Photo by Payments app Revolut is entering the Irish car insurance market.
It's introducing cover for an initial 3,000 customers, claiming rates will be up to 30 per cent cheaper than other providers.
People who have a subscription to one of Revolut's paid plans, and those who sign up to Smart Driving, can get further reductions.
Revolut insurance, with AIG, is expected to be rolled out to all of the app’s two million Irish customers over the coming months.
Our Business Editor Joe Lynam says Revolut wants to target younger drivers:
"They're going to try the market. They're going to act as a kind of broker basically and then they might roll it out based on what kind of profit they think they can make."
"There's also talk about Revolut selling mortgages in Ireland, which could be interesting."
"The Chief Executive Nick Storonsky pledged to offer loans and said the current process was somewhat antiquated."
