Moving on to the wider classes of premium, in the past 12 months up to the end of March, we have seen a 12.6% reduction in the motor private class; a 10.3% reduction in the commercial motor class, including fleets; a 9.3% reduction in general liability classes, such as employers’ and public liability; and a 4.2% reduction in the property class.
The above is an extract from Mr. Dick O'Driscoll M.D. of Hibernian Insurance given by him to the Joint Committe on Enterprise & Small Business reform of Irish Insurance Market Presentation on May 17th 2006.
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Does that mean that all of us with our full NCB should expect to get 12.6% reduction on our motor insurance this year when our renewal notice comes out.
I have allready got my commercial renewal notice and I was given €1.00 reduction. Of course I have queried it and now I have got roughly 10% reduction. Buyer beware.
The above is an extract from Mr. Dick O'Driscoll M.D. of Hibernian Insurance given by him to the Joint Committe on Enterprise & Small Business reform of Irish Insurance Market Presentation on May 17th 2006.
[broken link removed]
Does that mean that all of us with our full NCB should expect to get 12.6% reduction on our motor insurance this year when our renewal notice comes out.
I have allready got my commercial renewal notice and I was given €1.00 reduction. Of course I have queried it and now I have got roughly 10% reduction. Buyer beware.