An Irish insurance company is promising discounts of up to 40% for young drivers that commit to not driving on Friday and Saturday evenings, the worst times for crashes involving young people.
The move comes after a report from the Republic’s Financial Regulator found insurers were making huge profits on young drivers.
The report revealed insurance companies are making profits of €1,172 (£954) on average on some young drivers compared with €290 (£236) for other drivers.
XS Direct claims it will knock as much as €1,000 off the cost of insuring young drivers if they keep the terms of a weekend curfew.
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