Oireachtas Joint and Select Committees

Thursday, 1 June 2017

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

Motor Insurance Costs: Minister of State at the Department of Finance

10:00 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
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I get this kind of query myself. I have become something of a focal point for people to give out about their insurance premiums. If I am at a wedding or some function, people come up and give me hassle about their car insurance; it is a great time. I understand that it is difficult to explain what is actually being done because we always said this was a complex problem that required a number of things to be done across a range of fronts over a period of time to actually solve it. Stabilisation is a positive development and we hope it continues but we must be vigorous to complete the reforms. We can say to people that we are in the middle of doing work that will result in fair premiums for those customers. It is not going to be overnight and we must be clear about this with our constituents. This work is being done-----