Motor Vehicles: Insurance

(asked on 13th December 2023) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, whether he has had discussions with car insurance regulators on helping ensure that rises in car insurance premiums do not disproportionately impact elderly drivers.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 18th December 2023

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

Department for Transport officials regularly liaise with representatives of the motor insurance industry and discuss issues as they arise. However, 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.

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