“Insurance companies must be penalised if they continue to discriminate against people in the north of Ireland”
Sinn Féin MLA, Jennifer McCann, has said insurance companies must be penalised if they continue to discriminate against people living in the north of Ireland. Speaking following the revelation by the Consumer Council that people locally are paying up to 84% higher that people living in Britain Ms McCann said:
“The revelation by the Consumer Council that Insurance companies are charging up to 84% higher for premiums than the same policies in Britain is shocking. This is costing the consumer up to £700 extra a year.
“Insurance companies are basically extorting people living locally. How they can justify charging close to 100% more for policies such as home and property insurance, when if we look at the likes of crime figures, local statistics show that incidences of burglaries or criminal damage are significantly lower than in Britain?
“There is also no greater likelihood of car accidents, flooding, or any other sort of damage to property or buildings.
“This has two major effects. It leaves people short of money in times of economic hardship and it forces people to perhaps go without insurance leaving them in a high-risk position. It’s a case of either pay this much for insurance or don’t be insured at all.
“I welcome the Consumer Council raising this issue and hope that they will be successful in bringing about the necessary changes. Insurance companies should be penalised if they continue to discriminate against people living in the north of Ireland.”