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Car insurance increase of 30%

  • 29-06-2015 4:25pm
    #1
    Registered Users, Registered Users 2 Posts: 6,893 ✭✭✭


    Is it true that insurance in increasing by 30% across the board by all insurance companies from Wednesday next ?


Comments

  • Registered Users, Registered Users 2 Posts: 25,476 ✭✭✭✭coylemj


    Recent reports in the financial press says that the Central Bank has told motor insurance companies to increase premiums by 25%. Something to do with more stringent solvency rules which cut in on Jan 1, 2016.


  • Registered Users, Registered Users 2 Posts: 757 ✭✭✭Denisoftus


    Received my renewal today and it increased 26% even it added one more year no claim discount, so it is likely effectively 30% increase :( very disappointed as I expected some discount compare to last year :(


  • Registered Users, Registered Users 2 Posts: 2,734 ✭✭✭Delta2113


    I don't own a car -walk to work (lucky me). Motorists get fleeced in this Country.


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