain one of the concerns for motorists. It could be worth taking the time to see if a better deal is waiting elsewhere.
Have you managed to find a decent deal lately, or are you still seeing those insurance premiums creep up? If you are looking to see if you could switch and save, you may be able to with this Car Insurance Offer.
Image Source: Andrew Angelov /Shutterstock
OBS People Power Holdings Limited, trading as "One Big Switch" is regulated by the Central Bank of Ireland as an Insurance and Mortgage Intermediary.
Zurich Insurance Europe AG is authorised by the Federal Financial Supervisory Authority (BaFin) in Germany and is regulated by the Central Bank of Ireland for conduct of business rules. Zurich Insurance Europe AG is registered in Frankfurt, Germany (133359) with its registered seat at Platz der Einheit 2, 60327, Frankfurt A.M. Registered in Ireland as a branch (910127) with registered branch office at Zurich House, Frascati Road, Blackrock, Co. Dublin, A94X9Y3.
One Big Switch earns a commission paid by the Insurer when a member takes up an offer. Further details can be found in our Commission Summary Document. If you take up the offer and you are not already a member of One Big Switch, you will become a member upon taking up the offer.