A NEW INDEX published by a insurance company has underlined the different prices that drivers in different parts of Ireland will pay for insurance – and revealed that Waterford’s motorists can expect the lowest premiums.
The data from AonInsure.ie shows that taking hypothetical examples of 12 different motorists, of varying gender, age, car and experience, 11 of the drivers would be in line for cheaper cover than those based in other counties.
A 35-year-old male seeking fully comprehensive cover for a Toyota Avensis, including spouse insurance, would only expect to pay €318 a year in Waterford – while someone living at the other end of the M24, in Limerick, would expect to pay €919.
The data also appears to undermine the assumption that those living in Dublin can expect to pay more for their cover, due to the apparent risk of theft or other damage to the car – as for many categories the neighbouring county of Meath, as well as Tipperary, saw higher quotes.
AonInsure.ie chief executive Declan Cahill said the EU gender directive – which is set to kick in in December of this year – was already having an impact on prices.
“We do not expect that providers are going to wait until just before the Directive comes into law to make changes to pricing, instead we expect them to gradually make changes,” he said.
“In fact we are already beginning to see some providers in the market closing the gap between males and females by slowly increasing female costs and bringing down male costs.”