Insurance Industry
Dail Éireann — 2021-09-21
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Pearse Doherty (SF), Donegal

Deputy Moynihan is absolutely right. We need the legislation to look at whether they are passing on the full amount of reductions. We all want the same thing here - we want money in people's pockets - but the Government needs to bring forward that legislation. Even with the changes Liberty Insurance has brought in, it is next to impossible now to compare the new quotes because it has changed its whole structure in terms of how it is issuing quotes. I renewed my insurance with Liberty Insurance just last week. The base price for a new customer, and I went in as a new customer because I am not going to get sucker-punched by them, was €300 less than a renewal quote. That is what is happening in insurance. Deputy Moynihan is 100% right. The Government needs to take out the stick. We have waited long enough. The proper reductions are not happening as a result of legislation this House has passed.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2021-09-21/debate/main
Retrieved: 2026-08-14T04:49:35+00:00
Sitting date: 2021-09-21