Central Bank Introducing Strict New Rules For Car Insurance Today
The Central Bank is introducing strict new rules for car insurance from today.
Under the regulations, insurers must tell their customers the premium they paid the previous year, in clear writing, on the same page as their new quote.
They'll also have to give a quote for each policy available, such as comprehensive, third party fire and theft cover, or third party only.
The renewal period is being extended from 15 to 20 days to allow policyholders more time to shop around.
Gráinne McEvoy, Director of Consumer Protection at the Central Bank, says it's about giving customers clear information:
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