Ceisteanna—Questions. Oral Answers. - Motor Insurance.
- Motor insurance rates 6 speeches
The Minister said rates were competitive and increases reflected rising claims costs; each application is reviewed, but she could not confirm whether a further increase was pending.
Michael O'Leary, Máire Geoghegan-Quinn, Joseph Brennan
- Motor repair costs and insurance claims 6 speeches
Keating raised allegations that garages charge unusually high repair costs for insured accident claims. The Minister said complaints were under investigation; she added that repair-cost standardisation was not being considered.
Michael Keating, Máire Geoghegan-Quinn, Michael O'Leary
asked the Minister for Industry, Commerce and Energy if he is satisfied that motor insurance is available at a competitive rate; if his attention has been drawn to the sharp increase in the cost of such insurance; and if he will have the component parts of the rise in the price reviewed.
Comment on this
I am satisfied that motor insurance is available at present at rates which are competitive. Over the years increases in rates have had to be allowed to compensate for the higher costs of meeting claims for damages under motor insurance policies.
I can assure the Deputy that the component parts of the price rises sought are reviewed when each individual application for permission to increase rates is being examined.
Comment on this
Can the Minister tell the House whether there is any application at present for a further increase in motor insurance?
Comment on this
Is the Minister aware of the widespread practice and belief amongst car insurers that, in the event of accidents, the position is that the cost of repairs seems to be inordinately high when it is known that it is an insurance case? Has the Minister's Department made any inquiries in an effort to curb this practice which I am sure is only confined to a minority of unscrupulous garage dealers?
Comment on this
The inquiry is being made to discover whether the claims made stand up to investigation. If they do, as far as the Department have any control we will ensure that such things do not recur.
Comment on this
Is any consideration being given to the standardisation of repair costs so that people who are covered by insurance will have some sort of criteria by which to judge costs?