Cars: Insurance

(asked on 6th September 2023) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, whether he has had recent discussions with representatives from car insurance providers on the potential impact of trends in the price of insurance premiums on policyholders; and whether he is taking steps to increase the transparency of the insurance policy renewal process.


Answered by
Richard Holden Portrait
Richard Holden
Minister without Portfolio (Cabinet Office)
This question was answered on 13th September 2023

The setting of premiums is a commercial decision for individual insurers based on their underwriting experience and the Government does not intervene or seek to control the market.

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