Most Irish motorists see insurance premiums rise at least 15%

More than two thirds of Irish motorists have seen their insurance premiums rise by at least 15% year-on-year, with some experiencing rises of over 50%, a new study shows.

While recent CSO figures suggest that the cost of motor insurance is falling for the first time in three years, a study by AA Car Insurance reveals almost one third of motorists (30.48%) had to pay between 15% and 30% more for cover.

A further 24.82% of those surveyed reported a year-on-year increase of between 30% and 50%. Almost one in 10 had seen their premiums rise by more than 50% year-on-year.