today CEO of the Royal Irish Automobile Club Conor Faughnan said this is to be expected as premiums had declined for five years during a period of"very high" inflation.associated with new cars rolled out on Irish roads in recent years.“The costs of repairing sophisticated modern cars that are now full of sensors is much more expensive,” said Mr Faughnan.
A motor insurance certificate with a car key in August 2011. Picture by: Brian Jackson / Alamy Stock Photo“EVs appear to be expensive to repair and that is starting to turn up in the data,” he said.“If an EV is off the road for three or four weeks, whereas your diesel is off the road one week, that’s an additional few weeks’ car hire your insurance company is having to pay.”“We need a basic reality check,” he said.