Car Insurance Premiums To Go Up Another 25%

The CEO of Insurance Ireland, which represents the majority of domestic and international based insurance companies, has warned that motorists can expect to be see increases of around 25% next year - adding €300 per year to 2014 comprehensive policies.

Kevin Thompson denied that mismanagement across the motor insurance sector was to blame for the price spikes.

Increased claims, underwriting losses and the closure of some insurance companies are blamed for the coming rise.

Source: The Irish Times