Oireachtas Joint and Select Committees
Thursday, 8 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Insurance (Amendment) Bill 2017: Discussion (Resumed)
9:30 am
Gerry Horkan (Fianna Fail)
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My car is getting older, as am I, and I am doing fewer miles on the road, yet my insurance premium has increased by 17% or 18%. I share the frustration that has been expressed. While I acknowledge that increases in premiums are connected with claims, it is highly frustrating for someone who does not have penalty points and has an ageing car that is losing value to see his or her motor insurance premium increase rather than decline. I expected my premium to decline, especially as my car has lost value and I am getting older.