Motorists planning demonstration against rising insurance costs

Motorists planning demonstration against rising insurance costs

People throughout Ireland have been hit with insurance hikes over the past two years, with the Central Statistics Office reporting the increases at a whopping 32 per cent.

The demonstration, which is being led by Ireland Underground, is being planned for July 2nd outside Dublin’s Leinster House.

The Facebook page for the upcoming rally shows that 1,700 people are interested in taking pert while 856 have confirmed they will attend.

A statement on the group’s website claims:

On the 2nd of July, we plan to hold a major demonstration in Dublin. We need cars from all over the country to convene in Dublin on this day. We need local volunteers in as many counties as possible to set up meeting points so that drivers can join in a convoy to Dublin. Together we can make this the largest demonstration the country has seen in recent times, we will take over every major route into the Capital and drive to the gates of the Dáil where they will hear our voices.

At the end of 2015 Fianna Fail finance spokesman Michael McGrath called for Government action to examine how seven out of 10 insurance claims are settled without any open record about how it is done.

“There is a complete lack of transparency about claims,” Mr McGrath said and called for the establishment of a claims register.

“These increases are not sustainable. They’re placing increasing pressure on household budgets and indeed on business,” the Fianna Fáil spokesman said.

Mr McGrath said the Motor Insurance Advisory Board, which operated a decade ago and helped cut insurance prices, should be revived.

Furthermore, in July 2015 two of Ireland’s biggest insurance companies announced that they would bew refusing to cover cars 15 years and older, even if they have a valid NCT cert. 

But a a spokesman from the Financial Services Ombudsman Bureau today told The Sunday World that motorists cannot be left without insurance regardless of how old your car is, read the full story here. 

The insurance hikes have sparked calls to examine the possibility of implementing a Compulsory Third Party insurance system, similar to that in operation in Australia.

The system, known as CTP, is included in the price of registering your car and covers the vehicle owner and anyone who drives the car for liability for death or injury to people caused by the fault of the owner or driver, but does not cover damage.