Oireachtas Joint and Select Committees

Wednesday, 17 September 2025

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

Insurance Matters: Engagement with the Alliance for Insurance Reform

2:00 am

Mr. Brian Hanley:

Motor insurance is a particular problem. We all acknowledge that repair costs etc. are something to watch with inflation and so on but the increases in this sector are running far in excess of inflation now. It is funny that the Deputy mentioned an increase of over 30%. When I was on the radio this morning, the person interviewing me said that 30% was the increase they had experienced this year compared to last year. I got my own quote this week. I have not paid what they are charging since my early 20s. I have had no accidents and I drive a nice, boring car. It is something that needs to be monitored. We can use inflation but unless it is properly monitored and tracked it cannot be used as a Trojan horse for premiums to skyrocket. It has to be looked at.

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