Posted: February 14th, 2018
Since 2016 there has been a 10% increase in the number of accident compensation claims, accidents involving uninsured or untraceable drivers, that were submitted to the Motor Insurers’ Bureau of Ireland (MIBI).
Insurance sector sources point to the fact that the rising expense of insurance premiums could be a huge factor in the increase in claims registered.
Set up in 1955, the MIBI was put in place to compensate individuals involved in car and road accidents caused the drivers of uninsured and unidentified vehicles. Insurance companies are required to contribute to its operation.
The MIBI awards between €55 million and €60 million in insurance awards on an annual basis with €55,364 per claim being the average figure awarded.
Co Dublin registered 41 per cent of all compensation claims (1,140) handled by the MIBI during 2017.
Across the country, the highest percentage increase was recorded in Leitrim with 70%.
Other increases include:
- Roscommon at 60 per cent
- Carlow at 43 per cent
- Monaghan at 42 per cent.
MIBI figures show that in total, 2,758 compensation claims for accidents involving uninsured drivers or untraceable vehicles was registered throughout 2017, a small increase on the 2,802 claims made during the previous year.