Car News recent articles in category Motor Insurance
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Irish drivers being scammed by Ghost brokers selling worthless policies leaving drivers with no insurance
Irish drivers are being scammed by what are being called ‘Ghost brokers’ who are fooling drivers into buying fake policies leaving them without insurance. These ruthless fraudsters are selling fake motor insurance policies to unsuspecting motorists who are forking out hundreds and losing out. The fraudsters are charging unsuspecting drivers up to €300 and then leaving them with no...
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Motor insurance providers raided over alleged cartel activity
A number of Insurance companies, insurance brokers and other representative bodies of the insurance industry were raided yesterday morning as part of a probe into alleged price fixing in the motor insurance industry within Ireland It is understood that 45 officers from the State’s competition watchdog, the Competition and Consumer Protection Commission (CCPC) and the European Competition Directorate raided the...
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Car Insurance giants in talks with driverless car developers
Car Insurance giants in talks with driverless car developers The insurance company Aviva is positioning itself in the driverless car arena and is actively preparing for the arrival of autonomous vehicles by looking to partner with manufacturers and seal deals. The automotive industry is expected to dramatically change in the next 15 years and many insurance companies are concerned that...
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Motorists still being hit with huge motor insurance price hikes
Motorists are still being hit with huge insurance price hikes despite the Government's proposed action plan to tackle the issue. Not only are insurance providers failing to decrease motor insurance premiums but are also giving out worse policy terms on top of price jumps, according to Fianna Fail. Some traders are even choosing not to take out business cover, Michael...
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Car insurance needs supervision at EU level
Eoghan Murphy who is the Minister of State at the Departments of Finance and Public Expenditure and Reform has said that car insurance needs supervision at European level. The fear is that the insurance industry could face another Setanta and this was brought up last month by Senator Kiernan O'Donnell in the Oireachtas Finance Committee. The Supreme Court came to...
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Insurance costs fall for the first time in years
According to the Central Statistics Office (CSO), the cost of motor insurance has fallen for the first time in years. Finally, some good news for motorists, as the price of motor insurance has been almost extortion in recent years. New figures from the CSO reveals that motor premiums were down by 2.6 per cent in April compared with the same...
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Factors which impact car insurance premiums
There are many factors which can impact car insurance premiums but what can you do to bring costs down? Recently a well-known advertisement for a car insurance company mocked the tried and tested method of ringing around a number of firms for different quotes but this is still the best way to get a good deal. If you do the...
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Expats face losing their no claims bonus and unable to afford car insurance when they return to Ireland
Expats face losing their no-claims bonus and find themselves unable to afford car insurance because of the extortionate prices put on premiums by the insurance companies. One expat said after living abroad, 'I was quoted €4,000 on my return to Ireland' The reason for the high insurance prices for people returning to Ireland is because insurance firms will not recognise...
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Crash for Cash and Fake Motor Insurance Claims
Ireland is well known for its ‘Compo culture’ and it has been a constant feature on the insurance map for years. The insurance industry has ramped up their campaign to counter the compensation culture and frequently ask members of the public to come forward with information if they know of someone who is faking an injury. Court cases have been...
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Insurance companies crackdown on cash-for-crash scammers
Special investigation units from insurance firms are probing thousands of suspect accident claims. They are clamping down hard with cash-for-crash stings in a major ramping up of the fight against exaggerated and false claims. Thousands of suspect accidents are being reported and the Gardaí are getting involved in investigating these fraudulent claims as well. In recent times, dozens of...