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Compare Mortgage Protection Insurance
Find the best mortgage protection cover for you. It’s quick and easy!
Mortgage protection is compulsory for mortgage holders in Ireland,
but many people are paying more than they have to.
Our mortgage protection comparison service lets you easily compare prices from Ireland’s main insurance providers
and is free, easy-to-use, 100% impartial and accurate.
Whether you’d like a single policy, a joint policy or a policy with serious illness cover,
we’ll search a wide range of policies across multiple insurers and produce a quote for you in just seconds.
So if the thought of having to shop around for the best-value cover is enough to make your head spin, rest easy.
bonkers.ie takes care of the hard work for you.
Comparing mortgage protection policies is easy with bonkers.ie. Just fill in some simple details such as your age, the amount of cover you want, and the term the policy should run for using our online comparison service, and we'll compare polices from Ireland's main providers and produce a quote for you in just seconds. Mortgage protection comparison tool is part of our mortgage centre
If you’re paying mortgage protection insurance you can switch your policy at any time with bonkers.ie. Switching your policy is an easy process as you can replace your existing cover hassle free and you are not tied to any contract.
Mortgage protection premiums have decreased considerably in the last 5 to 10 years, so you could be overpaying on your existing policy. At bonkers.ie we can offer deep discounts so allow us to compare the market on your behalf and start making a saving today.
Mortgage protection is a form of life insurance which pays off the outstanding balance on your mortgage should you die before the mortgage is fully repaid. It is usually compulsory for all mortgage holders in Ireland.
The cost of mortgage protection will depend on several factors such as the size of your mortgage, your age and health status, and whether you want single life or joint life cover. Smokers will also pay more for cover than non smokers. Use our mortgage protection comparison service to find out the price of cover for you.
Mortgage lenders require that you take out mortgage protection or life insurance before they’ll allow you to draw down a mortgage. This is because they want assurance that the loan will be fully paid off in the unlikely event of your death during the term of the mortgage.
Life insurance pays out a lump sum should you die during the term of the policy. This sum remains constant and with indexation can increase each year to help keep up with inflation.
With mortgage protection, the lump sum decreases each year to broadly match the outstanding balance on your mortgage. This means it tends to be cheaper than life insurance.
Generally, mortgage protection is designed to pay off your mortgage if you die, not to provide a cash sum to your dependants. So you’ll usually need separate life insurance to provide a cash lump sum if you have a dependant family.
You can, if you want, use an existing life policy for mortgage protection by assigning it to your mortgage provider, so long as the amount you’re insured for is at least equal to the value of your mortgage and it runs for the same term. Should you die before the life insurance policy ends, the mortgage will be cleared and the balance paid to your dependants.
We’re Ireland’s leading price comparison and switching site. We’re free to use and make comparing prices across suppliers quick and easy!
We save you time by bringing you all the best deals in one place. Every year we help tens of thousands of customers to switch and save money!
We’re 100% impartial and are also accredited by the Commission for Regulation of Utilities (CRU) as an impartial, accurate and independent supplier of energy price comparisons.
