Petition · past parliament · HM Treasury
Place a Cap on Motor Insurance Premium Increases
Closed
792 signatures
What the petition asks
We want the Government to place a cap on the amount insurers can increase annual motor insurance premiums by, so that this cannot exceed inflation.
Car insurance premiums have increased by around 60% in the twelve months to August 2023. Even when shopping around using comparison sites, many motorists are finding a hefty increase in their premiums, well over the 9.1% inflation figure for that period.
Under the Road Traffic Act, having Motor Insurance is a legal requirement so insurers have a captive market. Insurers need to be prevented from what we believe is unfair profiteering.
Under the Road Traffic Act, having Motor Insurance is a legal requirement so insurers have a captive market. Insurers need to be prevented from what we believe is unfair profiteering.
Timeline
| 3 Nov 2023 | Petition opened for signatures |
| 3 May 2024 | Closed to new signatures |
Key facts
Signatures
792
Status
Closed
Department
HM Treasury
Opened
3 Nov 2023
Closed
3 May 2024
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Source: the official petition page. Last checked 15 Jul 2026.