Average motor premium per insurance policy up 9% in 2024 

Central Bank said expected cost of claims per policy increased by 3% to €397 in 2024, the highest it has been since 2014

New figures released on Friday show that the average written premium per policy increased by 9% to €623 between 2023 and 2024. 

Total gross written premiums in 2024 for private motor insurance rose to €1.46bn, new figures released by the Central Bank reveal. 

New figures released on Friday show that the average written premium per policy increased by 9% to €623 between 2023 and 2024.