Revolut Car Insurance

Beginning in Spring, Irish customers will now be offered car insurance, with the waitlist being rolled out today before the official launch.

According to the fintech app, Revolut is the first in the market to provide an app-based car insurance journey, with customers able to receive an initial quote in less than five minutes. The provider has vowed to offer premiums "30% cheaper than the next best provider in the market," based on 33 consumer profiles across five of Ireland's leading insurance companies. Revolut has vowed to make car insurance "competitive and flexible" as the global fintech app expands further into the Irish market.

By installing an optional Smart Driving device in their cars, Revolut customers will be able to get personalised rates for car insurance.

[Revolut has launched Irish IBANs](https://www.siliconrepublic.com/business/revolut-irish-ibans) for customers after officially becoming a bank in Ireland last year. Revolut credit cards will come with an initial interest-free period and be available to all eligible users with “an immediate approval process”. Revolut claims that it can offer its flexible service at premiums up to 30pc cheaper than the next best provider in the market.

The lucky winner will be announced after a draw and receive the money directly into their account.

"With both annual and monthly payment options available, Revolut Car Insurance will offer customers flexible payment options with no hidden fees such as interest rates on monthly payments, widespread in Ireland today. Additionally, Revolut users that sign up to the waitlist by April 13 this year and buy a policy from Revolut by 30th May 2024 will get a chance to win €2,500. The quick and easy onboarding journey is fully digital with less than five minutes to get a quote for those eligible - several times faster than the market standard. Customers opting in for Smart Driving will have tailored prices based on their driving behaviour and will be able to get "better rates every year". Revolut will perform a draw on June 15, 2024, crediting the money into the winner’s account by June 30, 2024 and letting them know through their registered Revolut email. As a truly flexible service, customers can cancel at any time without incurring any extra costs."

Disruption. It basically means someone comes in and turns the market on its head. Finance is a great area for disruption. Think of savings accounts. An Irish ...

From today, existing customers can join the waitlist for Revolut Car Insurance in the Revolut App. Revolut will carry out the draw in June, deposting the prize directly into the winners account, obviously! The real winner here is that you won’t be punished with interest rates if you opt for monthly payments as is often the standard with traditional Irish insurance providers. Along with value, Revolut’s app promises to be another highlight for prospective car insurance customers. Known as a neo-bank, Revolut has been a genuine thorn in the side of traditional Irish banks with two million customers signed up in Ireland. From the convenience of splitting bills to savings on holiday bookings, Revolut offers a digital experience no traditional Irish bank can match.

Revolut is introducing car insurance for Irish customers.A spokesperson for the company has said it will be a 'hassle-free user experience'.

The company says it'll over discounts of up to 25% if customers enable a "smart driving feature." Revolut says customers who use the "smart driving" feature will be able to get better rates each year.