Insurance Ireland, a representative body for the insurance industry, blamed the increase on rising volumes and costs of damage-related claims, rather than injury claims . Insurance Ireland, a representative body for the Irish insurance industry, blamed the increase on rising volumes and the costs of damage-related claims, rather than injury claims. Total claims costs for damages were up 155 per cent compared with the pre-Covid average, the regulator said. Robert Troy, Minister of State with responsibility for financial services, welcomed the latest database figures and urged insurers to “fully reflect” reform-related savings in motor insurance premiums. The average cost for car insurance is now €655 but the average cost to the insurance company on claims is just €310 – lower than what it was a year ago, Mr Doherty said.

Source: The Irish Times March 31, 2026 16:07 UTC