Question to the Department for Transport:

To ask His Majesty's Government, following a 43 per cent increase in car insurance prices compared to this time last year, what steps they are taking to address the underlying factors that contribute to those high premiums, such as rising claims costs and inflation.

Whilst 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, we are engaging directly with the sector at an official and Ministerial level, with HMT Ministers who lead on this issue, to help us to establish if there are potential solutions within our power which will benefit motorists.

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

The FCA has been clear it will be monitoring firms to make sure they provide products that are fair value, and, where necessary, it will act.