Motor insurance premiums have shot up massively in the past three years. Annual increases of close to 40 per cent have been recorded in the official figures.
Insurers have reacted to the collapse of Quinn Insurance, Setanta, Enterprise and the precarious funding position of RSA and FBD by heaping price pressure onto the nation’s two million-plus drivers. Average premiums are now close to €900, according to market research company Consumer Intelligence. And Dublin motorists are paying...
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