Hibernian Insurance is increasing its penalty points free discount to 17.5 per cent for new and existing qualifying customers from November 1st, 2004.
Mr Dick O'Driscoll, managing director of Hibernian, said the discount reflects progress in insurance reform that has been spearheaded by the Motor Insurance Advisory Board.
The company already offers a 10 per cent discount to points free drivers.
To qualify for the penalty-points free discount, drivers are required to provide their driver number to Hibernian to verify their penalty points status.