Petition · Department for Business and Trade, Department for Transport
Car insurance annual premiums should not cost more than the vehicle value
Open for signatures
48 signatures
What the petition asks
I would like for Parliament to introduce legislation enforced by the FCA (Financial Conduct Authority) to cap car annual insurance premiums at the value of the vehicle for car insurance companies.
This is because insurance premiums for newer drivers can often exceed the price of the vehicle they are driving, making it unaffordable for many drivers.
Timeline
| 25 Mar 2026 | Petition opened for signatures |
Key facts
Signatures
48
Status
Open for signatures
Department
Department for Business and Trade, Department for Transport
Opened
25 Mar 2026
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Source: the official petition page. Last checked 26 Jul 2026.