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NI insurance bills '£700 higher' | |
(10 minutes later) | |
Consumers in Northern Ireland are paying up to £700 a year more for insurance than people in the rest of the UK, according to a new study. | |
The Consumer Council says people pay 84% more on average (£282) for car insurance in Northern Ireland than in the rest of the UK. | The Consumer Council says people pay 84% more on average (£282) for car insurance in Northern Ireland than in the rest of the UK. |
The report also found households in NI pay nearly 40% more in total on car, contents and building insurance. | The report also found households in NI pay nearly 40% more in total on car, contents and building insurance. |
The council wants an investigation into the price discrepancy. | The council wants an investigation into the price discrepancy. |
Eleanor Gill, chief executive of the Consumer Council, said: "The car, contents and buildings insurance market is clearly not working for consumers. | Eleanor Gill, chief executive of the Consumer Council, said: "The car, contents and buildings insurance market is clearly not working for consumers. |
"Compared to Great Britain, households here are paying nearly 40%, leaving consumers £160m worse off per year. | "Compared to Great Britain, households here are paying nearly 40%, leaving consumers £160m worse off per year. |
"While we are all hit hard, some households are hit particularly hard." | "While we are all hit hard, some households are hit particularly hard." |
She said these included those in rural and low income areas. | She said these included those in rural and low income areas. |