Insurance is getting cheaper for drivers as demand for car insurance increases.
However, a new policy from the national insurance agency, which is being introduced to all new drivers, has the potential to be the first to offer a free car insurance policy.
The National Insurance Agency (NIA) has released the NIA Insurance policy on its website.
The policy is available for €1,300 for the first year and €2,100 for each subsequent year.
“If you already have a car insurance or a policy in place, this is a free policy,” the NAA’s spokesperson said.
“This is the first time a policy has been made available for all new and existing drivers in a similar way.”
The first year will provide drivers with a minimum of €1.2 million in premium, and the first two years of the policy will provide them with €2.1 million.
“The NIA’s insurance policy is similar to other insurance schemes on offer from car insurance companies.
However, the NTA said this was the first nationwide insurance policy that offered a free vehicle insurance policy for the general public.”
For many years we have seen the need for a national insurance scheme to help people buy a vehicle, particularly in times of economic and social hardship,” said NIA spokesperson, Catherine Murphy.”
In this case we have used our national insurance network to offer our policy to the general population for free.
“The policy comes at a time of uncertainty for many drivers, with a new EU car insurance scheme set to come into force on January 1st.
The European Insurance Agency will set the new rules and introduce the National Insurance Scheme.
The scheme will be available to all drivers, regardless of age, gender or where they live.