Deputy Pearse Doherty is warning car owners to seek online quotes before renewing their insurance after discovering a case of dual pricing.
The Donegal TD claims that loyal customers are facing unfair treatment from insurance companies when they go to renew their policies.
It comes after Deputy Doharty received a letter with his insurance premium renewal being priced at €855.88.
However, he found that he was able to reduce his renewal premium by €285 (33%) by applying for a premium online instead. He then called his insurance company to ask if he could get a better price. The advisor told him the best price they could offer was €814.
Deputy Doherty shared his experience on social media and called on the insurance industry to end the practice of dual pricing.
Teachta Doherty said: “This practice, of punishing loyal customers when they renew their premium, is called dual pricing. It is unfair, undermines consumer protection and must end immediately.
“While we in Sinn Féin move forward in finding solutions to end this practice, I would advise customers to seek online quotes before automatically accepting the renewal quotes offered by the insurance companies.
“There has to be a major overhaul of the insurance industry, and Sinn Féin is the party willing to take them on and end the rip off.”