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Up to €1,000 difference in insurance quotes for new and existing customers - Tully

Feb 17, 2021 16:42 By News Northern Sound
Up to €1,000 difference in insurance quotes for new and existing customers - Tully
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Insurance companies have been accused of taking advantage of people by a local TD. Sinn Féin's insurance bill which would outlaw the practice

Insurance companies have been accused of taking advantage of people by a local TD.

Sinn Féin's insurance bill which would outlaw the practice of offering new customers better rates than those who always renew.

It received strong support during a debate on its proposals in the Dáil today.

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However, there are concerns about the impact the bill could have on attracting companies to Ireland.

The Minister for Finance says the government is not opposing it but it has issues with its implications.

Minister Paschal Donohoe, says it could cut back on services.

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Local TD Pauline Tully said quotes given to new customers for car insurance could be up to €1,000 lower than those given to customers renewing.

The Sinn Féin TD hit out at insurers and called for an end to dual pricing in the Dáil today:

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