Oireachtas Joint and Select Committees

Thursday, 15 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 Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Some group, it may have been the Competition Authority or the Motor Insurance Advisory Board, got documentation earlier and had a chance to consider their stuff. What barriers are there to switching now? I know there is general inertia among people but motor insurance is becoming a more significant purchase for everybody from year to year as a result of these premiums if nothing else. It is a fairly hefty one-off purchase in a year, apart from buying houses and cars. What else can be done to improve that situation instead of having to dig out bits of paper? Surely everybody should be able to know what everybody else has got. I was dealing with a particular intermediary and was going from one insurer to the other within the same intermediary. I had to get the documentation and send it in, although it would have been on the intermediary’s records because I dealt with one agent. Are there other changes in bureaucracy that could help people to switch?

Comments

No comments

Log in or join to post a public comment.