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Insurance is outrunning inflation: but here are 10 easy ways to save on your payments

Insurance hikes are outpacing the pace of annual inflation – which hit a three-year low of 2.2pc in July – and heaping further pressure on households struggling with the cost of living.

How to combat soaring premiums for car, home, life and travel insurance There are many other simple steps that could help your household save hundreds – or even thousands – on insurance. Stock photo: Getty Insurance hikes are outpacing the pace of annual inflation – which hit a three-year low of 2.2pc in July – and heaping further pressure on households struggling with the cost of living.

The cost of motor protection has jumped 9.1pc in a year, while travel cover has increased by 7.8pc, according to the latest figures from the Central Statistics Office.

And the rate of home insurance inflation is now 7pc. Join the Irish Independent WhatsApp channel Stay up to date with all the latest news.