CAI urges probe into motor insurance hikes

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.

Allianz and Aviva have already said they will no longer insure new customers with cars more than 15 years old and there are increasing signs that other insurers are raising premiums for their clients with older cars.

Cork City councillor Mick Barry said he is receiving reports of huge hikes in motor insurance premium quotes for people driving cars that are 15 years old or older.