car insurance

  • 47 motor insurance claims were made in Mayo last year, relating to uninsured or untraced drivers.

    The number of claims from Co Mayo was up 7% since 2016 last year and by 52% since 2015.

    The Motor Insurers’ Bureau of Ireland received over 2,700 such claims last year.

    The non-profit organisation was set up to compensate victims of accidents caused by uninsured vehicles.

    The MIBI says that, since 2016, it has witnessed a significant step up in the number of claims they received.

    It's also concerned about fraudulent claims - with 1 in 8 thought to be suspicious. 

  • Dara Calleary joined us this morning to talk about the ongoing issue of car insurance premiums which are stretching people to breaking point and causing untold issues for businesses. With the European Union launching an investigation into alleged blocking by Irish insurance companies of cheaper European companies into the Irish market, the Fianna Fail TD told us what he believes the Government need to do to combat the problem. 

    In the midst of the conversation the FF Deputy Leader also revealed that he had received an email from a taxi driver who was charged over €10,000 in insurance for his wheelchair accessible taxi. Incredibly that wasn't even the most expensive insurance premium quote that we learned of during the show - Tommy talked to Irene whose 18 year old son was quoted a staggering €16,785.01 to get insurance on his 2004 Ford Fiesta! Listen back now to both interviews. 

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    People buying car insurance are being given longer to shop around for a better price.

    From today, new Central Bank rules mean the renewal notification period for policyholders is being extended from 15 days to 20.

    Insurers must also clearly display the premium the customer paid last year, on the same page as their proposed new quote.

    They will have to give a price for each policy available, including comprehensive, third party fire and theft cover, or third party only.

    Gráinne McEvoy, Director of Consumer Protection at the Central Bank, says this is the latest in a series of reforms of the sector.

     

     

  • Despite much debate, little has been done by Government to alleviate the increasing cost of insurance for businesses and motorists.

    That's according to Mayo Fianna Fail TD Lisa Chambers, who will host a public meeting next Monday night in the Ivy Tower Hotel, Castlebar at 8pm to address the rising insurance costs.

    She claims local businesses have seen insurance premia rise by thousands of euro over the past number of years, while motorists are being priced off the road.

  • The government minister in charge of overseeing insurance industry reform says there are 'geographical clusters' where a culture of claiming compensation is more prevalent than others.

    Junior Minister Michael D'Arcy says he only has 'anecdotal' evidence suggesting certain parts are worse but it remains a national problem.

    Speaking to the Sunday Independent, he says even 'honest people' are exaggerating claims and that a key area of his reforms will centre around tackling those at the lower-levels.

    The average whiplash injury payout in Ireland is 15 thousand euro - 3 times more than in the UK.

     

  • Supermacs founder Pat McDonagh is a guest speaker at a forum on insurance costs, which takes place in the Abbey Hotel in Roscommon next Monday evening 4th November.

    The insurance forum is being organised by Roscommon-Galway Fianna Fail TD Eugene Murphy who says the Government must take action to tackle insurance costs - particularly for businesses.

    Deputy Murphy says many smaller businesses are seeing massive increases in their insurance premia, for motor, public liability and employer liability cover, and he claims many will go out of business unless this issue is tackled.

     

    The insurance forum gets underway on Monday evening next in the Abbey Hotel, Roscommon at 8pm.