Oireachtas Joint and Select Committees
Tuesday, 29 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion
4:00 pm
Michael D'Arcy (Wexford, Fine Gael)
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People have to shop around. I have spoken to just about everybody and every sector regarding insurance, including motor insurance. The story I use best concerns a man who rang on behalf of his son. He was 31 years of age and using an eight year old car. His insurance went up by €150. I told him to shop around so he went to his broker who told him that this was the best the broker could do. He subsequently went to another broker who went to a number of companies and got the same price in the first case without the €150 increase but he got that from the same insurance company the customer was already with.