Seanad debates

Tuesday, 13 February 2018

Commencement Matters

Motor Insurance Costs

2:30 pm

Photo of Maria ByrneMaria Byrne (Fine Gael) | Oireachtas source

I welcome the Minister of State, Deputy D'Arcy, and thank him for coming to the House today.

I am looking for an update on the report on the cost of motor insurance. Many people, especially the self-employed, have come to my office to tell me about the significant increase in their insurance premiums. I know the Minister of State set up a committee and a working group was drawn together to deal with it. A report published recently showed that some premiums increased by up to 57% between 2011 and 2016. Last year, by shopping around some people had a small decrease in their premium. Insurance premiums are out of control. This is a major issue and I would like the Minister of State to give me an up-to-date report on what is happening.

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