The average price paid for motor insurance shot up 62 per cent between 2013 and 2018. That’s just one of the findings in the Central Bank's first ever Private Motor Insurance Report.
It shows legal costs for most cases settled in court make up nearly two thirds of the total compensation awarded.
There’s plenty to digest in the report which for the first time gives a clearer picture of the motor insurance industry and claims - on this evenings Hard Shoulder Ivan was joined by Gerry Hassett, Interim CEO of Insurance Ireland, and Peter Boland, Director of the Alliance for Insurance Reform to discuss.
