'I spent a week doing research'
Chloe Mulligan has just started working life in Dublin and says that her main outgoing is on car insurance for her 2001 Peugeot 206, which costs her a hefty €1,950 a year.
She explains that it's not always easy to find the best deal out there.
"There's definitely a need to shop around - I looked at three or four different places," she says.
Originally from Castlerea in Co Roscommon, the 24-year-old settled for a deal with Axa when she was still in third-level education in Sligo, making the switch from Campion last year.
"I've just changed to Axa - Axa gave me a better deal," she explains. "Initially they were cheaper, and because I was still a student when I changed over they had a 10pc discount."
She says the simple fact of the matter was that Campion's premiums went up and she needed to find something that would see her get better value for her money in the long run.
With the help of her parents, she spent a week researching and ringing up different insurance companies and comparing the varying offers.
"Between myself and my parents, we looked at three or four different places and just compared. Overall, it took me about a week," she says.
Owning an older model of a car was something Chloe noticed went against anyone looking for an affordable premium.
"It 100pc had an impact," she says. "It's very obvious they are trying to get rid of old cars, because the older the car, the higher the insurance."