Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

I thank the Deputy for raising this important issue. The cost of motor insurance is one of great concern to his constituents and mine.

The Minister of State, Deputy D’Arcy, is leading the Government's action on this and has done much work on it. Motor insurance premiums rose all the way up until the middle of 2016. According to the Central Statistics Office, CSO, they have fallen about 20% since then. I know that is not the case with every individual’s premium but in the round they have fallen 20% since the middle of 2016. We want them to fall further, however. Accordingly, the Minister of State is implementing the recommendations from his action plan with 58 of the 71 completed. That will continue.

I agree more competition would be welcome in the market.

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