This petition was submitted during the 2019-2024 parliament
Rejected petition Require insurance companies to replace car like for like, rather than value.
The most important thing with your car is reliability. You car might only be worth 3 grand, but when it's your car and you know there are no faults with it, that car can't be replaced. Require insurance companies to provide you with like for like with a guarantee that all is in good working order.
More details
Had an accident. The value I would get for car is £3.5 grand. I could buy the same car with this if I could travel 150 miles, but no guarantees that it was near the condition ours was in and wouldn't end up costing us a fortune in repairs. To buy a car that was the same as the one we had (which was 3 years old at purchase, 50k miles, £7.5k) would now cost £13500. Whichever way this is looked at, we will be losing out significantly, and this isn't right when in a no fault accident.
This petition was rejected
Why was this petition rejected?
It’s about something that the UK Government or Parliament is not directly responsible for.
We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. The terms of insurance policies are a contractual matter between the insurer and the consumer.
We only reject petitions that don’t meet the petition standards.