Major warning to thousands of drivers as car insurance sees huge price hike in first half of year

The Irish Sun

08-05-2025

THOUSANDS of Irish drivers have been hit with a warning about rising insurance costs.
It's been revealed that the average cost of
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Thousands of drivers have been given the warning
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Insurance costs have risen by 8/8 per cent this year alone
Credit: Getty
And the same cost has risen by 12 per cent since 2023, according to the new figures.
The numbers come from the Central
They show that the average insurance premium is now roughly €616.
That's almost double the price of the average
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The numbers also reveal that insurance prices have been steadily increasing since 2022.
Although costs are about 25 per cent less than they were at their peak in 2017, they have been rising over the past three years.
The price hikes have come despite efforts from the
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They include a dedicated
And there have been efforts made to lower payout expenses in personal injury cases.
According to the National Claims Information Database, there were 1.2million new motor insurance policies between January and June last year.
This accounted for almost €729 million in premiums.
The figures also reveal that the number of
Those opting for the comprehensive option made up for 93 per cent of all policies in the first half of 2024.
This figure is up 80 per cent from 2009.
The new NCID and Central Bank figures come at a time when insurance premiums across the board are increasing in price.
Just days ago, it was revealed that Irish people are
Despite
Car insurance has risen by 8.8 per cent while home insurance is up by 6.8 per cent.
And the cost of health insurance continues to climb.
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New figures show more people are opting for comprehensive insurance rather than third party
Credit: Getty