{
  "id": 15703788,
  "title": "Car insurance premiums up 4% last year, says Central Bank",
  "url": "https://urgent.news/2026/10/19/car-insurance-premiums-up-4-last-year-says-central-bank-15703788",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T23:01:00.000Z",
  "source": {
    "name": "RTE News",
    "slug": "rte-news",
    "url": "https://www.rte.ie/news/business/2026/1020/1596018-motor-insurance-costs/"
  },
  "original_language": "en",
  "account": "The average cost of car insurance premiums in Ireland rose by 4% to €655 last year, according to research from the Central Bank. While year-on-year premium costs increased, the final quarter of 2025 saw a slight decrease of 0.4% compared to the first half of the year. The report, based on the National Claims Information Database, showed that damage claims contributed to the rising costs, accounting for 32% of premiums received. The average cost per policy for damage claims reached a record high of €197 in 2025. Personal-injury claims have also increased, but their impact has been tempered by the implementation of the Personal Injuries Guidelines, which led to a 13% decrease in average compensation and a 20% reduction in the number of claims. The overall cost of settling damage claims increased by 2% to €3,024 in 2025, nearly double the 2015-2019 average. The report attributed the rise in motor insurance premiums to the growing costs of claims, with insurers paying out 60% of premiums received in claims. Insurance Ireland CEO Moyagh Murdock noted that while premiums increased across 2025, they declined during the second half of the year and continued to trend downwards through 2026.",
  "summary": "Increasing damage claims contributed to the average cost of a car insurance premium rising by 4% to €655 last year, new research from the Central Bank shows.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}