The total cost of motor insurance settlements rose by €42 million in 2024, according to a Central Bank of Ireland report. Photograph: iStock
Motor insurance premiums rose by an average of 9 per cent to €623 last year, more than four times the rate of inflation in the same period, new figures from the Central Bank of Ireland show.
The increase was blamed on the rising cost of vehicle repairs and the fact that injury claims still account for more than half of the overall c
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