26/01/2024
DUP Calls For Action On Car Insurance Price Increases
The DUP has called on the UK government to investigate car insurance price increases, especially for young drivers, in Northern Ireland.
Upper Bann MP Carla Lockhart said: “Turning seventeen is a huge landmark in the lives of so many young people, because it allows them to get behind the wheel, with a view to getting those 'R' plates embracing the freedom that offers. In a place like Northern Ireland, with so many people living in rural locations with limited public transport options, that ability to drive and make your own way from A to B is vital.
"However, the trend in car insurance prices for young people is proving hugely problematic, with an extra £1000 added to insurance premiums for those aged 17-20 in the last year alone. Many young drivers are now facing a cost of £3000 or more to obtain insurance. That is a huge sum of money, and for many young people and many families, it is simple unaffordable.
"We need the Government to investigate why this rapid and steep increase in insurance costs has happened, and to ensure that the market is not profiteering at the expense of young drivers. Indeed, there are questions to be asked as to why insurance for all drivers has seen average prices rise by around a third in one year.
"We simply cannot stand idly by whilst young drivers are driven off the road, or even worse, that they gamble with driving without insurance. That poses huge risks to all road users. We need our young people to continue to be able to drive, to allow them to move freely whether that be for education, for employment and simply enjoyment. Obtainable car insurance is key to this."
Upper Bann MP Carla Lockhart said: “Turning seventeen is a huge landmark in the lives of so many young people, because it allows them to get behind the wheel, with a view to getting those 'R' plates embracing the freedom that offers. In a place like Northern Ireland, with so many people living in rural locations with limited public transport options, that ability to drive and make your own way from A to B is vital.
"However, the trend in car insurance prices for young people is proving hugely problematic, with an extra £1000 added to insurance premiums for those aged 17-20 in the last year alone. Many young drivers are now facing a cost of £3000 or more to obtain insurance. That is a huge sum of money, and for many young people and many families, it is simple unaffordable.
"We need the Government to investigate why this rapid and steep increase in insurance costs has happened, and to ensure that the market is not profiteering at the expense of young drivers. Indeed, there are questions to be asked as to why insurance for all drivers has seen average prices rise by around a third in one year.
"We simply cannot stand idly by whilst young drivers are driven off the road, or even worse, that they gamble with driving without insurance. That poses huge risks to all road users. We need our young people to continue to be able to drive, to allow them to move freely whether that be for education, for employment and simply enjoyment. Obtainable car insurance is key to this."
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28 February 2017
Car Insurance Premiums Set To Soar
The Ministry of Justice has announced a new way of calculating compensation payments which could see average car insurance premiums soar by up to £75 a year. Lord Chancellor Liz Truss announced plans to cut the discount rate to -0.75% from 2.5%.
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The Ministry of Justice has announced a new way of calculating compensation payments which could see average car insurance premiums soar by up to £75 a year. Lord Chancellor Liz Truss announced plans to cut the discount rate to -0.75% from 2.5%.
13 June 2014
US Firm Buys NI's Largest Independent Insurance Broker
Northern Ireland's largest independent insurance broker has been bought by US firm Liberty Mutual. Newtownards-based Hughes Insurance has been acquired by the US company, who already owns the former Quinn Direct insurance business. Hughes was formed in 1977 and employs over 300 people.
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Northern Ireland's largest independent insurance broker has been bought by US firm Liberty Mutual. Newtownards-based Hughes Insurance has been acquired by the US company, who already owns the former Quinn Direct insurance business. Hughes was formed in 1977 and employs over 300 people.
01 September 2011
Soaring Cost Of Car Cover Slammed
News that the Consumer Council is to ask the Office of Fair Trading to examine the car insurance market in Northern Ireland has been broadly welcomed. South Down MLA Jim Wells has supported the move and said last night: "Motorists in Northern Ireland are very well aware of the high costs of running a car here.
Soaring Cost Of Car Cover Slammed
News that the Consumer Council is to ask the Office of Fair Trading to examine the car insurance market in Northern Ireland has been broadly welcomed. South Down MLA Jim Wells has supported the move and said last night: "Motorists in Northern Ireland are very well aware of the high costs of running a car here.
08 February 2024
Belfast Teenagers Receive Hard-Hitting Road Safety Campaign
A hard-hitting road safety campaign has been presented to more than 1,000 teenagers at Belfast Model School for Girls.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.