Doherty claims Insurance companies are ripping off customers

A Donegal TD has raised concerns over the costs associated with settling motor insurance claims


The cost of settling a motor insurance injury claim has risen by almost a fifth over the last 5 years.


The average compensation pay-out for claims through litigation is now just over 46 thousand euro.


A new Central Bank report also shows premiums have risen 35 per cent over the last ten years while the cost of claims has fallen by 9 per cent.


Donegal TD and Sinn Fein Finance spokesperson Pearse Doherty says consumers are being ripped off;