Dáil debates

Thursday, 29 September 2016

Other Questions

Motor Insurance Regulation

2:25 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

As the Minister of State and everybody is aware, drivers have been absolutely crucified by enormous increases in car insurance premiums. Overall, they have increased 20% in the last year and are expected to go up another 25% next year. In some categories, it is off the Richter scale. One of the groups that asked me to give a shout out for it is taxi drivers. Huge numbers of taxi drivers simply will not be able to continue doing their job. Then there are young people, people with older cars - one can go through the list. Is it not time to consider a public not-for-profit State insurance company rather than relying upon a failed private insurance industry?

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