Car insurance: NI ‘must not be afterthought’ for taskforce

Launching the taskforce, Transport Secretary Louise Haigh described car insurance as “an essential, not a luxury”.

She added that the government is “committed to getting costs under control”.

The taskforce will bring together industry experts, consumer champions and regulators to crack down on the spiralling costs of car insurance.

Swann has called for the group to take an “in-depth look” to ensure the reasons given by insurance providers for increasing premiums are valid.

“I’m talking to people who are seeing their insurance premiums not just double but quadruple at times,” he said.

“I’m talking to new car drivers who are now looking at insurance premiums that are two or three times the price of the car.

“So insurance is putting young people and older people off our roads.”