Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Absolutely. We will have an outstanding level of transparency about these issues. The first thing that I should say every time I talk about insurance, especially about home and motor insurance, is that we know about the loyalty penalty for the motor insurance industry. Many people who have a policy for more than ten years are paying 10% or 15% more than they should be. We will make arrangements to ensure that that is dealt with. The same happens with home insurance but the penalty for people who stay with the same insurance company, sometimes for decades, can be over 30%, and we want to deal with that issue too. My main message regarding insurance is to shop around. When people get a bill, they should make a phone call or go online. My experience from listening to all the people I speak with is that they regularly get a reduction in the cost of their premium when they make an effort. It is a bit like going into a shop, complaining about the price of a product, and going to the shop next door to see if it is offering the same product at a lower price. I have a number of upcoming priorities. The speaking time does not permit me to provide the information so I will forward it to the Deputy.

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