asked the Minister for Industry and Commerce if he is aware of the public concern at the proposed further increase in motor insurance premiums; and if he will hold an enquiry into the matter.
Ceisteanna—Questions. Oral Answers. - Motor Insurance Premiums.
31.
I have been notified by the insurance companies of their proposal to increase motor insurance premiums, and I have asked the companies to furnish me with a detailed statement of the considerations which necessitate an increase in the existing premium rates. I am not in a position to make any further statement in the matter at present.
While the Minister is awaiting that report, will he ensure that the insurance companies will not impose these penal tariffs?
If the Deputy read the announcement of the insurance companies, he would know that there is only one tariff. There is no question of preventing the insurance company in the meantime. That does not arise.
If the normal time spent on an operation of this kind by the Minister's Department is taken, it will be months before anything is done.
The Deputy has not had much experience of my Department, if he thinks that is so. I have had no query.
Is the Minister aware that the proposed increase on Class 1 insurance represents an increase of 30 per cent., and in the Class 3 category, it represents an increase of 45 per cent? Will the Minister give details of how these increases are justified under each class heading?
I have asked the insurance companies for a statement on the matter.
In that connection and bearing in mind the fact that the same companies covering Great Britain and Ireland charge a lesser rate in Great Britain than in Ireland, will the Minister say how the increased charge in respect of Ireland can be justified?
The insurance rates are based on different ratings in Ireland and in Britain. In Ireland, they are based on the cubic capacity of the engine and, in England, they are based on the diameter of the cylinders. Sometimes that operates in favour of the Irish people and sometimes in favour of the British people.
Is it not a fact that if these insurance companies did not squander their money on pretentious and extravagant buildings, we might be able to get car insurance at a more reasonable rate? Further, is it not a fact that if car insurance and other insurance were organised by the State——
That is a separate matter entirely.
——we would be able to get much cheaper insurance?
There can be no proof or acceptance of that suggestion.
Rubbish. The Minister knows that damn well.
(Interruptions.)
The Minister is talking through his hat.
There must be a full moon.