Hibernian Insurance, part of Aviva, will become the first insurance company to reward safe drivers when it introduces a 10% reduction to motorists with no penalty points in November.
Hibernian will also load the policies with six or more points.
Transport Minister Seamus Brennan has promised that all files will be available to Hibernian, even those of drivers with no points.
Hibernian is waiting until November to ensure that the computer systems are compatible and the information is available.
'We believe it is now time for insurers to reinforce the initial success of penalty points', Hibernian managing director Gary Owens said.
'We have witnessed a reduction in road fatalities since last November and we now have to continue to drive this momentum in order to really change and improve peoples' behaviour and attitude on our roads,' he added.
