Competition creates lower insurance

According to Leo O'Callaghan of independent broker network Bestquote.ie, the motor-insurance market in Ireland has “bottomed out".

“It is a trying time to roll out a new insurance product,” he said. “A lot of companies are honing in on niches, whether that entails concentrating on ‘lady policies' or ‘older drivers', etc. After that, most insurance companies will continue to go after the mature driver - i.e. over 30, family man, with a mortgage, ...