According to this morning’s Irish Times, the cost of car insurance is down by 3% since January 2011.
Drivers who have a full no claims bonus and males enjoyed the largest decrease in car insurance premiums. There are quite a few reasons for this decrease in the cost of insurance – there are fewer deaths on the road, theft of cars has decreased by 10% and the introduction of the new drink-drive limits are believed to be the major contributing factors.
When Sweden reduced its drink driving limits there was an 11% decrease in single-vehicle collisions. Lets hope we have a similar experience here in Ireland.
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