Michael Noonan orders review of motor insurance sector following 'significant' price hikes

Significant hikes in motor insurance for drivers has prompted Finance Minister Michael Noonan to order a review of the sector.

Costs to consumers were rising “very rapidly”, Mr Noonan told the Dáil as he said that the Central Bank and other agencies would help complete the review.

His decision comes after pressure from Fianna Fáil finance spokesman Michael McGrath who, for months, has highlighted the plight of drivers facing hefty rises.