Petition Place a Cap on Motor Insurance Premium Increases
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.
More details
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.
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