RTE.ie: Could Covid-19 drive car insurance premiums lower?


Jonathan Hehir, Managing Director of insuremycar.ie said the current reduced claims environment offered insurers the opportunity to get competitive with prices.

“Overall claim costs for 2020 will almost certainly be lower as a result of the lockdown,” he said.

“This gives insurers some incentive to lower their premiums and compete for business based on price. This is good news for motorists of course and it could be just the start of falls to come, in terms of premiums.”