Question to the Department for Transport:
To ask the Secretary of State for Transport, if he will make an assessment of the potential implications for his policies of reports that insurance premiums for 17 to 20-year-olds have risen by more than £1,000 since last year.
The Department for Transport officials regularly liaise with representatives of the motor insurance industry on a variety of issues such as the cost of insurance and trends in the market.
It is the responsibility of individual motor insurers to set their premiums and the terms and conditions of their policies, and the Government does not intervene or seek to control the market.
The Government is determined that insurers should treat customers fairly and firms are required to do so under the Financial Conduct Authority rules.