Car Insurance premiums are up yet claims are down
The key to reducing insurance premiums is reform of the Personal Injuries Assessment Board writes Geraldine Herbert There was a 35% drop in car-related claims in 2020 equating to a saving of around €287 million to the car insurance industry. Two national lockdowns since the beginning of March resulted in fewer people on the roads and a lower probability of accidents occurring. The insurance industry has long maintained that high...
How to reduce your car insurance
Car insurance premiums are on the rise but it’s still possible to get a good deal if you follow these tips writes Geraldine Herbert If you’re concerned about rising car insurance premiums, you’re not alone. According to the CSO premiums have fallen by 6% in the past 12 months however a report by the Central bank published at the end of last year revealed that the average motor insurance premium increased by 42% between...
Five things the government could be doing to tackle the cost of motor insurance premiums
Despite two government reports into the cost of motor insurance premiums continue to rise writes Geraldine Herbert According to the CSO motor premiums were 2.6% lower in April compared with a year earlier while CSO figures in May reflected an 8.6% decrease in Motor Premium compared to May 2016. But it seems many motorists are still experiencing an increase when renewing. We recently asked people to get in touch with their current...
Car insurance costs soar by over 35% in less than two years
Comprehensive cover has spiralled in the last 18 months, so what can motorists do, asks Geraldine Herbert Car insurance is on the rise and motorists are likely, on average, to pay €300 more for a comprehensive policy this year than they did in 2014. Fraud, legal fees, lack of enforcement and regulation of the insurance industry are all being blamed for hikes of over 35% in the cost of premiums. At a time when motorists should be...
