Latest: Insurers deny fall in motor insurance is down to EU 'cartel-busters'
Insurers are denying they have dropped their prices because of a clampdown on cartels.
Car insurance policies are down by 14% - the biggest decrease since a surge in bills three years ago.
However, the CEO of Insurance Ireland Kevin Thompson denied that the investigation was responsible for reducing premiums.
He said: "Premiums are a direct function of claims and until we get stability in the claims environment and we reduce the cost of claims, then you've got a chance of altering what premiums are offered.
"There is nothing to say that an EU ongoing investigation has anything to do with premiums."
Car insurance costs are coming down but it could be a while before motorists see an improvement in their bills.
New figures from the Central Statistics Office for August show there has been a 14% drop in prices, the most dramatic decrease since costs began rising three years ago.
