Introduction

You must have motor insurance to drive your vehicle on irish roads .
Motor indemnity is meant to protect you against liability in the consequence of an accident. It will cover the costs of the other driver’s property and injuries if you are found at fault for an accident. If you are involved in an accident and found not to be at defect, the indemnity of the responsible party will cover your costs .
When you buy a motor indemnity policy from an insurance company, you will get an indemnity disk and a security of policy. You must clearly display a stream indemnity magnetic disk on your vehicle at all times when driving. You must produce a current certificate of policy when paying for your centrifugal tax .

New insurance regulations

From 1 July 2022, new rules for car indemnity will ban bounty increases for staying longer with the lapp supplier. indemnity providers will besides be required to provide sealed information in the lawsuit of automatic renewals. New customer discounts will not be affected.

Reading: Motor insurance

This page aims to provide virtual guidance and advice on how motor policy works in Ireland .
It includes information on :

  • Types of insurance cover
  • Cost of insurance cover
  • How to shop for insurance
  • Motor insurance and driving abroad

You can get guidance on what you must do if you are involved in a road dealings collision on An Garda Síochána ’ s web site. The Government of Ireland has data on how to make an policy claim if you are involved in a road traffic accident .

Types of insurance cover

There are 3 types of motor indemnity available in Ireland :

  • Third party
  • Third party fire and theft
  • Comprehensive insurance

Which you choose will depend on the degree of cover you need and how much you are will to pay .

Third party

Third party policy is the minimal level of motive indemnity needed in Ireland and throughout the European Union ( EU ) for all vehicles .
If you are involved in an accident and are at blame, third base party policy will alone compensate the other parties involved. This could be for damage to their vehicle or any injuries that they sustain ( including your passengers ). You will not get any compensation for damage to your vehicle or injury to your person .
Third party indemnity provides no cover for loss or damage to your vehicle due to fire or larceny .

Third party fire and theft

Third party fuel and larceny is the most popular character of motor policy in Ireland. It provides the same level of cover as third base party but with total breed if your fomite is stolen or damaged by fire. If you are at fault for an accident, one-third party, ardor and larceny will not cover you for damages to your vehicle or any injuries that you sustain .

Comprehensive

comprehensive indemnity is, in most cases, the most expensive coverage on the market. It provides the same cover as third base party fire and larceny ; however, it besides allows you to claim for accidental damage to your own vehicle, no count who is to blame in the lawsuit of a collision .
Although comprehensive insurance broadly provides you with the most brood in the event of an accident, such policies typically only cover the cost of damage to the vehicle and do not compensate drivers for injuries to their person .

Driving without insurance

failure to have motive indemnity or driving without insurance in Ireland is generally punishable by :

  • A fine of up to €5,000
  • 5 penalty points; and
  • At the discretion of the court, a term of imprisonment not exceeding 6
    months.

The court may decide that you will be disqualified from driving rather of incurring punishment points. In that lawsuit, you will be disqualified for 2 years or more for a beginning offense and 4 years or more in the lawsuit of a second discourtesy committed within 3 years of the beginning .
You should note that where a extremity of An Garda Síochána believes that a fomite registered in Ireland ( or outside Ireland ) is being used in a public space without indemnity, the vehicle may be impounded .

Accidents involving an uninsured driver

In the font of accidents with uninsured or untraced drivers, the Motor Insurers ’ Bureau of Ireland ( MIBI ) is the consistency which compensates the victims .
At the lapp time, any claim for personal injury must be sent to the Personal Injuries Assessment Boar ( PIAB ). This is the statutory torso which provides freelancer assessment of personal injury recompense for victims of workplace, motive and public liability accidents .

Cost of insurance cover

An policy premium is the monthly or annual payment you make to an indemnity company to keep your policy active .
The monetary value of your premium is determined by the level of risk an insurance company considers you to pose as a driver. In some cases, an insurance company may impose an excess cathexis to a standard premium to reflect any extra risk assumed. This is referred to as a ‘ loading ’ .
You must disclose all relevant information to an insurance company when initially buying or renewing your indemnity. differently, the policy you buy may subsequently be deemed nothing and null. If you are uncertain whether certain facts are relevant, you should disclose them to the insurance company and it is then improving to the insurance company to decide .

Factors that determine the cost of your insurance

policy companies will consider the follow factors in calculating the cost of your agio :
Experience. In general, the less experience you have as a driver, the higher your premium is probable to be. Whether you are driving on a full or probationary license makes a huge dispute to the cost of your motor indemnity premium. If you only have a probationary license, you can expect to pay hundreds of euro supernumerary on your premium .
Claims history. All policy companies will ask if you have ever had insurance in your own diagnose before. If not, they will ask if you have always driven under person else ‘s insurance without incident. This will be taken into account when calculating a bounty. Insurance becomes less expensive with experience and a clean driving read .
Where you live. Those living in a major city, particularly Dublin, will normally have a cargo imposed. Some companies will besides impose a load if the vehicle is not kept in a garage or driveway at night .
Size of your vehicle. The larger your vehicle ’ s engine, the more expensive it will be to insure. This owes to the fact that, statistically, the faster and more herculean your vehicle is, the more likely it is to be involved in an accident .
Age of your vehicle. The older your vehicle, the more unmanageable it can be to insure .
Value of your vehicle. The measure of a vehicle is taken into account when calculating a bounty for third base party burn and larceny, and comprehensive examination indemnity. A new vehicle is more expensive to replace than an honest-to-god vehicle and will cost more to insure .
Your age. The young and the old are considered by indemnity companies to represent bad categories of driver and are consequently made to pay higher premiums .
Profession and use. A standard motor indemnity policy will only cover the vehicle for social, domestic and pleasure purposes, but not for the baby buggy of goods. If the vehicle is being used for business purposes, then a loading will apply. If the vehicle is being used commercially, then an even higher load will be imposed .
Level of cover required. In most cases, third party insurance will incur a lower premium than one-third party fire and larceny blanket, while comprehensive indemnity is broadly the most expensive form of cover charge. many insurers besides offer optional supernumerary forms of screen that increase the monetary value of your bounty. These extra forms of cover may include : no claims bonus protection, windshield traverse, damaged or stolen personal items, hand brake and recovery service, and cover for a rental fomite in the event of your own fomite being off the road .
Excess. Most policy policies contain some type of an overindulgence clause. This means that you are liable for an agreed sum towards the monetary value of any claim ( e.g., the first 250 euro ). You will not be able to claim for amounts less than the excess. In most cases, opting to pay a gamey surfeit on claims lowers the cost of your premium .

What is a no-claims bonus and how does it work?

Most insurers offer a premium dismiss for motorists with a claims rid criminal record : this is referred to as a ‘ no claims bonus ’ or a ‘ no claims discount ’. You are typically awarded a percentage discount on your premium on a sliding up scale for each year of claims release driving up to a maximum of 5 years. The ceiling for a no claims bonus is normally about 60 %, leaving person who has never had a claim with lone 40 % to pay .
Your no claims bonus can be transferred from one policy company to another, and from one vehicle to another. however, each no claims bonus is specific to one vehicle at a time ; consequently, if you have two vehicles, you will need to work up a no claims bonus for each vehicle. If you have no indemnity in your own name for 2 or more years, many insurers will not give you your no claims discount rate when you reapply for indemnity cover .

If you are refused motor insurance

person insurers have the justly to refuse you cover, but they must provide you with a reason for the refusal should you ask for one. If you have been refused cover, you are entitled to go to the Declined Cases Committee of Insurance Ireland who will get an insurance quotation for you. In decree for the Committee to consider your case you must beginning have sought and been defy quotations in writing from at least 3 insurers .

How to shop for insurance

Before buying motor insurance, you should shop around and get quotes from a number of different companies to identify the policy that best meets your needs and budget .
The Competition and Consumer Protection Commission ( CPCC ) has a checklist ( pdf ) you can use to compare the policies offered by different insurers, angstrom well as guidance on virtual steps you can take to cut the cost of your premium .
This includes :

  • Paying your insurance in one go
  • Getting your full driving licence
  • Avoiding driving convictions and penalty points
  • Parking your vehicle in a secure location
  • Adding experienced named drivers to your policy
  • Paying a higher excess
  • Avoiding using your personal vehicle for professional purposes

Young Drivers

If you are a unseasoned driver, you should consider joining a parent ‘s policy policy as a named driver. This will enable you to establish a guard record and may reduce the cost of your bounty in the future. Some companies offer discounts to young people seeking indemnity in their own name if they have been a named driver .
however, you must not engage in the practice of ‘ fronting ’ ; that is, where the main driver of a vehicle ( typically a son or daughter ) declares a more know driver as the independent driver ( normally a parent ) to reduce the cost of their policy premium. Fronting is illegal and can result in the cancellation of your motive policy policy or a fraud conviction .

Insurance brokers

You can consult an policy broke ( or ‘ mediator ’ ) when searching for the policy that best meets your needs. Regulated by the Central Bank of Ireland, the function of an policy broke is to provide expert, unprejudiced advice to individuals and businesses seeking to purchase policy. They may besides be employed to negotiate with policy companies on behalf of their clients to get the best possible cover. You can search a database of cross-file indemnity brokers throughout Ireland .

Renewing your motor insurance

In most cases, you will need to renew your indemnity policy every 12 months. This can by and large be done on-line, in person or over the telephone. Be mindful that premiums frequently change at the bespeak of refilling so it pays to shop around and get quotes from different companies before renewing your policy with the same insurance company .
Your drive insurance party must issue your indemnity reclamation notice at least 20 working days before the go steady of death of your insurance policy. Your no claims rebate certificate besides be included with the renewal notification. You will need this certificate if you want to renew your drive insurance with a different policy party .
When your indemnity is due for renewal, your indemnity supplier must give you :

  • Details of the premium paid for motor insurance in the previous year
  • Quotations for all the policy options available to you, such as
    comprehensive, third party fire and theft, and third party only

Motor insurance and driving abroad

Driving in the EU

In general, if you buy a centrifugal insurance policy from an EU-based policy company you will have the minimal compulsory level of insurance required to drive in any EU nation. however, you should constantly tell your insurance party if you plan to take your vehicle overseas and check with them what precisely is covered on your policy .
You can normally take your car for up to 31 days to another EU member express for no extra accusation. Your existing cover can be extended for stays of up to 60 or 90 days duration but you may have to pay an extra fee for this blanket. You can pay for extra forms cover while driving abroad, such as break down aid .
Find out more about your rights and entitlements if you are involved in a road dealings collision with an see or uninsured driver in another EU member country .

Driving outside the EU

If you drive your car in a non-EU country, you should check with your insurance company to find out about what you need to do to make certain that you are covered in the relevant legal power .
In some cases, your insurance company will issue you with a green Card. The Green Card system is a protection mechanism for victims of cross-border road traffic accidents consisting of 47 member countries. The green Card demonstrates to local police enforcement authorities that you have the minimum compulsory grade of policy required to drive legally in a active jurisdiction .
fleeceable Cards are no longer needed for UK registered drive vehicles, including those from Northern Ireland, travelling to the Republic of Ireland or any other EU nation .
The Motor Insurers Bureau of Ireland ( MIBI ) has steering on k Cards .

Further information

Financial Services and Pensions Ombudsman

3rd Floor
Lincoln House
Lincoln Place
Dublin 2
D02 VH29
Ireland
Tel: ( 01 ) 567 7000
Homepage: http://www.fspo.ie/Email: info@fspo.ie The Financial Services and Pensions Ombudsman deals with complaints and disputes between policyholders and their policy companies when the company’s complaints procedure fails to resolve the problem. The Financial Services and Pensions Ombudsman ‘s decisiveness is binding, if you are restless with the decision you may take your case to the eminent Court .

Insurance Ireland

indemnity Information Service
indemnity Centre
5 Harbourmaster Place
IFSC
Dublin 1
DO1 E7E8
Ireland
Tel: ( 01 ) 676 1820
Fax: ( 01 ) 676 1943
Homepage: http://www.insuranceireland.eu/consumer-informationEmail: feedback@insuranceireland.eu The Insurance Information Service ( IIS ) is an information and complaints service operated by the Insurance Ireland, which many policy companies in Ireland belong to. Its aim is to answer policyholders ‘ questions and help them resolve problems. It has no constipate powers and complaints that can not be resolved are by and large referred to the Financial Services and Pensions Ombudsman .

Declined Cases Committee

insurance Ireland
Insurance Centre
5 Harbourmaster Place
IFSC
Dublin 1
DO1 E7E8
Ireland
Tel: ( 01 ) 676 1820
Email: declined@insuranceireland.eu If you have been refused a quotation for centrifugal indemnity, you can email the Declined Cases Committee of Insurance Ireland who will help you obtain a motive insurance quotation .

Motor Insurers Bureau of Ireland (MIBI)

5 Harbourmaster Place
IFSC
Dublin 1
DO1 E7E8
Ireland
Tel: +353 ( 0 ) 1 676 9944
Homepage: http://www.mibi.ie/Email: info@mibi.ie The Motor Insurers Bureau of Ireland exists to compensate genuine victims of uninsured and untraced drive in Ireland. It fulfils a far european function to ensure claims arising from extraneous motoring in Ireland or irish motorists overseas are properly handled and settled.

You can find more information on motor policy on ccpc.ie. You can besides access detailed data on :

  • Your
    rights when you buy a financial product
  • Regulation
    of financial services
  • Complain
    about a financial services firm

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