Imported Cars and Car Insurance

Imported Cars and Car Insurance in Ireland

Importing a car to Ireland can be an attractive option for many drivers, especially if they're looking for a specific make or model that's not readily available or more affordable abroad. However, understanding the rules and regulations around imported cars and their insurance can be complex. This guide will help you navigate the process and make informed decisions about your car insurance needs.

Importing a Car to Ireland: Key Considerations

Before delving into car insurance for imported vehicles, it's essential to understand the importing process and the responsibilities that come with it. Some key considerations include:

• Vehicle Registration Tax (VRT): When importing a car to Ireland, you'll need to pay VRT, which is based on the car's market value, age, and CO2 emissions.
• Registration: After paying the VRT, you must register the vehicle with the National Vehicle and Driver File (NVDF) and obtain Irish registration plates.
• NCT (National Car Test): Imported cars may require an NCT if they are over four years old. The NCT ensures the vehicle meets Irish road safety and environmental standards.

Insurance for Imported Cars: Types and Factors Affecting Cost

Car insurance for imported vehicles typically falls into one of two categories:

• Grey imports: Vehicles imported from countries outside the EU, often from Japan or the United States. These cars may have specifications not commonly found in Ireland and can be more expensive to insure.
• Parallel imports: Vehicles imported from other EU countries, usually the UK. These cars generally have similar specifications to Irish vehicles and may be cheaper to insure.

Several factors can affect the cost of insurance for imported cars:

• Make and model: High-performance or luxury cars may be more expensive to insure due to their increased risk of theft or accident.
• Age: Older imported vehicles may have higher insurance premiums due to the difficulty in finding replacement parts and their increased risk of mechanical failure.
• Modifications: Modified imported cars can be more costly to insure, as modifications can increase the risk of accidents or make the vehicle more attractive to thieves.
• Availability of parts: Imported cars with hard-to-find or expensive parts may have higher insurance premiums.

Tips for Saving on Imported Car Insurance

While imported car insurance can be more expensive than insurance for Irish vehicles, there are ways to save on your premiums:

• Shop around: Compare quotes from multiple insurance providers to find the best deal. Some insurers specialise in imported car insurance and may offer more competitive rates.
• Secure your vehicle: Installing security features like an immobiliser, alarm, or tracking device can reduce the risk of theft and lower your insurance premium.
• Choose the right level of cover: Consider whether comprehensive, third-party, or third-party fire and theft insurance is the most appropriate for your imported car. Comprehensive coverage may be more expensive but provides the most protection.
• Build your no-claims bonus: Maintain a clean driving record and build your no-claims bonus to lower your insurance premium over time.
• Join a car club: Some insurers offer discounts to members of car clubs, particularly if the club is focused on imported or specialist vehicles.
• Voluntary excess: Opting for a higher voluntary excess can result in lower insurance premiums, but ensure the excess is affordable in case you need to make a claim.
• Annual mileage: Limit your annual mileage, as lower mileage typically results in lower insurance premiums.

Popular Car Insurance Providers in Ireland

When searching for imported car insurance, consider these popular providers:

• AXA: One of Ireland's largest insurance providers, AXA offers car insurance policies tailored to imported vehicles.
• Allianz: Allianz is a global insurer offering a range of car insurance options, including coverage for imported cars.
• Zurich: Zurich is an international insurer with experience in providing car insurance for imported vehicles.
• Liberty Insurance: As a leading Irish insurer, Liberty Insurance provides comprehensive and third-party insurance for imported cars.

Official Irish Websites for Further Help

For more information on imported cars and car insurance in Ireland, consult these official websites:

• Revenue.ie: Provides information on Vehicle Registration Tax (VRT), import duties, and the process of registering an imported vehicle.
• National Car Test (NCT): Offers guidance on the NCT requirements for imported cars and how to book a test.
• Citizens Information: Offers an overview of importing a vehicle to Ireland, including the legal requirements and costs involved.

In conclusion, understanding the rules and regulations surrounding imported car insurance in Ireland can help you find the best coverage for your vehicle. Shop around, consider the factors affecting insurance costs, and consult official resources to make an informed decision about your car insurance needs.