Insurance premiums rise sharply with further rises likely

Insurance premiums have risen by more than 20 per cent in the last year, with insurers and brokers saying further hikes are likely as claims continue to increase.

19th September, 2009

Insurance premiums have risen by more than 20 per cent in the last year, with insurers and brokers saying further hikes are likely as claims continue to increase.

According to the latest figures from the Central Statistics Office, insurance premiums rose by an average of 19.9 per cent in the year to the end of August. Household insurance premiums are up 26.6 per cent, health insurance has jumped 21per cent and car insurance now costs just...

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