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No Plans For Insurance Companies To Issue Rebates

Laura Donnelly
Laura Donnelly

01:25 2 Feb 2021


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Insurance companies don't plan to issue rebates, despite low traffic volumes.

The number of cars on national roads yesterday between 7am and 10am was fewer than half the figure for the same day last year.

With most people working, studying and socialising from home, car use has gone down significantly

Last year, some motorists received small refunds and vouchers from insurance companies.

CEO of Insurance Ireland Moyagh Murdock says that was in keeping with the “le chéile” attitude of the first lockdown, but says that no additional rebates are planned, as premiums have gone down.

A report by comparison platform HelloSafe estimates that Irish insurance companies saved 287 million last year as the number of claims reduced dramatically.

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