The cost of insurance is too high.
The cost of car and business insurance in Ireland is way too high. Premiums are far in excess of what is reasonable or fair for the Irish consumer and higher than the European average.
Fine Gael has failed to take the side of the consumer and has failed to implement key measures that would increase transparency and lower insurance bills. The price of insurance has to come down.
Fianna Fáil will bring down the price of insurance by:
Delivering transparency on premiums
Deliver real transparency on how premiums are calculated. This would require insurance companies to explain specifically why insurance premiums have gone up. It would also tackle the obscene premium increases when individuals move to a new address.
Tackle personal injury claims
Tackle the excessive personal injury claims that are driving up the cost of insurance across the board. Fianna Fáil would make the Personal Injury Assessment Board a far more rigorous process.
Implement the Personal Injury Commission
Fully implement the recommendations of the Personal Injury Commission on personal injury claims. Ireland’s personal injury claims are far in excess of those in other countries. This makes insurance for everyone more expensive.
A National Claims Database
Fully establish a National Claims Information Database so claims can be tracked over time. 70% of claims are settled out of court and out of sight. This contributes to rising premiums. Fine Gael has dragged their feet for too long on establishing this database.
Ensure that owners of older cars are not discriminated against when the vehicle has a valid NCT disc.
Clamp down on fraud
Fianna Fáil has introduced a Bill that would tackle fraudulent claims that are brought to court. This Bill would ensure that a fraudulent or exaggerated claim would be passed to the Director of Public Prosecution. We would also establish an anti-fraud unit within An Garda Síochana.
Fairness for returning emigrants
We would establish an anti-fraud unit within An Garda Síochána to address clear cases of insurance fraud. Ireland must not be seen as a soft touch when it comes to fraudulent and exaggerated claims.
Ensure that returning emigrants are not discriminated against when a valid driver history is provided.
Fianna Fáil will push for the completion of a more ambitious European-wide insurance market. This would add much needed competition to the sector and bring down costs for customers.