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Insurance Industry ‘Blame Game’ Leaves Consumers Picking Up The Tab

Coverinaclick.ie MD Jonathan Hehir predicts which price hikes and cuts could be on the way. 2016 was a controversial year for the sector, with the Joint Committee on Finance, Public Expenditure and Reform, and the Taoiseach, setting out to deliver a more affordable deal for motorists, considering the rising costs of motor insurance. In that regard, I would say there is a currently a major “blame game” at play within the industry, leaving you, the consumer picking up the tab. Regulatory change is important as it has a wider impact on premiums, and as a result of the Committee’s recent findings, I [...]

2019-07-18T13:26:34+00:00January 9th, 2017|Car Insurance, General News|

Nearly 1,200 Young Drivers Refused Quotes Last Year

Notwithstanding the fraught state of the Irish car insurance market, the current treatment of young drivers by insurance companies is arbitrary and unfair. 2 days ago, the Garda Twitter account reported that they stopped 7 uninsured drivers at a checkpoint in one day. Our own Jonathan Hehir, MD of Coverinaclick.ie while speaking with various newspapers, said that the premium prices are grossly unfair and potentially lead to undesirable trends in driver behaviour. Due to young drivers being priced out of the market and in some cases refused quotes entirely, an increased number of uninsured drivers has been recorded on the roads. Other [...]

2019-04-09T14:33:07+00:00January 6th, 2017|Car Insurance, General News|

Insurers Urged To Reassess Young Drivers’ Policies

Insurers have been called on to reassess their pricing approach to younger drivers. According to Insurance Broker www.coverinaclick.ie, motor insurance underwriters have failed to take steps to address an imbalanced pricing market in which young drivers are suffering. Coverinaclick.ie claims the insurance companies had experienced significant losses by offering premiums that were too low and that premiums should reflect the fact younger drivers are a significantly lower risk than they were 10 years ago. Managing Director of Coverinaclick.ie, Jonathan Hehir, said the situation faced by younger drivers in the current insurance market is “grossly unfair”. “It seems to be generally accepted now that [...]

2019-07-18T13:30:48+00:00January 3rd, 2017|Car Insurance, General News|