Wednesday 28 September 2016

'It's like a gun has been put to my head'

Published 15/02/2016 | 02:30

David Milne from Finglas in Dublin says he could lose his taxi plate because of insurance hikes. Photo: Caroline Quinn
David Milne from Finglas in Dublin says he could lose his taxi plate because of insurance hikes. Photo: Caroline Quinn

Taxi driver David Milne says he is being forced out of business because his insurance premium has gone up five-fold.

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The Dublin-based driver paid a premium of €1,500 for his motor insurance last year.

But the only renewal quote he can get is for €7,500, because there is now an outstanding claim on his policy.

The quote is with his existing insurer. He is unable to get a quote from other firms. And this is despite having no-claims protection on his policy.

His taxi was involved in an accident and there is now a personal injury claim outstanding on his policy.

Forced

"I am considering giving up work. A gun has been put to my head and I can't see any way out of it.

"I just don't have that sort of money," he said.

Mr Milne and his wife Antoinette have three children, with two of them still in secondary school.

If the Finglas man accepts the only quote he can now get, he will be forced to pay €2,466 upfront, and then make nine monthly payments of €586 each. "I can hardly afford €300 a month, never mind €600," he said.

And the new quote is for third-party insurance - whereas up to now he has had fully comprehensive cover.

Mr Milne does not qualify for the declined cases review process, as technically he has not been refused cover, experts said.

Mr Milne says he will lose his taxi plate if he has to stop working because he can't afford insurance, as the plate is due for renewal soon.

"I will have to go on the dole. And I am 50, so there are not too many retraining options for me," he said.

Irish Independent

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