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The Consumer Council says that the £500 million Northern Ireland (NI) car, contents and buildings insurance market is not working for consumers. On average, households here are shelling out a staggering £278 more per year compared to Great Britain (GB) – some pay as much as £695 more. The startling findings come today as the Consumer Council’s new research report into the cost of insurance in NI is launched by OFMdFM Junior Minister, Gerry Kelly, MLA. The Consumer Council is now calling for further investigation into why consumers are getting such a raw deal when it comes to buying insurance. They also cautioned that many households are not insured and stressed that consumers can make significant savings today by shopping around, even with the exorbitant prices.

The Consumer Council is helping to make young people confident and skilled consumers by holding two conferences today (Corr’s Corner Hotel, Newtownabbey) and tomorrow (Friday 13 March 2009, Tullylagan Hotel, Cookstown) to help Home Economics teachers prepare and deliver the new and more consumer focused A’ Level specification.