\u00a0\u201cLast year, there were increases in the volume of repairs and an increase in the cost of each one of those being resolved,\u201d he explained.\u00a0<\/p>\n
\u201cSupply chain issues, so that means there were delays fixing cars and that means maybe there were car rental costs associated then.\u00a0<\/p>\n
\u201cThere are other costs of doing business that have gone up considerably in the last year or two as well.\u201d\u00a0<\/p>\n
![\"Traffic](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/11\/7590-Level-5_90622392.jpg\")
Traffic on the M50 motorway. Picture by: Leon Farrell\/RollingNews<\/p>\n
Mr Hanley continued that the overall number of awards have dropped in recent years.\u00a0<\/p>\n
If the trend continues, it is likely to bring down prices in the years ahead.\u00a0<\/p>\n
\u201cIt is disappointing but it\u2019s not surprising for your listeners to see today\u2019s figure of a 9% increase,\u201d he said.\u00a0<\/p>\n
\u201cIt\u2019s really important that repair inflation doesn\u2019t become a blank cheque or a jumping off point for premium increases.\u00a0<\/p>\n
\u201cThat any increases are genuinely and narrowly tied to whatever the increase in cost is.\u201d\u00a0<\/p>\n
Future costs<\/p>\n
Mr Hanley added that despite recent reforms designed to reduce insurance payouts, awards are \u201cstill above European countries\u201d.<\/p>\n
\u201cUltimately, this does boil back to the cost of repairs in the last while has outstripped the savings so far that have been made,\u201d he said.\u00a0<\/p>\n
\u201cThere are other savings to come and I think it\u2019s really important we see those passed on.<\/p>\n
\u201cThe 1% Motor Levy is gone, the Insurance Compensation Fund will be halved next year, uninsured driving has halved since 2022.\u00a0<\/p>\n
\u201cAs more and more cases are settled each year using the guidelines, that too show put down pressure on premiums.\u201d\u00a0<\/p>\n
Mr Hanley\u00a0 described it as \u201cessential\u201d such savings are passed onto drivers.<\/p>\n
Main image: A young woman driving a car. Picture by: Tero Vesalainen \/ Alamy<\/p>\n","protected":false},"excerpt":{"rendered":"It is \u201cessential\u201d that insurance savings are passed onto consumers in the near future, an industry expert has…\n","protected":false},"author":2,"featured_media":117736,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-117735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/117735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=117735"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/117735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/117736"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=117735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=117735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=117735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}