Paul Bradford
Ceist:54 Mr. Bradford asked the Tánaiste and Minister for Enterprise, Trade and Employment the action she is taking to curb the cost of car insurance for young drivers; and if she will make a statement on the matter. [2024/01]
Vol. 529 No. 4
54 Mr. Bradford asked the Tánaiste and Minister for Enterprise, Trade and Employment the action she is taking to curb the cost of car insurance for young drivers; and if she will make a statement on the matter. [2024/01]
The high cost of motor insurance in Ireland is directly attributable to the cost and frequency of claims incurred by insurance companies in settlement of claims following road accidents. This factor is especially relevant to young drivers, whose adverse claims experience contributes to their consideration by motor insurance companies as a high risk category. The National Roads Authority Road Accident Facts report for 1999 showed that 40% of drivers killed or seriously injured on Irish roads were between the ages of 18 and 34.