Motorists 'still being ripped off' by excessive insurance costs

The average cost per policy was €676 in 2019 which is still considerably above the average low of €431 at the end of 2013.

Motorists are still being "ripped off" on insurance premiums with a new report showing consumers paid out 50% more on average to cover themselves on the road than they did in 2013. 

The second Motor Insurance Report of the National Claims Information Database, published by the Central Bank, shows premiums fell 4% between 2018 and the end of last year, having soared by 63% between 2013 and 2018.