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Dáil Éireann díospóireacht -
Thursday, 16 May 1991

Vol. 408 No. 6

Written Answers. - Car Insurance Premia.

Peter Barry

Ceist:

57 Mr. Barry asked the Minister for Industry and Commerce the percentage increases in car insurance in each year from 1985 to 1990, inclusive.

On the basis of data obtained by my Department from the insurance industry and the Department of the Environment, the average price of motor insurance in real terms, i.e. earned premium income as shown in the annual returns by motor insurers, adjusted to 1989 prices using the consumer price index, divided by the number of vehicles registered for road tax, showed the following year on year trends: 1985, increase — 8.1 per cent; 1986, increase — 11.5 per cent; 1987, decrease — 0.3 per cent; 1988, decrease — 1.3 per cent; 1989, decrease — 5.0 per cent.

Increases in basic book rates notified to my Department in the latter half of 1989 are not fully reflected in the 1989 earned premium income. As all motor insurers have not yet submitted annual returns for 1990 it is not possible to calculate the 1990 earned premium income and consequently a comparable figure for 1990 is not available. However, as I informed the House on 26 February 1991, Official Report, column 1470 — the average of the increases in basic book rates notified to my Department in 1990 was 30 per cent.

Barr
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