Petition Establish a Commission to investigate extortionate Car Insurance price rises
Car insurance prices have become increasingly more expensive since the Coronavirus pandemic, surpassing pre-pandemic average costs to insure cars despite a general reduction of road related deaths. Regulations at this time allow for consumer price gouging and cause hardship for many with no benefit.
A comission should be organised to investigate the regulatory practices of car insurance pricing and to ensure of fair competition.
A commission should look at alternative models. For example, in four provinces of Canada car insurance is a government-owned and operated system, a similar system in the UK could not only provide a potential additional revenue stream for the government but also limit the financial hardship caused by purchasing 3rd party insurance from private companies which maintain primary responsibility to earnings of their shareholders.
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament