Car Insurance Companies Face Tough Times in Ireland

Poor Ireland has gone from being the European Tiger where thousands of luxury autos were sold in 2007, to the country where car insurance companies aren’t even sure they can operate profitably.  In 2009, Porsche sales in Ireland just barely hit the double digits, with 10 cars sold in the country compared to 135 only two years earlier.  It was even worse for Range Rover.  The luxury British estate wagon sold to the tune of just under 1,000 units in Ireland in 2007, but sales plummeted to only 25 vehicles in 2009.  To a certain extent, the car insurance industry’s fortunes are tied to car sales.  While people still drive their cars during tough economic times, cheap car insurance Ireland residents now demand isn’t necessarily the most profitable product to sell.

During the boom times, when Irish drivers were snapping up 3,500 convertibles a year, car insurance companies were aggressively expanding into the Irish market.  After all, when people are clamouring for new cars -and expensive new cars at that- there’s money to be made in selling them premium insurance policies.  Other companies tried a different tactic, promoting cheap car insurance Ireland drivers must have thought was too good to be true.  Quoteme.ie, an Irish company founded by Dundalk-based O’Callaghan Insurances, pursued a different strategy for selling car insurance and other insurance products.

With an extensive history of doing business in Ireland, Quoteme.ie had built up a significant volume of customers.  This allowed the company to offer significant savings to customers and the quotation engine on the www.quoteme.ie web site provides quotes from 19 major insurers.  It’s difficult to find car insurance at better rates, but when combined with Quoteme.ie’s commitment to customers and to remaining a successful, Ireland-based operation, this company represents the best source for cheap car insurance Ireland drivers have access to.

While Ireland’s economy will no doubt recover, many of the insurance companies and web sites that jumped into the Irish market during its peak may be gone.  At the very least, they will have further reduced their presence.  While price is an important consideration when it comes to car insurance, having the local staff available to assist you is also key to having a good experience.  Quoteme.ie’s Dundalk call centre, staffed by over 50 trained insurance specialists, ensures that this company’s clients will continue to not only enjoy the best rates, but also the best service.

About the Author:

Webb Rider is a financial market analyst who works out of his home office in the Cork suburb of Blackpool.  He drives into his company’s head office in Dublin fortnightly, and with the fog that commonly forms in the area, car insurance coverage he can count on is especially important to Webb.  As noted in several of his recent studies that take variables like recent extreme weather events and economic performance into account, many insurance companies are retreating from the Irish marketplace.  In fact, the cheap car insurance Ireland had begun to take for granted is becoming increasingly difficult to find.