Motor Vehicles: Insurance

(asked on 22nd January 2024) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what discussions he has had with representatives of car insurers on the affordability of car insurance renewals for older drivers.


Answered by
Guy Opperman Portrait
Guy Opperman
This question was answered on 25th January 2024

Department for Transport officials regularly liaise with representatives of the motor insurance industry on a variety of issues such as the cost of insurance.

It is the responsibility of individual motor insurers to set their premiums and the terms and conditions of their policies. The Government does not intervene or seek to control the market.

However, the Government is determined that insurers should treat customers fairly. Firms are required to do so under the Financial Conduct Authority rules.

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