Drivers to face insurance premium increases

Drivers are set to face even higher premiums in the coming months as insurance sector bodies continue to quibble over the cause of the increases. Figures from the CSO last week showed premiums have ballooned by 24.4% in the past year.

Insurance Ireland represents 95% of the domestic and international-based insurance sector in Ireland.

Yesterday it produced a report which cited the high cost of awards in court as one of the key factors driving up insurance premiums.