Dáil Éireann Debate, Tuesday - 9 June 2015
1155. Deputy Brendan Smith asked the Minister for Transport, Tourism and Sport the measures he proposes to implement to deal with the large increase in motor insurance, particularly for young drivers; and if he will make a statement on the matter. [22082/15]
Amharc ar fhreagraWhile I am of course concerned with the recent trend towards increasing motor insurance costs, motor insurance is provided by private companies in an open and competitive market. Pricing is a matter for the industry and I have no role in the regulation of insurers. I am however confident that the continued implementation of the actions set out in the Road Safety Strategy 2013-2020 will, over time, lead to a reduction in road traffic collisions, fatalities and injuries which will further assist in reducing the cost of motor insurance.
Consumers are always encouraged to seek a range of quotes and compare costs when renewing their motor insurance. The Competition and Consumer Protection Commission (www.ccpc.ie) publishes information to assist consumers in purchasing motor insurance.
