News

Average motor claim cost in Ireland rose 4% between 2018 and 2019

By 2020-11-06T08:24:00

personal injury, motor

Compensation for litigated settlements in Ireland averaged €46,214 between 2015 and 2019, with legal fees coming to €23,409 for these cases

Irish financial services regulator the Central Bank of Ireland has revealed that the average cost of a motor claim in Ireland has increased by 4% between 2018 and 2019, but frequency of claims has dipped by 5%.

Since 2009, however, the average cost of a motor insurance claim in Ireland has risen by 65%, but the frequency of these claims fell by 45%.

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