AA calls for action on insurance hikes

The cost of car insurance is rising dramatically and urgent action will be required to stem future steep increases, the AA, one of the country’s largest insurance brokers, has said.

Unveiling the findings of its analysis on government, legal and industry failings that are driving car insurance costs, prices have risen almost 35% since the start of 2014 and are up 27% in the last 12 months alone, the AA says that the Government can no longer ignore the problem.

Its advice would save the industry €214m each year, equivalent to €107 off the average car insurance premium.