Motor Insurance Coverage

Dáil Éireann Debate, Tuesday - 3 February 2015

Tuesday, 3 February 2015

Ceisteanna (612)

Thomas P. Broughan

Ceist:

612. Deputy Thomas P. Broughan asked the Minister for Transport, Tourism and Sport if his attention has been drawn to the rising rates of car insurance premiums due to the increase in the number of road traffic collisions, fatalities and injury claims; and if he will report on the interventions that will be put in place to address the urgent road safety issue, which is having a knock-on effect on citizens through huge hikes in car insurance premiums. [4884/15]

Freagraí scríofa

Minister for Transport, Tourism and Sport

I have no role in the regulation of motor insurance. That role falls to the Central Bank of Ireland as the financial services regulator.

Motor insurance is a private matter between the insurer and the insured and the cost varies according to the provider depending on how they insurer perceives the risk the applicant presents.

I note that, based on Central Statistic Office figures, there has been an increase in the cost of motor insurance in the 2013-2014 period. However, I am confident that the implementation of the Actions in the Road Safety Strategy will, over time, lead to a reduction in road traffic collisions, fatalities and injuries which will be of assistance in reducing the cost of motor insurance.