Image: Shutterstock Image: Shutterstock THE OIREACHTAS Finance Committee is to launch an investigation into the practice by some insurance firms of charging current customers higher rates on renewal than the rates offered to new clients.
There is no better example of this than the industry’s practice of price discrimination that punishes loyal customers when they renew their premium. Doherty said his own insurance company charged him a renewal price of €856 and he was quoted a premium of €571 on the website after entering the same details.Related Reads 10.09.19 The UK and Canada are cutting the cost of processing claims - why can't Ireland? 09.09.
PearseDoherty And people that ping pong get the best deals - it’s really sad especially for people without the time or confidence to shop around
PearseDoherty Not specific to insurers, happens with all utilities.
PearseDoherty Paschald It’s high time the govt intervene ®ulate the process of Insurance companies. They r ripping customers in premiums both health&cars. Why can’t there a universal health insurance for all in the country. Case studies proves it works and free health 4all SimonHarrisTD
PearseDoherty About time. Ditto for gas and electricity utilities. The easiest solution would be to simply ban 'introductory offers'.