Fianna Fáil TD for Sligo-Leitrim, Eamon Scanlon has said that older people in the region are feeling the brunt of excessive hikes in car insurance premiums and that action is urgently required.
Deputy Scanlon was speaking after raising this issue directly with An Taoiseach during a Promised Legislation debate in the Dáil this week.
“We have long known of excessive premiums being charged to younger, male drivers but now insurance companies have turned their sights on older drivers for massive hikes in their premiums.
“I’ve been contacted in recent days by a number of people in their late 60s or early 70s who have received premium renewals with a 100% increase being applied. None of these people have had any incidents that would warrant an increase in their premiums, and it’s very unfair.
“Pensioners are on fixed incomes in most instances. They can’t absorb these hikes in premiums. While the Taoiseach agreed with my suggestion that we needed a greater level of competition in the insurance market, he didn’t have any real solutions.
“The Cost of Insurance Working Group reported well over a year ago, and there has been no real discernible decrease in premiums for drivers.
“With older people now being targeted for excessive premium hikes, it’s time the Department of Finance dealt with this issue once and for all.
“For many older people in rural Ireland, their car is their way of staying connected to their communities. If premiums continue to rise, we will see, I believe, greater levels of social isolation among our older people, and that would be a disgrace,” concluded Scanlon.