Revolut promises to 'revolutionise' Irish car insurance market with cheaper policies

Revolut say they will revolutionise Irish car insurance when they enter the market, saying that customers can save up to 30% on insurance policies. 

A blog on the online bank's Irish website states: "We’re launching this Spring, and from 22 March 2023, customers in Ireland will be able to join the waitlist".

Revolut says customers that sign up to the waitlist by 13 April 2023 and buy a policy will get a chance to win €2,500.

They say they will be the first to provide an app-based car insurance journey in Ireland.

"We’re revolutionising the insurance market, making insurance easy and more convenient for you," their blog outlines. 

Forms will no longer be required, according to Revolut.

"It’s all smoothly layed out in-app, you’ve never seen a car insurance so easy to get," they state. 

Revolut says customers will save up to 30% on car insurance. Customers, they claim, will be able to choose between Third-party, Fire and Theft, or Comprehensive cover, with no hidden fees.

"Pay only for what you need with flexible coverage and excess options. Plus, you can choose between annual or monthly payments," Revolut state.

Customers will be able to get a quote in-app in less than five minutes, they promise. 

Revolut also says that safe drivers will be rewarded. "With our Smart Driving option, safe drivers can save up to 25% more while buying car insurance, and even more during their renewal," they said. 

Revolut customers can sign up to the waitlist in-app by 13 April 2023, by using a link on their phone.