Oireachtas Joint and Select Committees
Thursday, 16 February 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Report on Cost of Motor Insurance: Minister of State at the Department of Finance
9:30 am
Pearse Doherty (Donegal, Sinn Fein)
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I am quite taken aback by the 20% figure. An increase of a fifth per year would be far beyond what is reasonable with reference to the consumer price index. Insurance for a 21 year old now is €3,000. There could be a €600 increase here without the insurance company having to justify it.