Irish Drivers Face Rising Car Insurance, Running Costs

0:00On March 24, more than half of Irish drivers faced higher car insurance premiums over the past year. A recent motoring report shows 54% saw increases, while 22% got decreases, with three-quarters noticing some change. Overall, the study drew from 1,000 drivers in real marketplace data. Most Irish motorists stick with petrol or diesel cars over 80% in total and just 5% drive fully electric. Only 9 out of 10 bought their vehicle second-hand, typically around 5 years old when purchased. Average monthly running costs climbed 12 euros to 224 euros, hitting 232 euros in lister. Drivers seem reluctant to shop around, with only 36% switching insurers despite the hikes. Experts point to customer inertia as comparing policies takes time and effort. Insurance averaged 623 euros last year, up 9% nationwide. Premiums rose more in lister and monster than elsewhere, especially in cities like

1:01Dublin. Officials blamed denser traffic, minor bumps, and more claims in urban spots. These trends have built up over years. Running costs keep climbing, but experts say insurance swings are cyclical, with past drops from 2017 to 2022. Many drivers may soon feel pressured to hunt for better deals. That's the story for today. Europe News Today, Driven by AI