Companies that sign up would also have to give a breakdown on premium calculations, charges and discounts.

A further 51,024 charges and summons have been issued to those who were apprehended for driving without insurance in that period, with 25,009 of those charges and summons occurring in 2025.

The latest review from the Central Bank has blamed inflation and soaring repair costs for the increases.

Uninsured vehicles represented 4.2% of the overall private fleet across the Republic in 2024, an almost 50% drop on 2022 figures

Injury claims in 2022 were up 16 per cent on the previous year, while damage claims rose 20 per cent