Consumers warned to check insurance policies amid 'perfect storm' of rising costs
Dermot Goode, of Health Insurance Ireland, said insurance companies will often bank on customers never reviewing the cost of their renewal policies. Consumers have been warned to check insurance auto renewal policies ahead of a “perfect storm” of rising premiums, decreasing benefits, and the spiralling cost of living. Average premiums across the health insurance sector rose by 10.6% in 2025, with Laya Healthcare’s 700,000 customers experiencing an average jump of 15.9%. Certain plans rose in excess of 19%. Motor insurance premiums increased by 4% during 2025, to an average of €655 — outpacing the 2.8% rise in consumer inflation over the same period. Dermot Goode, founder of advisory service Health Insurance Ireland, said that insurance companies will often bank on customers never reviewing the cost of their insurance renewal policies. “The insurance companies have a fair idea how many…
