Car insurance premiums set for substantial increase this year – TheLiberal.ie – Our News, Your Views

Car insurance premiums set for substantial increase this year




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Motorists across the country are in line for a shock, as vehicle insurance premiums are reportedly set to increase anywhere between 8-15% this year.

The expected hikes come on top of a 12% increase in prices last year.

The  higher insurance premiums are offsetting the fall in petrol prices.

On average, a 12pc increase in the price of a policy will cost a family paying €800 for two cars nearly €100  extra on their annual premium.

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