Rejected petition Force insurers to cap prices at 15% of the value of the vehicle

As of today (30/10/2023) there are no laws or regulations regarding the pricing of vehicle insurance, allowing insurers to get away with increasing prices by insane amounts. Government needs to force insurers to cap prices to 15% of the vehicles value. Paying £3k/year on a £1200 car is extortion.

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Any attempts to get an insurance quote for a newly passed 17yo driver on a cheap car, Vauxhall Corsa, Volkswagen Polo, etc, will result in quotes of £5000+, even with a black box. This is unacceptable.

This petition was rejected

Why was this petition rejected?

It was created using a fake or incomplete name.

However, people who create petitions are required to give their full, real name. Sorry if this wasn’t clear to you.

We are rejecting your petition for that reason, but if you resubmit your petition using your full name, we should be able to approve it.

We have published the following petitions, which you might like to sign:

Establish a Commission to investigate extortionate Car Insurance price rises: https://petition.parliament.uk/petitions/644067

Place a Cap on Motor Insurance Premium Increases: https://petition.parliament.uk/petitions/649918

Introduce fixed prices for car insurance based on power to weight ratio and age: https://petition.parliament.uk/petitions/646793

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

Date submitted 30 October 2023
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