PARLIAMENTARY WRITTEN QUESTION
Motor Insurance: Fees and Charges (9 May 2024)
Question Asked
To ask the Secretary of State for Transport, if he will have discussions with representatives of the insurance industry on regional variations in average car insurance costs.
Asked by:
Judith Cummins (Labour)
Asked by:
Judith Cummins (Labour)
Answer
Individual motor insurers are responsible for setting premiums and the terms and conditions of their policies, and are regulated by the Financial Conduct Authority.
However, the Department is aware that motor insurance costs have been increasing. The Minister for Roads and the Economic Secretary to the Treasury met with representatives of the insurance industry on the 13th of May to discuss this matter.
Answered by:
Guy Opperman (Conservative)
16 May 2024
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