Ireland’s Guide To Money And Living

Are you paying too much for your car insurance?



According to research jointly conducted by the Irish Independent and insurance broker, men are still paying more than women for car insurance. That’s not a contravention of EU gender discrimination rules, however, rather a tendency to charge more for those in male-dominated professions.

According to one example profile, a 38-year-old plasterer from Kildare, driving a one-year-old Lexus IS Series 250 (we should be so lucky), would pay €595 per annum for comprehensive car insurance with AIG. However, a 38-year-old teacher or nurse driving the same car with the same requirements would pay €535.

So what’s to be done? If you’d rather not just change professions in order to reduce your insurance bill, there are a few alternative options:

  • Shop around. An oft-repeated piece of advice but you could be missing out on a substantial reduction if you simply renew with your current provider without checking for lower prices elsewhere.
  • Comprehensive vs third party. Do you really need the former? If your car is beyond a certain age or below a certain price, it mightn’t be worth it.
  • Pay upfront. Though it may be more financially manageable, monthly installments are usually more expensive because of interest and admin fees.
  • Work for that full licence and watch your premium come down.
  • Choose your car carefully. A 4.7 V8 petrol Mercedes may be tempting but perhaps a more economical Skoda 2.0L diesel may be the financially-savvy option.
  • Take a driving course. Aviva Insurance, for example, provides a one-hour Ignition course, which could give you a premium discount of 20 – 40%, and a further 10% if you don’t drive between 11pm and 6am.
  • Research. The Internet is an incalculably useful tool filled to the brim with useful (and otherwise) information. Use it to your advantage! The best place to start may be
When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.