Rejected petition Get motor insurance companies to pass their lockdown windfall on to the public.

There has been a dramatic drop in driving since the Government's lockdown. Motor insurance companies will therefore pay out far less than usual in insurance claims.

MPs should remind them that we are all in this together, so they must pass on this massive windfall to their hard pressed customers.

More details

Motor insurance companies stand to make millions from the Coronavirus crisis thanks to drastically reduced payouts during months of lockdown.

In New Zealand it is estimated this will give insurance companies a $100million windfall.

Millions of UK drivers have paid for policies that the Government's lockdown has rendered partially or completely redundant. A refund should be made.

In the US the top 10 insurance companies are refunding $7.5billion in premiums.

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

Insurance policies are private arrangements between individual insurance companies and policy holders, and are not the responsibility of the Government or Parliament.

The Association of British Insurers has published advice about the impact of coronavirus on different types of insurance, and suggests you should contact your insurance provider to see how they can support you: https://www.abi.org.uk/products-and-issues/topics-and-issues/coronavirus-hub/motor-insurance/

You can find out more about coronavirus and how you can protect yourself and others here:

www.gov.uk/coronavirus

https://www.nhs.uk/conditions/coronavirus-covid-19/

The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: https://www.gov.uk/find-coronavirus-support

You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips

We only reject petitions that don’t meet the petition standards.

Date submitted 17 April 2020
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