PRESS RELEASE - 26/October/2002 MIJAG gives cautious welcome to Insurance cost reduction plans but would like to see a "Plan B". "MIJAG the Motor Insurance Justice Action Group welcomes the announcements by the Government to implement in full the MIAB recommendations but would like to hear what is the Plan B if there is no improvement in the situation" said MIJAG National Organiser Mick Murphy. "It is likely that there will still be premiums of €5,000 - €6,000 being paid by people under 25 at the end of this. The 31% reduction that the Minister talks about would be cut in half by inflation. 15% of a €6,000 premium is still €5,100 and still many times the European average." Mr Murphy said. "While we welcome the fact that things are heading in the right direction young drivers who are typically charged 8 to 10 times the average premium have good reasons to be worried about the pace of change and would like to see the Ministers Plan B if these initiatives do not work" Mr Murphy added. MIJAG believes that no one with a clean driving record including beginners should have to pay over €1,000 for motor insurance. MIJAG also believes that the minister should if necessary bring in price controls now to keep insurance premiums under €1,000.   Back to Press Release Index