Tuesday June 2, 2020

Motor insurers pump up premiums

Comment: Statistics show that the cost of motor insurance is on the rise and that this could be the beginning of an upward-only premium cycle.

21st June, 2015
2
Brian McNelis

The most recent Consumer Price Index data unfortunately reflects what we have been signalling since the beginning of the year – motor rates have gone up significantly and will continue to do so – they may increase a further 25 per cent by year end.

The bottom line is that motor insurance continues to be unprofitable in the Irish market due to prices being pushed to artificially low levels by heightened competition. Much of this was...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 4 weeks ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago