About the insurance crisis in Ireland?
Do you know about the insurance crisis in Ireland Car Insurance is compulsory in Ireland and in the last decade insurance did not cost much. Some years back a car owner could buy fully comprehensive insurance at a very low rate. But from 2015 the cost of insurance has steadily increased from the cheapest to one of the costliest in the world. The Insurance cost will dramatically increase the cost of a vehicle as the owner has to pay the insurance premium yearly. Every year it adds to the cost, though it is considered as a safety net for the owner in case of an accident and the damages incurred to the vehicle and the passengers. When the Insurance premium is nominal compared to the vehicle cost as in many countries, it does not affect the cost of the vehicle and adds up to the price of the car. But when the Insurance premium is very high as in Ireland it becomes a burden to the vehicle owner. When the driver, himself is the owner of a car, the Insurance premium will be a burden t...