Many households are turning to lenders to source the finance
Households across Ireland are prepping themselves for the “Back to School” season – and in Carlow alone the 7,800 plus households with children of school-going age will be bracing themselves for financial pinch that this time of year brings.
According to CSO figures from 2016, there were 7,841 households in Carlow with children of school going age – approximately 4,507 of primary school age, and 3,334 of secondary.
At an average cost of €999 per primary school child, and €1,379 per secondary school child, many households are turning to lenders to source the finance to fund this expensive annual outlay.
However, the insurance experts behind the Insuremyhouse.ie, Insuremycars.ie, and Insuremyholiday.ie brands are calling on people to look into three of the largest expenditures that almost all households will have, in an effort to save anywhere from €100 to €1000+ on their insurance premiums – money which, they say, could ease the burden of these school costs.
Jonathan Hehir MD of the “Insuremy” brands explained how 90% of households should see savings in premiums if they are pro-active in shopping around and how the steps people need to take are relatively straight forward.
He said: "Home, car and travel insurance – three expenses almost all families in Ireland have on an annual basis. But how much each household pays for these differs vastly – not just by hundreds – but often by thousands of Euro each year!
"There is a lot of competition across all markets – which means there is great value out there, but with products like motor insurance the differential between what is offered by one insurer and another can be huge."
"This time of year, families are under real financial pressure and reports reveal that many have to borrow the money they need to get their children off to school in September.
"We are trying to highlight to these parents that there could well be a pretty simple away to alleviate this burden somewhat."