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This petition was submitted during the 2019 to 2024 Parliament

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Closed Place a Cap on Motor Insurance Premium Increases

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We want the Government to place a cap on the amount insurers can increase annual motor insurance premiums by, so that this cannot exceed inflation.

Car insurance premiums have increased by around 60% in the twelve months to August 2023. Even when shopping around using comparison sites, many motorists are finding a hefty increase in their premiums, well over the 9.1% inflation figure for that period.

Under the Road Traffic Act, having Motor Insurance is a legal requirement so insurers have a captive market. Insurers need to be prevented from what we believe is unfair profiteering.

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    This petition will stay open until 3 May 2024.