This makes what happened with the Government’s new Motor Insurance Transparency Code even more baffling. The transparency code needed to be much stronger and more exacting when it comes to insurers’ costs and profits. Official Central Bank data paints a very clear picture, albeit one that the motor insurance industry has tried to obscure. The lack of transparency around rising motor insurance premiums has long been a source of frustration for every driver in the country. Over the next 12 months, as renewal notices land, some consumers will see whether insurers who volunteer to sign up to the new Motor Insurance Transparency Code provide meaningful breakdowns.

Source: The Irish Times March 26, 2026 18:01 UTC