The Consumers’ Association of Ireland (CAI) has called on the Government to conduct an independent review of the insurance industry amid growing concerns that motor insurers are penalising pensioners and younger drivers who tend to drive older cars.

THE number of young drivers killed on the roads has almost halved this year compared to the same period last year, prompting calls for an overhaul of costly insurance premiums.

THE Consumer Association last night criticised motor insurance companies for failing to reduce premiums after it emerged they recorded profits of €329 million last year.

A GOVERNMENT department is being swamped with complaints from disgruntled motorists claiming they are being forced to pay exorbitant amounts for insurance.

A YOUNG motorist is threatening to take the Government and the insurance industry to the European courts over his frustration at the high cost of insurance for male drivers.