Motor-insurance premiums crept up last year – Law Society of Ireland Gazette

The NCID report says that “virtually all” injury claims settled directly or through the IRB did so under the Personal Injuries Guidelines.

Figures from the Central Bank show that the average cost of a motor-insurance policy last year rose by 2% to €568, after five years of falls.

The average cost of a claim per policy increased by 5% in 2023 to €369.

The figures are in the bank’s annual Private Motor Insurance Report of the National Claims Information Database (NCID).

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