More than four in ten drivers in Ireland would like to see the option of long-term motor insurance introduced.
A survey of 1,000 people carried out on behalf of Peopl Insurance found more than a quarter of people would opt for this type of insurance if it was available.
Long-term motor insurance is bought for a period of three or more years - rather than annually.
Paul Walsh, CEO of Peopl Insurance, says this type of insurance has many advantages:
"Each year your car insurance doesn't automatically go up, and over the past number of years loyal customers in Ireland have found their car insurance prices creeping up year on year. According to the central bank, if you're a loyal customer and you've been with your car insurance provider for several years, you're probably paying up to €80 euros or more on the average insurance policy than you would if you were simply a new customer".
