Petition Put a max of £1200 on car insurance for 18-25 year olds

Insurance companies are making it harder and harder for people aged 18-25 years of age to start driving. I myself am looking at a £2500 insurance for my first year driving which is completely unaffordable as i am earning minimum wage £5.30 per hour and am also having to pay bill for my property.

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Government responded

By strengthening the way that people learn to drive and are tested and by tackling insurance fraud this Government is helping bear down on the cost of insurance for new and inexperienced drivers.

The Government is aware that the cost of motor insurance can be high for new and inexperienced drivers. We have taken forward a programme of measures to strengthen the way that people learn to drive and are tested. We have engaged insurers in this process, so that they can have confidence that additional measures will make a real difference that can be rewarded with lower premiums.

Motor insurance premiums can vary according to the risks associated with different types of driver, vehicle and other factors such as age and driving experience. Motor insurance is a very competitive market and shopping around for the best possible option before making any decisions is likely to benefit customers. The British Insurance Brokers Association (BIBA) run a not for profit ‘find a broker’ service where there are many broker products for young drivers. Further information can be found on their website: www.biba.org.uk. New rules coming into force next year will require motor insurers to disclose last year’s premium at renewal and prompt customers to shop around for the best deal.

Some insurers have introduced the use of telematics or in-car black boxes to allow better risk-based pricing for new drivers. It means insurers now have a real time data feed, which allows them to see an individual’s driving behaviour, which had not previously been possible in the past. There is some evidence that suggests new drivers could see their annual premiums fall by 20% or more if they show good driving behaviour with a black box installed in their cars.

The Government recently announced reforms aimed at tackling the continuing high number and costly whiplash injury claims that were having a negative impact on the price of motor insurance premiums. These reforms will end the cycle in which motorists pay higher insurance premiums due to minor, exaggerated and fraudulent whiplash claims by others. The government fully expects insurers to pass on the savings from these reforms to consumers through lower premiums and leading insurers have already committed to do this.

Department for Transport

Other parliamentary business

MPs want to hear your views on car insurance costs

We’re emailing you because you signed a petition about capping the cost of car insurance for young people. So many of you signed the petition that MPs will be debating this issue.

Before setting a date for the debate, the Petitions Committee would like the House of Commons to have the chance to find out more information about the issues raised in the petition. MPs will be able to use this information in the debate on the petition.

You can help by telling the House of Commons Petitions Committee a little about yourself and how the cost of car insurance affects you by answering a few questions here: www.smartsurvey.co.uk/s/young-people-and-car-insurance/

It shouldn’t take you more than a few minutes. We won’t ask you for any personal details and all your answers will be anonymous. The deadline for this survey is midnight on 16 January.

We’ll also be gathering information in other ways, including on Money Saving Expert forums and Twitter. You can take part there as well, so we’ll send you more details when we have them.

What is the House of Commons Petitions Committee?

The Petitions Committee is set up by the House of Commons. It is made up of 11 backbench Members of Parliament from Government and Opposition parties. The number of committee members from each political party is representative of the membership of the House of Commons as a whole. Find out more here: http://www.parliament.uk/business/committees/committees-a-z/commons-select/petitions-committee/role/

What happens during a petition debate?

Petition debates usually take place in Westminster Hall. There isn’t a vote, but it’s an important opportunity for MPs to question the Minister and put pressure on the Government. Find out more here: http://www.parliament.uk/about/how/business/debates/westminster-hall-debates/

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