Lowering car insurance quotes ‘unacceptable’

MOTOR insurance companies should be prevented from lowering their initial quotes to match cheaper offers from rival insurers, an Oireachtas committee has recommended.

The Joint Committee on Enterprise and Small Business has expressed serious concern about the practice which it claims is "unacceptable".

A second interim report on reform of the insurance industry - due to be published shortly is also calling on the Government to abolish the 2% State levy on all insurance premiums.