An Oirechtas committee is to hold public hearings to examine the rising cost of motor insurance.

The Joint Committee on Finance, Public Expenditure and Reform has highlighted the area as one which needs urgent attention in the wake of the rising insurance premiums facing motorists.

The chairman of the Committee said they will "meet with all of the relevant stakeholders to determine the factors behind the dramatic increases seen in the premiums of policy holders."

John McGuinness saod "premiums rising at unsustainable rates are a threat to the effective functioning of the wider economy."

Mr McGuinness added that figures released in May "show the cost of motor car insurance increased by 35.5%, year on year."

The hearing are to take place in September.