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Motor Insurance premiums up 35% in last decade

"Compo Culture" is often blamed for growing motor insurance premiums in Ireland. But, the Central...

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18.47 3 Nov 2020


Motor Insurance premiums up 35% in last decade


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18.47 3 Nov 2020


"Compo Culture" is often blamed for growing motor insurance premiums in Ireland. But, the Central Bank's latest report shows significant reduction in the number of claims by motorists over the past decade. So, what is causing rising premiums? Chief executive of Insurance Ireland, Moyagh Murdock, joined us to explain.


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