Motor Vehicles: Insurance

(asked on 16th February 2024) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, if his Department will make an assessment of the impact of trends in the level of car insurance premiums on young people.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 26th February 2024

Department for Transport officials regularly liaise with representatives of the motor insurance industry on a variety of issues such as the cost of insurance.

It is the responsibility of individual motor insurers to set their premiums and the terms and conditions of their policies, and the Government does not intervene or seek to control the market.

The Government is determined that insurers should treat customers fairly and firms are required to do so under the Financial Conduct Authority rules.

Reticulating Splines