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Car Insurance Rip-Off Confirmed to Government

Car Insurance Rip-Off was confirmed to the Government last summer and still they did nothing.

"The scoop in the Irish Times by John McManus on Saturday 24th which reveals that the Government were given an "Executive Summary" by the MIAB last summer which shows that the Insurance Companies are indeed ripping off young drivers will have huge repercussions" said Mick Murphy the National Organiser of MIJAG the Motor Insurance Justice Action Group.

"The summary to the Government shows that that insurance companies make bigger profits from young drivers under the age of 25 than from almost any other group. This is counter to the picture painted by the insurance industry for years and calls into question any and all information given out by them" said Mr Murphy. "When was the Minister (Noel Treacy) going to look into the fact that only two out of the 17 insurance companies offer quotes to this relatively profitable group of drivers. Did he not smell a rat and ask the competition authority to look into this. When was he going to investigate the practice where the five largest companies own INSECOM through which they all give quotes to brokers" Mr Murphy added.

Mr Murphy went on to say "Every time the Government were asked in the Dáil what they were doing about the huge premiums being paid by young drivers they stonewalled and referred to the MIAB and its final report. Yet they were sitting on the crucial preliminary results. The MIAB report is due to be published at the end of this year a few months before a General Election, too late for the Government to act".

"The Government better start getting real on this issue and start discussing with the young drivers about their proposals for improved driver safety. MIJAG wants an end to discrimination against young drivers. First time drivers should be insured at average premiums and kept at that level provided no safety related driving offences are committed" Mr Murphy said.

MIJAG is going ahead with a protest by young drivers in the Dublin area from the Phoenix Park at 5.30pm on Saturday April 7th. The campaign slogan for this Protest will be the same as it was from the start "End the Car Insurance Rip-Off"


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