There is no news concerning car insurance premiums in Ireland at the minute. I think everyone is talking about Paddy’s day and Ireland beating England in the rugby. So instead of talking about car insurance I have decided to post a video of Mike Brown dropping the ball in the last play of the game, something the social media channels has enjoyed due to Mike Browns nature
Nothing being said in the media about car insurance. Everyone’s priorities seem to be elsewhere. Hopefully the news about clamping down on uninsured drivers will offer some relief to the industry.
See RSA website for more safety details
FBD boss Fiona Muldoon has told The Irish Independent that insurance premiums are continuing to rise. If FBD are to continue making a profit they will need to keep rising insurance premiums. As per usual it is the “Irish claims are too high” argument used to justify the case.
Even though the Irish Government last week carried out an audit within the industry and published 71 recommendations for the industry Fiona Muldoon had the cheek to say 71 recommendations was too much and they are not going to pay attention to them. Whats the point in having the public spend money investigating this issue if the people responsible are not going to pay any attention to them (hardly surprising with the shower currently running this country).
For such a hot topic (at least I thought it was) there is no information being circulated around the press about the high price of car insurance. Even though there were protests last week none of the major news companies have reported on the issue so far this week. I will be keeping an eye out so I can keep you informed of any revelations over the price of car insurance in Ireland.
Remember to stay safe on the roads and head over to the Road Safety Authority website if you are looking for any tips on how to stay safer on the road.
The Irish Car Insurance Guru
So is there anything be done to protect the consumer?
There will be no dramatic lowering of car insurance costs as part of the Government’s attempts to address spiraling premiums, Minister of State at the Department of Finance Eoghan Murphy has said.
Doesn’t sound like it!!!
Is there anyone trying to have their voice heard?
Groups including the Anti-Austerity Alliance-People Before Profit have organised a protest outside Leinster House to coincide with the debate.
The demonstration will also feature representatives from student and taxi drivers’ groups, who have campaigned against rising insurance costs.
If it is getting this far surely there will have to be an investigation in the industry, a legitimate one at least.
Any horror Stories?
When someone rings up and quoted €6,000 or told to buy a newer car, that is not a sustainable way for the insurance industry to work.
“We don’t have the money to go around buying newer cars. If our cars are NCT’d and safe enough to be on the road they should be good enough to insure.
They’re taking the piss now
Moves to bring down the soaring cost of car insurance have been announced.
The group, chaired by Junior Finance Minister Eoghan Murphy, has just published its report containing 33 recommendations comprising 71 actions.
The report proposes the establishment of a claims information database while, a personal injuries commission will also be set up to provide further guidance on personal injuries claims.
The government is finally making an effort to do something about soaring car insurance prices. I will be updating this blog weekly to let you know if anything is being done about it.
According to Eamon Scanlon “Fianna Fáil has been highlighting this issue for well over a year but the Government has sat on its hands. Now there are reports that it could be more than 18 months before some of the Working Group’s recommendations would be implemented. This is simply not good enough and the Government must work harder to ensure that consumers are getting a fair deal on their compulsory insurance cover”.
Everyone knows its happening and that its wrong so why cant the government do anything about it?
Insurance premiums have spiraled out of control in Ireland. Over the next 8 weeks I am going to be reporting on all that is happening (or not happening) in the exciting world of car insurance. I personally have experienced a dramatic increase in my insurance premium and cannot figure out how it could have increase so dramatically. I have no penalty points and no claims against my name so surely my premium should be going down.
We would love to hear your stories so we can get a better picture of real life experiences around the country. With enough information together we can try and get some real answers to why it has spiraled out of control.
Irish Car Insurance Guru