Oireachtas Joint and Select Committees

Wednesday, 14 September 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Cost of Motor Insurance: Discussion (Resumed)

11:00 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The point is that the actuaries' input last year suggested that this individual, with their input, would be paying a premium of €400. With the actuaries' input this year, the individual, who is just one year older but no less safer on the road, has not bought a high powered beamer and is driving the same type of car, is now being charged €1,200. That is a real case example. It is not an underwriting position. Something has driven it. Something has made that happen because it is completely out of kilter with what is happening within the sector as a whole.

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