Force insurers to cap prices at 15% of the value of the vehicle

Rejected 21 signatures

What the petition asks

As of today (30/10/2023) there are no laws or regulations regarding the pricing of vehicle insurance, allowing insurers to get away with increasing prices by insane amounts. Government needs to force insurers to cap prices to 15% of the vehicles value. Paying £3k/year on a £1200 car is extortion.

Any attempts to get an insurance quote for a newly passed 17yo driver on a cheap car, Vauxhall Corsa, Volkswagen Polo, etc, will result in quotes of £5000+, even with a black box. This is unacceptable.

Why it was rejected

It was created under a fake or incomplete name.

We have published the following petitions, which you might like to sign:

Establish a Commission to investigate extortionate Car Insurance price rises: Establish a Commission to investigate extortionate Car Insurance price rises

Place a Cap on Motor Insurance Premium Increases: Place a Cap on Motor Insurance Premium Increases

Introduce fixed prices for car insurance based on power to weight ratio and age: Introduce fixed prices for car insurance based on power to weight ratio and age

Timeline

30 Oct 2023	Petition opened for signatures
8 Nov 2023	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 8 Nov 2023

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