Image: Sam Boal/Rollingnews.ie Image: Sam Boal/Rollingnews.ie THE WAY OFFICIAL CSO stats on the cost of car insurance are compiled leaves it “open to the industry to knowingly present certain figures that may not reflect the full picture”, Sinn Féin’s Pearse Doherty has claimed.
In reply, Varadkar said that to compile that particular index as part of the overall Consumer Price Index, the CSO collects data on premiums from a sample of insurance companies. For example, a survey of 4,000 motorists from the AA last year found that 56% of those polled said they’d seen a significant increase in their car insurance at the time of renewal. This dataset, however, would be smaller than that available to the CSO.
At the very least, Ministers quoting these figures should be more circumspect given their ultimate source is the insurers themselves. Reacting to Doherty’s claims, a spokesperson for Insurance Ireland told TheJournal.ie that it has “always accepted the veracity of the CSO process and considers its data to be indicative of market conditions”.
A report from the Personal Injuries Commission last September found that the average claim for soft tissue injuries in Ireland was €19,862 – over four times higher than the average in the UK John* told TheJournal.ie that it was during morning rush hour when he drove into the back of another car at a relatively low speed.
Premiums have fallen, utter rubbish, my quote went up 30%.
It's the price òf premiums that matter to those who can't afford them: they are left out of insurance costs data thar CSO gather.
Ah Shinners. If you don’t like the answer the problem must be the question. We’re maligning the integrity of the CSO now.
The gone up every year since 2012.
My insurance has gone up without fail for the last few years.