Insurance Industry
Dail Éireann — 2026-05-26
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Pearse Doherty (SF), Donegal

The cost of car insurance is going up and up. This is the fourth consecutive year of price rises and every motorist knows it. Irish people already pay almost double what the European motorist pays for car insurance. When one adds soaring fuel costs, too many people are being pushed to the brink in trying to keep a car on the road. We know from the Central Bank that the cost of car insurance is going up while costs for insurance companies are going down. The simple fact is that companies are pocketing the difference with the tacit support of Government. The answer of the Government is a voluntary code designed by the insurance industry. It is difficult to overstate how weak an approach this is. How is the public supposed to have any faith this will work when it is optional and completely toothless? We need a Government that is standing up to insurance companies and ensuring that the benefits of the reforms that have been passed in this House over the past number of years are not going into the pockets of the companies but, rather, are passed on to consumers in the form of reduced premiums.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-05-26/debate/main
Retrieved: 2026-09-14T01:01:04+00:00
Sitting date: 2026-05-26