Loyal home insurance customers pay 32% extra.
A Central Bank study has found companies penalise insurance customers for their loyalty.
On average, long-term car insurance customers are charged 14 per cent more versus those renewing for the first time.
1/2 Today we published our Review of Differential Pricing in the Private Car and Home Insurance Markets https://t.co/mHX5i2cIfq pic.twitter.com/DAFLGOEfHJ
— Central Bank of Ireland (@centralbank_ie) July 21, 2021
While loyal home insurance customers pay 32 per cent extra.
The regulator says it will now ban this type of dual pricing.
Its head of financial conduct is Derville Rowland
2/2 The Review examined the impact on consumers and proposes to end the loyalty penalty for private car and home insurance customers https://t.co/nyrUvbQJam pic.twitter.com/b4oxLr3ohU
— Central Bank of Ireland (@centralbank_ie) July 21, 2021

€1.2m Approved For Zipline And High Ropes Adventure Centre At Donadea
Christmas Appeal To Adopt Dogs As Euthanasia Figures Rise
Speed Enforcement To Increase In Kildare With 21 New Camera Zones To Be Rolled Out In January
Over 400 Motorists Caught Speeding So Far Today, Including A Driver In Kilcock
Transport Minister In Discussions With Irish Rail About Extending Late-Night Trains Beyond Christmas
Tadhg And Mary Should Be Looking Forward To Christmas, Say Gardai As Fresh Appeal Launched
Bus Shelters Treated As Luxury Rather Than Standard, With 500 Kildare Bus Stops In Need Of Upgrades
Recruitment Announcements Don’t Add Up As Garda Numbers Stagnant In Kildare South, Says Local TD