Motor Insurance

(asked on 9th May 2024) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, if he will have discussions with representatives of the insurance industry on regional variations in average car insurance costs.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 16th May 2024

Individual motor insurers are responsible for setting premiums and the terms and conditions of their policies, and are regulated by the Financial Conduct Authority.

However, the Department is aware that motor insurance costs have been increasing. The Minister for Roads and the Economic Secretary to the Treasury met with representatives of the insurance industry on the 13th of May to discuss this matter.

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