Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of increases in car insurance premiums on consumer price inflation.

Information on inflation in transport insurance and its weight within the Consumer Prices Index basket can be found online at the following link: https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflation/current

Insurers make decisions about the terms on which they will offer cover following an assessment of the relevant risks. This is usually informed by the insurer’s claims experience and other industry-wide statistics. The Government does not intend to intervene in these commercial decisions by insurers as this could damage competition in the market.