Dizzying rise in car insurance premium

An explanation would be welcome

Sir, – I have just received my car insurance renewal notice, advising a €300 increase on 2023, which is more than a 60 per cent rise. I have no penalty points and a full no claims bonus. No explanation was provided. Did I not read that the non-litigated claims system was reducing costs, so can anyone shed light on these outrageous increases? – Yours, etc,

LIAM O’CEALLAIGH,

Dublin 5.